The Wharf (Holdings) Limited 2014 Interim Result 11 August 2014

1

IP Drives Value

IP Underlying Profit +18% to $3,751M 75% of Group Underlying Profit (1H13: 56%)

Total IP Profit If Incl. Net Revaluation Surplus

($6,892M): $10,643M 91% of Group Total (1H13: 81%)

2

IP Underlying Profit Growth (+18% in 1H14)

Surpassed 10-yr CAGR (15%, 2004-2013)

Purchase of Crawford House (Valuation HK$5.8B) to Enhance

IP Portfolio. Completion within One Month.

1.9 2.1 2.3

2.9

3.7

4.6 4.9

5.7 5.9

6.5

3.8

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

IP Underlying Profit (HKD billion)

75%

14%

11%

IP China DP Others

IP Underlying Profit at $3,751M (+18%)

Quality Landlord

39.3

34.7

33.7

30.4

29.2

29.2

27.8

27.6

26.8

26.2

Unibail Rodamco

SHK Prop

Wharf

Westfield

Mitsubishi E

Sumitomo

HK Land

Swire Prop

Brookfield Office

General Growth IP value (USD billion)

Global Top 10 IP Book Value Disclosed

Note: Above figures as of Dec 2013, except for Sumitomo (figure as of Mar 2014) Source: Morgan Stanley – Global Property Compass (Jan 2014); companies annual report

10.1 11.2 12.3 12.7 14.9

19.1

23.7

29.8 33.7 34.5

2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

Wharf IP Book Value

Wharf IP Book Value Ranked Top 3 in the World among Publicly-Held Portfolios

Retail Malls Account for >60% of IP Book Value

IP Classification Does Not Include Hotels in Operation (HK$9B) Or

Under Development (HK$5B)

USD billion

Retail Property Leader Excelling in Retail, Merchandising & Marketing

3

Superior Growth, Value Creation, Acquisition & Development to Enhance IP Book Value (1H14:

US$34.5B or HK$270B)

HK$270B

Flagship Malls Sustained Outperformance

4

HC + TS Retail Sales Growth

10-yr CAGR (+16.9%, 2004-2013) vs +11.1% in HK

Outperformed HK by 5.8 ppts

HC: +400% in Retail Sales over 10 Years (CAGR: 19.6%, 2004-2013)

vs +158% in HK Retail Sales

HC & TS Account for ~9% of Total HK Retail Sales & ~2.3%

of HK GDP

10.6 11.9 13.7 16.7

19.4 21.8 27.7

36.3 40.0

43.3

21.9

0

10

20

30

40

50

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

HC+TS Retail Sales (HKD billion)

5

Wheelock’s Acquisition of Wharf’s Stake to 54.82%

Wheelock

Wharf

54.82% (52.16% as of 31 Dec 2013)

as of 30 Jun 2014

Underlining Wheelock’s Confidence in Wharf’s Prospect

Overall IP Another Record-breaking Performance

1H14 HK China Total

Retail +18% +99% +24%

Office +11% +10% +10%

Total +15% +57% +19%

796

3,688 3,952 4,390 5,151

6,038 6,637 7,043

8,012 8,875

9,872

5,560

124 199

234

284

360

444 470

796

1,005

1,261

839

-

3,000

6,000

9,000

12,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

Total IP Revenue (HKD million) China HK

3,812 4,151

4,624

5,435

6,398

7,081 7,513

8,808

9,880

11,133

+15%

+57%

6,399

CAGR (2004-2013) +12.7%

+19%

China IP Top Grade Office Specification &

Service Setting a High Standard for Tomorrow

IFSs in Provincial City Centres with Connections/ Proximity to MTR

Stations 6

2013 HC/TS/PH Total Revenue (Incl. Hotel) $11,042M

* In Jul-2010, Chongqing TS mall was closed for renovation and hence impacted the rental revenue during the period Excluded Beijing Capital TS from 2004 to 2009, as it was sold in 2009

