2012 3 28 2012 5 28 2012 3 28 2012 3 28 1 2 37 3712-15 1 H 183 17 1712-1716 www.zjky.cn 2899 2

2 4 7 25 36 41 77 82 95 97 99 100 102 104 106 107 109 111 314

2012 3 28 2012 5 28 2012 3 28 2012 3 28 1 2 37 3712-15 1 H 183 17 1712-1716 www.zjky.cn 2899 2

( ) 2000 9 6 2003 12 2004 2005 2006 2007 2008 4 7.13 14 A 2008 4 25 0.1 2010 2010 14,541,309,100 10 5 7,270,654,550 21,811,963,650 21,811,963,650 0.1 6,008,160,000 H 27.55%,15,803,803,650 A 72.45% 2012 90.328 32.075 2012 244 841.065 250 4,306.14 2012 3

2012 2011 2010 2009 2008 12 31 2012 2011 2010 48,414,719,206 39,763,915,441 28,539,578,900 36,374,864,074 27,536,543,588 18,337,383,129 541,098,426 382,045,241 352,964,119 596,860,745 433,256,436 468,769,177 1,874,254,433 1,609,339,207 1,362,043,598 803,965,178 496,400,784 190,780,667 270,720,072 202,878,294 175,688,227 12,986,146 (57,130,642) 107,325,325 639,884,580 561,775,828 207,630,138 242,514,892 205,253,368 137,365,606 8,605,827,004 9,608,097,077 7,966,905,446 220,898,413 134,572,479 99,971,340 270,666,100 466,367,867 735,305,014 42,731,004 41,842,806 78,834,417 8,556,059,317 9,276,301,689 7,331,571,772 2,402,806,003 2,365,776,280 1,575,823,347 6,153,253,314 6,910,525,409 5,755,748,425 5,211,208,977 5,712,569,100 4,827,916,726 942,044,337 1,197,956,309 927,831,699 146,597,757 (894,452,113) 344,979,505 6,299,851,071 6,016,073,296 6,100,727,930 5,357,778,200 4,818,341,189 5,172,154,730 942,072,871 1,197,732,107 928,573,200 4

( ) 12 31 2009 2008 20,215,111 16,322,275 (13,642,427) (10,329,182) 6,572,684 5,993,093 608,982 522,199 (376,971) (316,948) (717,709) (826,891) (968,942) (630,942) (168,425) (247,326) 79,050 11,370 16,654 28,502 5,045,323 4,533,057 (968,254) (639,031) 4,077,069 3,894,026 3,552,347 3,066,201 524,722 827,825 4,077,069 3,894,026 2012 5

( ) 12 31 2012 2011 2010 2009 2008 67,354,421 52,320,199 38,401,232 29,646,137 26,217,549 33,771,455 22,187,522 12,372,562 8,032,671 7,038,424 5,401,377 5,124,066 4,197,100 3,443,285 3,044,737 28,181,589 25,008,611 21,831,570 18,170,181 16,134,388 2012 2011 2010 2009 2008 6,314,740 4,917,188 3,791,472 2,999,054 2,719,868 (%) 106 110 115 125 142 5.09 5.36 6.92 6.68 6.89 6

2012 12 31 2012 48,414,719,206 21.76% 5,211,208,977 8.78% 0.24 7.69% 5,211,208,977 2011 5,712,569,100 21,811,963,650 2011 21,811,963,650 2012 2012 1,569.35 1,795.98 1,527.82 1,675.25 7% 6.39% 13.6% 10% 11.3% 11.2% 2012 403.1 42.1 11.66% 341.8 2012 32.075 9.38% 350 85.56 24.45% 2012 1,625,740.09 2011 1,384,948.86 17.4% 2012 104,603.03 6.43% 2012 7

( ) 484.15 21.76% 397.64 52.11 8.78% 57.13 2012 12 673.54 28.74% 523.20 281.82 12.69% 250.09 90,328.16 2,904,116 4.82%86,170.80 32,075.43 1,031,248 12.04% 28,628.37 16,376.07 526,502 2,556.57 82,196 2,332.70 74,998 5 1,541.58 49,563 1,511.51 48,596 7,757.00 249,393 58,252.72 1,872,867 1.23%57,542.43 31,418.38 1,010,124 16,686.33 536,478 5,279.08 169,726 4,868.93 156,540 59.39% 76.91% 1 (troy ounce) 31.1035 216,599.27 145.94% 88,070.71 104,603.03 4,832.56 22.39% 85,468.61 111,996.24 8

( ) 32,066.33 1.92%32,693.91 28,280.80 0.49%28,143.39 17,016.1 2,106.70 91.10%8,904.1 9,637.58 6.51%9,048.91 11,000.21 2,725.86 385.12%2,267.54 111,996.24 107,998.89 18.25% 17.37% 184,501.88 17.15%222,702.36 147,962.84 21.14%187,616.00 36,539.04 4.14% 35,086.36 25,505.94 30.61%19,527.78 8,531.82 2,501.29 4,809.48 33.93%3,590.99 4.38% 0.46% 263,347.55 80.98%145,509.46 122,222.86 314.83%29,463.47 141,124.69 21.61%116,045.99 52,009.41 24,218.10 20,065.08 13,798.88 10,501.19 20,532.03 101,305.46 19,852.75 1,064.65 2012 9

