02 04 06 08 66 74 81 88 90 100 206 214 216

4030 02

26,530,050 2,136,948 224,635 28,891,633 18,153,452 2,633,497 1,048,471 746,791 6,309,422 28,891,633 1,894,263 406,820 622,900 240,002 301,361 3,503,179 1,170,585 254,997 2,868,944 287,166 52,794 1,027,061 3,702,584 3,540,270 2,738,747 2,368,647 2,671,049 1,240,264 28,891,633 2011 03

201130 2,580 201015% 137%42 9,620 2008 2010 4 04

23% 2011 9 29 2011 05

2011 2010 13,557,227 6,340,752 1 2,065,056 2,932,234 15,622,283 9,272,986 14,009,580 7,757,777 900,493 913,811 502,619 436,968 177,608 147,701 31,983 16,729 15,622,283 9,272,986 4,256,277 1,532,266 2 852,573 1,071,039 5,108,850 2,603,305 3,025,826 2,636,427 52.54 50.75 52.02 48.22 3.00 4.00 7.00 7.00 7.00 2011 6 30 2010 6 30 10,650.7 7,975.9 79,534.9 68,983.3 35,486.1 29,579.0 41,694.2 37,690.1 2.10 2.95 23.3% 26.5% 1 2 06

1 2 1 6 2 6 2011 07

201013% 2010 1.4 2010 500 10

11 2011 2010 2010 2020 45 45

12-2011 12011 2030 20202030 371 90% 1 59 46 42 41 3 2 1 59 46 41 42 3 2

1,445,534 10 448,729 48% 19% 5% 4% 24% 42% 5% 53% 2013 20,414 20,414 2011 13

2.5 500 143 15% 100 14

15 2011 2530 1,000 A320 522012100 50 30 1,000 9 47 48 9 47 48

- 301,641 105,179 63% 34% 74% 18% 3% 8% 16

2011 2011 17

- 7 6 6 7 2,760 1,000 2015 60% 50% 2015 18

622,900 59% 3% 21% 7% 10% 2011 19

2010 1,350 13% 32%2015 20

8 41 8 2010852011 2011 2011 10 240,002 36% 17% 20% 27% 2011 21

2010 16 22

10 10 2010 112015 6,000 19% 50% 1,000 294,849 6,512 49% 17% 6% 4% 24% 100% 2011 23

(2010 2020) 26

13 11 11 11 11 12 11 12 13 20 1,150 1,866 2020 1,050 915 710 20301,200 20 90% 2011 27

- 3,277,189 225,990 58% 3% 3% 88% 10% 21% 9% 8% 2011 50 28

2009 92,776 85% 130 2013 201235 2011 A 473,829 473,829 2013 B 38,452 71,987 110,439 2011 29

1.2 3.8 9.66.5 30

14 14 14 14 14 2010 10 14.7 104 190.7 2011 10 20112011 2011 31

- 2011 A 110,132 110,132 2013 A A 136,993 136,993 20102011 5 48460% 2011 1,136,143 34,442 73% 3% 24% 100% 32

2011 2011 33

34 10 2011 2010 30% - 61 49 15 61 15 49

83,571 171,426 100% 45% 31% 24% 2010 21785% 2013 83,571 83,571 2011 35

130.514% 500 81 2005 212010 87.5 2005 2011 12% 10015% 38

39 2011 2010 2020 2020 20% 2020 300 10040 500 100 30 2020 16 18 56 17 55 54 64 16 54 56 17 55 18 64

- 2012 2015 201512 10 30 2012 2010 10 100% K11 40

2,376,954 491,990 61% 9% 8% 5% 17% 32% 39% 6% 23% 2011 147,644 147,644 2012 312,850 C 25,900 54,032 392,782 2013 D 38,895 249,171 288,066 K11 2011 41

2010 41 246 7,300 201010% 18% 42

43 2011 2010 12 2020 3.7 24% 50 52 53 62 63 50 62 63 j 52 53

- 94% 287,166 2010 2011 5 32 13% 20% 28% 21% 18% 2011 142,184 142,184 44

2010 4,500 3,20016% 32% 2010 17 2011 45

- 20 G4 20 2011 2015 2011 2011 463 1,848 2015 120 2,500 46

997,421 29,640 80% 5% 15% 20% 80% 2012 B 121,563 121,563 2013 A A 287,729 287,729 2007 1 3,700 94% 2011 47

2010 64.143% 374 SK 2011 5194 500 201010 48

22 22 2011 2011 5 2010 59 20112013 2011 49

- 3,626,023 76,561 66% 5% 2% 27% 100% 1,42880% 2011 140,684 140,684 2012 B 142,895 142,895 2013 149,373 149,373 50

326 40%20 500 2011 51

- 23 23 23 23 23 50 2,000 60.4425.9 2011 167 52

3,517,822 22,448 69% 7% 1% 1% 22% 85% 15% 2009 12 2011 154,598 154,598 2012 428,658 428,658 2013 57,349 57,349 2011 53

16 2011 56

57 2011 2010 4,000 15 1,200 20 1,800 29 24 27 27 27 25 26 28 24 27 25 28 26 29

- 25570% 786 2010 288 50% 25090% 58

2,475,434 263,313 80% 7% 13% 20% 36% 44% 2011 57,337 75,471 E 33,819 28,516 195,143 2012 125,664 A 26,820 E 50,483 202,967 2013 82,905 B 85,768 A 119,138 B 73,122 360,933 2011 59

CEPA Resort 60

61 2011 2012 2015 2020 2011 2011 Resort 34 35 31 32 33 36 37 38 58 65 33 32 36 35 37 38 31 34 65 58

- 2010 Resort 489 2010 9 2,223,254 145,393 89% 1% 3% 7% 48% 25% 27% 23570% 524 94% 2012 2012 Resort 17,531 92,271 109,802 2013 59,202 148,307 13,982 221,491 62

2010 590.6 18% 12% 44% 2011 63

64 2011 2020 2015 1,00013% 30015% 30,000 2020 180 2002010 12 308 2004 39 40 40 39-2,671,049 66% 5% 1% 1% 27%

2011 5 2011 65

2009 2010 2010 4 2010 9 19%1,065,000 31%1332,500 326,00047 5,90012 2012 31 4,600 2010 26 4,100 19% 29 3007 900 5% 20102011 42 9,60018 1,200 137%26%7 66

2011 2010 3,993,160 1,450,077 442,127 489,623 (56,017) (97,728) (23,058) (37,214) (63,882) 6,627 3,883 706 4,296,213 1,812,091 (248,896) (183,191) (1,353,562) (511,913) 2,693,755 1,116,987 627,531 (1,846) 4,941 5,944 (50,172) (139,992) (161,816) (89,052) (210,939) (182,599) 2,903,300 709,442 119,883 57,737 24,875 1,268 (162,227) 1,000 (24,500) (12,000) 1,332,086 732,125 54,000 (15,364) (59,372) 122,526 1,926,985 3,025,826 2,636,427 2011 67

2010 14 5,008 39 9,316 175% 1,307,32926% 63% 129 7,100 2011 2009 2010 4 2010 920102011 20112010 26%7 2011 33% 2010 201110 1,364,21486% 2011 A R, C, O 473,829 90% A R, C 110,132 100% C, O, P 142,184 100% R, C 147,644 60% R 140,684 30% R 57,337 100% R 75,471 100% E R 33,819 100% R 28,516 63% R, C, P 154,598 50% 1,364,214 R C O P 68

20114 4,213 201010% K11 5,6029,773 2,547 299 605 259 258 429 327 370 2,547 6,3882010663 2011 69

2012111,398,667 2012 R, C, P 312,850 100% R, C, P 54,032 60% R 25,900 100% B R, P 121,563 48% R 142,895 30% R, C, P 92,271 100% R, C, P 428,658 50% R, C, P 125,664 91% E R, C, P 50,483 100% R, P 26,820 100% R 17,531 59% 1,398,667 2011 6 3010,651,000,000 2010 6 307,976,000,000 10,253,000,000 2010 6 3010,435,000,000 23% 2010 6 3026% 2011 6 30 19,110,000,000 2010 6 30 16,672,000,00022%78% 70

2011 6 30 2010 6 30 1 6,753 2,335 1 2 4,110 7,430 2 5 6,086 4,927 5 2,161 1,980 19,110 16,672 2011 6 305,821,000,000 2010 6 304,548,000,000 2011 6 30 2,271,422,000 2010 6 30475,064,0002,163,422,000 2010 6 30367,064,000108,000,000 2010 6 30 108,000,000229,597,000 2010 6 30 12,843,000 2011 6 30 2,254,955,000 2010 6 302,340,179,000 2011 6 30 1,714,890,000 2010 6 301,654,666,000 2011 71

72

2011 6 30461,162,000 2010 6 30461,243,000 4,527,171,000 2010 6 303,475,598,000 239,538,000 2010 6 30231,909,000 1,067,140,000 2010 6 30732,443,0002,395,669,000 2010 6 304,217,853,00010,355,000 2010 6 3010,471,000 2011 6 30 5,771 369,060,000 2010 289,250,000 2011 73