Asset Enhancement & New China IP Driving Growth

Financial Highlights

HKD million 1H14 1H13 % Change

Group Revenue 16,315 14,880 +10%

Operating Profit 7,124 6,080 +17%

Underlying Profit** 5,019 5,683 -12%

Profit Before IP Revaluation Surplus 4,809 6,447 -25%

Net IP Revaluation Surplus 6,892 10,793 -36%

Profit after IP Revaluation Surplus 11,701 17,240 -32%

Earnings Per Share - Attributable to Shareholders - Underlying**

$3.86 $1.66

$5.69 $1.88

-32% -12%

Dividend Per share $0.55 $0.50 +10%

**Exclude IP revaluation surplus and exceptional items 7

1H14 Dividend +10% to $0.55/share

Business Review Hong Kong Investment Properties

8

Retail Sales

Market Share

Record Retail Revenue

Times Square

Harbour City

2Q14 HK Retail Sales -7%

due to High Base Built by Gold Rush in 2Q13

9

HK Retail – Gold Rush Set a High Base in 2013

1H14 HK Retail Sales -1.3%

+15%

220.0 252.9 249.6

225.5

241.6

0.

125.

250.

375.

500.

625.

2012 2013 2014

HK Retail Sales (2012-1H14) (HKD billion)

2H 1H

-1.3% HK Retail Trend to be Observed

HC/TS/PH Retail Sales Growth +7.2%, Outperformed HK by 9 ppts

Market Share at 9.3%

Retail Sales

Retail Revenue Growth

Harbour City

$16.8B $2,797M

+14%

Times Square

$5.2B $909M +34%

Plaza Hollywood

$1.3B $256M +10%

10

Renowned Landmarks Generating Another Record Sales & Revenue

13.2 17.1

19.7 21.6 23.2

16.3

21.3

22.8 24.2

0.0

12.5

25.0

37.5

50.0

2010 2011 2012 2013 2014

Total Retail Sales at HC, TS & PH (HKD billion)

2H 1H

Attracts Best of Class Retailers that Draw More Traffic

Record Breaking 1st Half Retail Sales

The New Times Square Shopping Experience Re-Imagined

11

1H14 vs 1H12 Retail Sales at $5.2B, +17.4%

( Before TS Renovation) Outperformed HK

by 3.9 ppts

* Substantial Renovation period during 2H12-2013

3.3 4.1 4.4 4.4

5.2

4.0

5.0 4.9 5.1

0.

2.5

5.

7.5

10.

2010 2011 2012 2013 2014

Total Retail Sales at Times Square (HKD billion)

2H 1H 1H14 vs 1H13 Retail Sales at $5.2B, +18%

Outperformed HK by 20 ppts

TS Retail Sales Growth vs. HK 1H14 (After Renovation) vs. 1H12 (Before Renovation)

+17.4%

TS

Before and After Renovation

+17.4%

HK

Same Period

+13.5%

1H14 vs. 1H12

97%

3%

Occupancy Vacancy

100%

0%

Occupancy Vacancy

Unique & Signature Open Piazza, the Only Open Town

Square in Causeway Bay

Among The Most Successful Vertical (17 Floors) Malls in the World

Retail Average Rental $249/ft2/mth

Office Spot Rent

$45 - $59/ft2/mth

The New Times Square Innovative Initiatives Driving Record Revenue

12

1H14 Retail Revenue $909M, +34%

Increment HK$230M

Focal and Meeting Point of a Major Shopping Hub in

Causeway Bay

THIS IS YOUR TIME TIMES SQUARE

時代是你的

13

Times Square is the Core at 35%, with Retail Space of

0.94 Million sf

65%

35%

Greater Times Square Retail Cluster 2.7 Million sf

Harbour City Another Record Retail Sales

14

1H14 Retail Sales $16.8B, +4.8%, Outperforming

HK Retail by 6.1 ppts

9.0 12.0

14.1 16.0 16.8

11.3

15.2

16.6

17.8

0.

10.

20.

30.

40.

