Swire Pacific Limited announced that Mr. Martin CUBBON, a Non-executive Director of the Company, has indicated his intention to retire from the Board pursuant to Article 93 of the Company's Articles of Association with effect from the conclusion of the Company's 2022 annual general meeting to be held on 12th May 2022 ("2022 AGM") to devote more time to the businesses of John Swire & Sons Limited, an associated corporation of the Company. Mr. Cubbon, aged 64, has been a Director of the Company since November 2018 and previously from September 1998 to September 2017. Mr. Cubbon will remain a Director of John Swire & Sons Limited; and Mr. Timothy George FRESHWATER, an Independent Non-executive Director of the Company, has indicated his intention to retire after 14 years on the Board to give way to the next generation of directors.

Mr. Freshwater's retirement will take effect from the conclusion of the Company's 2022 AGM. Mr. Freshwater, aged 77, has been a Director of the Company since January 2008.