14 14 7 4 3 81 87 A.2.1 3.10(1) 3.10(2) 3.13 74

2011 1 1 3 33 2011 75

4 4/4 2/4 3/4 4/4 4/4 4/4 4/4 4/4 4/4 1/4 4/4 4/4 2/4 4/4 76

(i) 2011 1 1 (ii) 3 2/2 2/2 2/2 2011 77

(iii) 3 1 2011 1 1 1/1 0/1 1/1 # 1/1 * 0/0 # 2011 1 1 * 2011 1 1 10 78

126 127 (1) (2) (3) (4) 2011 79

2011 6 3012,036,000 7,739,000 787,000 (www.hkexnews.hk) 2011 80

81 2011 1999 2010 1 13 Cheng Yu Tung Family (Holdings) Limited Centennial Success Limited 2001 (64 ) 1999 6 2010 1 8 2010 1 13 1995 20052009 (67 ) 1 1 1 1 1 1 1 1 8 8 8 8 8 8 8 8 8 8

82 2007 3 Centennial Success Limited 2006 9 (59 ) 1999 6 Cheng Yu Tung Family (Holdings) Limited Centennial Success Limited CEDR 31 20 20 20 20 20 2007 07 07 07 07 07 07 07 3 3 3 3 3 3

30 2010 1 2009 2 2011 1 1 32 2011 83

84 (72 ) (69 ) (

85 2011 (64 ) (63 ) 4 ) )

86 (45 ) (63 )

(64 ) (62 ) 2011 87

(43 15 1996 11 42 15 1996 49 20 1986 13 67 88

89 2011 40 1992 1993 1997 9 2008 48 20 1999 64 20 1996 55 28 2002 (54 20 2011 39 10

1 2010 2010 12 3 21 21 21 2010 30 13 2011 3 25 13 2010 90

2 2010 12 25 2011 1 8 10 2011 2 145 19 3 2010 9 19 2010 11 26 26 218 2011 2 27 2010 10 16 31 20150 2011 91

2010 11 1263 12 2010 12 4 12 2011 4 2 2011 3 6 2011 4 1024 250 92

2011 5 22 2011 5 2829 30 2011 67 2011 6 25 18 20 150 2011 93

4 LEED 2011 2 AECOMLEED 2012 22012 5 LEED 18 12 109 101 1,086 2011 6 1,258 EPON 94

5 2010 8 7 2010 9 18 320 2010 12 24 2011 3 4 3 4 5 14 3D 2011 95

2011 3 6 2010 7 52 8 23 5,000 2011 3 26 20 96

7 2010 800 2010 1,500 @ 2011 4 23@ 400 2010 imart GIVES2011 4 24 2011 97

8 2010 7 17 500 2010 10 16 2010 10 29 2010 700 2010 11 5 300 2011 6 16 2011 870 2010 2010 11 13 2010 40 50 98

2011 3 19 2011 2011 5 21 2011 4 20 4 29 100 2011 6 18 2011 99

101 126 128 129 130 132 133 134 135 205 100

2011 6 30 43 2011 6 30128 204 2011 6 30 0.04 20100.07 0.03 2010 2011 6 30 0.07 2010 0.07 2011 12 28 2011 11 28 0.10 22,000,000,000 800,000,000 3,000,000,000 30 31 2011 6 3018,233,000,000 2010 19,898,000,000 2010 7 6 New World China Land Finance Limited 2,628,706.30 201201517 180 100,0002010 7 16 313,200,000 2011 101

16 8,228,000 20105,371,000 116 1 2011 5 162011 5 19 A(3) (4) 102

A. (1) 2010 4 30 (i) (ii) 2010 4 3026 2010 4 30 2010 5 18 2011 5 13 2011 5 13 2011 6 30 757,411 1,948,600 7,573 25,900 15,720 16,100 2011 6 30 24,491 31,400 323,610 408,000 2011 103

A. (2) 2010 11 23 2010 7 1 2011 6 30 17,695 19,800 12,500 40.03% 2010 11 23 (3) 2011 5 16 2012 6 302013 6 302014 6 30 155,000,000 95,000,000 46,000,000 2011 5 16 104

(4) 2011 5 19 2011 7 1 2011 6 29 2012 6 302013 6 302014 6 30 1,761,000,000 1,491,000,000 1,476,000,000 A(3) 2011 5 19 2011 6 10 B. 2010 2 1 15020 2010 1 1 2029 12 3110 (a)2%(b) (i) 2010 1 1 2014 12 315% (ii) 2019 12 316%(iii) 2020 1 17% 2011 6 30 2,900,000 20101,300,0004,500,000 65%35% 50%Centennial Success LimitedCentennial50% Centennial Centennial 2010 2 1 2011 105

C. 2011 3 22 2011 3 22 2013 6 30 (i) (ii) (iii) 2011 6 30 3,990,0002010 50,000,000 70% 2011 3 22 D. 2010 10 4 25,363 456,534,000 2010 10 4 106

E. 1999 7 1999 3 31 654,285,000 2010339,469,000 F. 2011 6 30A(1) (2) B C (a) (b) (c) 3000 740 14A.38 41 2011 107

2011 6 30 352 (A) 2011 6 30 0.10 18,750,000 2,925,000 78,406,800 (1) 100,081,800 1.74 13,125,000 52,258,400 (2) 65,383,400 1.14 371,194 371,194 0.01 168,400 168,400 0.00 790,000 790,000 0.01 126 126 0.00 9,825,000 9,825,000 0.17 2,187,250 2,187,250 0.04 600,000 600,000 0.01 83,600 83,600 0.00 83,600 83,600 0.00 83,600 83,600 0.00 1.00 300,000 300,000 0.01 1,000,000 (2) 1,000,000 0.03 134,538 134,538 0.00 57,561 57,561 0.00 208,788 208,788 0.01 108

2011 6 30 1.00 13,768,798 12,000,000 (1) 25,768,798 0.76 3,009,849 13,695,000 (2) 16,704,849 0.49 343,750 5,074,520 (3) 5,418,270 0.16 3,000,000 3,000,000 0.09 14,033 14,033 0.00 2,431,060 2,431,060 0.07 1,301,029 1,301,029 0.04 0.10 1,107,000 (4) 1,107,000 0.07 92,000 92,000 0.01 Dragon Fortune Limited 1.00 15,869 (5) 15,869 27.41 1.00 420,585,070 (1) 420,585,070 34.61 1.00 80,000 3,570,000 (6) 3,650,000 45.63 1.00 500 (7) 500 50.00 YE Holdings Corporation 1.00 37,500 37,500 1.50 2011 109

(A) 1. 2. 3. 4. 5. 4,10211,767 45.63% 6. 49.58% 7. 110

(B) (1) 2002 11 26 2010 7 1 2011 6 30 10 2008 1 7 (1) 2,238,806 (2,238,806) 6.228 2008 12 29 (2) 1,791,045 1,791,045 1.340 2011 1 18 (6) 2,000,000 2,000,000 3.154 2008 1 7 (1) 895,522 (895,522) 6.228 2008 12 29 (2) 727,612 727,612 1.340 2011 1 18 (6) 800,000 800,000 3.154 2008 1 7 (1) 895,522 (895,522) 6.228 2008 12 29 (2) 727,612 727,612 1.340 2011 1 18 (6) 800,000 800,000 3.154 2006 7 25 (3) 371,194 (371,194) (7) 2.559 2008 1 7 (1) 1,679,104 (1,679,104) 6.228 2008 12 29 (2) 1,343,284 (1,006,000) (8) 337,284 1.340 2011 1 18 (6) 1,500,000 1,500,000 3.154 2008 12 29 (4) 755,821 755,821 1.340 2008 1 7 (1) 223,882 (223,882) 6.228 2008 12 29 (2) 127,910 127,910 1.340 2011 1 18 (6) 200,000 200,000 3.154 2008 1 7 (1) 223,882 (223,882) 6.228 2008 12 29 (2) 167,910 167,910 1.340 2011 1 18 (6) 200,000 200,000 3.154 2008 1 7 (1) 559,701 (559,701) 6.228 2008 12 29 (2) 559,701 559,701 1.340 2011 1 18 (6) 500,000 500,000 3.154 2008 1 7 (1) 559,701 (559,701) 6.228 2008 12 29 (5) 125,933 (82,000) (8) 43,933 1.340 2011 1 18 (6) 500,000 500,000 3.154 2008 1 7 (1) 1,119,403 (1,119,403) 6.228 2008 12 29 (2) 1,007,463 (500,000) (9) 507,463 1.340 2011 1 18 (6) 1,000,000 1,000,000 3.154 2008 1 7 (1) 335,821 (335,821) 6.228 2008 12 29 (2) 252,221 252,221 1.340 2011 1 18 (6) 300,000 300,000 3.154 2008 1 7 (1) 335,821 (335,821) 6.228 2008 12 29 (2) 252,221 252,221 1.340 2011 1 18 (6) 300,000 300,000 3.154 2008 1 7 (1) 335,821 (335,821) 6.228 2008 12 29 (2) 252,221 252,221 1.340 2011 1 18 (6) 300,000 300,000 3.154 17,865,134 8,400,000 (1,959,194) (9,402,986) 14,902,954 2011 111