2010 2011 2012 2013 2014

Total Retail Sales at Harbour City (HKD billion)

2H 1H

Reconfiguration of Retail Spaces at Ocean Terminal Completing by End-2015

4-Storey Extension at Ocean Terminal Target Completing by

End-2017

1,193 1,287 1,472 1,775 2,166

2,550 2,928

3,571 4,223

4,909

2,797

0

1,250

2,500

3,750

5,000

6,250

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

Harbour City Retail Revenue (HKD million)

15

+14%

CAGR (2004-2013) +17.0%

1H14 Retail Revenue $2,797M, +14%

Pro-Active Management Produces Growth Creation

Continuous Value-Accretive Initiatives to Enhance Shopping Experience

Best Retailers to Drive Foot Traffic & Boost Retail Sales

Show Case Effect Premier Location for Top Brands “International Tenants Cannot

Afford Not to be Present in Harbour City”

Critical Mass Largest Mall in HK with 530m Street Frontage on Canton Road

Innovative Promotions & Proactive Retail Management

Connecting Tenants & Shoppers

Harbour City The Show Case and Finite Resource for International Brands

16

World’s Leading Shopping Destination

99%

1%

Occupancy Vacancy

Retail

Average Passing Rent $400/ft2/mth

95%

5%

Occupancy Vacancy

Office Average Spot Rent

Gateway:

$39 - $58/ft2/mth Older Blocks:

$35 - $48/ft2/mth

Harbour City is the Core at 35% Retail Space with 2.05 Million sf

One Harbour One Harbour City

一個海港,只有一個海港城

17

35%

65%

Great Harbour City Retail Cluster 5.9 Million sf

Business Review China Properties

18

China Commercial Properties Pipeline

Record China IP Revenue

Chengdu IFS

Chongqing IFS

Other IPs

China Commercial Properties Pipeline

* Gross Basis

Total Commercial Properties in HK & China by 2017 will

be 52.8M sf

New IFSs to Drive Future Growth

Completion Schedule of Commercial Properties Pipeline (Million sf)

19

14.0 14.0 14.0 14.0 14.3

5.7 5.7 5.7 5.7 5.7

3.9 7.0 8.2 8.2 8.2

2.2 2.7 2.7 2.7

4.0

2.0

5.4 6.9

6.9

10.4

11.0

0

10

20

30

40

50

2013 2014 2015 2016 2017

Changsha IFS

Chongqing IFS*

Suzhou IFS

Wuxi IFS

Chengdu IFS

Other China CommercialProp.HK Commercial Prop.

* Gross Basis

41%

21%

21%

10%

7%

OfficeRetailCarparkHotelSA

China Commercial Properties

GFA Breakdown

China Expanding IP Portfolio Driving Future Growth

1H14 Revenue + $839M, +57%

Operating Profit +$425M, +20%

CD-IFS Retail

Encouraging Sales since Opening in Jan-2014

CD-IFS Office

Leasing On Track

CQ-IFS Mall

Pre-Leasing Commenced

Other IFSs Progressing as Planned

20

124 199 234 284

360 444 470

796

1,005

1,261

839

0

350

700

1050

1400

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

China IP Revenue(HKD million)

CAGR (2004-2013) +29.4%

+57%

* In Jul-2010, Chongqing TS mall was closed for renovation and hence impacted the rental revenue during the period Excluded Beijing Capital TS from 2004 to 2009, as it was sold in 2009

Chengdu IFS Unlocking Market Opportunities

28%

38%

5% 9%

20%

RetailOfficeHotelServiced ApartmentCar Park

Development Area Breakdown

(760,000 sm)

15%

18% 33%

34%

High-End

Affordable Lux

F&B, Lifestyle & Entertainment

Mid to High-End

Retail Tenant Mix by Area

(210,000 sm)

Phase I Retail Mall 210,000s.m.

Office TI 130,000s.m.

Phase II Under

Construction

Office T2, 5-star Hotel, Serviced

Apartment

One-stop Lifestyle Shopping Experience in Western China

Grade-A Office Buildings Setting

Higher Benchmark for Future Offices

Full Completion in 2015

21

RMB600M Expected Annual Retail Revenue at Full Operation

(2015)

