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9 (00045) %

10 % %* % %** % % % % % * 100% ** % 50%

11 ,058, % , % , % 21 avenue Kléber ( , % , % The Landmark ,903 70%** ** The Landmark 50%

12 % %** % % 2003 : 100% % 100% 50% 70% ** % 50%

13

14

15 (Bosphorus) (Topkapi Palace)

16 , (The Peninsula Tokyo Rally Nippon 2017)

17 avenue Kléber

18 (Digital Transformation with a Human Touch)

19 ,782 5,631 3% 1,422 1,288 10% % 1, % % * % % % ** 2.5x 2.2x 14% 10.6x 8.6x 23% 11.9x 13.8x (14%) 2.2% 2.1% 0.1pp 48,520 45,870 6% 38,175 36,359 5% # 41,725 39,711 5% % # % 5,521 4,911 12% ## 21% 22% (1pp) 14% 14% 13% 12% 1pp 1,369 1,312 4% 21 avenue Kléber (349) (737) (53%) (252) (263) (4%) (1,053) (1,419) (26%) * ** # ## pp

20 % -1.4% 1, % +5.3pp 1,784, % -5.1% -10.9% pp +1.5pp 21.3% 22.2% *

21 EBITDA 10% 11% 1,422 1,583 25% % Grosvenor Place Sky Terrace % 5,782 6,313 75% % 4, % 2017 Sky Terrace ,712 2, , ,870 (2) (6,996) (16) (652) (1,630) 36,574 5,005 32,111 (757) 36, , ,422 (53) (153) (1,654) (203) (125) (314) 2,087 3 (130) (2) , * 1,660 * 1,922 3 (255) (7) 1, , (4,360) 1,422 (503) 919 (87) 832 (97) (24) 609 (168) 3 1, ,111 1,155 (298) (66) , ,355 2, , ,520 (7) (7,436) (4) (659) (1,712) 38,702 5,224 32, , , ,155 (354) % % % The Landmark 57

22 a) 1 75% 72% 73% 75% 72% 79% 74% 70% 57% 71% 4,875 4,843 4,760 5,144 5,170 5,133 4,503 4,197 4,176 4,504 3,659 3,473 3,477 3,870 3,731 4,072 3,347 2,926 2,401 3, % 67% 70% 65% 66% 63% 57% 58% 48% 57% 2,661 2,599 2,265 2,146 2,065 2,179 2,156 2,100 1,904 2,237 1,802 1,753 1,581 1,390 1,361 1,367 1,221 1, ,284 70% 71% 68% 74% 74% 72% 69% 65% 59% 68% 5,861 5,625 5,807 5,471 4,858 4,627 4,550 4,403 4,292 4,936 4,130 3,993 3,962 4,059 3,573 3,346 3,135 2,856 2,511 3,378 b) % 91% 93% 85% 89% 92% 91% 92% 88% 94% c) % 93% 95% 97% 99% 99% 97% 96% 95% 97% d) % 100% 99% 97% 92% 96% 100% 98% 91% 98% e) 6,179 6,259 6,359 6,325 6,272 5,918 5,777 5,385 4,862 5, f) ,123 6,121 6,201 6,308 5,878 5,617 5,475 5,444 5,489 5, , ,318 1,317 1,325 1,260 1,224 1, ,056 7,534 7,474 7,882 7,987 7,550 7,210 7,022 6,955 6,826 6, The Landmark21 avenue Kléber 1-5 Grosvenor Place 4.