(B) (1) 1. 32008 2 82009 2 82010 2 82011 2 7 2. 42009 1 302010 1 302011 1 302012 1 302013 1 29 3. 52006 8 262007 8 262008 8 262009 8 262010 8 26 2011 8 25 4. 52009 1 302010 1 302011 1 302012 1 302013 1 30 2014 1 29 5. 22011 1 302012 1 302013 1 29 6. 52011 2 192012 2 192013 2 192014 2 192015 2 19 2016 2 18 7. 2011 6 10 2.79 8. 2011 2 7 3.21 9. 2010 11 12 3.13 10. 2011 1 18 3.13 11. 10 112

(2) 2010 7 1 2011 6 30 4 4 2007 3 19 (1) 36,710,652 3,740 36,714,392 17.652 2007 3 19 (1) 201,153 19 201,172 17.652 (2) 1,206,925 122 1,207,047 17.652 2007 3 19 (2) 502,885 50 502,935 17.652 2007 3 19 (1) 35,704,880 3,637 35,708,517 17.652 2007 3 19 (2) 1,206,925 122 1,207,047 17.652 2007 3 19 (2) 1,508,656 153 1,508,809 17.652 2007 3 19 (3) 603,462 60 603,522 17.652 2007 3 19 (1) 301,731 29 301,760 17.652 77,947,269 7,932 77,955,201 1. 2007 3 192012 3 18 2. 52007 3 192008 3 192009 3 192010 3 192011 3 19 2012 3 18 3. 32009 3 192010 3 192011 3 192012 3 18 4. 2010 6 302011 6 302010 12 28 17.654 17.6532011 5 23 17.652 5. 10 2011 113

(B) (3) 2010 7 1 2011 6 30 3 3 2007 8 21 (1) 1,210,731 610,817 1,821,548 10.672 (2) 1,816,097 916,226 2,732,323 10.672 2007 8 21 (1) 807,153 407,210 1,214,363 10.672 (2) 1,210,732 610,819 1,821,551 10.672 2007 8 21 (1) 242,145 122,162 364,307 10.672 (2) 363,219 183,245 546,464 10.672 5,650,077 2,850,479 8,500,556 1. 2008 8 212012 8 20 2. 32009 8 212010 8 212011 8 212012 8 20 3. 2010 6 302011 6 30 2010 12 29 16.055 10.6922011 5 20 10.672 4. 10 114

(4) 2010 7 1 2011 6 30 2007 11 27 (1) 1,000,000 1,000,000 8.660 2007 11 27 (1) 500,000 500,000 8.660 2007 11 27 (1) 500,000 500,000 8.660 2,000,000 2,000,000 1. 52008 11 272009 11 272010 11 272011 11 272012 11 27 2013 11 26 20% 2. 1 2011 115

(C) Fita International LimitedFita 2011 6 30 Fita 2011 6 30 Fita 1,000,000 1,000,000 2,000,000 0.27 2011 6 30 352 18 116

Centennial Success LimitedCSL Guilherme Holdings (Hong Kong) Limited CSL CSL 2011 117

118

2011 6 30336 2011 6 30 Cheng Yu Tung Family (Holdings) Limited CYTF 1 4,061,034,137 4,061,034,137 70.47 Centennial Success LimitedCSL 1 4,061,034,137 4,061,034,137 70.47 2 4,061,034,137 4,061,034,137 70.47 3 3,806,449,096 254,585,041 4,061,034,137 70.47 1. CYTFCSL 51%CSL2CYTF CSL 2. 3. 170,027,81859% Great Worth Holdings Limited 22,508,06459.79%High Earnings Holdings Limited 62,049,159 2011 6 30336 2011 119

2000 12 182000 2000 2002 11 26 2002 2000 20002010 6 30 2000 20002010 12 18 2000 2002 2000 2002 2000 65,745,200 2005 4 8 38,158,200 2000 2002 96,226,400 2005 4 8 2009 11 16 6,465,9005,357,008 32,817,443 0.57% 25% 12 1% 120

2000 2002 1 5 5 1 5 5 1 1 2810 2810 (a) 5 80% (a) (b) (b) 5 2000 2000 12 1810 2002 2002 11 2610 2011 121

2011 6 302002 (A) (B) 2010 7 1 1 2011 6 30 5 6 2005 11 712 2 11,641 (11,641) 2.341 2006 3 284 24 2,078,507 (2,078,507) 3.497 2006 6 287 26 64,925 64,925 2.559 2006 10 1711 13 111,492 111,492 2.984 2006 12 282007 1 24 759,850 759,850 4.209 2007 3 194 13 822,985 822,985 4.020 2007 6 147 11 1,669,701 1,669,701 5.994 2007 10 1711 13 1,635,223 1,635,223 7.209 2007 12 282008 1 24 973,880 (147,761) 826,119 6.228 2007 12 282008 1 24 4,880,596 (2) (4,880,596) 6.228 2008 4 225 19 647,910 647,910 4.699 2008 7 318 27 260,597 260,597 3.271 2008 11 1212 9 981,534 (120,000) (168,328) 693,206 1.503 2008 12 212 29 960,597 (3) (960,597) 1.340 2008 12 212 29 7,924,973 (4) (1,222,534) (342,841) 6,359,598 1.340 2008 12 212 29 1,553,570 (368,477) (46,210) 1,138,883 1.340 2009 2 33 2 831,528 (146,000) 685,528 1.769 2009 6 267 23 3,247,836 (234,628) 3,013,208 4.065 2009 11 1912 16 3,470,000 (100,000) (400,000) 2,970,000 3.068 2010 1 122 2 5,212,400 (650,800) 4,561,600 2.990 2010 5 186 14 1,479,600 (144,000) (191,600) 1,144,000 2.350 2010 5 316 25 1,000,000 (112,000) 888,000 2.440 2010 11 1012 7 4,654,400 (304,000) 4,350,400 3.130 2011 1 182 14 5,849,000 (229,600) 5,619,400 3.154 2011 5 35 30 1,348,400 1,348,400 2.860 40,579,345 11,851,800 (3,185,249) (9,674,871) 39,571,025 122

1. 20% 2 3 4 2. 33% 3. 50% 4. 25% 5. 2010 11 102011 1 182011 5 33.18 3.13 2.79 6. 2002 2.98 3.130 3.154 2.8601.24 1.24 1.05 1.10% 1.72% 53% 55% 1.63% 1.88% 13 13.21 2011 123

13 2006 6 13300,000,000 2012 6 12 2010 5 28 1,000,000,0002011 5 23 1,000,000,000 500,000,000 500,000,000 2007 12 28Superb Wealthy Group LimitedSuperb Wealthy700,000,000 2008 9 302008 10 16Superb Wealthy700,000,000 400,000,000 2009 10 292009 11 62010 4 192010 5 282010 7 5 250,000,000 150,000,000 100,000,000 500,000,000 700,00,000 2007 10 30New World China Finance (BVI) LimitedNWCF 2,700,000,000 2011 4 11 200,000,000 2009 12 31 250,000,000 NWCF Superb Wealthy 51% 51% 124

30%16%28% 6% 5% 2011 9 29 2011 125

128 204 126

2011 127

2011 6 30 2011 2010 6 13,557,227 6,340,752 (9,300,950) (4,808,486) 4,256,277 1,532,266 7 879,277 649,036 8 680,239 1,868,823 17 386,890 169,262 (267,034) (216,419) (95,857) (100,199) (885,779) (831,849) 9 4,954,013 3,070,920 10 (268,470) (280,244) 18,864 15,860 359,312 463,814 5,063,719 3,270,350 13 (1,917,443) (629,183) 3,146,276 2,641,167 3,025,826 2,636,427 120,450 4,740 3,146,276 2,641,167 14 52.54 50.75 52.02 48.22 15 403,364 403,037 15 3.00 4.00 7.00 7.00 7.00 128

2011 6 30 2011 2010 3,146,276 2,641,167 (34,048) 4,086 (34,049) 1,280,728 (8,207) 326,244 (3,232) 1,535,643 (4,121) 4,681,919 2,637,046 4,555,089 2,634,575 126,830 2,471 4,681,919 2,637,046 2011 129

2011 6 30 2011 2010 16 1,832,310 1,641,140 17 14,197,823 12,409,018 18 693,090 604,530 19 23,394 23,394 21 12,478,678 10,610,021 22 413,476 400,705 23 9,633,728 9,905,121 24 58,362 221,996 25 9,091 39,330,861 35,825,016 26 15,214,997 12,198,336 27 2,767,280 1,831,516 4,653 2,960 28 10,976,586 10,667,110 29 589,809 491,645 25 10,355 1,380 25 10,640,373 7,965,386 40,204,053 33,158,333 79,534,914 68,983,349 30 576,239 575,725 31 40,887,420 36,711,315 31 230,505 403,037 41,694,164 37,690,077 2,354,690 1,714,322 44,048,854 39,404,399 130

