SHANGHAI, October 15, 2005 - Shui On Land Limited (SOL), a leading property developer in China, and Oracle China (registered as Beijing Oracle Software Co., Ltd.) today announced that they are working in close collaboration to support the efforts of Shanghai's Yangpu District to transform the district into a leading knowledge and innovation hub. This paves the way for the Yangpu District to become a "digitized" community.

Under the Memorandum of Understanding (MoU) signed by both companies, Oracle and SOL will demonstrate and continually develop leading digital community technologies at the Knowledge and Innovation Community (KIC), SOL's new property development in Yangpu. Examples of cutting-edge digital community technologies include: Distance Learning, Community Collaboration, Broadband Content Delivery, Electronic Money Transactions and Radio Frequency Identification.

"This strategic cooperation reflects both the shared vision and commitment of Oracle and Shui On Land to the development and enhancement of communities in China, and the spirit of innovation that underpins all of Shui On Land's projects," said Vincent H.S. Lo, Chairman and CEO of Shui On Land. "More importantly, I believe that this alliance will help create a blueprint for China's 'cities of the future' as the country rapidly transforms, innovates and modernizes."

"Today's announcement of Oracle's collaboration with Shui On Land reinforces Oracle's success in driving local partnerships that deliver strategic value to communities across China," said Charles Phillips, President of Oracle Corporation. "The potential of this project to spur innovation among a new generation of Chinese entrepreneurs and researchers will benefit both China as well as global economies in the future. Oracle's commitment to meeting the needs of the local Chinese communities have contributed to our significant growth in China over the last 16 years."

Phillips attended today's signing ceremony in Shanghai as part of his Golden China trip.

Building the Knowledge and Innovation Community

Located in close proximity to numerous major universities and research institutes in the Yangpu District, the Knowledge and Innovation Community is focused on fostering technological innovation and entrepreneurship in China. KIC is modelled on SOL's successful "live-work-play" design concept. When completed, KIC will provide integrated facilities for young entrepreneurs and IT professionals, including research and development (R&D) centers, offices, residential quarters and commercial outlets. By placing strong emphasis on education, technology, culture, research and business incubation, KIC aims to be a well-rounded community where people live, study, work and relax.

Yangpu, with an area of 60,61 square kilometres and a population of more than one million people, is home to more than one hundred research institutes and 14 universities and colleges including Fudan University, Tongji University, Shanghai University of Finance and Economics, Shanghai Institute of Electric Power and Second Military Medical University. Yangpu has created a blueprint to become a world-class academic and research and development hub, with a highly digitized environment.

Oracle's Advance Technology Solution Center to showcase latest technologies

The strategic partnership between Oracle and SOL will initially focus on the establishment of Oracle's Advance Technology Solution Center (ATSC) at KIC, with the support of the Yangpu District Government and the Oracle China Development Centers in Shenzhen and Beijing. Oracle's Advance Technology Solution Center will be the first ever R&D facility in China to focus exclusively on developing and showcasing digital community technologies leveraging Oracle's applications and technology platform. These include Oracle Database 10g, Oracle Application Server 10g and Oracle Applications.

The digital community technologies from Oracle will be implemented over time at KIC, with the aim to create a "digitized" community. Practical, day-to-day benefits that the partnership is expected to bring to KIC's tenants and management include "smart" buildings, integrated home networks and state-of-the-art property management and communications systems.

"As Oracle's chief engine for research and development in China, the Oracle China Development Centers in Beijing and Shenzhen work closely with local partners in developing solutions on Oracle's latest technologies to address the unique needs of customers in China," said Pascal Sero, Vice President of Oracle China Development Centers. "Our expertise in developing digital community technologies and the strong local developer community will be leveraged at the Advance Technology Solution Center. We are confident that our close collaboration with SOL to develop leading-edge technologies for the Knowledge and Innovation Centre will drive some of the most innovative research in the industry today."

About Shui On Land

Established in 2004 and headquartered in Shanghai, Shui On Land Limited is a substantial property company consolidating prime developments of the Shui On Group in the Chinese Mainland. With a proven track record in the Chinese Mainland and Hong Kong, the Shui On Group is well established as one of China's visionary and innovative property developers. Backed by a prestigious group of co-investors, which includes ERGO Tru Asia, Metro Holdings, Citigroup Venture Capital International, Ocean Equity Holdings, Value Partners Funds, Standard Chartered Bank, Shanghai Hotel Investments and Jebsen & Company, Shui On Land leverages the Group's proven track record to provide high-quality growth opportunities. Shui On Land's projects feature unique commercial, residential and mixed-use developments. The Company focuses on two key business segments in the Chinese Mainland market: City Core Development Projects, which are large-scale, mixed-use redevelopments, and Integrated Residential Development Projects, which are high-quality developments offering full amenities and consistent with overall city infrastructure planning. For further information, please visit www.shuionland.com.

About Oracle

Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information, please visit www.oracle.com.

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