23 ,782 5,631 5,741 5,838 5,508 5,178 5,009 4,707 4,218 4,938 1,422 1,288 1,440 1,528 1,306 1,201 1,211 1, , ,014 1, ,051 1, ,000 1,146 1,712 1,555 2,259 3,008 2,660 (27) (0.02) * x 2.2x 2.3x 2.8x 2.1x 2.1x 2.2x 2.3x 2.4x 3.3x 10.6x 8.6x 14.9x 16.7x 9.7x 9.6x 9.5x 7.4x 6.8x 15.5x 11.9x 13.8x 21.2x 25.5x 11.5x 16.9x 13.8x 9.9x 7.5x 14.3x 2.2% 2.1% 2.2% 2.3% 2.9% 3.2% 3.1% 3.2% 3.2% 3.4% 48,520 45,870 45,089 43,982 43,144 39,807 38,233 36,587 32,872 29,606 (9,818) (9,296) (8,429) (7,831) (7,770) (6,368) (6,490) (6,498) (5,817) (5,215) (527) (215) (233) (250) (269) (289) (283) (981) (908) (934) 38,175 36,359 36,427 35,901 35,105 33,150 31,460 29,108 26,147 23,457 41,725 39,711 39,627 39,496 38,486 36,396 34,708 31,893 28,571 26, (5,521) (4,911) (3,273) (3,004) (3,992) (1,989) (2,335) (1,674) (1,990) (1,198) 21% 22% 35% 44% 28% 48% 42% 52% 33% 92% 14% 14% 9% 8% 11% 6% 7% 6% 8% 5% 13% 12% 8% 8% 10% 6% 7% 5% 7% 5% 1,369 1,312 1,444 1,589 1,401 1,133 1,145 1, ,429 (601) (1,000) (476) (370) (928) (875) (312) (276) (269) (417) (1,053) (1,419) (916) (39) (2,293) (578) (1,157) *

24

25 (James Taggart) (Digital Transformation with a Human Touch)

26 (Bosphorus)

27

28

29 % 1,583 71% 1, % %

30 ,298 0% 0% % 78% 698 1% 1% 568 4% 4% 826 3% 5% 253 8% 2% 235 9% 3% 603* 1% 2% 627 1% 1% 521 8% 4% *

31

32 ,298 0% +3pp +1% +5%

33 % 17 M+ 15,000 30, (Travel + Leisure) % 2018

34 The Ethical Corporation (Techeetah) 2017

35 % -1pp +3% +1% %

36 JING 1980 (BREEAM) 2018 LED % * +414% * +27pp * +63% * +217% * *

37 % +1pp +2% +4% % 48%41% (The Peninsula Tokyo Rally Nippon 2017 A Peninsula Signature Event)

38 , % -1pp +7% +5%

39 (Bang Pu) % % 50%

40 , % -2pp -5% -8%

41 % 0pp +2% +1% Kitchen Table at Clement Clement (Salon de Ning) Frieze Frame Circa Frieze New York 30

42 % 4% Condé Nast Traveler Bon Appetit (Keys to the City) Yabu Pushelberg % +1pp +3% +4%

43 % -1pp +3% +2% 2017 Global Traveler 1993AAA 8 Reflections on Hollywood (BAFTA) A Place Called Home

44 % -3pp +9% +4% %9% L Oiseau Blanc (ATOUT) 2017EarthCheck (le Bal)

45 % +4% % +10% 53 +2% +2% The Landmark 39 +3% +4% 1-5 Grosvenor Place 13-62% -59%

46 Breeze Bar % % 11Jaime Ruiz

47 The Landmark ,000 4% The Landmark Grosvenor Place avenue Kléber avenue Kléber (BREEAM)HQE 2018

48 % +7% 61 +9% +4% % +10% 6-91% -91% % +11% % +10%

49

50 % (OTA) 2017 Edgar s Covey s (The Quail Motorcycle Gathering) ,000 8 The Quail A Motorsports Gathering 5,0008 (The Peninsula Classics Best of the Best Award) 2017

51 Butterfield s2017 Butterfield s The Refinery %2017 MARKies 10% 55

52 (Belgravia) 1-5 Grosvenor Place 50% % Grosvenor (Hyde Park Corner) (Wellington Arch)

53 Doğuș Holding BLG 50% % (Bosphorus) (Bosphorus) Galataport

54 (Yoma Strategic Holdings) 70% Yoma Central Landmark Development Yoma Central

55 , %2020

56

57 (WTTC) 10 GDP

58 ,725 +5% % 41, ,175 36,359 3,876 3,815 (326) (463) 3,550 3,352 41,725 39, % 1,

59 %(a) (b) / , (628) (87) (1) (1) % * % *

60 / ,782 5,631 3% (4,360) (4,343) 1,422 1,288 10% (503) (464) 8% (87) (96) (9%) * (97) 20 ** (24) (25) (4%) ,000% Δ (168) (85) 98% 1, % 3 8 (63%) 1, % * (i) 20 (ii) ** 20%20%