( ) 231.69 18.39%195.69 17.98% 5.26% 4.49 38.85 3.37 4.97 60.45 40.8 204.67 1.72 16 126.4 118.57 2012 244 841.065 250 4,306.14 2012 2012 2012 2011 2011 (%) (t) 1,077.34 926.32 16.3% (t) 114.88 117.07-1.9% (t) 1,192.22 1,043.39 14.3% t 1,179.39 1,161.29 1.6% (t) 1,510.00 1,548.6-2.5% t 42.11 35.23 19.5% t 634.70 539.73 17.6% t 128.42 106.01 21.1% t 16.97 17.34-2.1% t 13.99 9.93 40.9% t 2.08 2.14-2.8% t 4.89 4.592 6.5% 165.09 13.27 Golder Associates Consulting Ltd. Golder SRK Consulting China Ltd. SRKNI 43-101 NI 43-101 21 7 10

( ) (a) 21 NI 43-101 NI 43-101 CPR + + (%) 1 Golder (Mt) 224 25 249 33.66 155.22 188.88 60.12 31.30 (g/t) 0.42 0.4 0.42 0.41 0.01 (t) 93.48 10 103.48 16.14 60.92 77.06 26.42 34.29 (Mt) 424 118 542 291.73 152.63 444.36 97.64 21.97 (%) 0.48 0.44 0.47 0.44 0.03 (10kt) 203.06 51.92 254.98 130.80 62.61 193.41 61.57 31.83 2 Golder (Mt) 136.38 29.62 165.99 43.86 49.37 93.23 72.76 78.05 (g/t) 0.44 0.44 0.44 0.49-0.05 (t) 59.75 13.03 72.79 21.84 24.25 46.09 26.70 57.94 (Mt) 136.38 29.62 165.99 43.86 49.37 93.23 72.77 78.05 (%) 0.17 0.16 0.17 0.19-0.02 (10kt) 23.74 4.74 28.48 8.51 9.03 17.54 10.94 62.41 3 Golder (Mt) 25.33 11.21 36.54 13.48 14.41 27.89 8.65 31.00 (%) 2.07 2.04 2.06 2.18-0.12 (10kt) 52.79 22.87 75.66 35.82 25.09 60.92 14.74 24.20 (Mt) 25.33 11.21 36.54 5.40 3.35 8.76 27.78 317.27 (%) 0.97 0.64 0.88 2.68-1.80 (10kt) 24.66 7.73 32.39 14.77 8.70 23.47 8.92 38.01 (Mt) 25.33 11.21 36.54 (%) 24.08 34.18 27.18 (10kt) 613.21 383.16 996.37 2012 11

( ) NI 43-101 CPR + + (%) 4 SRK (Mt) 445.9 249.51 695.41 232.02 252.01 484.03 211.38 43.67 (%) 0.39 0.38 0.39 0.41-0.02 (10kt) 172.5 94.81 267.31 101.05 99.59 200.64 66.67 33.23 (Mt) 445.9 249.51 695.41 232.02 252.01 484.50 210.91 43.53 (%) 0.012 0.019 0.015 0.014 0.00 (10kt) 5.35 4.74 10.09 3.40 3.54 6.94 3.15 45.29 5 SRK (Mt) 11.72 15.27 26.99 1.98 9.21 11.19 15.80 141.23 (g/t) 2.76 2.3 2.5 4.05-1.55 (t) 32.35 35.04 67.39 7.77 37.49 45.26 22.13 32.84 6 Golder (Mt) 23.37 6.85 30.22 17.99 10.19 28.18 2.04 7.22 (%) 1.2 1 1.15 1.16-0.01 (10kt) 28.04 6.85 34.89 20.21 12.33 32.54 2.35 7.22 (Mt) 23.37 6.85 30.22 0.00 27.37 27.37 2.85 10.40 (%) 0.08 0.06 0.07 0.07 0.00 (10kt) 1.87 0.41 2.28 0.00 1.81 1.81 0.47 26.25 (Mt) 23.37 6.85 30.22 3.29 2.21 5.50 24.72 449.58 (%) 0.39 0.3 0.37 1.08-0.71 (10kt) 9.11 2.06 11.17 3.65 2.28 5.93 5.24 88.43 (Mt) 23.37 6.85 30.22 (%) 30.6 26.8 29.7 (10kt) 715.12 183.58 898.7 7 Golder (Mt) 22.9 12.2 35.3 6.07 28.95 35.02 0.28 0.81 (g/t) 1.43 1.29 1.38 1.57-0.19 (t) 32.75 15.74 48.49 13.00 41.89 54.90-6.41-11.67 12

