Swire Properties Limited announced that Mr. Guy Martin Coutts BRADLEY ("Mr. Bradley"), a director and currently the chief executive of Swire Properties will become a director of Swire Pacific and Cathay Pacific and will succeed Mr. Swire as a chairman of Swire Pacific and Swire Properties. Mr. Bradley will cease to be the chief executive of Swire Properties. Mr. Timothy Joseph BLACKBURN ("Mr. Blackburn"), the chief executive officer, Chinese mainland of Swire Properties, will become a director and the chief executive of Swire Properties.