TAIKOO SHING BENEFICIAL OWNERS.

Subsidiaries of Swire Properties Ltd.

Beneficial Owner

Property

1.

Coventry Estates Limited

2.

Swire Sirius (Stage III) Limited

Shops and carparks in Stages I, II, IV, V, VI, VII, VIII, IXA, IVB and X.

Shops, school and carparks in Stage III.

Cityplaza 1 and Mount Parker House.

3.

Quarry Bay Developments Limited

4.

Taikoo Shing Developments Limited

4

Unsold flats in Horizon Gardens (Stage XI) and sites undeveloped.

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