61 % 5,782 6, % 5,782 +3% 4,189 +4% / , * 4,720 4, * 4,559 4% % (1%) 5, ,313 5, ,150 3% / ,626 2,626 2,615 2,615 1, * 1,958 1, * 1,825 7% 1, ,729 1, ,710 1% 5, ,313 5, ,150 3% % 650-1% 7,000 6,000 5,000 4,000 3,000 2,000 1, * 7,000 6,000 5,000 4,000 3,000 2,000 1,

62 % % (78%) , ,343 1% 2,13549% %37% % (EBITDA) EBITDA 11% 1, ,000 1,200 1,400 1,600 1,800 4,360

63 / * * % % % 1, ,583 1, ,426 11% * EBITDA / ,169 1,169 1,095 1,095 7% * * % (5%) 1, ,583 1, ,426 11% * EBITDA % 30%* 19% 16% 27%* 17% 59% 59% 55% 55% 20% 20% 18% 18% 25% 30% 25% 23% 27% 23% 45% 45% 42% 42% 10% 39%* 15% 6% 34%* 11% 6% 19% 7% 7% 17% 8% * EBITDA

64 % Grosvenor Place The Landmark

65 % (a) 20 (b) %

66 , / ,355 40,712 6% 2,356 2,223 6% 1,922 2,087 (8%) % 48,520 45,870 6% (7,443) (6,998) 6% (2,375) (2,298) 3% (9,818) (9,296) 6% 38,702 36,574 6% 38,175 36,359 5% % 38,702 36,574 6%

67 % * 100% 12,142 9,931 12,031 9, % 2,366 1,710 2,378 1, %** 1,814 1,777 1,716 1, % 1,640 1,468 1,567 1, % 1,331 1,225 1,331 1,268 50% % # 50% 3,207 2,808 4,556 4,256 # 20% 5,861 5,534 5,220 5,017 # 20% 2, , ,797 25,722 32,184 26, % 17,362 17,362 16,930 16, % 1,422 1,422 1,362 1, % 1,142 1,142 1,027 1, % avenue Kléber 100% Grosvenor Place ΔΔ 100% 2,583 2,583 The Landmark 70% Δ ,152 21,152 22,591 22,591 50% % % % ,342 1,202 1,252 1,137 ΔΔ 100% 3,640 3,640 70% # 50% ,398 4, ,689 52,474 56,159 50,178 * ** 100% 2033 Δ The Landmark 50% 2026 ΔΔ Grosvenor Place 50%2016Grosvenor 50% #

68 % 100% % : , ,223 50% 20% 50% , ,0877, , ,422 1,288 (53) 24 (153) (136) 1,216 1,176 (601) (1,000) Grosvenor Place (1,288) (423) (630) (131) (438) (1,243)

69 , , , avenue Kléber , ,000 7,000 6,000 5,000 4,000 3,000 2,000 1,

70 % 12% 10% 8% 6% 4% 2% ,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, ,000 8,000 60% 50% 40% 30% 20% 10% , ,998 1, , ,911 5,521 13% 22% 21% ,306 2, ,443 6,998 * (50%) (20%) (20%) ,340 1,560 3,306 3,384 1, ,783 8,558 6,000 4,000 2,000 0 *

71 % % % % 2.1% 2.2% 70% 65% 60% 55% 50% 45% 40% , ,075 1, , % 55%

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77 avenue Kléber 78 79

78 The Landmark (James Taggart)

79 76 34%

80 peninsulaboutique.com

81 78 21 avenue Kléber (avenue Kléber) COBA Carlos Dos Santos (Noyant) 21 avenue Kléber 21 avenue Kléber1900 (Noyant)

82 Ateliers Stuc et Staff Jean-François Bequet HQE BREEAM

83 (WTTC) 2017 GDP 10% GDP %7 2018

84 (IoT)

85 (Kaleidoscope) (Sleep is the new status symbol) (Peninsula Wellness) 2017 (WTTC)

86 (Global Purpose Survey) 5

87

88 % ( 2020

89

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92 88

93

94 90

95 CAP Atelier

96 92

97 Microsoft Yammer Microsoft Teams

98 94 (Mary) Mary 4 Mary

99 95 Mary (Sam) Jing

100 96 (James) Fe Licup Alfredo Navalta 23 Michael Esquivel 40

101 97 (Annie)

