Swire Properties : Resignation of Independent Non-Executive Director

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SWIRE PROPERTIES LIMITED 太古地產有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 1972)

Resignation of Independent Non-Executive Director

The Board of Directors (the "Board") of Swire Properties Limited ("Swire Properties" or the "Company") announces that Mr. Stephen Edward BRADLEY has resigned as an Independent Non-Executive Director of the Company with effect from 10th August 2018.

Mr. Stephen Edward BRADLEY has confirmed that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. He has also confirmed that his resignation is due to his retirement and that he is not aware of any disagreement with the Board. The Board would like to express its gratitude to Mr. Bradley for his outstanding contributions and wise counsel as a Director of the Company during the eight years since his appointment as such on 14th April 2010 and offers its best wishes to him.

As at the date of this announcement, the Directors of the Company are:

Executive Directors: J.R. Slosar (Chairman), G.M.C. Bradley, F.N.Y. Lung; Non-Executive Directors: N.A.H. Fenwick, P. Healy, R.S.K. Lim, M.M.S. Low, M.B. Swire; and

Independent Non-Executive Directors: S.E. Bradley, L.K.L. Cheng, S.T. Fung, S.C. Liu and M.Y. Wu.

By Order of the Board

SWIRE PROPERTIES LIMITED 太古地產有限公司

David Fu

Company Secretary

Hong Kong, 29th June 2018

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