99%

1%

Occupancy

Vacancy

Chengdu IFS Unlocking Market Opportunities

22

1H14 Retail Revenue ~HK$200M

Estimated 2014 Retail Revenue is

RMB 400M

As of Jul 2014, ~90% Opened

Sales psm +260% Traffic +171%

Since Mall Opening

23

Chengdu IFS Critical Mass Driving Footfall and Sales

Debut Stores' Sales Exceeded Expectation,

Chanel, MONCLER, Roger Vivier, MCM etc

Largest Flagship Stores for Dior and Louis Vuitton

24

Chengdu IFS Raising the Benchmark for Future Office

Office (2 Towers) GFA 278,000 s.m

50 Floors (Each Tower) Building Height 248m

Designer – Kohn Pederson Fox Associates

Hotel

New Marco Polo Luxury Brand,

Niccolo 228 Rooms and Suites

Office

Tower 1 4 zones

Tower 2 Target Completion in End-

2014

Hotel Target Opening in Early-2015

Serviced Apartment

Target Opening in Mid-2015

2/3 of Total T1 Office Space Committed/Final Discussion

33%

33%

33%

Committed Final Discussion Show Interest

Office T1 RMB130–170/sm/mth

(Mid-Low Zones) Achieved Rental Rate

25

Retail Size Comparable to HK TS (102,000 s.m.)

Luxury Niccolo Hotel

Mall Opening 2016

Full Completion 2016

Chongqing IFS Retail Pre-Leasing On Track

49%

16%

29% 6%

Office

Retail

Carpark

Hotel

Total Development Area (Incl. Basement Carparks)

(645,000 sm)

China - Other IPs Resilient Performance

1,654

2,457

3,003 3,428

2,613

0

1,000

2,000

3,000

4,000

2010 2011 2012 2013 1H14

Total Retail Sales at Group’s China Malls

Shanghai TS Mall Re-opened in Late 2013

97% Occupied Add Growth Impetus

26

Dalian TS/ Chongqing TS/ Chengdu Times Outlet/ Wheelock

Square Produced Solid Positive Rental YoY Growth

Chengdu IFS To Drive Future Rental

Growth Amidst a Challenging Market

RMB million

DP - Solid Execution in China

1.0 1.3

6.9

5.0 5.2 2.6

5.0

2.7 6.5

0.0

3.5

7.0

10.5

14.0

2010 2011 2012 2013 2014

China DP Revenue (Excl. JCE & Associates) (HKD billion)

2H

1H

Contracted Sales RMB8.9B -18%

Contracted GFA 641,000 s.m. -20%

Contracted ASP RMB13,300

psm +2%

2014 Sales Target RMB23.0B +10%

1H14 Booked Sales 1H14 Completion: 488,700 s.m. FY Target Completion: 1.9M s.m.

1H14 Net Order Book RMB21.7B, GFA 1,730,000 s.m.

27

Revenue* $5,215M +5%

Operating Profit* $839M -3%

Completed GFA 489,000 s.m. -25%

Recognized GFA 626,000 s.m. +8%

1H14 Contracted Sales

* Subsidiaries Only

Solid Execution in China

1.7

6.3 7.5

10.9 8.9

7.1

6.4

7.5

10.0

0.

7.5

15.

22.5

2010 2011 2012 2013 2014

China Contracted Sales (RMB billion)

2H

1H

45 Projects in 14 Cities on Sale

LandBank at 11 M sm

2.7M sm Sellable Resources in 2014

87% Accumulated Sell-through

Rate as of 30 Jun 2014

28

54%

25%

6%

15%

China East China West China South Others

Contracted Sales Breakdown by Region

Business Review Other Businesses

29

Murray Building

Modern Terminals

Marco Polo Hotel

Wharf T&T

i-Cable

A Conservation Project for a Unique, Luxury

Hotel in Central

A 50 year Landmark Building

Land Cost $4.4 Billion, Estimated Total Cost about $7 Billion

Target Opening 2017

Design Planning Underway

Murray Building

30

Modern Terminals Solid Throughput Growth in HK and China

Milestone of

100,000,000th TEUs was Achieved on

12th of June, 2014

31

Revenue $760M +8%

Marco Polo Hotel

1H2014 TEU Throughput

HK 2.9M +11%

TC 0.8M +27%

DCB 0.6M +23%

Revenue $1,618M +8%

Operating Profit $508M +11%

Revenue $760M +8%

Operating Profit $189M +3%

13 Owned/Managed Hotels in

Hong Kong, China & the Philippines

N I C C O L O BY MARCO POLO

CME Total Underlying Profit +$104M YoY Wharf T&T Record-setting Half-Year Financial Performance

