(Hong Kong, July 8 2003) Shui On Construction Company Limited, a subsidiary of Shui On Construction And Materials Limited ("SOCAM", HKEx stock code: 983), has recently won the Green Contractor Gold Award from the Architectural Services Department (ASD) for its outstanding environmental performance on the Castle Peak Hospital Phase II stage 2 site. Shui On also won the Gold Award in 2001 when the ASD established the Green Contractor Award to promote environmental protection and conservation among contractors of its projects.

Shui On closely monitors the environmental conditions on all its construction sites, including dust level, noise level, wastewater quality, waste quantity as well as energy and fresh water consumption. Internal audits are conducted bimonthly to verify the effectiveness of the company's Environmental Management System (EMS) and any corrective actions taken. In the past year, Shui On has implemented a comprehensive waste management system on all its construction sites, focusing on reducing the consumption of concrete and timber.

SOC specialises in the construction of commercial and institutional projects for the government, major institutions and private developers. The company has obtained ISO 9002, ISO 14001 and Occupational Health and Safety Assessment Series (OHSAS) 18001 certification.