2011 2010 32 14,151,021 16,076,473 33 2,185,100 2,266,299 16,336,121 18,342,772 34 3,714,991 2,335,104 4,819,682 4,629,965 29 1,337,068 934,969 35 370,087 354,773 32 6,382,934 1,979,853 36 101,512 99,626 37 2,423,665 901,888 19,149,939 11,236,178 35,486,060 29,578,950 79,534,914 68,983,349 21,054,114 21,922,155 60,384,975 57,747,171 2011 131

2011 6 30 2011 2010 20 28,096,011 27,149,566 28 9,051 11,906 29 568,092 507,200 25 1,400,889 1,874,439 1,978,032 2,393,545 30,074,043 29,543,111 30 576,239 575,725 31 23,563,092 23,566,404 31 230,505 403,037 24,369,836 24,545,166 32 5,095,955 4,967,784 34 28,485 14,548 29 3,000 32 548,916 4,638 37 27,851 10,975 608,252 30,161 5,704,207 4,997,945 30,074,043 29,543,111 1,369,780 2,363,384 29,465,791 29,512,950 132

2011 6 30 2011 2010 40(a) 1,562,781 (1,564,788) (966,349) (557,296) 596,432 (2,122,084) 108,434 78,070 44,748 130,273 (1,083,940) (1,018,458) (1,603) (15,758) (522,159) 1,129,667 2,091,540 7,226 3 40(c) 323,971 (24,096) 1,078,594 178,774 252,391 35,604 597,446 2,195,835 (655,492) (520,118) 5,728,932 5,081,966 (3,656,916) (2,928,556) (207,727) 515,538 807,239 (45,638) (15,510) (140,032) 7,881 4,857,027 (20,513) (2,592,777) (575,980) (345,350) (800) 248,023 1,297,012 4,244,185 2,490,890 4,317,936 7,965,386 3,642,416 184,097 5,034 10,640,373 7,965,386 25 10,640,373 7,965,386 2011 133

2011 6 30 2009 7 1 383,647 30,139,501 30,523,148 1,513,734 32,036,882 (5,938) (5,938) (2,269) (8,207) 4,086 4,086 4,086 (1,852) (1,852) (2,269) (4,121) 2,636,427 2,636,427 4,740 2,641,167 2,634,575 2,634,575 2,471 2,637,046 192,078 4,664,949 4,857,027 4,857,027 198,117 198,117 20,678 20,678 20,678 (345,351) (345,351) (345,351) 192,078 4,340,276 4,532,354 198,117 4,730,471 2010 6 30 575,725 37,114,352 37,690,077 1,714,322 39,404,399 2010 7 1 575,725 37,114,352 37,690,077 1,714,322 39,404,399 1,274,348 1,274,348 6,380 1,280,728 326,244 326,244 326,244 (3,232) (3,232) (3,232) (34,048) (34,048) (34,048) (34,049) (34,049) (34,049) 1,529,263 1,529,263 6,380 1,535,643 3,025,826 3,025,826 120,450 3,146,276 4,555,089 4,555,089 126,830 4,681,919 514 7,367 7,881 7,881 (1,878) (1,878) (1,878) 511,308 511,308 19,696 19,696 19,696 (575,980) (575,980) (575,980) 514 (550,795) (550,281) 511,308 (38,973) (721) (721) 2,230 1,509 514 (551,516) (551,002) 513,538 (37,464) 2011 6 30 576,239 41,117,925 41,694,164 2,354,690 44,048,854 134

1. P.O. Box 309 Ugland House Grand Cayman KY1 1104 Cayman Islands189 2011 9 29 2. (a) 2010 6 30 2010 2 1 32 2011 6 30 1 1 2 19 5 (2009) 7 2012 1 1 12 2011 135

2. (a) 5 1 2010 6 30 2011 6 30694,805,000 5 12 (b) 2011 1 1 2012 6 30 1 7 9 10 11 12 13 24 27 (2011) 28 (2011) 14 (2010) 136

(c) 2011 6 30 2010 7 1 2011 6 30 29,735,000 1,091,000 10,035,000 3. (a) 6 30 (i) 2011 137

3. (a) (ii) (iii) 138

(iv) (b) 2011 139

3. (c) (i) 3(f)(ii) (ii) (d) (e) 140

(f) (i) (ii) 20 40 5 10 5 8 3 (iii) 2011 141

3. (g) (h) (i) (ii) 12 142

(iii) 12 (iv) 12 2011 143

3. (i) (j) (k) (l) 144

(m) (n) (o) (p) (q) 2011 145

3. (r) (s) 146

(t) 3(u) 12 (u) (v) (i) 2011 147

3. (v) (ii) (i) (w) (i) (ii) (iii) 148

(iv) (x) (i) (ii) 2011 149

3. (x) (iii) (1) (2) (3) (y) (z) (i) 150

(ii) (iii) (iv) (v) (vi) (vii) (viii) (aa) (ab) 2011 151

4. (a) (i) 2011 6 30 9,816,880,000 20107,901,382,000 968,238,000 2010 96,450,000 5% 442,432,000 2010390,247,000 2011 6 30 7 152

(ii) 100 42,614,000 2010 26,304,000 100 (iii) 2010 6 30 25% 55,499,000 12 2011 6 30 2011 153

4. (b) 2011 6 30 2010 154

(c) 2011 6 305,821,000,000 20104,548,000,000 2011 6 30 3,714,991 3,652,478 3,343,955 297,199 11,324 1,260,000 1,260,000 1,260,000 32,005 32,005 32,005 45,063 45,063 45,063 101,512 101,512 101,512 370,087 372,437 372,437 20,533,955 22,613,023 6,126,197 13,788,958 2,697,868 2010 6 30 2,335,104 2,288,805 1,999,112 284,090 5,603 1,393,453 1,393,453 1,393,453 250,203 250,203 250,203 99,626 99,626 99,626 354,773 360,205 360,205 18,056,326 20,078,000 2,547,743 14,242,986 3,287,271 2011 155

4. (c) 2011 6 30 28,485 28,485 28,485 3,000 3,000 3,000 5,644,871 5,743,106 578,457 2,791,759 2,372,890 2010 6 30 14,548 14,548 14,548 4,972,422 5,025,630 27,805 2,586,368 2,411,457 (d) 20112010 6 30 2011 2010 20,904,042 18,411,099 (10,650,728) (7,975,857) 10,253,314 10,435,242 44,048,854 39,404,399 23.3% 26.5% 2011 6 30 156

(e) 2011 6 302010 6 30 2011 6 30 58,362 58,362 2011 6 30 58,362 58,362 2011 157

5. (a) (b) (c) 158

(d) (e) 3(g) (f) 3(m) (g) 6. (a) 2011 2010 12,434,039 5,406,162 542,151 453,674 397,240 339,745 126,363 104,499 25,451 19,943 31,983 16,729 13,557,227 6,340,752 2011 159

6. (b) 160

2011 6 30 12,459,490 567,082 397,240 159,160 50,250 13,633,222 (24,931) (32,797) (18,267) (75,995) 12,459,490 542,151 397,240 126,363 31,983 13,557,227 64,733 20,244 21,215 106,192 1,485,357 338,098 84,164 51,245 1,958,864 14,009,580 900,493 502,619 177,608 31,983 15,622,283 43,074 11,849 589 249 21 55,782 3,232,278 251,826 (16,177) (26,953) (63,882) (49) 3,377,043 17,296 8,343 (4,663) 20,976 743,586 181,958 (35,177) 3,895 3,932 898,194 3,993,160 442,127 (56,017) (23,058) (63,882) 3,883 4,296,213 3,750,252 970,352 85,125 2,140 1,027 1,292 4,810,188 43,016 17,872 132,736 1,129 1,180 1,446 197,379 12,542 10,983 (4,661) 18,864 290,287 104,179 (41,977) 3,119 3,704 359,312 2011 6 30 49,983,526 14,694,057 1,983,805 113,237 192,837 7,403 66,974,865 2,206,986 7,233,642 582,208 9,756 4,194 10,418 10,047,204 58,362 4,310 109,404 568,092 1,772,677 79,534,914 9,890,605 285,487 76,723 67,429 16,280 1,023 10,337,547 53,951 2,005,420 20,904,042 2,185,100 35,486,060 2011 161

6. 2010 30 5,426,105 454,109 339,745 126,609 29,908 6,376,476 (435) (22,110) (13,179) (35,724) 5,426,105 453,674 339,745 104,499 16,729 6,340,752 3,641 18,908 20,642 43,191 2,328,031 441,229 76,581 43,202 2,889,043 7,757,777 913,811 436,968 147,701 16,729 9,272,986 100,727 8,728 210 105 6 15 109,791 751,773 183,090 (66,307) (37,476) 6,627 (288) 837,419 132 9,586 2,862 12,580 698,172 296,947 (34,283) 262 994 962,092 1,450,077 489,623 (97,728) (37,214) 6,627 706 1,812,091 1,747,319 1,855,060 21,717 888 223 587 3,625,794 37,832 28,426 151,290 941 1,057 1,962 221,508 (85) 8,101 7,844 15,860 203,353 301,916 (41,471) (461) 477 463,814 2010 6 30 40,066,650 13,157,839 1,896,585 87,514 51,470 24,336 55,284,394 3,222,852 6,255,250 816,007 (342) 602 11,457 10,305,826 221,996 4,487 314,059 425,190 2,427,397 68,983,349 7,646,641 304,595 257,145 40,972 13,727 11,829 8,274,909 36,150 590,493 18,411,099 2,266,299 29,578,950 162

