Resignation of Board Director

Mr. Philip Chen Nan Lok, Director of John Swire & Sons (H.K.) Ltd., Chairman of John Swire & Sons (China) Ltd., Executive Director of Swire Pacific Ltd., Deputy Chairman and Non-Executive Director of Cathay Pacific Airways Ltd., has decided to leave the Swire group at the end of June 2010. Mr. Chen joined the Swire group in 1977 and in addition to Hong Kong has worked with the group in Mainland China and elsewhere in the Asia Pacific region. Mr. Chen has been a director of the Swire group in Hong Kong since 1998. He has expressed his desire to pursue other interests.

Mr. Chen said, "It has been a most difficult decision, as I am leaving a group I have served for 33 years, since graduation from University."

"I am very grateful for the trust, support and opportunities given to me over the years. I am fortunate to have been able to work with such a great team in an internationally renowned group. I am confident that the Swire group will go from strength to strength and I wish it every success in the years to come," he added.

The Board of John Swire & Sons (H.K.) Ltd. would like to express its appreciation to Mr. Chen for his long and dedicated service to the group, and in particular for his contributions and counsel as a member of the Board over the last 12 years.

Mr. Christopher Pratt, Chairman of John Swire & Sons (H.K.) Ltd., said, "Philip has been a valued member of the group and has contributed much to its success, particularly in the group's aviation business. We are sad to see him go and wish him all the best in the future."