Swire Properties : Sale of 100% Interest in Company which owns Investment Property at Kowloon Bay, Hong Kong Completion

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SWIRE PACIFIC LIMITED 太古股份有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Codes: 00019 and 00087)

SWIRE PROPERTIES LIMITED 太古地產有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 1972)

Announcement

Sale of 100% Interest in Company which owns Investment Property at

Kowloon Bay, Hong Kong

Completion

Reference is made to the joint announcement issued by Swire Pacific Limited ("Swire Pacific") and Swire Properties Limited ("Swire Properties") dated 28th October 2016 in respect of the sale of Swire Properties' 100% interest in a company which owns the land situated at Kowloon Bay, Hong Kong, known and registered in the Land Registry as New Kowloon Inland Lot No. 6312 and the Building (the "Announcement"). Terms defined in the Announcement have the same meanings when used in this announcement.

The Disposal was completed on 8th June 2018.

This announcement is made by Swire Pacific and Swire Properties pursuant to Rule 13.09(2) of the Listing Rules and Part XIVA of the SFO.

Shareholders and potential investors are advised to exercise caution in dealing in shares of Swire Pacific and Swire Properties.

- 1 -

As at the date of this announcement, the Directors of Swire Pacific are:

Executive Directors: J.R. Slosar (Chairman), I.K.L. Chu, D.P. Cogman, M.M.S. Low; Non-Executive Directors: M.B. Swire, S.C. Swire; and

Independent Non-Executive Directors: P.K. Etchells, T.G. Freshwater, C. Lee, R.W.M. Lee and G.R.H. Orr.

As at the date of this announcement, the Directors of Swire Properties 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.