2011 2010 (i) 15,622,283 9,272,986 (2,065,056) (2,932,234) 13,557,227 6,340,752 (ii) 4,296,213 1,812,091 (248,896) (183,191) (1,353,562) (511,913) 2,693,755 1,116,987 627,531 (1,846) 4,941 5,944 (50,172) (139,992) (161,816) (89,052) (210,939) (182,599) 2,903,300 709,442 119,883 57,737 24,875 1,268 (162,227) 1,000 (24,500) (12,000) 1,332,086 732,125 54,000 (15,364) (59,372) 122,526 1,926,985 3,025,826 2,636,427 1,917,443 629,183 120,450 4,740 5,063,719 3,270,350 2011 163

7. 2011 2010 13 654,285 339,469 94,522 119,184 86,209 130,273 44,261 15,903 30,000 14,207 879,277 649,036 2011 2010 (82,085) (97,178) 8. 2011 2010 639,432 (1,371) 81,074 946 24,875 1,268 (162,227) 1,000 (24,500) (12,000) (42,910) 1,332,086 732,125 54,000 (15,364) (59,372) 680,239 1,868,823 164

9. 2011 2010 521,430 429,277 81,074 946 1,032 8,642,454 4,281,803 11 369,061 289,252 178,293 204,800 233,716 201,513 18,387 32,658 3,598 19,086 16,708 12,036 9,281 8,720,000 20102,920,000 2011 2010 1 374,273 329,869 25 600,853 552,906 5 755,561 728,236 1,730,687 1,611,011 432010205 25 2011 165

10. 2011 2010 5 531,055 394,929 5 71,430 96,188 5 5,751 24,225 5 3,725 2,525 94,315 24,494 88,256 81,476 5 15,178 103,879 809,710 727,716 (541,240) (447,472) 268,470 280,244 1.08% 20101.38% 11. 2011 2010 342,209 261,937 7,156 6,637 19,696 20,678 369,061 289,252 1999 9 5% 10% 2000 12 1 2000 10 1 2000 10 1 5% 10%5% 7,156,000 20106,637,000 166

12. (i) 2011 6 30 150 1,232 1,382 150 1,940 84 924 3,098 100 493 593 150 493 643 150 1,920 84 66 2,220 150 1,180 51 1,381 100 122 222 125 316 441 100 122 222 150 1,520 75 289 2,034 150 5,160 368 623 6,301 200 189 389 200 189 389 200 189 389 2,075 11,720 662 5,247 19,704 2010 6 30 150 1,041 1,191 150 1,740 75 816 2,781 125 418 543 150 418 568 75 462 23 120 680 75 462 23 560 125 102 227 150 278 428 125 102 227 150 1,200 60 217 1,627 150 4,080 291 538 5,059 200 166 366 200 166 366 200 166 366 2,025 7,944 472 4,548 14,989 2011 167

12. (ii) 5 120101 420104 2011 2010 17,001 14,058 1,375 1,442 923 824 19,299 16,324 2011 2010 3,500,001 4,000,000 2 4,000,001 4,500,000 1 2 4,500,001 5,000,000 1 5,000,001 5,500,000 2 4 4 13. 2011 2010 893,373 214,981 1,229,145 279,262 (205,075) 134,940 1,917,443 629,183 2011 6 30 1,029,000 20101,292,000 313,844,000 2010 448,767,000 168

2011 2010 5,063,719 3,270,350 (18,864) (15,860) (359,312) (463,814) 4,685,543 2,790,676 25% 201025% 1,171,386 697,669 (588,645) (707,803) 174,179 165,913 82,007 110,232 (307,286) (69,815) (5,265) (32,507) (2,704) (8,083) 17,600 105,263 147,026 89,052 688,298 349,921 1,229,145 279,262 1,917,443 629,183 2010 25% 201025% 30% 60% 1999 7 1999 3 31 654,285,000 2010339,469,0007 2011 169

14. 2011 2010 3,025,826 2,636,427 39,348 (1,268) 3,024,558 2,675,775 2011 2010 5,759,635,016 5,194,521,293 7,091,795 9,303,870 47,251,179 345,752,134 5,813,977,990 5,549,577,297 15. 2011 2010 0.03 2010 172,859 0.04 20100.07 230,505 403,037 403,364 403,037 2011 9 29 0.04 2012 6 30 170

16. 2010 7 1 1,800,090 297,227 672,134 86,078 2,855,529 108,394 17,423 39,870 4,960 669 171,316 10,685 3,794 27,734 7,935 101,245 151,393 1,785 1,785 7,462 7,462 109,596 11,119 120,715 (2,316) (8,566) (6,922) (17,804) 2011 6 30 2,035,696 318,444 731,172 92,051 113,033 3,290,396 2010 7 1 411,159 257,932 498,133 47,165 1,214,389 27,283 15,717 32,543 3,002 78,545 109,334 19,015 36,979 12,965 178,293 (191) (7,190) (5,760) (13,141) 2011 6 30 547,585 292,664 560,465 57,372 1,458,086 2011 6 30 1,488,111 25,780 170,707 34,679 113,033 1,832,310 2011 171

16. 2009 7 1 1,790,300 304,654 641,836 74,243 2,811,033 4,101 1,776 5,877 4,777 12,623 34,468 13,358 65,226 12,066 12,066 (7,012) (7,012) (41) (20,050) (8,271) (3,299) (31,661) 2010 6 30 1,800,090 297,227 672,134 86,078 2,855,529 2009 7 1 287,881 236,089 463,144 39,917 1,027,031 123,314 30,442 40,563 10,481 204,800 (36) (8,599) (5,574) (3,233) (17,442) 2010 6 30 411,159 257,932 498,133 47,165 1,214,389 2010 6 30 1,388,931 39,295 174,001 38,913 1,641,140 2011 6 30461,162,000 2010 461,243,000 172

17. 2011 2010 13,586,980 11,090,956 610,843 1,318,062 14,197,823 12,409,018 2011 2010 12,409,018 9,131,467 768,957 900,881 965,474 953,232 24,100 1,286,362 (162,283) 18,970 (186,871) (20,822) (7,462) (30,334) 386,890 169,262 14,197,823 12,409,018 2011 6 30 2011 2010 50 1,017,275 726,369 10 50 13,150,428 11,654,240 10 30,120 28,409 14,197,823 12,409,018 2011 6 30 4,527,171,000 20103,475,598,000 2011 173

18. 2011 2010 604,530 583,892 35,766 67,133 4,747 37,346 (19,086) (16,708) 693,090 604,530 2011 2010 50 2,351 1,342 10 50 690,739 603,188 693,090 604,530 2011 6 30239,538,000 2010 231,909,000 19. 2011 2010 23,394 82,766 (59,372) 23,394 23,394 235,983 235,983 (212,589) (212,589) 23,394 23,394 2011 6 30 14,227,000 201014,227,0009,167,000 20109,167,000 174

2% 5% 8% 2010 12% 20. 2011 2010 4 20104 28,096,011 27,149,566 28,096,011 27,149,566 43 21. 2011 2010 7,208,067 5,885,075 5,105,701 4,553,743 164,910 171,203 12,478,678 10,610,021 2011 2010 50 5,804,721 5,461,786 10 50 1,403,346 423,289 7,208,067 5,885,075 2011 6 30 1,067,140,000 2010732,443,000 2011 175

22. 2011 2010 (27,210) (40,474) (i) 440,686 441,179 413,476 400,705 (i) (ii) 2011 2010 106,192 43,191 18,864 15,860 400,569 391,284 29,611 25,609 430,180 416,893 (452,503) (452,482) (4,887) (4,885) (457,390) (457,367) (iii) 43 176

23. 2011 2010 38,103 37,565 (i) 50,140 102,153 (i) (34,244) 88,243 105,474 1,710,575 1,630,136 (ii) 48,860 57,247 (i) 114,528 134,960 (i) (32,419) 1,873,963 1,789,924 3,978,950 3,979,050 12,704 12,704 824,657 594,903 4,816,311 4,586,657 (iii) 1,953,114 2,783,516 (i) 110,617 379,765 (i) (621,651) 6,880,042 7,128,287 324,787 381,339 (ii) 88,818 108,144 (i) 377,875 349,634 (i) (20,373) 791,480 818,744 (iv) 62,692 9,633,728 9,905,121 2011 177

