Swire Pacific : MONTHLY UPDATE ON (1) PROPOSAL FOR THE PRIVATISATION OF HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED BY SWIRE PACIFIC LIMITED BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 673 OF THE COMPANIES ORDINANCE AND (2) PROPOSED WITHDRAWAL OF LISTING OF HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of Swire Pacific Limited or Hong Kong Aircraft Engineering Company Limited nor is it a solicitation of any vote or approval in any jurisdiction.

SWIRE PACIFIC LIMITED	HONG KONG AIRCRAFT
太古股份有限公司	ENGINEERING COMPANY
LIMITED
香港飛機工程有限公司
(Incorporated in Hong Kong	(Incorporated in Hong Kong
with limited liability)	with limited liability)
(Stock Codes: 19 and 87)	(Stock Code: 44)

JOINT ANNOUNCEMENT

MONTHLY UPDATE ON

(1) PROPOSAL FOR THE PRIVATISATION OF HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED

BY SWIRE PACIFIC LIMITED BY WAY OF

A SCHEME OF ARRANGEMENT

UNDER SECTION 673 OF THE COMPANIES ORDINANCE

AND

(2) PROPOSED WITHDRAWAL OF LISTING OF HONG KONG AIRCRAFT ENGINEERING COMPANY LIMITED

Financial Adviser to Swire Pacific Limited

Reference is made to (i) the joint announcement issued by Swire Pacific Limited ("Swire Pacific") and Hong Kong Aircraft Engineering Company Limited ("HAECO") on 10th June 2018 (the "Announcement") in relation to, among other things, the proposed privatisation of HAECO by Swire Pacific by way of a scheme of arrangement under section 673 of the Companies Ordinance; (ii) the joint announcement of Swire Pacific and HAECO dated 29th June 2018 in relation to the extension of time for despatch of the Scheme Document; (iii) the announcement of HAECO dated 29th June 2018 in relation to the appointment of Somerley Capital Limited as the HAECO Independent Financial Adviser; (iv) the announcement of HAECO dated 1st July 2018 in relation to the resignation of Mr. John Robert SLOSAR as Chairman of the Board and an Executive Director of HAECO, the election of Mr. Merlin Bingham SWIRE as Chairman of the Board of HAECO in place of Mr. John Robert SLOSAR and the re-designation of Mr. Merlin Bingham SWIRE from a Non-Executive Director to an Executive Director of HAECO, all with effect from 1st July 2018; and (v) the joint announcement of Swire Pacific and HAECO dated 27th July 2018 providing a monthly update on the status and progress in connection with the Proposal and the Scheme. Unless otherwise defined herein, capitalised terms used herein shall have the same meanings ascribed to them in the Announcement.

The board of directors of Swire Pacific and the board of directors of HAECO would like to update Swire Pacific Shareholders, HAECO Shareholders and potential investors that HAECO is listed for a hearing at the High Court on 10th September 2018 for it to issue its directions for convening the Court Meeting to consider and, if thought fit, to approve the Scheme (the "Court Hearing"). Swire Pacific and HAECO are in the course of finalising the information to be included in the Scheme Document and HAECO is in the course of preparing for the Court Hearing.

Further announcement(s) will be made by Swire Pacific and/or HAECO in accordance with the Listing Rules and the Takeovers Code (as the case may be) on the status and progress in connection with the Proposal and the Scheme and the despatch of the Scheme Document as and when appropriate.

WARNING

Swire Pacific Shareholders, HAECO Shareholders and potential investors should be aware that the Proposal is subject to the Conditions being fulfilled or waived, as applicable, and therefore the Proposal may or may not be implemented. Swire Pacific Shareholders, HAECO Shareholders and potential investors should therefore exercise caution when dealing in the securities of Swire Pacific or HAECO. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.

Directors

As at the date of this announcement, the directors of Swire Pacific are:

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

Non-Executive Director: 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.

The directors of Swire Pacific jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than any information relating to HAECO) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement (other than those expressed by HAECO) have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.

As at the date of this announcement, the directors of HAECO are:

Executive Directors: M.B. Swire (Chairman), W.E.J. Barrington, C.P. Gibbs, R.J. Sharpe, A.K.W. Tang;

Non-Executive Director: G.T.F. Hughes; and

Independent Non-Executive Directors: B.Y.C. Cha, Y.K. Leung, J.L. Lewis and P.P.W. Tse.

The directors of HAECO jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than any information relating to Swire Pacific) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement (other than those expressed by Swire Pacific) have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.

By Order of the Board	By Order of the Board
Hong Kong Aircraft Engineering
Swire Pacific Limited	Company Limited
太古股份有限公司	香港飛機工程有限公司
David Fu	David Fu
Company Secretary	Company Secretary
Hong Kong, 27th August 2018	Hong Kong, 27th August 2018
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