It has been known that D=5 simple supergravity resembles D=11 supergravity in many respects. We present their further resemblances in (1) the duality groups upon dimensional reduction, and (2) the worldsheet structure of the solitonic string of the D=5 supergravity. We show that the D=3, G 2 ( + 2 ) /SO(4) (bosonic) nonlinear sigma model is obtained by using Freudenthal's construction in parallel to the derivation of the D=3, E 8 ( + 8 ) /SO(16) sigma model from D=11 supergravity. The zero modes of the string solution with unbroken (4,0) supersymmetry consist of three (non-chiral) scalars, four Majorana-Weyl spinors of the same chirality and one chiral scalar, which suggests a duality to a certain six-dimensional chiral string theory. The worldsheet gravitational anomaly indicates a quantum correction to the Bianchi identity for the dualized two-form gauge field in the bulk just like the M5-brane case.