23. (i) (ii) 10% 2010 10% (iii) 10% 201010% (iv) (v) 2011 2010 1,958,864 2,889,043 359,312 463,814 11,704,615 10,901,017 4,834,769 6,156,303 16,539,384 17,057,320 (6,822,715) (8,040,530) (2,839,597) (2,393,797) (9,662,312) (10,434,327) (vi) 43 24. 2011 2010 221,996 58,362 58,362 221,996 2010 178

25. 2011 2010 2011 2010 9,091 10,355 1,380 10,640,373 7,965,386 1,400,889 1,874,439 10,650,728 7,975,857 1,400,889 1,874,439 0.005% 2.85% 2010 0.001% 1.35% 4 912010 2 95 2011 2010 2011 2010 1,373,565 2,596,142 1,012,899 1,871,691 8,242,978 5,071,183 225,539 1,034,185 308,532 162,451 2,748 10,650,728 7,975,857 1,400,889 1,874,439 26. 2011 2010 4,188,251 2,571,994 10,231,615 8,985,097 795,131 641,245 15,214,997 12,198,336 2011 179

26. 2011 2010 50 3,863,092 2,185,379 10 50 325,159 386,615 4,188,251 2,571,994 2,395,669,000 20104,217,853,000 2011 2010 12 10,669,934 6,109,568 12 4,545,063 6,088,768 15,214,997 12,198,336 27. 2011 2010 203,911 141,589 2,432,260 1,609,433 131,109 80,494 2,767,280 1,831,516 2011 2010 50 183,224 139,074 10 50 20,687 2,515 203,911 141,589 180

28. 2011 2010 2011 2010 a 1,483,435 322,150 b 2,959,500 2,428,480 b 4,517,529 6,410,849 b 184,217 232,924 b 931,789 750,270 b 900,116 522,437 9,051 11,906 10,976,586 10,667,110 9,051 11,906 (a) 2011 2010 0 30 1,158,412 160,226 31 60 32,553 37,273 61 90 73,326 11,752 90 219,144 112,899 1,483,435 322,150 (b) (c) 2011 6 301,428,185,0002010247,258,000 2011 2010 0 30 1,158,089 98,964 31 60 32,229 26,025 61 90 73,002 12,054 90 164,865 110,215 1,428,185 247,258 (d) 9,240,000201018,122,000 (e) 2011 181

29. 2011 2010 2011 2010 a 589,809 491,645 568,092 507,200 b (32,005) (250,203) (3,000) c (1,260,000) (684,766) d (45,063) (1,337,068) (934,969) (3,000) (747,259) (443,324) 565,092 507,200 (a) 2011 2010 2011 2010 573,559 425,743 568,092 507,200 16,250 65,902 589,809 491,645 568,092 507,200 (b) 2011 2010 2011 2010 (3,000) (32,005) (250,203) (32,005) (250,203) (3,000) (c) (d) 182

30. 2011 2010 8,000,000,000 0.1 800,000 800,000 5,762,392,91120105,757,248,4680.1 576,239 575,725 0.1 2009 6 30 3,836,471,082 383,647 (ii) 2,193,145 219 (i) 1,918,584,241 191,859 2010 6 30 5,757,248,468 575,725 (ii) 5,144,443 514 2011 6 30 5,762,392,911 576,239 (i) 2010 6 3021 2.55 1,918,584,241 0.10 2011 183

30. (ii) 2002 11 26 2011 6 30 2010 7 1 2011 6 30 2011 6 30 2005 11 7 2.341 (1) 11,641 (11,641) 2006 3 28 3.497 (1) 2,078,507 (2,078,507) 2006 6 28 2.559 (1) 436,119 (371,194) 64,925 64,925 2006 10 17 2.984 (1) 111,492 111,492 111,492 2006 12 28 4.209 (1) 759,850 759,850 759,850 2007 3 19 4.020 (1) 822,985 822,985 822,985 2007 6 14 5.994 (1) 1,669,701 1,669,701 1,335,763 2007 10 17 7.209 (1) 1,635,223 1,635,223 1,308,177 2007 12 28 6.228 (1) 973,880 (147,761) 826,119 660,898 2007 12 28 6.228 (2) 14,283,582 (14,283,582) 2008 4 22 4.699 (1) 647,910 647,910 518,328 2008 7 31 3.271 (1) 260,597 260,597 154,029 2008 11 12 1.503 (1) 981,534 (120,000) (168,328) 693,206 265,506 2008 12 2 1.340 (3) 960,597 (960,597) 2008 12 2 1.340 (4) 15,260,106 (2,810,534) (342,841) 12,106,731 8,207,564 2008 12 2 1.340 (1) 2,309,391 (368,477) (46,210) 1,894,704 880,613 2009 2 3 1.769 (1) 831,528 (146,000) 685,528 266,963 2009 6 26 4.065 (1) 3,247,836 (234,628) 3,013,208 1,205,284 2009 11 19 3.068 (1) 3,470,000 (100,000) (400,000) 2,970,000 1,188,000 2010 1 12 2.990 (1) 5,212,400 (650,800) 4,561,600 1,824,640 2010 5 18 2.350 (1) 1,479,600 (144,000) (191,600) 1,144,000 398,800 2010 5 31 2.440 (1) 1,000,000 (112,000) 888,000 88,000 2010 11 10 3.130 (1) 4,654,400 (304,000) 4,350,400 870,080 2011 1 18 3.154 (1) 14,249,000 (229,600) 14,019,400 2,803,880 2011 5 3 2.860 (1) 1,348,400 1,348,400 269,680 58,444,479 20,251,800 (5,144,443) (19,077,857) 54,473,979 24,005,457 3.578 3.129 1.532 5.460 2.945 3.001 (1) 5 5 (2) 3 3 (3) 2 2 (4) 4 4 (5) 24,769,000 201018,849,700 2.86 3.154 20102.35 4.552.86 3.154 20102.35 4.55 53% 55% 201055% 56% 52010 5 1.63% 1.88% 20101.45% 1.58%1.10% 1.7% 20101.54% 2.1% 1.87 1.8920101.87 1.88 5 (6) 2011 2.87 20102.94 184

31. 1 2010 7 1 13,573,714 12,199,820 202,237 55,600 50,361 68,097 2,419,952 8,544,571 37,114,352 3,025,826 3,025,826 7,367 7,367 (34,048) (34,048) 19,696 19,696 7,586 (35,507) 27,921 (721) (721) (34,049) (34,049) (2,737) 859 (1,878) (575,980) (575,980) 2,869 1,271,479 1,274,348 326,244 326,244 (3,232) (3,232) 2011 6 30 12,997,734 12,214,773 202,237 39,789 50,493 4,014,443 11,598,456 41,117,925 2011 6 30 12,767,229 12,214,773 202,237 39,789 50,493 4,014,443 11,598,456 40,887,420 2011 230,505 230,505 12,997,734 12,214,773 202,237 39,789 50,493 4,014,443 11,598,456 41,117,925 2011 185

31. 1 2009 7 1 13,919,065 7,533,637 202,237 39,149 387,743 64,011 2,425,890 5,567,769 30,139,501 2,636,427 2,636,427 4,664,949 4,664,949 4,086 4,086 20,678 20,678 1,234 (4,227) 2,993 (337,382) 337,382 (345,351) (345,351) (5,938) (5,938) 2010 6 30 13,573,714 12,199,820 202,237 55,600 50,361 68,097 2,419,952 8,544,571 37,114,352 2010 6 30 13,170,677 12,199,820 202,237 55,600 50,361 68,097 2,419,952 8,544,571 36,711,315 2010 403,037 403,037 13,573,714 12,199,820 202,237 55,600 50,361 68,097 2,419,952 8,544,571 37,114,352 (1) (2) 2011 2010 4,555,089 2,634,575 (721) 4,554,368 2,634,575 186

2010 7 1 13,593,875 12,199,820 4,015,433 55,600 (5,895,287) 23,969,441 7,367 7,367 (1,132,664) (1,132,664) 19,696 19,696 7,586 (35,507) 27,921 1,505,737 1,505,737 (575,980) (575,980) 2011 6 30 13,017,895 12,214,773 5,521,170 39,789 (7,000,030) 23,793,597 2011 6 30 12,787,390 12,214,773 5,521,170 39,789 (7,000,030) 23,563,092 2011 230,505 230,505 13,017,895 12,214,773 5,521,170 39,789 (7,000,030) 23,793,597 2009 7 1 13,939,226 7,533,637 4,015,433 39,149 (6,147,465) 19,379,980 4,664,949 4,664,949 249,185 249,185 20,678 20,678 1,234 (4,227) 2,993 (345,351) (345,351) 2010 6 30 13,593,875 12,199,820 4,015,433 55,600 (5,895,287) 23,969,441 2010 6 30 13,190,838 12,199,820 4,015,433 55,600 (5,895,287) 23,566,404 2010 403,037 403,037 13,593,875 12,199,820 4,015,433 55,600 (5,895,287) 23,969,441 1999 1,132,664,000 2010 249,185,000 2011 187

