Swire Pacific : Appointment of Independent Non-Executive Director

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SWIRE PACIFIC LIMITED

太古股份有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Codes: 00019 and 00087)

Appointment of Independent Non-Executive Director

The Board of Directors (the "Board") of Swire Pacific Limited ("Swire Pacific" or the "Company") announces that Ms. MA Xuezheng (Mary) has been appointed as an Independent Non-Executive Director of the Company with effect from 1st August 2019.

Ms. MA Xuezheng (Mary), aged 66, is Founding Partner and Senior Adviser of Boyu Capital Advisory Co. Limited, an Independent Non-Executive Director of Hong Kong Exchanges and Clearing Limited and Lenovo Group Limited, a Non-Executive Director of Unilever N.V. and Unilever PLC, and an Independent Director of Schneider Electric SE. She was formerly a Non-Executive Director of the Securities and Futures Commission of Hong Kong. Ms. Ma graduated from Capital Normal University, China in 1976 with a Bachelor of Arts degree.

In accordance with the Company's Articles of Association, Ms. MA Xuezheng (Mary) will hold office as a Director until the annual general meeting to be held in 2020 and will then be eligible for election; thereafter she will retire at the third annual general meeting following her election by ordinary resolution and will be eligible for re- election. She has entered into a letter of appointment, which constitutes a service contract, with the Company for a term expiring on the date of the annual general meeting at which she will retire, which will be renewed for a term of three years upon each election or re-election.

Ms. MA Xuezheng (Mary) is entitled to the director's fee determined by the Board, currently fixed at the level of HK$690,000 per annum.

Ms. MA Xuezheng (Mary) does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in the shares of the Company.

Save as disclosed above, Ms. MA Xuezheng (Mary) does not have any relationship with any Director or the senior management of the Company or with any substantial or controlling shareholder of the Company.

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Save as disclosed above, there is no other information relating to Ms. MA Xuezheng (Mary) to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there is no other matter which needs to be brought to the attention of the shareholders of the Company.

As at the date of this announcement, the Directors of the Company are:

Executive Directors: M.B. Swire (Chairman), I.K.L. Chu, D.P. Cogman, M.M.S. Low;

Non-Executive Directors: M. Cubbon, S.C. Swire; and

Independent Non-Executive Directors: P.K. Etchells, T.G. Freshwater, C. Lee, R.W.M. Lee and G.R.H. Orr.

By Order of the Board

SWIRE PACIFIC LIMITED

太古股份有限公司

David Fu

Company Secretary

Hong Kong, 8th July 2019

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