102 98 Andrew Taylor (Jenny) Jenny 2014

103 99 (Digital Transformation with a Human Touch) 200

104 100 (Kaleidoscope) 10 3

105 101

106 102 30

107 ,000 90%

108 104 Silangan Gardens Pinto Art Museum Elmer Borlongan Geraldine Javer Mark Justiniani Ronald Ventura Alfredo Esquillo Winner Jumalon Belvedere Robert Indiana Alex Katz Sean Scully Fabienne Verdier Nancy Graves Josef Albers 3 Tracey Emin Richard Wilson Conrad Shawcross Jaime Ruiz 6 x5

109 105

110 106 (Gaddi s) 50Leo Gaddi Felix (Felix Bieger)Clement (Clement Kwok) Peter (Peter Borer)

111 (Culinary Institute of America) (James Overbaugh) 2018

112 Gareth Roberts

113 Florian Trento

114 MerComm. Inc. MerComm. Inc. MerComm. Inc. MerComm. Inc. MerComm. Inc. MerComm. Inc. LinkedIn Luxury Travel DestinAsian 2018 AsiaSpa Margie s

115 Best of Best Condé Nast Traveler Southside Magazine The Landmark Stefan Leitner MARKies Awards 2017 Marketing

116

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119 本人相信, 我們能夠為股東創造持續價值 吸引並挽留人才, 主要有賴我們對高標準企業管治的不懈努力和孜孜不倦的追求

120

121 118 A E N F R N E GBS, LL.D. (Hon), DSc (Hon), Commandeur de la Légion d Honneur, Commandeur de l Ordre des Arts et des Lettres, Commandeur de l Ordre de la Couronne, Commandeur de l Ordre de Leopold II A R E F E F Chevalier de la Légion d Honneur

122 Ecole hôtelière de Lausanne 64 F Griffith E F

123 N GBM, GBS, OBE, JP, MA Cantab. (Economics & Law), Hon. LLD (Cantab), Hon. DSc. (Imperial), Hon. LLD (Warwick), Hon. DBA (Edinburgh Napier), Hon. D.Hum. Litt. (Trinity, USA), Hon. LLD (Hong Kong), Hon. DSocSc (Lingnan), Hon. DLitt (Macquarie), Hon. DSocSc (CUHK), FCA, FCPA, FCPA (Aust.), FCIB, FHKIB, FBCS, CITP, FCIArb, Officier de l Ordre de la Couronne, Grand Officer of the Order of the Star of Italian Solidarity, The Order of the Rising Sun, Gold Rays with Neck Ribbon, Commandeur dans l Ordre National de la Légion d Honneur CBE A R Chevalier dans l Ordre National de la Légion d Honneur SGS 70 SBS, OBE, JP N Singapore Airlines Limited

124 DBE, JP R Mars, Incorporated OBE (Marks & Spencer plc)1990 Pringle of Scotland Aquascutum 3i Agent ProvocateurNatalie Massenet Net-a-PorterThe Edrington Group Limited Winser London Limited (OBE)Heriot-Watt 59 A YangTse Foundation

125 122 Maria Razumich-Zec

126 Maria Razumich-Zec Mark Choon Kai Lermen Offer Nissenbaum Sonja Vodusek

127

128

129 < > <4 5-9 >

130 * 5 3 ** * **

131

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133 130 * *

134

135

136 (2) (3) (3) (3) (4) (1) (1) A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C A,B,C (1) (2) (3) (4) (A) (B) (C)

137 134 HSH

138

139 (i) (ii) (iii)

140 ,816 (%) (%) , , , ,001 10, ,661, , , ,356, , , ,942, , ,558,848, , ,589,031, % 59.29% % %

141 (%) 99.99% % 89.78% 99.99% 99.97% 88.02% 99.87% 88.03% ir@hshgroup.com

142 peninsula.com Michael Craig-Martin 2017 Bright Idea LinkedIn Glassdoor Yammer Yammer 93 98

143 (WTTC) (International Luxury Travel Market) 21 avenue Kléber (BREEAM) (Business for Social Responsibility) (Responsible Luxury Initiative)(Business Action for Women)(The Mekong Club) (Sustainable Seafood Coalition) (Bosphorus) 21 avenue Kléber

144

145 (i) (ii) (iii)(iv) 2017 (i) (ii)

146 ISO i ii iii

147

148 (phishing)

