Investor Presentaiton

Balance Sheet Management NAV movement (US$m) and NAV per share (US$) • NAV per share down 4% • Underlying earnings per share up 2% • $0.16 per share paid for 2022 final dividend Investment Properties valuation reduction due to decline in HK office spot rents and slight cap expansion Exchange translation differences mainly from lower RMB value 33,303 | Financial Highlights | 2023 Half-Year Results 422 (356) (755) (55) (409) (17) 32,133 NAV at 31 Underlying Dividends Valuation Dec 2022 Earnings paid deficit Share Exchange Other NAV at 30 repurchases differences movements Jun 2023 NAV per share (US$) 14.95 0.19 (0.16) (0.34) 0.06 (0.18) (0.01) 14.51 25

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