Interncontinental Hotel Group Joins China Southern FFP;
Joint Programs To Boost Reward Earning Opportunities

SINGAPORE - July 29, 2004 - China Southern Airlines (NYSE: ZNH) (HKSE: 1055) - www.csair.com/en - the largest airline in The People¡¯s Republic of China is pleased to announce that
InterContinental Hotels Group and China Southern Airlines have created a bold new partnership which will allow members of their respective frequent travel programs - Priority Club? Rewards and The Sky Pearl Club - to earn and redeem airline miles or reward points when flying with over 40 airline partners or staying at any of the 3,500 InterContinental, Crowne Plaza, Holiday Inn, Express by Holiday Inn, Staybridge Suites and Candlewood Suites hotels worldwide. For every qualified stay, Sky Pearl Club members, as Priority Club members, may earn 800 kilometers Sky Pearl Club mileage awards.

Commenting on the new partnership, Mr. Li Kun, Vice President, China Southern Airlines said, ¡°We are delighted to team up with the InterContinental Hotels Group because of its extensive properties worldwide as well as its reputation of service excellence. We look forward to sharing mutual program benefits and leveraging product strengths through this partnership to bring greater value and enhanced travel experiences to both of our members.¡±

InterContinental Hotels Group currently manages more than 40 hotels in Greater China in key major Chinese metropolitian markets, including: Beijing, Guangzhou, Hangzhou, Hong Kong, Shanghai, Shenzhen, Shenyang, Wuhan and Zhengzhou, which is part of a portfolio of more than 150 hotels in Asia Pacific.

¡°The addition of China Southern Airlines further extends Priority Club Rewards¡¯ global reach, demonstrating our strategy to continue to build local relationships which is key to our growth in China. This alliance marks the synergy between two well-reputed brands bringing added value to our frequent travellers and giving greater benefits to our loyal members in Priority Club Rewards,¡± said Mr A. Patrick Imbardelli, Managing Director, InterContinental Hotels Group, Asia Pacific.

The world's first and most global hotel loyalty program available in nearly 100 countries, Priority Club Rewards is also one of the fastest growing with a worldwide membership base of close to 20 Million. The award-winning program recently topped the 2004 Freddie Awards, the most prestigious consumer-generated awards in the travel industry, with wins in 14 out of 16 award categories including Best Bonus Promotion and Best Newsletter.

The largest airline in The People¡¯s Republic of China for the past 25 years, China Southern Airlines - www.csair.com/en - connects more than 80 cities around the globe. Major business and vacation destinations served in China include: Beijing, Chengdu, Guangzhou, Guilin, Hong Kong, Kunming, Shanghai, Shenzhen and Wuhan and as well as international service, including: Amsterdam, Bangkok, Fukuoka, Hanoi, Ho Chi Minh City, Islamabad, Kuala Lumpur, Jakarta, Los Angeles, Manila, Melbourne, Moscow, Osaka, Penang, Phnom Penh, Seoul, Singapore, Sydney and Tokyo.

For China Southern Airlines reservations and information, please contact your local travel agent.



For Immediate Release: Contact: Mr. Jeff Ruffolo
Senior Advisor
International Public Relations
Office 1-714-532-2054
E-Mail: RuffoloPR@aol.com