149

150 GRI LED BREEAM / BREEAM LED

151

152

153 , , (i) 325, ,000 (ii) 100,

154 C (6) (6) (1) (2) (3) (c) 85 (c) (4) (5) , ,881 4, (2) (2) 6,778 7,508 1, ,593 15,297 4,864 3, ,475 9,247 (1) 4,502 2, ,806 5,208 16,144 13,548 2, ,874 29,752 (1) (2) * HK$4,000,001 HK$5,000, HK$5,000,001 HK$6,000, HK$6,000,001 HK$7,000,000 1 HK$7,000,001 HK$8,000, * HK$5,500,001 HK$6,000,000 1 HK$6,000,001 HK$6,500,000 1 HK$6,500,001 HK$7,000,000 HK$7,000,001 HK$7,500, ,188 7,901 4,337 3, (1) (2) (3) (4) (5) (6) 13,614 12,982

155

156 ,967, ,407, % (i) (ii) (i) 408(ii) (i)120,000 15, ,344(ii) 1,655, , , (i) (ii) (iii) A (i) (ii) 19 3,249, ,231,658236

157 XV 352 (%) (a) 860,570, , , , , (b) 81,561, (c) 669,067, ,082, , (a) 860,570,367 (i) 191,502,715 (ii) 339,484,260 (iii) 329,583,392 (a) 860,570,367 (b) 81,561,828 81,561,82881,561,828 (c) 669,067,652 (i) 339,484,260 (ii) 329,583,

158 Manila Peninsula Hotel, Inc.77.36% XV (a) (%) Acorn Holdings Corporation 191,502, (i) Bermuda Trust Company Limited 273,064, (i) Guardian Limited 81,561, (v) Harneys Trustees Limited 669,067, (iii) Lawrencium Holdings Limited 329,583, (ii) Lawrencium Mikado Holdings Limited 339,484, (ii) The Magna Foundation 339,484, (ii) The Mikado Private Trust Company Limited 669,067, (ii) The Oak Private Trust Company Limited 81,561, (iv) Oak (Unit Trust) Holdings Limited 81,561, (i) Oak HSH Limited 81,561, (iv) Richard Parsons 81,561, (v)

159 166 (i) Bermuda Trust Company Limited Acorn Holdings Corporation Oak (Unit Trust) Holdings Limited The Oak Private Trust Company Limited Bermuda Trust Company Limited (ii) The Mikado Private Trust Company Limited Lawrencium Holdings Limited Lawrencium Mikado Holdings Limited The Magna FoundationLawrencium Mikado Holdings Limited The Mikado Private Trust Company Limited (iii) Harneys Trustees LimitedThe Mikado Private Trust Company Limited (iv) The Oak Private Trust Company Limited Oak HSH Limited (v) Richard Parsons Guardian LimitedGuardian Limited Guardian Limited 81,561,828 Richard Parsons (b) (%) 190,702, (i) Chua Lee Holdings Limited 190,702, (i) 183,552, (i) 183,552, (i) 78,402, (ii) 78,402, (ii) 78,402, (ii) (i) Chua Lee Holdings Limited Chua Lee Holdings Limited Satinu Resources Group Ltd. Songbird SG Pte. Ltd. 183,552,272 Songbird SG Pte. Ltd (ii) 78,402,

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161 168

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167

168 ,782 5,631 (433) (428) (2,135) (2,108) (548) (527) (1,244) (1,280) 1,422 1,288 (503) (464) (109) (133) (87) (96) (97) (24) (25) 12(b) , (172) (139) , , (3) (8) 1,

169 , (572) 89 (63) 84 (21) 62 (16) 746 (672) (8) (2) (652) (1) (652) 1, , (13) 1,

170 ,249 33,896 7,106 6, ,355 40, ,055 1, (b) ,711 42, (b) (a) 1,922 2,087 2,809 2, (1,424) (1,359) 23 (3,391) (2) 17 (4) (7) 18(a) (41) (26) (4,860) (1,394) (2,051) 1,541 43,660 44, (4,052) (6,996) 22 (230) (229) 26(a) (17) (16) 17 (9) 18(b) (659) (652) (4,958) (7,902) 38,702 36, ,224 5,005 32,951 31,354 38,175 36, ,702 36,

