Integrated Business Platform Expansion

Financial Overview: Capital Structure (2/2) Credit ratings Rating agencies Category Ratings Outlook Fitch Corporate & bond ratings BB+ Positive S&P Corporate & bond ratings BB+ Stable Moody's Corporate & bond ratings Ba2 Positive Weighted average borrowing cost Initiated ratings of BB+ in May 2014, Outlook upgraded to Positive in Jan 2015 S&P upgraded corporate ratings from BB to BB+ and bond ratings from BB- to BB+ in 2014 Moody's had upgraded Country Garden's rating to Ba2 (Positive) in Jan 7th, 2015 Notes issued and other main financing activities in 2014 Type 12% Issuance Date Size Coupon and interest rate Maturity (year) 9.56% 9.20% 10% 8.54% 8.16% 7.60% 8% Private placement June 2014 250 (US$ Mn) 7.500% 5 30 6% Senior notes May 2014 4% 550 (US$ Mn) 7.875% 5 2% Club Loan 0% December 2014 4.5 HIBOR/LIBOR 4 (HKD$ bn) + 3.7% 2010 2011 2012 2013 2014 Lower interest cost in 2014 due to early redemption of 11.25% senior notes due 2017 and obtainment of our first club loan. STANDARD S&P upgraded Country Garden's rating to BB+ on July 28, 2014 & POOR'S MOODY'S Moody's upgraded Country Garden's rating outlook to positive on Jan 7, 2015 Fitch Ratings Fitch upgraded Country Garden's rating outlook to positive on Jan 23, 2015 6

View entire presentation