( ) NI 43-101 CPR + + (%) 8 SRK (Mt) 33.45 33.45 12.54 0.90 13.45 20.00 148.76 (g/t) 0.71 0.71 0.92-0.21 (t) 23.75 23.75 11.69 0.69 12.38 11.37 91.81 9 Golder (Mt) 379.3 107.9 487.2 (%) 0.33 0.37 0.34 (10kt) 125.17 39.92 165.09 (Mt) 379.3 107.9 487.2 (%) 0.029 0.021 0.027 (10kt) 11 2.27 13.27 10 Golder (Mt) 26.59 32.14 58.74 4.19 4.44 8.63 50.11 580.79 (g/t) 0.41 0.38 0.4 0.36 0.04 (t) 10.99 12.21 23.2 1.51 1.60 3.11 20.09 646.90 (Mt) 26.59 32.14 58.74 4.19 4.44 8.63 50.11 580.79 (%) 0.17 0.19 0.18 0.23-0.05 (10kt) 4.43 6.11 10.54 0.96 1.06 2.02 8.52 420.73 (Mt) 26.59 32.14 58.74 4.19 4.44 8.63 50.11 580.79 (g/t) 52.3 40.5 45.84 73.12-27.28 (t) 1,390.62 1,301.67 2,692.29 300.15 330.71 630.86 2,061.43 326.77 (Mt) 30.54 16.63 47.17 4.05 7.39 11.44 35.73 312.32 (%) 0.37 0.36 0.37 0.61-0.24 (10kt) 11.3 5.99 17.29 2.68 4.27 6.95 10.34 148.75 (Mt) 30.54 16.63 47.17 4.05 7.39 11.44 35.73 312.32 (g/t) 0.32 0.33 0.32 0.42-0.10 (t) 9.77 5.49 15.26 1.72 3.08 4.79 10.47 218.52 (Mt) 30.54 16.63 47.17 4.05 7.39 11.44 35.73 312.32 (g/t) 8.97 10.22 9.41 17.87-8.46 (t) 273.94 169.96 443.9 72.43 132.02 204.45 239.45 117.12 11 Golder (Mt) 16.6 0.6 17.3 7.35 5.31 12.66 4.64 36.60 (g/t) 2.5 2.82 2.52 2.96-0.44 (t) 41.6 1.9 43.5 23.41 14.02 37.43 6.07 16.22 2012 13

( ) NI 43-101 CPR + + (%) 12 Golder (Mt) 7.1 2.6 9.7 1.60 0.48 2.09 7.61 364.61 (g/t) 1.78 1.6 1.73 2.57-0.84 (t) 12.64 4.16 16.80 4.18 1.18 5.36 11.44 213.31 13 SRK (Mt) 48.4 145.71 194.11 41.62 43.90 85.52 108.59 126.99 (%) 0.18 0.14 0.15 0.18-0.03 (10kt) 8.78 20.64 29.42 6.63 8.68 15.31 14.11 92.20 (Mt) 48.4 145.71 194.11 41.62 43.90 85.52 108.59 126.99 (%) 0.046 0.038 0.039 0.057-0.02 (10kt) 2.2 5.46 7.66 2.44 2.41 4.85 2.81 57.88 14 Golder (Mt) 47 69 116 13.96 35.67 49.63 66.37 133.74 (%) 0.33 0.3 0.31 0.36-0.05 (10kt) 15.51 20.7 36.21 5.09 13.02 18.11 18.10 99.95 (Mt) 47 69 116 0.00 49.63 49.63 66.37 133.74 (g/t) 0.14 0.19 0.17 0.27-0.10 (t) 6.58 13.11 19.69 0.00 13.23 13.23 6.46 48.81 15 Golder (Mt) 53.5 300.87 354.37 290.31 80.21 370.52-16.15-4.36 (%) 0.103 0.058 0.064 0.063 0.00 (10kt) 5.52 17.3 22.83 19.99 3.51 23.50-0.67-2.87 16 Golder (Mt) 3.97 3.97 1.28 2.76 4.04-0.07-1.70 (%) 1.92 1.92 1.70 0.22 (10kt) 7.62 7.62 2.30 4.56 6.86 0.76 11.10 17 Golder (Mt) 48.4 106 154.4 87.32 50.53 137.85 16.55 12.01 (%) 1.89 1.8 1.83 1.92-0.09 (10kt) 91.48 190.80 282.28 175.09 89.46 264.55 17.73 6.70 (Mt) 48.4 106 154.4 86.00 47.74 133.74 20.66 15.45 (%) 0.42 0.4 0.41 0.45-0.04 (10kt) 20.33 42.40 62.73 41.32 18.52 59.84 2.89 4.83 14

( ) NI 43-101 CPR + + (%) 18 Golder (Mt) 17.4 62.6 80 10.20 29.15 39.35 40.65 103.32 (%) 0.29 0.28 0.28 0.35 0.07 (10kt) 5.05 17.42 22.47 4.04 9.92 13.96 8.51 60.92 (Mt) 17.4 57.3 74.7 0.00 33.10 33.10 41.6 125.67 (%) 0.02 0.013 0.014 0.024-0.01 (10kt) 0.35 0.74 1.09 0.00 0.80 0.80 0.29 35.74 19 SRK (Mt) 10.03 17.45 27.48 15.53 19.89 35.42-7.94-22.43 (%) 0.51 0.55 0.53 0.45 0.08 (10kt) 5.09 9.56 14.65 8.13 7.78 15.91-1.26-7.93 20 SRK (Mt) (%) (10kt) 63.07 32.7 23.47 24.77 86.53 30.55 53.69 38.49 92.18-5.65-6.13 21 Golder (Mt) 372.87 12.64 385.51 377.78 10.73 388.51-3.00-0.77 2012 15

( ) NI 43-101 1 137641005-001-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 2 137641005-006-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 3 SCN301 Anshun Xu SRK Consulting China Ltd. 4 SCN309 Yiefei Jia SRK Consulting China Ltd. 5 SCN308 Yiefei Jia SRK Consulting China Ltd. 6 137641005-010-L-Rev0 Alan Miller Golder Associates Pty Ltd 7 137641005-005-L-Rev0 Alan Miller Golder Associates Pty Ltd 8 SCN306 Yonglian Sun SRK Consulting China Ltd. 9 117641073-005-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 10 137641005-004-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 11 128511010-002-L-Rev0 Alan Miller Golder Associates Pty Ltd 12 128511010-001-L-Rev0 Andrew Weeks Golder Associates Pty Ltd 13 SCN312 Yuan Chen SRK Consulting China Ltd. 14 137641005-008-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 15 128511010-005-L-Rev0 Peter Onley Golder Associates Pty Ltd 16 128511010-003-L-Rev0 Sia Khosrowshahi Golder Associates Pty Ltd 17 128511010-006-L-Rev0 Peter Onley Golder Associates Pty Ltd 18 137641009-001-L-RevA Sia Khosrowshahi Golder Associates Pty Ltd 19 SCN313 Yuan Chen SRK Consulting China Ltd. 20 SCN302 Anshun Xu SRK Consulting China Ltd. 21 128511010-004-L-Rev0 Willem van der Schyff Golder Associates Pty Ltd 16