171 ,808 (47) (63) 31,729 36, , (8) (667) (647) (5) (652) 20 (667) (13) (231) (76) (76) (62) (20) (20) (5) (5) ,005 (27) (730) 32,111 36, , ,155 1,155 (3) 1, ,155 1, , (235) (70) (70) (63) (9) (9) (5) (5) (d) 70 (66) ,224 (15) 64 32,902 38, ,

172 (a) (22) (37) ,422 1,288 (53) 24 1,369 1,312 (142) (137) (11) 1 1,216 1,176 (1,654) (1,131) 1-5 Grosvenor Place (1,288) (44) (161) (1,615) (2,517) (53) 3 (125) 2,016 (140) (138) (79) (96) (5) (5) 85 2,569 (314) 1, , (41) (a) 1,660 1,

173 ,155 13, ,451 13,699 (696) (473) (25) (22) (721) (495) 13,730 13, ,224 5,005 25(a) 8,506 8,199 13,730 13,

174 ,912 1,812 1,246 1, ,189 4, ,782 5,631

175 (22) (37) (1,229) (1,282) * (48) (3) * % %

176 (a) (a) (1) (5) (16) (21) 13 (32) (1) (1) (4) (54) % % (b) , % % (6) (12) 20 1 (113) (9) 9 (13) (28) 1 1 (2) (1) (3) (12)

177 ,881 4,703 16,144 22,523 14,262 25,021 13,548 8,008 12,566 7,859 2,641 2,137 2,333 2, ,114 37,755 33,613 34,455 36, (572) (572) (63) (63) (21) (21) (16) (16) (672) (672) (10) 2 (8) (2) (2) 22 (2) (2) 22 (1) (1) (650) (2) (652)

178 (a) , ,578 1, ,567 1, ,578 1,554 (b) (a) (b)

179 (a) * 4,189 4, ,782 5, ,422 1,288 (457) (418) (10) (11) (36) (35) (503) (464) * 3

180 (b) ,250 17,868 21,417 23,087 1,079 1,009 44,746 41, ,055 1, (b) (b) (a) 1,922 2,087 48,520 45,870 (c) (i)(ii) ,626 2,615 30,255 29,579 * 1,656 1,526 6,298 5,224 1,500 1,490 9,120 8,085 5,782 5,631 45,673 42,888 *

181 (a) ,508 4, ,047 31,145 1,638 45,830 2 (17) (3) (38) (56) (78) (344) (478) , ,288 2,479 (6) (262) (268) (268) (852) (107) ,965 4, ,696 31,313 2,583 47, ,965 4, ,696 13, ,313 2,583 33, ,965 4, ,696 31,313 2,583 47, ,965 4, ,696 31,313 2,583 47, ,827 (36) (36) (36) (741) (250) ,607 4, ,666 32,609 3,640 50, ,607 4, ,666 14, ,609 3,640 36, ,607 4, ,666 32,609 3,640 50, ,461 2,949 6,733 6,733 1 (29) (8) (36) (36) (6) (262) (268) (268) ,588 2,968 6,880 6, ,588 2,968 6,880 6, (35) (35) (35) ,901 3,304 7,560 7, ,706 1, ,106 32,609 3,640 43, ,377 1, ,816 31,313 2,583 40,712

182 (a) avenue Kléber 33(i) (b) * Colliers International Consultancy & Valuation (Singapore) Pte. Limited (Colliers) Colliers Colliers *

183 (c) % 6.6% % 6.6% 3.9% 4.1% % 4.6% 2.9% 3.7% % 3.8% 44 1, , (a) (d) (b)

184 (e) ,124 27,411 1,551 1,495 * 1,238 1,126 1,318 1,295 1,947 1, ,192 1,215 1,570 1, ,640 2,583 41,482 38,777 * 36,249 33,896 5,233 4,881 41,482 38,777 (f)

185 (f) Klongsan Charoennakorn Bangna-Trad Chachoengsao BangpakongChachoengsao Ayala 10 The Landmark 5B Ton Duc Thang Valley Greens 8205 Superior avenue Kléber 21 Rue de Longchamp Grosvenor Place London SW1X 7YL

186 (g) , , , ,417 3, ,192 Colliers 13. * 2 100% 2 100% 2 100% 2 100% 450, % 2 100% 2 100% 5,000, % HSH Financial Services Limited 1 100% 1,000, % 10, %

