MANAGEMENT DISCUSSION & ANALYSIS REVIEW OF OPERATIONS HONG KONG CHINESE MAINLAND U.S.A. Taikoo Place One Taikoo Place Oxford House Taikoo Hui Taikoo Hui Towers 1 & 2 Taikoo Li Taikoo Li Brickell City Centre 1,013,368 sf 501,253 sf 1,693,125 sf Sanlitun North and Cityplaza One Island East GUANGZHOU Sanlitun 552,532 sf MIAMI, FLORIDA PCCW Tower Berkshire 1,537,615 sf* Mandarin Oriental, 613,679 sf House Guangzhou BEIJING Dorset House 388,838 sf 509,434 sf Taikoo Li Sanlitun West 601,723 sf Serviced Apartments 293,405 sf Brickell City Centre Lincoln House 50,376 sf (Shopping Mall) 333,529 sf 496,508 sf EAST Future Residences Development 75,068 sf The Opposite House ~523,000 sf r Tai Koo Station 169,463 sf o d i r r o C n r e t Two Brickell City Centre** s a E d n a l s I T i a n h e d E a a o s R t d g R a n o i a o h d R S o n o k u i EAST Hong Kong t a i T Taikoo Hui l Tianhe Road n a W 199,633 sf (Shopping Mall) S t e s e t l e a Shipaiqiao Station r n t d S s 1,529,392 sf i R o o a H d Cityplaza n a M P i a m i (Shopping Mall) R i v Taikoo Li e King’s Road 1,096,898 sf r Quarry Bay Sanlitun South M i a m th th i R i v e * Including the 45 to 54 floors t r s 1 Station 776,909 sf W th S e (except for the 49 floor) Devon House Cambridge House Two Taikoo Place u n e v disposed of. 803,452 sf 268,795 sf 994,545 sf HKRI Taikoo Hui HKRI Taikoo Hui HKRI Centre 1 A S E (Shopping Mall) 1,178,493 sf 5 Metrorail t h S t r e 1,039,407 sf Brickell Station e and ZHANGYUAN S t E 6 t The Middle House h S t r e HKRI Centre 2 S e SHANGHAI Residences W t 8 t 722,345 sf h The Silveri One Citygate Novotel Citygate Hong Kong 147,323 sf Taikoo Li Chengdu The Temple House S t Taikoo Li r e e e t Hong Kong – 160,522 sf 236,758 sf (Shopping Centre) 299,941 sf u Citygate n e v A S i E m a MGallery The Sukhothai 1,314,237 sf i 7 M t Chengdu h h t u S o t 131,965 sf S r The Middle Shanghai e e S t 328,625 sf CHENGDU W House 9 t Future h Metromover 247,958 sf d S a t o r Development d R e Eighth Street i e a s i a o c t z a a R D l P l Station l ~1,510,000 sf g e k c n i i r j B n a N t s e North Lantau Highway W dao T R ia a t T u h n i g R o e a d W # West Nanjing EAST Miami Three Brickell City Centre** Shimenyi Road Road Station g n u h C g n u M T e ^ i T ^ u n n io t a t g S ZHANGYUAN, with gross floor area of S ZHANGYUAN t r e e t Citygate Outlets 1,630,820 sf (including car parking spaces), ** Two Brickell City Centre and Three Brickell City Centre were sold in 2020. 803,582 sf is operated and managed by a joint venture The office towers are now managed by Swire Properties. which is 60% owned by Swire Properties. # EAST Miami was sold in 2021. The hotel and serviced apartments are still managed by Swire Hotels. Swire Properties does not have an West Nanjing Road Station ownership interest in the compound. Chunxi Road Station Three Pacific Place The Upper House One Conrad Hong Kong Island Shangri-La Pacific Place 627,657 sf 158,738 sf Pacific Place 555,590 sf Hong Kong STAR STUDIOS JW Marriott 863,266 sf 605,728 sf 52,273 sf Hong Kong 525,904 sf ^^ ^^ INDIGO INDIGO Phase Two – Office INDIGO Phase Two – Hotel EAST Beijing ONE INDIGO New Bund Project New Bund Project EIGHT STAR STREET (Under Development) (Under Development) 358,301 sf 589,071 sf Taikoo Li Residential Tower 1-4 Office Tower 1 & 2 8,459 sf* BEIJING 2,809,103 sf 346,803 sf Qiantan and 1,159,057 sf 1,352,228 sf SPACES. 8QRE 81,346 sf New Bund Project Taikoo Li Qiantan SHANGHAI (Shopping Centre) 1,188,727 sf H Five Pacific Place e n n e s s y R d o a d a o R o Oriental Sports a i 145,390 sf q Q n u a e i e n x s w a u y i Admiralty INDIGO Phase Two – Retail J Center Station Notes: d Six Pacific Place Station ^^ a (Under Development) New Bund Project is under o Gross floor area figures are shown on a 100% basis. R ^^ ~223,303 sf Three Pacific Place Pacific Place PACIFIC PLACE Two u New Bund Project 889,608 sf y * Floor area shown including the INDIGO development by a joint venture g d These diagrams are not to scale and are for illustration purposes only. n a o R Jiangtai Station t s Pedestrian Link (Shopping Mall) APARTMENTS Pacific Place o e W i Retail s g n D a gross floor area of remaining (Below Ground) 711,182 sf 443,075 sf 695,510 sf (Shopping Mall) which is 40% owned by Y 1,628,152 sf These diagrams illustrate the major developments of Swire Properties. For details of other developments, residential units of 5,608 sf. 946,769 sf Swire Properties. please refer to the Schedule of Principal Group Properties on pages 211 to 222.