( ) (b) NI 43-101 7 NI 43-101 CPR NI 43-101 CPR + 1 Golder (Mt) 93 130 224 25 248 97 123 220 (g/t) 0.46 0.39 0.42 0.4 0.42 0.41 0.35 0.37 (t) 42.78 50.7 93.48 10 103.48 39.77 43.05 82.82 (Mt) 126 298 424 118 542 147 280 427 (%) 0.5 0.47 0.48 0.44 0.47 0.41 0.365 0.38 (10kt) 63 140.06 203.06 51.92 254.98 60.47 102.2 162.67 2 Golder (Mt) 55.89 80.48 136.38 29.62 165.99 40 49 89 (g/t) 0.45 0.43 0.44 0.44 0.44 0.48 0.47 0.47 (t) 25.15 34.61 59.75 13.03 72.79 19.2 23.03 42.23 (Mt) 55.89 80.48 136.38 29.62 165.99 40 49 89 (%) 0.18 0.17 0.17 0.16 0.17 0.19 0.18 0.18 (10kt) 10.06 13.68 23.74 4.74 28.48 7.6 8.82 16.42 3 SRK (Mt) 15.43 9.9 25.33 11.21 36.54 15.25 7.64 22.89 (%) 2.51 1.42 2.07 2.04 2.06 2.5 1.55 2.18 (10kt) 38.73 14.06 52.79 22.87 75.66 38.13 11.84 49.97 (Mt) 15.43 9.9 25.33 11.21 36.54 15.25 7.64 22.89 (%) 1.22 0.59 0.97 0.64 0.88 1.22 0.78 1.07 (10kt) 18.82 5.84 24.66 7.73 32.39 18.61 5.96 24.57 4 SRK (Mt) 152.62 293.28 445.9 249.51 695.41 143.8 254.43 398.24 (%) 0.4 0.38 0.39 0.38 0.39 0.38 0.37 0.37 (10kt) 61.05 111.45 172.5 94.81 267.31 54.8 93.9 148.7 (Mt) 152.62 293.28 445.9 249.51 695.41 143.8 254.43 389.24 (%) 0.012 0.012 0.012 0.019 0.015 0.012 0.011 0.012 (10kt) 1.83 3.52 5.35 4.74 10.09 1.7 2.9 4.6 5 SRK (Mt) 11.72 11.72 15.27 26.99 8.26 8.26 (g/t) 2.76 2.76 2.3 2.5 2.84 2.84 (t) 32.35 32.35 35.04 67.39 23.44 23.44 6 SRK (Mt) 33.45 33.45 33.45 18.75 18.75 (g/t) 0.71 0.71 0.71 0.75 0.75 (t) 23.75 23.75 23.75 14.06 14.06 7 SRK (Mt) (%) (10kt) 63.06 32.7 63.07 32.7 23.47 24.77 86.53 30.55 57.18 31.16 57.18 31.16 2012 17

( ) NI 43-101 1 137641005-002-L-Rev0 Ross Bertinshaw Golder Associates Pty Ltd 2 137641005-007-L-Rev0 Ross Bertinshaw Golder Associates Pty Ltd 3 SCN301 Anshun Xu SRK Consulting China Ltd. 4 SCN309 Yiefei Jia SRK Consulting China Ltd. 5 SCN308 Yiefei Jia SRK Consulting China Ltd. 6 SCN306 Yonglian Sun SRK Consulting China Ltd. 7 SCN302 Anshun Xu SRK Consulting China Ltd. 20 180 Inter-Citic 1.12 200 43.19 20 2.5 30 1 2013 18

( ) 2 23 17 7 4 15 8 (ZIJIN SHG) ERP 7 2 2012 9.21 1.90 19% 10.1% 2012 19

( ) 2013 2010 7.3 9.21 2020 2013 33 11.5 125 8 220 47 151 20 15 20

( ) 2013 2013 3 5 2012 21

( ) 330 6,000 ERP 22

( ) 2013 50 4.4 40-80 7.3 2012 23

( ) 2011 4 2011 6 2011 7 S 480,000,000 2016 4.25% 2013 3 27 24

2012 484.15 21.76% 397.64 2011 12 31 2012 1-12 2011 1-12 326.95 33,160 1,084,154 317.48 28,698 911,102 338.09 58,254 1,969,480 335.92 56,815 1,908,551 4.07 138,434 56,276 4.82 116,461 56,110 42,003 106,561 447,591 49,466 86,897 429,848 48,437 110,557 535,498 51,062 2,578 13,164 7,782 37,033 28,818 8,923 35,632 31,795 12,965 154,028 199,692 14,482 186,841 270,576 614 240.14 147,502 693 188.30 130,439 843,556 456,354-471,095-231,547 4,841,472 3,976,392 (1) 6.89 6.50 6.68 6.50 57.79 2012 1-12 2.53% 4,188.37% 28.20 99.77 2012 25

