(Hong Kong, 30 April 2002) Two Project Managers of Shui On Building Contractors Limited (SOBC), a subsidiary of Shui On Construction and Materials Limited ("SOCAM", HKEX stock code: 983), were both awarded the BMYA 2001 (Building Manager of the Year Awards 2001) bronze award organized by The Chartered Institute of Building (Hong Kong). They are Mr Tang Ka Wah, Project Manager of the Ma Hang Village Phase 3, Stanley project and Mr Freddy C K Lee, Project Manager of the Homantin South Phase 4 project.

The Award is organized with an aim to raise the professional standards of project management in the local construction industry and acknowledge the outstanding performance of individual building managers who demonstrate management excellence in construction projects. Judging criteria include time control, cost control, quality of the building, safety record, degree of complication of the project and the role of the building manager.

"We are glad that two of our Project Managers have been presented the BMYA 2001 Bronze Awards. It recognizes Shui On's continuous efforts in achieving high quality work in all our projects," said Mr Louis Wong, Deputy Managing Director of Shui On Construction and Materials Limited (SOCAM).

SOBC is a wholly owned subsidiary of the publicly listed Shui On Construction and Materials Limited (SOCAM). As early as June 1992, SOBC became the first building contractor to achieve ISO 9002 certification in Hong Kong. SOBC was awarded ISO 14001 certification by the HKQAA and the China National Accreditation Committee for Environmental System Certification Bodies (CACEB) in 1999. It was also awarded the Occupational Health and Safety Assessment Series (OHSAS) 18001 certification by the Hong Kong Quality Assurance Agency (HKQAA) in November 2000.