32

Stable Net Cash Inflow Maintained

i-Cable Net Cash of $102M Maintained

Revenue $947M, +3%

Operating Profit $165M, +15%

Revenue $843M, -16%

Net Loss Significantly Reduced to $23M

Operating Margin Improved Significantly YoY; Plenty of Room for Margin Improvement to Restore

Profitability

Financial Management

33

Net Debt to Total Equity

Average Interest Rate

Debt Maturity

Diversified Income Sources and Funding

Prudent Financial Management

30.8%

24.3% 23.4%

21.1%

25.6%

18.8%

15.8%

19.2%

20.6% 21.7%

20.4% 20.6%

10%

17%

24%

31%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14

2.0% 2.3%

2.8%

3.2% 3.3%

1%

2%

3%

4%

2010 2011 2012 2013 1H14

Average Interest Cost

34

4.0

14.2

19.4

13.2

18.7

10.6

Jul14 toJun15

Jul15 toJun16

Jul16 toJun17

Jul17 toJun18

Jul18 toJun19

Jul19 &After

Debt Maturity

Net Debt to Total Equity 20.6%

Own Net Debt $47.7B

Average Interest Cost 3.3%

Well-managed Debt Maturity Profile

(12 months) (13-24months) (25-36 months) (37-48 months) (49-60 months) (>60 months)

Net Debt / (Cash)

(HKD billion) 30.06.2014 31.12.2013

Wharf (exclude below

subsidiaries) 47.7 46.7

MTL 11.4 11.2

HCDL 0.8 0.4

i-CABLE (0.1) (0.2)

Group Total 59.8 58.1

Net Debt to Total Equity

20.6% 20.4%

Rental Income from Investment

Properties (HK & China)

$5.3B Operating Profit 1H14

Logistics, Hotels & CME

$0.8B Operating Profit 1H14

China Property Sales

RMB8.9B 1H14

Cash Balance $20.3B

as of 30.06.14

Undrawn Bank Facilities

$21B as of 30.06.14

Available-for-sale Investments

(Immediately Available for Liquidation)

$3.5B Market Value as of 30.06.14

Diversified & Multiple Sources

✴China DP $19.3B self-finance by sales, Full Year Sales Target RMB23B ✴China IP mainly IFS under construction

HKD 1H14

(Actual) FY14

(Projected) FY15

(Projected)

China DP 9.9B 19.3B 18.6B

China IP 1.1B 9.0B 9.9B

HKIP 0.6B 0.9B 0.6B

Others 0.7B 3.2B 3.9B

Total 12.3B 32.4B 33.0B

Diversified Income Sources and Funding

35

4.5

15.5

8.9

24.9 26.8

35.5 32.8 32.4 33.0

0

10

20

30

40

2007 2008 2009 2010 2011 2012 2013 2014 2015

Major Capital and Development Expenditure HKD billion

Coming Attractions

Ocean Terminal 4-Storey Extension

Chengdu IFS Phase 2

Chongqing IFS

Murray Building

36

Crawford House

CSR Business in Community Project WeCan

37

Project WeCan

Our Impact (Up to Date)

Project WeCan

A Business-in-Community initiative

empowering underprivileged students

An Open Platform

driven by business sponsors, professionals and retirees

A Multi-year Partnership Project

offering love, care, guidance and opportunities to students

Our Goals • 150 schools

• 150,000 students

• HK$500 million total funding

We Can, Yes, We Can!

Our Impact (up to date)

- 500+ staff volunteers, families & friends

- 44 schools

- Over 40,000 students

- Support from:

• 10+ Corporates (banking, insurance, retail firms, etc.)

• Tertiary Institutions (CUHK, Poly U & City U)

• Consulates, Business Associations, NGOs

& Retirees

We Can, Yes, We Can!