( ) 2011 12 31 1 (%) 2012 1-12 2011 1-12 % 2012 1-12 2011 1-12 2 120.82 86.47 39.72 63.05 72.76 335.03 334.32 0.21 0.90 0.48 2.05 2.00 2.78 49.48 58.53 14,511 13,318 8.96 65.45 73.08 3 50,069-3.37 2,697 2,758-2.22 65.34 69.09 13,243 14,695-9.88-2.15-1.48 221 212 4.24 63.99 69.37 24.87 30.75 64.94 72.69 1 2 2012 2012 109 26% 2012 66.7% 6.06 3 20 24.87% 5.88 64.94% 7.75 26

( ) 2011 12 31 % % % 1,832,229,659 45.74% 1,064,276,507 42.89% 72.16% 464,708,839 11.60% 286,917,607 11.56% 61.97% 332,837,298 8.31% 174,711,135 7.04% 90.51% 271,666,374 6.78% 179,300,111 7.23% 51.51% 1,104,741,626 27.58% 776,308,453 31.28% 42.31% 153,684,647 54.06% 129,652,957 55.72% 18.54% 25,942,469 9.13% 25,312,351 10.88% 2.49% 33,588,830 11.81% 25,072,472 10.77% 33.97% 19,127,498 6.73% 15,611,960 6.71% 22.52% 51,956,280 18.28% 37,052,042 15.92% 40.23% 698,177,979 45.15% 493,949,801 42.68% 41.35% 122,815,910 7.94% 103,186,925 8.92% 19.02% 134,960,599 8.73% 118,924,637 10.28% 13.48% 204,970,612 13.26% 132,130,466 11.42% 55.13% 385,417,610 24.92% 309,115,363 26.71% 24.68% 50,316,781 50.37% 48,761,587 49.61% 3.19% 8,931,797 8.94% 9,675,162 9.84% -7.68% 8,866,287 8.88% 10,704,683 10.89% -17.17% 9,961,158 9.97% 9,219,857 9.38% 8.04% 21,814,886 21.84% 19,927,693 20.27% 9.47% 348,747,414 65.66% 289,468,764 72.45% 20.48% 20,068,803 3.78% 14,454,414 3.62% 38.84% 35,711,215 6.72% 25,401,496 6.36% 40.59% 42,393,619 7.98% 34,320,943 8.59% 23.52% 84,202,443 15.85% 35,902,020 8.99% 134.53% 1 2 39.72% 8.96% 4.24% 15.56% 15.09% 12.79% 11.40% 5 492,148 13.46% 2012 27

( ) 5 2012 (%) 2,414,265,635.31 6.60 857,866,478.78 2.35 845,797,887.83 2.31 452,072,819.19 1.24 351,480,078.13 0.96 5 2,796,502 57.76% 5 2012 (%) 23,456,655,918 48.45 1,842,104,333 3.80 1,273,887,849 2.63 726,358,808 1.50 666,015,966 1.38 27,965,022,874 57.76 59,686 37.76% 43,326 8,715 5,299 28

( ) 187,425 16.46% 160,934 13,625 27.37% 4,630 3,958 2,412 80,397 61.96% 49,640 27,072 20,288 2,781 4,182 3,489 11,398 4,500 722 1,299 2011 7,012-5,713 22,612 3,036 2,361 10,271 8,603 1,377 834 29,890 12,525 2,882 1,058 5,091 609 2012 29

( ) 63.15 13.98 28.43% 54.08 9.82 527.39 98.84 473.32 108.68 99.36 22.32 (1) 79.96 (2) 22.28 (3) 10.09 59.35 34.02 135.58 2011 12 31 63.49 69.04 33.18 33.36 1.16% 7.87% 2011 2.9% 7.61% 640 30

( ) 88,482,452 25,475,738 113,958,190 (%) 0.3393 (%) 0.2354 (%) (%) (%) 1,084,154 400,618 63.05 18.99 61.44-9.71 1,969,480 1,951,691 0.90 3.19 2.75 0.42 56,276 28,430 49.48 0.30 22.17-9.05 447,591 154,634 65.45 4.13 33.62-7.63 535,498 553,547-3.37 3,967.84 4,407.08 28,818 9,989 65.34-9.36 1.63-3.76 199,692 203,977-2.15-26.20-25.71-0.67 147,502 53,112 63.99 13.08 32.93-5.38 843,556 719,060 14.76 84.85 104.69-8.26-471,095-437,572 4,841,472 3,637,486 24.87 21.76 32.10-5.88 2012 31

( ) (%) 48,414,719,206 39,763,915,441 21.76 36,374,864,074 27,536,543,588 32.10 596,860,745 433,256,436 37.76 1,874,254,433 1,609,339,207 16.46 803,965,178 496,400,784 61.96 113,958,190 97,680,601 16.66 541,098,426 382,045,241 41.63 270,720,072 202,878,294 33.44 12,986,146 (57,130,642) (122.73) 220,898,413 134,572,479 64.15 270,666,100 466,367,867 (41.96) 32

( ) 2012 560 150 100 863 973 11 20 39 16 148 102 67 27 33,771,455,302 2011 12 31 22,187,522,375 33,582,965,739 2011 12 31 30,132,676,957 1.006 2011 12 31 0.736 5,211,208,977 2011 5,712,569,100 8.78% 0.24 7.69% 5,211,208,977 2011 5,712,569,100 21,811,963,650 2011 21,811,963,650 2012 33

