28 Aug 2001

Swire Finance Limited HKD5,000 Million Revolving Credit / Term Loan Facility Guaranteed by Swire Pacific Limited

Swire Pacific Limited is pleased to announce the successful conclusion of a HKD5,000 million revolving credit / term loan facility (the "Facility" ) for Swire Finance Limited, a wholly owned subsidiary of Swire Pacific Limited. The Facility is jointly arranged by BOCI Capital Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (the "Coordinating Arrangers"). Due to strong response from the banking community, the facility was over subscribed and there will be no general syndication.

The Facility is fully guaranteed by Swire Pacific Limited and will be available for drawdown on a revolving basis until thirty six months after the date of the Facility Agreement, which will then be converted into a term loan facility. The proceeds of the Facility will be used for general corporate funding requirements of the Swire Pacific group.

The composition of the bank syndicate for the Facility is as follows:

Institution		Final Allocated Underwriting Commitment & Final Allocated Participating Amount

Senior Lead Managers Bank of China, Hong Kong Branch The Hongkong and Shanghai Banking Corporation Limited Standard Chartered Bank		HK$600,000,000 HK$600,000,000 HK$600,000,000

Arrangers & Lead Managers The Bank of Tokyo-Mitsubishi, Ltd. Commerz (East Asia) Limited Hang Seng Bank Limited Industrial and Commercial Bank of China (Asia) Limited Mizuho Financial Group (DKB , IBJ) Sumitomo Mitsui Banking Corporation UFJ Group (Sanwa Bank / Tokai Bank) WestLB	Total	HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$400,000,000 HK$5,000,000,000