187 * Peninsula New York Hotel LLC 100% 323,500,000 Peninsula Chicago LLC 100% 57,038,089 Quail Lodge, Inc. 10, % Peninsula of Tokyo Limited % 50, %** 161,921,686 Manila Peninsula Hotel, Inc. 111,840, % Siam Chaophraya Holdings 250,000 50% Company Limited 2,000 Town and Country Sport Club 1,250,000 50% Company Limited 100 International Burotel Company Limited 6,866,667 70% # Le 21 Avenue Kléber SNC 1,801, % 1 Peninsula London, LP 1, % Peninsula Yangon Limited 19,075, % * HSH Financial Services Limited ** # International Burotel Company Limited 50% 5,0001,245, %100% % %

188 (b) ,055 1,019 (a) 117,500,000 50% PIT İstanbul Otel İşletmeciliği Anonim Şirketi (PIT)* 171,700,000 50% * PIT PIT Salıpazarı Port PIT PIT (b) 2,5002, ,5002, ,205 1, ,7741,977 2,905 3, ,8574,300

189 (c) 50% * 2,808 4, (341) (349) (2,748) (3,515) * , ** (773) (157) (368) (397) (1,141) (554) (85) (81) (95) (114) (250) (38) (195) 40 (97) 20 * **

190 (a) * 19 Holding SAS (19 Holding)** 1,000 20% Majestic EURL (Majestic) 80,000,000 20% Le 19 Avenue Kléber 100,000 20% The Belvedere Hotel 46,500,000 20% Partnership (BHP) # * ** 19 HoldingMajestic 100%Majestic # BHP100% (b) (c) (d) 19 Holding Holding Majestic220 2, , , , , ,017 BHPBHP145 1, , , ,

191 (e) 20% (243) (228) (91) (81) (120) (125) (120) (125) (24) (25) (17) (142) (130) (3) 1 (14) (13) (159) (142)

192 (4) (15) (1) (4) (16) (4) (6) (1) (4) (7) (9) 18. (a) (a) (138) (135) 22 7 (2) (4) (6)

193 (b) (25) (446) (3) 671 (11) (1) (2) (14) (112) (54) (24) (560) (1) (8) 20 (130) 5 (4) 125 (4) (28) (443) (1) (659) (652) (621) (605)

194 (b) 33(p) 1, , ,354 1, (a)

195 (d) 21. (a) ,658 1, ,922 2,087 3 (255) (130) (7) (2) 1,660 1,

196 (b) , , (22) (22) (140) (140) , , ,654 1,588 (230) (229) 1,424 1,

197 ,310 9, ,739 9, ,466 7, ,478 7,049 (35) (51) 7,443 6,998 3, , , ,599 2, ,333 4,087 7,047 (35) (51) 4,052 6,996 7,443 6, , (c)

198 ,567 5,005 1,543 4, ,589 5,224 1,567 5,

199 (a) ,975 3,048 8, (231) (231) (62) (62) ,975 3,224 8, ,975 3,224 8, (235) (235) (63) (63) ,975 3,531 8,506 (b) (d) 33(s) 33(o) 33(f) (c) , ,

200 (d) ,443 6,998 (1,922) (2,087) 5,521 4,911 1,239 1,466 6,760 6,377 38,175 36,359 43,696 41,270 44,935 42,736 13% 12% 15% 15%

201 (a) Quail Lodge, Inc. (QLI) Manila Peninsula Hotel, Inc. (MPHI) QLI QLI 3 30% QLI Bartel Associates, LLC MPHI MPHI MPHI Actuarial Society of the Philippines Actuarial Advisers, Inc MPHI 77% % (28) (30)

202 (a) (2) (7) (4) (1) (2) 4 4 (7) (4) 1 2 (1) (1)

203 (a) (1) (2) 4 4 (1) 1 (1) (1) % 6.5% 2.25% 6.5% 4% 4% % (1) 1 1% 1 (1)

204 (b) 1, ,558 13% % % 30,000 2, , (a)