32. 2011 2010 2011 2010 (i) 4,214,108 3,415,698 11,536,335 9,933,939 1,552,180 1,336,759 (ii) 2,612,658 2,606,381 (iii) 37,183 79,033 (iv) 1,756,491 1,660,041 4,092,691 3,635,663 (v) 377,180 361,234 20,533,955 18,056,326 5,644,871 4,972,422 (6,382,934) (1,979,853) (548,916) (4,638) 14,151,021 16,076,473 5,095,955 4,967,784 (i) 2011 2010 2011 2010 2011 2010 2011 2010 1 891,153 349,250 5,114,601 1,630,603 6,005,754 1,979,853 548,916 12 709,639 793,164 3,399,888 3,669,338 4,109,527 4,462,502 546,694 25 728,376 1,135,795 2,745,340 3,790,817 3,473,716 4,926,612 1,003,264 790,065 5 1,884,940 1,137,489 276,506 843,181 2,161,446 1,980,670 4,214,108 3,415,698 11,536,335 9,933,939 15,750,443 13,349,637 1,552,180 1,336,759 (ii) 2011 2010 12 2,606,381 25 2,612,658 2,612,658 2,606,381 2010 (iii) 5% 20105% (iv) 188

(v) 2007 6 2,800,000,000 0.1 8.044 2007 6 262012 5 26 10.9848 2010 6 11 2010 6 11102.27% 2012 6 11103.81% 2011 6 30313,200,0002010 331,200,000 18,000,0002010 2,218,800,000 (vi) 2011 2010 1.63% 5.67% 1.88% 5.47% 0.26% 0.26% 0.57% 0.57% 5.00% 5.00% 5.02% 4.91% 4.08% 4.08% (vii) 2011 6 30 6.1% 20109.3% 370,274,000307,328,000 2010328,482,000 289,064,000 (viii) 2011 2010 2011 2010 11,786,912 10,939,248 1,528,371 1,336,759 8,536,443 6,906,478 4,116,500 3,635,663 210,600 210,600 20,533,955 18,056,326 5,644,871 4,972,422 (ix) 37,183,000 201079,033,000 5 1 2011 189

33. 2009 6 30 (99,966) (304,794) (7,689) (404,391) 43,348 (39,043) 12,762 (799,773) (168,012) (75,695) 101,491 87,909 (89,052) 8,419 (134,940) (1,331,586) (1,331,586) 2010 6 30 (267,978) (380,489) (7,689) (1,634,486) 131,257 (128,095) 21,181 (2,266,299) (16,571) (29,202) (463) (75,278) 6,983 (10,621) 1,276 (123,876) (3,464) (176,510) 546,036 (14,755) (147,026) 794 205,075 2011 6 30 (288,013) (586,201) (8,152) (1,163,728) 123,485 (285,742) 23,251 (2,185,100) 721,097,000 2010 669,395,000 201620102015 2011 6 30 2,090,978,000 2010 414,709,000 190

34. 2011 2010 2011 2010 (i) 2,959,200 1,601,556 (ii) 755,791 733,548 28,485 14,548 3,714,991 2,335,104 28,485 14,548 : (i) 2011 2010 0 30 2,565,894 1,100,573 31 60 42,531 37,072 61 90 60,061 31,845 90 290,714 432,066 2,959,200 1,601,556 20112010 6 30 (ii) 35. 2011 2010 220,449 213,636 149,638 141,137 370,087 354,773 2.01% 6.72% 20102.32% 4.78% 2011 2010 99,966 100,000 270,121 254,773 370,087 354,773 2011 191

36. 20112010 6 30 37. 2011 2010 2011 2010 495,189 140,692 136,175 223,721 27,851 10,975 1,481,769 438,216 310,532 99,259 2,423,665 901,888 27,851 10,975 38. (i) 2,254,955,000 20102,340,179,000 2011 6 30 1,492,080,000 20101,513,782,000 10,352,591,000 2010 9,286,233,0002,254,955,000 20102,340,179,000 (ii) 2011 6 30 1,714,890,000 2010 1,654,666,000 (iii) 2011 6 30 313,200,0002010 331,200,000377,349,000 2010 376,364,000 192

39. (i) (a) 2011 2010 108,000 108,000 33,506 204,132 290,674 14,004 76,390 1,911,780 2,163,422 367,064 2,271,422 475,064 (b) 2011 2010 165,165 64,432 12,843 229,597 12,843 (ii) 2011 2010 2011 2010 2011 6 30 16,376 19,065 8,311 8,110 25 19,287 7,949 7,312 35,663 27,014 8,311 15,422 2011 193

40. (a) 2011 2010 4,954,013 3,070,920 (180,731) (249,457) 197,379 221,508 19,696 20,678 (14,207) (77,476) (1,978) (1,000) 24,500 12,000 (732,125) (654,285) (339,469) (54,000) 59,372 15,364 (1,268) 162,227 (1,332,086) (24,875) (386,890) (169,262) (639,432) 1,371 3,229,631 670,856 (4,090,194) (2,487,181) 919,207 (1,483,937) 515,165 (258,381) (89,196) 1,977,022 1,078,168 16,833 1,562,781 (1,564,788) 194

(b) 2011 2010 906,758 5,504,183 (120,137) 504,216 1,845,173 1,321,143 (189,395) (1,289,459) (99,189) (1,159,090) (1,331,586) 5,892,617 (2,778,903) 3,113,714 8 (1,332,086) 8 (732,125) 1,049,503 (c) 2011 2010 1,049,503 (1,321,143) (52,331) (323,971) 2011 195

41. (i) 2011 2010 (a) 5,751 24,225 (b) 15,721 15,328 (c) 7,573 19,784 (d) 3,966 595 (e) 117,354 139,056 (f) 3,119 3,415 (g) 108,663 76,785 (h) 44,261 15,903 (i) 32,260 14,976 (a) 32(ii) (b) (c) (d) (e) 23 (f) (g) (h) (i) (j) 757,411,000 2010912,438,000 (k) 1999 3 31 654,285,000 2010339,469,00013 (l) 2010 6 30 Guilherme Holdings (Hong Kong) LtdGuilherme 52.5%520,638,000 Guilherme50% 1,173,911,000 Guilherme 196

(ii) 2011 2010 58,108 42,697 2,956 2,222 7,942 7,442 69,006 52,361 (iii) 22 23 29 42. Rosewood Hotels and Resorts L.L.C.Rosewood 100% Carlyle 235,000,0001,833,200,00028,000,000218,400,000 2011 7 29Rosewood 2011 197

43. 2011 6 30 1 2011 2010 2011 2010 950,001 950,001 1 1,000,000 1,000,000 1 2 2 1 1 1 1 1 1 1 2,000 1,800 1 200 1 2 2 1 2 2 1 4 2 1 2 1 1 1 1 50,000,000 50,000,000 1 100% 100% 78.6% 78.6% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 198

1 2011 2010 2011 2010 Conful Enterprises Limited Ever Brisk Limited 1 1 1 1 1 1 1 1 1 2 2 1 1,000,000 1,000,000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 100 100 1 1 1 1 1 1 1 1 1 1 1 1 1 100% 100% 100% 100% 100% 100% 100% 100% 89.2% 89.2% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 2011 199

43. 1 2011 2010 2011 2010 Magic Chance Limited New World China Finance (BVI) Limited New World China Land Finance Limited New World Hotel Management (BVI) Limited Radiant Glow Limited Superb Wealthy Group Limited True Blue Developments Limited Twin Glory Investments Limited 1 1 1 1 1 1 1 1 1 100 100 1 1 1 1 1 1 1 1,000 1,000 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10,000 10,000 1 1 1 1 1 1 1 1 1 1 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 200

1 2011 2010 2011 2010 NWH Management Philippines, Incorporated 9,492,000 94,920 100 100% 100% 200,000,000 75% 2 75% 13,000,000 100% 100% 187,000,000 75% 99,500,000 60% 2 60% 58,000,000 88% 88% 143,250,000 100% 100% 52,923,600 75.9% 75.9% 330,000,000 100% 100% 24,000,000 100% 100% 200,000,000 100% 100% 244,000,000 100% 100% 100,000,000 100% 100% 286,000,000 90.5% 90.5% 191,350,000 100% 2 100% 8,000,000 100% 100% 640,000,000 100% 100% 376,389,430 95% 2 95% 2011 201

43. 1 2011 2010 2011 2010 55,800,000 100% 49,980,000 100% 100% 45,339,518 100% 100% 5,500,000 100% 100% 1,240,000,000 100% 100% 80,000,000 100% 100% 100% 100% 100,000,000 100% 100% 75,000,000 100% 100% 1,500,000 100% 100% 120,000,000 100% 100% 16,000,000 100% 100% 500,000 100% 1,647,800,000 90% 90% 212,209,000 80% 70% 42,000,000 100% 100% 81,000,000 100% 100% 201,520,000 100% 100% 294,000,000 100% 100% 202 150,000,000 100% 100%

1 2011 2010 2011 2010 80,000,000 100% 100% 75,000,000 100% 100% 4,500,000 100% 100% 2,830,000 100% 100% 10,447,500 100% 100% 16,000,000 100% 3 100% 13,750,000 100% 100% 8,000,000 100% 100% 1,000,000 1,000,000 1 8,000,000 8,000,000 1 10 10 1 50% 50% 30.6% 30.6% 40% 40% (i) 225,400,000 70% 70% 171,840,000 70% 70% 12,000,000 70% 70% 2011 203