Appendix

40

Exceptional IP Portfolio 1H14 HK IP Performance Pro-Actively Driving Revenue/Fair Value HK Office - Resilient Performance IFS Pipeline Contracted Sales Breakdown New Projects Launched in 1H 14 Key Projects on Sale in1H14 Land Bank Break Down China Property Completion New Projects for Sale in 2H2014

87% 13%

HK

China

71%

26%

3%

Retail

Office

S.A & Others

Exceptional IP Portfolio

41

1H14 IP Revenue: $6,399M 1H14 IP Valuation: $249.9B

58%

32%

10%

Retail

Office

S.A & Others

87% 13%

HK China

By Business By Business

By Region By Region

Dominant Retail Contribution

Disciplined Quality Improvement Driving Retail Income & Valuation

Selected IPs Designed by Celebrated Architects

1H14 HK IP Performance

Remarkable IP Performance

Another Record Retail Revenue

* incl. hotels at valuation as of 30.06.2014

42

Harbour City Times Square Plaza Hollywood

1H14 (HKD million)

Revenue % Chg Revenue % Chg Revenue % Chg

Retail 2,797 14% 909 34% 256 10%

Office 1,027 13% 324 8% - -

Hotels & club 694 11% - - - -

Serviced apt. 152 0% - - - -

Total 4,670 13% 1,233 26% 256 10%

Valuation* as of 30.06.2014

$151.4B $47.6B $8.7B

Retail sales Jan-Jun 2014

$16.8B (+4.8%) $5.2B (+18.4%) $1.3B (-1%)

2014 avg. retail passing rent (HK$ psf per

month)

$400 $249 $95

65.0 80.0

114.0

138.0

0

35

70

105

140

175

2010 2011 2012 2013

Retail Valuation

HKD billion

6.2

7.3 8.2

9.3

0.0

2.5

5.0

7.5

10.0

2010 2011 2012 2013

IP Operating Profit (HK & China)

HKD billion

Pro-Active Management Driving Revenue and Fair Value

Retail Valuation CAGR (2010 – 2013)

+28.5%

Operating Profit (HK & China) CAGR (2010 – 2013)

+14.3%

43

Stellar IP Performance

HK Office Resilient Performance

1,063 1,077 1,161 1,249 1,381

1,085 1,142 1,210

1,317

0

750

1,500

2,250

3,000

2010 2011 2012 2013 2014

Hong Kong Office Revenue (HKD million) 1H 2H

2,148 -5%

2,371 +7% 2,219

+3%

2,566 +8%

Solid Lease Renewal Retention Rate (69% - 72%)

High Occupancy Rate (96% - 97%)

44

+11%

Continues to Provide Positive Rental Reversion

45

645,000 s.m.*

Retail, Grade A offices & hotel

Retail 102,000 s.m.

300m tower

Jiangbei new CBD

50:50 JV with COLI

2016

368,000 s.m.

Grade A offices, apartments & hotel

No Retail

450m tower

Suzhou new CBD

80:20 JV with Genway

2017

250,000 s.m.

Grade A offices & hotel

No Retail

340m tower

Taihu Plaza CBD

wholly-owned

2014

1,025,000 s.m.

Retail, Grade A offices & hotel

Retail 230,000 s.m.

452m tower

Prime city center

wholly-owned

2017

Wuxi IFS

Chongqing IFS

Suzhou IFS

Changsha IFS

* Gross area

IFS Pipeline

Changsha IFS

All IFS Projects are Progressing per Schedule

China Contracted Sales Breakdown By City

46

54%

25%

6%

15%

China East China West China South Others

54% 33%

5% 8%

China East China West China South Others

By GFA Sold

By Contracted Sales

Region City No. of projects on

sale in 1H14 Contracted Sales (%)

GFA Sold (%)

Eastern China Shanghai 4 9% 3%

Suzhou 5 18% 16%

Wuxi 5 7% 10%

Changzhou 2 8% 16%

Ningbo 2 1% 1%

Hangzhou 6 11% 8%

Eastern China Sub-Total: 24 54% 54%

Western China Chengdu 7 15% 23%

Chongqing 4 10% 10%

Western China Sub-Total: 11 25% 33%

Southern China Foshan & Guangzhou 5 6% 5%

Others Beijing 1 11% 3%

Tianjin, Dalian & Wuhan 4 4% 5%

Southern & Others Sub-Total: 10 21% 13%

5 New Projects Launched in 1H14

47

Projects City New Launch Attributable

Proceeds (RMB’M)