( ) 2012 2011 2,497,883,147 2,527,306,040 3,041 (95,077,144) (161,532,801) 2,402,806,003 2,365,776,280 2012 2011 8,556,059,317 9,276,301,689 1 2,139,014,829 2,319,075,422 (84,222,712) 16,582,695 87,418,802 16,212,501 2 (96,322,880) (175,773,204) 3 56,891,085 89,678,618 (971,453) (21,547,998) 300,998,332 121,548,246 2,402,806,003 2,365,776,280 1 2011 16.5% 2: 2012 242,514,892 2011 205,253,368 3: 2012 15,913,590 2011 124,631,890 34

( ) 2012 2011 24,333,698,904 17,931,875,798 22,978,617,534 16,364,642,839 1,355,081,370 1,567,232,959 2012 2011 67,354,421,041 52,320,199,332 22,978,617,534 16,364,642,839 44,375,803,507 35,955,556,493 2012 35

56 2000 2006 8 2009 11 56 2000 8 2006 8 2006 8 2009 11 66 2000 8 2012 3 28 55 2012 5 28 49 2000 8 2006 8 2006 8 45 1996 3 2006 8 2009 11 58 2005 2006 8 2009 11 36

( ) 68 1968 2008 6 79 2006 8 70 2006 8 67 2006 8 58 1986 1992 1993-1996 (Richards Butler) 1996 1997-2001 ING 2001 2004 2009 11 2012 37

( ) 49 2009 11 62 2000 8 2006 8 51 2009 11 57 1996 10 2009 11 62 2000 2006 8 38

( ) 47 1994 2006 8 49 1993 12 2006 8 39 1997 8 2006 8 43 1993 2009 11 59 2001 6 52 2004 12 2012 39

( ) 1999 12 2008 8 30 2015 8 30 2005 9 1 2015 5 28 2010 2 22 2013 2 22 2011 7 21 2014 7 21 2010 1 15 2013 1 15 2011 9 16 2014 9 16 2010 11 25 2013 11 24 2012 1 30 2015 1 30 2011 5 20 2014 5 20 2011 1 10 2014 1 10 40

2012 12 31 99.99% 99.95% 2012 59.39% 76.91%.1.10 97 320 2012 41

( ) (1) 2008 980,696.02 41,569.76 998,429.44 0 / / 980,696.02 41,569.76 998,429.44 0 / 2008 4 A 980,696.02 2012 12 998,429.44 42

( ) (2) 1. 152,252.68 152,411.32 2012 16,376.07 2,106.70 14,909.40 275,512.22 2. 46,150.00 443.52 46,181.56 2012 2,556.57 9,637.58 68,802.79 3. 200 19,809.40 19,809.40 2012 5,279.08 19,852.75 1,750.67 4. 1,706.76 1,706.76 5. 19,680.00 19,680.00 2012 43

( ) (2) 6. 60,300.00 60,300.00 7. ZGC 8. 70% 9. 10. 20 76,362.97 76,370.69 27,160.00 27,160.00 34,210.51 10,034.00 35,576.79 80,783.54 31,092.24 82,432.92 11. 476,800.00 476,800.00 2012 1,511.51 20,305.75 2012 16.3 29.03 5,090.54 2012 10.80 51.56 20,667.56 / 995,215.86 41,569.76 998,429.44 / / / / / / 1 4 5 6 8 5 6 8 9 10 2 44

( ) (3) 114,994.05 34,210.51 10,034.00 35,576.79 2012 16.3 29.03 5,090.54 20 ZGC 80,783.54 31,092.24 82,432.92 2012 10.80 51.56 20,667.56 / 114,994.05 41,126.24 118,009.71 / / / / / / 2010 34,210.51 2010 11 3 ZGC 2010 55,252.72 20 25,530.82 20 2011 4 13 2010 2012 45

( ) 25,000 200,377 158,043 64,902 12,000 161,780 104,141 54,178 20,000 218,586 204,682 68,803 5,000 95,576 69,411 41,855 23,750 92,343 69,373 35,143 20,000 165,320 76,417 31,021 2,000 63,297 35,035 13,977 15,000 133,253 50,240 18,295 100,000 218,754 137,430 15,438 15,000 46,267 26,834 4,543 15,910 30,325 24,862 10,857 37,500 340,961 98,763 (8,117) (ZGC) 18,472 165,183 28,282 20,306 181,830 1,004,363 161,666 (20,668) 80,000 267,936 88,499 4,127 46

( ) 10% 200,377 158,043 175,384 111,861 64,902 161,780 104,141 144,024 73,117 54,178 218,586 204,682 117,507 75,100 68,803 ZGC 26.92 2013 7.22 21.65 9 7.7 6,000 2.02 2.32 5 15 11.2 2.16 2.16 3.7 26.6128 2012 5 6.74 23.95 2.5 12.98 5.59 5.59 3.5 9.1 2013 3.84 7.9 7 94.5128 / 27.57 63.57 / 2012 47

( ) 2010 9 21 2012 3 9 2012 9 13 (http://www.hkex. com.hk) 2012 3 7 15 4,745,738.71 1,200,000 75,792 4,745,739 15 2012 9 12 9.21 9.21 9 1 9.21 245,000,000 9 1 52,284,733 48

( ) 2010 4 28 4,500 2011 8 5 2,000 400 2012 49

( ) 1) 2012 1 9 51% 10% 39% 1,000 5 18,710 1,890 4,900 5,000 19,500 2012 12 31 5 2) 2012 12 20 4.5 5.5 70% 7,000 3) 2012 2 15 1 1.8 100% 8,000 4) 2012 11 21 5,000 2,550 51% 5) 2012 5 31 0.25 1.535 89.15% 16.98% 1,031,039,268 Paddington 50