43. 1 2011 2010 2011 2010 (i) 12,000,000 55% 55% 57,200,000 70% 70% 80,000,000 62.5% 62.5% 96,000,000 60% 60% 49,750,000 60% 60% (ii) 16,950,000 39% 39% (iii) 20,820,000 59% 59% 50,003,000 62.5% 62.5% 79,597,000 62.5% 62.5% 108,500,000 50% 50% 1. 2. Solar Leader LimitedSolar Leader 2006 9 11 Solar Leader 50% 3. 204

2011 2010 2009 2008 2007 13,557,227 6,340,752 2,038,623 3,523,527 2,474,238 4,685,543 2,790,676 1,208,255 1,851,831 721,433 18,864 15,860 171,783 241,514 141,133 359,312 463,814 93,547 285,972 452,276 5,063,719 3,270,350 1,473,585 2,379,317 1,314,842 (1,917,443) (629,183) (179,362) (355,739) (132,054) 3,146,276 2,641,167 1,294,223 2,023,578 1,182,788 3,025,826 2,636,427 1,359,369 2,019,935 1,191,444 120,450 4,740 (65,146) 3,643 (8,656) 3,146,276 2,641,167 1,294,223 2,023,578 1,182,788 2011 2010 2009 2008 2007 16,723,223 14,654,688 11,499,361 8,803,282 7,124,336 12,478,678 10,610,021 7,344,944 6,870,382 7,852,456 413,476 400,705 383,246 1,947,102 1,746,047 9,633,728 9,905,121 13,284,317 11,278,973 10,484,071 23,394 23,394 82,766 127,766 48,095 58,362 221,996 217,910 209,275 71,427 120,308 9,091 26,136 40,909 21,054,114 21,922,155 11,115,283 12,443,887 10,444,692 60,384,975 57,747,171 43,953,963 41,841,884 37,771,124 (14,151,021) (16,076,473) (11,117,308) (10,253,824) (9,797,465) (2,185,100) (2,266,299) (799,773) (551,554) (502,076) 44,048,854 39,404,399 32,036,882 31,036,506 27,471,583 2011 205

1 70% 85,626 2 70% 20,414 34,808 69,263 3 70% 978,881 121,676 4 70% 30,626 5 75% 104,240 6 100% 345,400 7 100% 277,500 8 100% 240,002 9 100% 301,641 10 100% 214,018 80,831 11 B 90% 38,452 B 595,403 1,334,021 12 90% 648,784 581,032 13 100% 79,497 14 AIII-IV 100% 148,143 A 24,969 963,031 15 100% 83,571 16 C 100% 25,900 D 38,895 E 8,483 17 60% 70,438 54,032 A 260,903 B 177,107 1,024,391 18 100% 63,955 19 100% 312,850 340,000 20 A 48% 109,169 B 121,563 A 178,560 B 120,711 467,418 21 100% 1,240,264 22 B 30% 142,895 225,123 3,258,005 206

768 17,311 52,625 14,922 2012 10 18,146 2,268 2013 3 8,661 17,487 8,660 10,842 37,181 21,240 2014 10 578,493 145,778 254,610 78,670 43,006 2015 6 22,888 7,738 2012 9 100,921 3,319 2013 12 111,120 14,930 130,540 45,330 43,480 2014 6 256,000 21,500 2014 11 86,885 39,295 48,805 65,017 2014 12 189,401 10,069 102,171 2013 12 145,201 6,587 16,669 45,561 2014 5 43,201 11,500 26,130 2015 8 38,452 2012 10 451,654 14,587 129,162 2013 12 1,076,438 5,413 252,170 285,704 66,669 296,411 2013 3 283,673 267,648 29,711 46,624 25,363 7,510 2013 6 112,024 1,328 34,791 2013 5 24,969 2012 9 695,171 30,200 237,660 2017 5 83,571 2012 9 25,900 2012 6 38,895 2013 6 8,483 2013 12 62,235 2,503 5,700 2013 10 33,126 2,597 18,309 2012 6 239,681 9,490 11,732 2013 6 137,056 4,286 35,765 2014 6 592,318 125,437 54,100 74,000 178,536 12,000 40,792 11,163 265,000 12,300 35,550 2012 6 45,000 45,000 100,000 50,000 100,000 79,958 8,341 20,870 2013 6 104,089 17,474 2012 6 131,820 46,740 2013 6 98,234 4,977 17,500 2014 12 388,182 37,336 41,900 946,780 61,794 231,690 142,895 2012 1 149,373 75,750 2013 6 2,112,303 184,277 50,210 911,215 2011 207

23 50% 428,658 147,249 10,203 2,931,712 24 100% 25,236 25 100% 92,743 26 91% 125,664 27 A 100% 129,369 B 87,218 425,267 268,251 28 E 100% 50,483 166,522 A 26,820 B 85,768 189,192 425,536 29 100% 122,395 64,932 30 B 63% 103,819 86,219 31 76% 979,991 32 100% 125,385 33 100% 69,972 34 100% 92,271 81,582 13,982 36,225 35 88% 162,717 36 Resort 59% 17,531 Resort 264,730 37 63% 148,307 84,712 38 100% 145,849 39 100% 165,421 40 100% 111,815 2,393,813 26,530,050 208

287,949 140,709 2012 6 57,349 983 18,333 39,521 31,063 2013 6 10,203 2013 12 2,086,515 242,462 602,735 22,661 2,575 2015 7 82,905 9,838 2013 5 115,315 2,674 7,675 2012 3 119,138 10,231 2013 5 87,218 2013 11 383,704 24,862 16,701 220,737 19,199 28,315 40,611 1,970 7,902 2011 11 66,012 67,152 33,358 24,900 1,920 2012 6 85,768 2012 8 168,154 21,038 2013 9 263,675 49,005 112,856 78,225 44,170 2014 4 64,932 73,122 30,697 2012 12 86,219 2014 6 926,464 53,527 95,686 29,699 2013 8 59,202 10,770 2012 11 69,174 2,269 20,828 2011 12 79,351 2,231 13,982 2013 6 28,625 7,600 162,717 17,531 2012 3 264,730 108,529 1,950 37,828 2013 2 50,804 13,840 20,068 2014 1 106,456 10,162 29,231 2013 8 124,351 41,070 2013 12 70,847 7,813 33,155 2013 7 1,569,800 125,053 20,000 38,860 640,100 18,063,429 1,834,409 768,866 522,156 5,341,190 2011 209

41 70% 94,188 42 70% 73,392 43 70% 16,415 44 70% 34,544 3,439 8,051 1a 70% 43,707 2a 70% 24,004 3a 70% 24,800 45 70% 39,915 46 100% 62,286 47 100% 97,784 48 100% 7,395 10a 100% 6,512 11a 90% 204,821 14a 100% 34,442 49 88% 69,196 15a 100% 48,982 50 50% 130,385 51 100% 24,081 52 100% 34,340 37,935 53 100% 130 54 100% 121,828 100% 10,004 18a 100% 142,013 55 K11 100% 20,709 17a 60% 96,019 56 60% 72,006 20a 48% 29,640 22a 30% 76,561 57 100% 52,794 23a 50% 22,448 24a 100% 13,873 25a 100% 31,836 26a 91% 60,395 27a 100% 37,327 28a 100% 78,518 30a 63% 41,364 32a 100% 14,162 58 35% 48,517 34a 100% 15,062 37a 63% 31,128 2,136,948 210

74,232 19,956 46,378 27,014 16,415 34,544 3,439 8,051 43,707 12,606 11,398 3,603 21,197 11,730 28,185 40,286 22,000 78,325 8,175 11,284 7,395 6,512 5,692 199,129 34,442 49,413 19,783 27,067 21,915 35,474 80,549 14,362 24,081 20,743 13,597 37,935 130 104,556 17,272 10,004 45,766 62,714 33,533 10,295 10,414 64,370 13,607 18,042 36,069 35,937 5,846 23,794 76,561 41,712 11,082 18,958 3,490 8,275 5,598 23,854 7,982 29,868 17,408 13,119 14,906 22,421 22,220 6,957 49,341 22,887 18,477 3,099 11,063 33,577 14,940 15,062 17,856 13,272 90,023 799,088 279,605 968,232 2011 211

59 55% 23,988 60 100% 21,169 61 100% 53,248 62 100% 46,942 63 100% 13,353 64 60% 29,411 65 33% 36,524 224,635 2,361,583 212

23,988 21,169 53,248 46,942 13,353 29,411 36,524 224,635 90,023 799,088 279,605 224,635 968,232 2011 213

7 16 30 214

2011 215

P.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 18 1 9 Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 609 Grand Cayman KY1-1107 Cayman Islands 28 26 00917 18 1 9 (852) 2131 0201 (852) 2131 0216 enquiry@nwcl.com.hk www.nwcl.com.hk 216

2011