205 (a) (41) (18) %

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207 (b) % % % 1, % 1,902 1,718 2, (100) (1) (100) (2) 100 (3) 100 (3) (100) 3 (100) 3 50 (1) 4 50 (1) 1 (50) 1 (50) 1 (1) (200) (200) 100 (2) (2) 15 (100) 2 (8) (100) 2 (16) (100) (1) (100) (1) 100 (1) (1) 5 (100) 1 (2) (100) 1 (5) 100 (2) (100) 2 (100) (2)

208 (b) 2016 (c) , ,4397, ,0491, , ,443 7,748 3, ,685 6,998 7, ,396 2,548 1, ,142 9,449 5, , ,628 9,049 1,457 3,539 2,629 1,424

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210 (e) (i) 13 (ii) (f)

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212 (b) (866) (939) (1,086) (1,004) (812) (920) 13,349 12,699 (2,764) (2,863) 14,021 13, (a) (HMS) ,775, , ,

213 (b) Peninsula International Investment Holdings Limited (PIIHL)50% (PSW) PSW PSW 100%PSW PSW % (c) PSW (d) % 100%25% 13 (e) PIIHL(b) Yoma Strategic Investments Limited First Myanmar Investment Co., Limited % Peninsula Yangon Limited (PYL) 30% PYL 70% PYL

214 (a) 27 (a) (b) (c) 33(i) (d)

215 (a) i) 33(f) ii) 33(d) 32 (b)

216 (b) 33(c) 33(i) (c) 33(i)

217 (d) (e) 33(i) 33(t)

218 (e) (f) 33(h) 33(r) 33(h) 33(h) 33(e) (g) 33(i) (h) 33(f)

219 (h) (i) (i) 33(c) 33(i)(ii) 33(i)(ii)

220 (i) (ii) (iii) (j) (k) 33(i) 33(i) (l)

221 (m) 33(q) (n) 3 (o)

222 (p) 33(f)

223 (q) (r)

224 (s) (t) (u) (1) i) ii) iii)

225 (u) (2) i) ii) iii) iv) v) vi) (1) vii) (1)(i) viii) (v)

226 (b) (h) (b) ,

227 ESG (ISAE) 3000ISAE 3410

228 ESG 28 32ESG

229 236 ESGGRI (1) ,804 5,668 5,797 5,903 5,554 2,102 2,134 2,142 2,168 2,164 2,135 2,108 2,063 2,052 1,951 1,827 2,479 1, , (2) ,240 1,262 1,256 1,277 1,211 1,119 7,534 7,985 8,447 8,728 8,216 % 21.3% 22.0% 22.6% 19.9% 20.3% % 41.9% 42.6% 42.8% 42.3% 41.5% (3) (3) (4) (4) 1,326 1,329 1,369 1,338 1,434 1,658 (5) 13,136 4,522 6,644 6,517 10,383 1,784 1,776 1,899 1,880 1,846 1,921 (6) 1,100 1,154 1,168 1,132 1,181 1,373 1,665 1,638 1,752 1,765 2,012 1, (7) 7,605 7,746 7,832 7,778 7,101 (7) 3,610 3,270 3,294 3,219 2,772 3,250 4,232 6,273 4,197 8,900 (8) 6,370 9,040 7,115 7,196 8,581 (9) 2,730 2,125 2,447 2,689 2,077 (1) 2 (2) (3) 2017 (4) (5) 2017 (6) (7) % (8) (9)

230

231 238 BREEAM EarthCheck (Building Research Establishment Environmental Assessment Methodology) +

232 (GRI) GREENGUARD X 100% PP

233 corpaffairs@peninsula.com ir@hshgroup.com cr@hshgroup.com 28 (852) (852) ir@hshgroup.com (852) (852) / hkinfo@computershare.com.hk

234 reservationptk@peninsula.com Klongsan, Charoennakorn (2) (2) reservationpbk@peninsula.com 1226Ayala Makati Avenue reservationpmn@peninsula.com reservationpny@peninsula.com Superior reservationpch@peninsula.com South Santa Monica Boulevard reservationpbh@peninsula.com avenue Kléber (0) (0) reservationppr@peninsula.com reservationgcsc@peninsula.com *

235 The Landmark The Landmark 1 5B info@thelandmarkvietnam.com Bangpakong Thambon Pimpa Bangna-Trad Km Moo 1 Chacheongsao inquiry@thaicountryclub.com Valley Greens lodgedesk@quaillodge.com pml@peninsula.com B tpl@peninsula.com

236 : :

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