( ) 6) 2012 4 1 31,500,000 105,000,000 53,550,000 51% 19,950,000 19% 2012 8 20 19% 2,038.6573 70% 8,062.55 7) 2012 12 28 18,980 45% 100% 482,881,642.94 8) 2012 9 20 8,000 20% 100% 40,126.81 9) 2012 1 31 12,250 70% 20,357.47 2012 51

( ) 10) 2012 1 10 9,900 15% 75% 65,747.48 (%) 20% 2012 3 19 131,842,178.08 51% 2012 8 29 29,875,696.32 3,468.6 20% 131,842,178.08 5,211.4 30.05% 2011 9 30 65,961.20 2012 8 29 2012 9 19 29,875,696.32 51% 20,097,446.85 3,897.52 52

( ) 2007 2012 3 8 3,915 2011 3 2 (http://www.hkex.com.hk) 6,227 2012 3 23 (http://www.hkex.com.hk) 14A (a) (b) 2012 53

( ) (c) 2012 1. 2. 3. (d) 1. 2. 3. 3,439 32 1,325 231 8 54

( ) 3,186 19,887 23,073 211 12,810 227 3,439 582 6,015 23,073 231 2,811 4,259 15,772 23,073, 2012 55

( ) ERP 1,640,418,143 XV (a) XV 7 8 (b) 352 (c) 132,000,000 0.84% 0.61% 7,500,000 0.05% 0.03% 7,500,000 0.05% 0.03% 1,500,000 0.01% 0.01% 56

( ) 2012 12 31 21,811,963,650 0.1 2012 2011 12 31 12 31 A 15,803,803,650 15,803,803,650 H 6,008,160,000 6,008,160,000 21,811,963,650 21,811,963,650 2012 12 31 906,652 H 1,030 905,622 1. 2 3 H 6,316,353,180 42,528,000 28.96% 0.19% 6,358,881,180 29.15% 2. 1 H 5,976,854,121 27.40% 3. 2,425,081,279 11.12% 4. 322,903,789 1.48% 5. 256,245,000 1.17% 6. 132,000,000 0.61% 7. 50 63,874,316 0.29% 8. 300 62,627,974 0.29% 9. 50 57,081,274 0.26% 10. A50 ETF 52,250,529 0.24% 2012 57

( ) 1. 5,976,854,121 H 27.40% 2. 208,484,145 A 3. 1,800,000,000 A 336 5% H 6,316,353,180 28.96% 39.97% H 42,528,000 0.19% 0.71% 6,358,881,180 29.15% 2,425,081,279 11.12% 15.34% 1 2,440,197,569 11.19% 15.44% 2 BlackRock,Inc. H 678,936,885 3.11% 11.30% ( 3) BlackRock,Inc. H 115,204,543 0.53% 1.91% ( 3) Morgan Stanley H 685,021,659 3.14% 11.40% ( 4) Morgan Stanley H 646,756,845 2.97% 10.76% ( 4) 58

( ) (1) 2,425,081,279 (2) 15,116,290 73.56% 316 2,425,081,279 2,440,197,569 (3) BlackRock, Inc. 678,936,885 H H 11.30% 115,204,543 H H 1.91% BlackRock, Inc. 2012 12 24 BlackRock, Inc. BlackRock, Inc. 678,936,885( ) 115,204,543( ) BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC. 1209 Orange Street, Wilmington DE 19801, United States 1 University Square Drive Princeton, NJ 08540, United States % (Y/N) Blackrock Inc. 100.00 N 3,545,250 Trident Merger, LLC 100.00 Y 3,545,250 BlackRock Holdco 2 Inc. 1209 Orange Street, Blackrock Inc. 100.00 N 675,391,635 Wilmington DE 19801, 115,204,543 United States BlackRock Financial 40 East 52nd Street, BlackRock 100.00 Y 675,391,635 Management, Inc. New York NY 10022, Holdco 2 Inc. 115,204,543 United States BlackRock Holdco 4 LLC 40 East 52nd Street, BlackRock Financial 100.00 N 406,755,352 New York, 10022, Management, Inc. United States BlackRock Holdco 6 LLC 40 East 52nd Street, BlackRock 100.00 N 406,755,352 New York, 10022, Holdco 4 LLC United States BlackRock Delaware c/o The Corporation BlackRock 100.00 N 406,755,352 Holdings, Inc. Trust Company, Holdco 6 LLC 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, United States 2012 59