Attributable GFA Sold

(s.m)

Average Price (RMB psm)

Royal Seal Hangzhou Jan 318 7,400 42,800

Times City Chengdu Mar 21 3,500 6,100

Tangzhen Shanghai May 288 6,100 47,300

Bellagio Suzhou May/Jun 142 15,300 9,300

Moon Lake Site B Wuhan Jun 262 25,700 10,200

China Key Projects on Sale in 1H14

Projects City Attributable

Proceeds (RMB’M)

Attributable GFA sold (s.m)

Average Price (RMB’M)

Ownership

Unique Garden Beijing 938 20,800 45,200 33%

Le Palais Chengdu 857 95,100 9,000 100%

Times City Suzhou 745 52,900 13,000 80%

Ambassador Villa Suzhou 460 18,600 24,800 100%

Shanghai Songjiang Shanghai 407 13,800 29,600 100%

Chongqing IFS Chongqing 391 20,200 19,400 50%

Times Palace Changzhou 355 47,100 7,500 100%

Feng Huang Hu Changzhou 323 56,300 5,700 100%

Royal Seal Hangzhou 318 7,400 42,800 100%

Palazzo Pitti (Lot C) Hangzhou 298 10,600 23,800 100%

Times City Wuxi 294 34,600 8,500 100%

Shanghai Tangzhen Shanghai 288 6,100 47,300 50%

Moon Lake Site B Wuhan 262 25,700 10,200 100%

Times Town Chengdu 227 38,000 6,000 100%

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China Land Bank Breakdown by City

Region City GFA million (s.m) % Total

Eastern China Shanghai 0.8 7%

Suzhou 1.4 13%

Wuxi 1.3 12%

Changzhou 1.2 11%

Ningbo 0.1 1%

Hangzhou 1 9%

Eastern China Sub-Total: 5.8 53%

Western China Chengdu 2.4 22%

Chongqing 1.1 10%

Western China Sub-Total: 3.5 32%

Southern China Foshan & Guangzhou 0.5 4%

Others Tianjin 0.2 1%

Changsha 0.7 6%

Beijing, Dalian & Wuhan 0.4 4%

Southern & Others Sub-Total: 1.8 15%

Total: 11.1 100%

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53%

32%

4%

11%

China East China West

China South Others

LandBank 11,100,000sm

by Region

China Property Completion

Projects Attributable GFA (s.m)

Key completion in 1H14

Suzhou Times City 151,500

Wuxi Times City 132,000

Chengdu Times Town 47,300

Chongqing The Thorne 45,000

Hangzhou Greentown Zhijiang No.1 34,900

Projected key completion in 2H14

Changzhou Times Palace 340,400

Changzhou Feng Huang Hu 146,800

Chongqing IFS 91,900

Wuxi Xiyuan (Lot 71) 84,600

Chengdu Times Town 82,800

Wuxi Old Canal (Lot 73) 82,400

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China New Projects for Sale in 2H 2014

Projects City Ownership

Shanghai South Station Shanghai 27%

Feng Huang Site 03 Project (Huang He Lu and Feng Xiang Lu)

Changzhou 100%

Dalian Buxiuxiang Dalian 60%

天津市海河地塊項目 Tianjin 50%

寧波江北區天水家園以北地塊項目 Ningbo 100%

Shanghai Pudong Huangpujiang Project Shanghai 100%

上海浦東周浦鎭地塊項目 Shanghai 100%

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THANK YOU

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End of Presentation The Wharf (Holdings) Limited [HKEx Stock Code: 0004.HK] Disclaimer

All information and data are provided for information purposes only. All opinions included herein constitute Wharf’s judgment as of the date hereof and are subject to change without notice. The Group, its subsidiaries and affiliates hereby disclaim (i) all express, implied, and statutory warranties of any kind to user and/or any third party including warranties as to accuracy, timeliness, completeness, or fitness for any particular purpose; and (ii) any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information and data contained herein.

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