Review of Operations Investment Properties – Hong Kong Offices Overview The completed office portfolio in Hong Kong comprises an aggregate of 10.0 million square feet of space on a 100% basis. Total attributable gross rental income from our office properties in Hong Kong was HK$2,933 million in the first half of 2023. At 30th June 2023, our office properties, completed and under development, in Hong Kong were valued at HK$186,547 million. Of this amount, the Group’s attributable interest was HK$176,959 million. Hong Kong Office Portfolio GFA (sq. ft.) Occupancy Attributable (100% Basis) (at 30th June 2023) Interest Pacific Place 2,186,433 97% 100% Taikoo Place – One Island East and One Taikoo Place 2,550,379 97% 100% Taikoo Place – Two Taikoo Place 994,545 56% 100% (1) Taikoo Place – Other Office Towers 3,136,717 93% 50%/100% (2) Others 1,158,595 85% 26.67%/50%/100% Total 10,026,669 (1) Including PCCW Tower, of which the Group owns 50%. (2) Others comprise One Citygate (26.67% owned), Berkshire House (50% owned), SPACES.8QRE (wholly-owned), Five Pacific Place (wholly-owned and formerly known as 28 Hennessy Road) and South Island Place (50% owned). Gross rental income from the Hong Kong office portfolio in the first half of 2023 was HK$2,778 million, a decrease of 2% from the same period in 2022. Demand remains subdued reflecting continued economic uncertainty. The office market was weak given increased availability (due to vacancy and new supply). However, our office portfolio was resilient. Leasing activity has picked up since the reopening of the border, with increased inspections. We believe that tenants value our amenity provision as well as our commitment to sustainability and to the wellbeing of occupants. At 30th June 2023, the office portfolio was 90% let. Excluding Two Taikoo Place (which was completed in September 2022), the office portfolio was 94% let. The chart below shows the mix of tenants of the office properties by the principal nature of their businesses (based on internal classifications) as a percentage of the office area at 30th June 2023. Office Area by Tenants’ Businesses (At 30th June 2023) Professional services (Accounting/ Real estate/Construction/ Banking/Finance/ Legal/Management consulting/ Property development/ Securities/ Corporate secretarial) Architecture Investment Trading Insurance Advertising and public relations Technology/Media/ Others Telecoms 24 Swire Properties Limited Interim Report 2023