( ) % (Y/N) BlackRock Institutional Trust Company, N.A. 400 Howard St, San Francisco, CA, 94105-2618 BlackRock Delaware Holdings, Inc. 100.00 Y 112,614,352 BlackRock Fund Advisors Howard Street, San Francisco, CA 94105, United States BlackRock Delaware Holdings, Inc. 100.00 Y 294,141,000 BlackRock Advisors 40 East 52nd Street, BlackRock Financial 100.00 N 266,164,410 Holdings Inc. New York, 10022, Management, Inc. 115,204,543 United States BlackRock Capital 40 East 52nd Street, BlackRock Advisors 100.00 N 7,309,731 Holdings, Inc. New York, NY 10022, USA Holdings Inc. 1,832,000 BlackRock Advisors, LLC. 100 Bellevue Parkway, BlackRock Capital 100.00 Y 7,309,731 Wilmington DE 19809, Holdings, Inc. 1,832,000 United States BlackRock International 40 East 52nd Street, BlackRock Advisors 100.00 N 258,854,679 Holdings Inc. New York, 10022, Holdings Inc. 113,372,543 United States BR Jersey International LP One Waverley Place, BlackRock 100.00 N 258,854,679 4th Floor, St. Helier, International 113,372,543 Jersey, JE1 0BR Holdings Inc. BlackRock (Institutional) Canada Ltd 250 Yonge Street, Suite 2400, Toronto ON M5B 2M6, Canada BR Jersey International LP 100.00 N 590,000 BlackRock Holdings Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1 BlackRock (Institutional) Canada Ltd 100.00 N 590,000 BlackRock Asset Management Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1, Canada BlackRock Holdings Canada Limited 100.00 Y 590,000 BlackRock HK Holdco Limited 35/F Cheung Kong Center, 2 Queen s Road Central, Hong Kong BR Jersey International LP 100.00 N 63,570,091 60,946,405 BlackRock Asset 16/F, Cheung Kong BlackRock HK 100.00 Y 63,570,091 Management North Asia Center, 2 Queen s Road Holdco Limited 60,946,405 Limited Central, Hong Kong BlackRock Australia Holdco Pty Ltd Level 18, 120 Collins Street, Melbourne VIC 3000, Australia BR Jersey International LP 100.00 N 381,500 BlackRock Asset Management Australia Limited Level 43, Grosvenor Place, 225 George Street, Sydney, NSW 2000, Australia BlackRock Australia Holdco Pty Ltd 100.00 Y 332,000 BlackRock Investment Management (Australia) Limited Level 43, Grosvenor Place, 225 George Street, Sydney, NSW 2000, Australia BlackRock Australia Holdco Pty Ltd 100.00 Y 49,500 60

( ) % (Y/N) BlackRock Cayco Ltd. c/o Walkers SPV Limited, P.O. Box 908GT, Walker House, Mary Street, George Town, British West Indies, Cayman Islands BR Jersey International LP 100.00 N 3,082,500 BlackRock Trident Holding Company Limited Riverside Two, Sir John Rogerson s Quay, Grand Canal Dock, Dublin, 2, Ireland BlackRock Cayco Ltd. 100.00 N 3,082,500 BlackRock Japan Holdings GK Sapia Tower, 1-7-12 Marunouchi, Chiyoda-ku, Tokyo, 100-0005, Japan BlackRock Trident Holding Company Limited 100.00 N 3,082,500 BlackRock Japan Co. Ltd. Marunouchi Trust Tower Main, -8-3 Marunouchi, Chiyoda-ku, Tokyo 100-8217 BlackRock Japan Holdings GK 100.00 Y 3,082,500 BlackRock Group Limited 12 Throgmorton Avenue. London, EC2N 2DL, United Kingdom BR Jersey International LP 100.00 N 191,230,588 52,426,138 BlackRock International Limited 40 Torphichen Street, Edinburgh,EH3 8JB, United Kingdom BlackRock Group Limited 100.00 Y 7,472,000 Blackrock Advisors (UK) Limited BlackRock (Netherlands) B.V. 12 Throgmorton Avenue. London, EC2N 2DL, United Kingdom Rembrandt Tower, 17th Floor, Amstelplein 1, 1096 HA, Amsterdam, Netheralnds BlackRock Group Limited BlackRock Group Limited 100.00 Y 88,752,388 52,426,138 100.00 Y 84,000 BlackRock Luxembourg Holdco S.a.r.l. 6D, Route de Trèves, Senningerberg, L-2633, Luxembourg BlackRock Group Limited 100.00 N 86,774,200 BlackRock Investment Management Ireland Holdings Ltd First Floor, Fitzwilton House, Wilton Place, Dublin 2, Ireland BlackRock Luxembourg Holdco S.a.r.l. 100.00 N 62,643,200 BlackRock Asset Management Ireland Limited JPMorgan House, International Financial Services Centre, Dublin 1, Ireland BlackRock Investment Management Ireland Holdings Ltd 100.00 Y 62,643,200 BlackRock (Luxembourg) S.A. 6D, Route de Trèves, Senningerberg, L-2633, Luxembourg BlackRock Luxembourg Holdco S.a.r.l. 100.00 Y 24,131,000 2012 61

( ) % (Y/N) BlackRock Investment 12 Throgmorton Avenue. BlackRock Group 100.00 N 8,148,000 Management (UK) London, EC2N 2DL, Limited Limited United Kingdom BlackRock Holdings OpernTurm, BlackRock 100.00 N 794,000 Deutschland GmbH Bockenheimer Investment Landstraße 2-4, 60306 Management (UK) Frankfurt am Main, Limited Germany BlackRock Asset Max-Joseph-Straße 6, BlackRock Holdings 100.00 Y 794,000 Management D-80333, München, Deutschland GmbH Deutschland AG Germany BlackRock Fund Managers 12 Throgmorton Avenue. BlackRock 100.00 Y 884,000 Limited London, EC2N 2DL, Investment United Kingdom Management (UK) Limited BlackRock Investment 23F, Seoul Finance BlackRock Fund 100.00 Y 5,000 Management (Korea) Centre, 84 Taepyungro Managers Limited Limited 1-ka, Jung-ku, Seoul, 100-768, Korea, Republic of BlackRock Life Limited 12 Throgmorton Avenue. BlackRock 100.00 Y 1,650,000 London, EC2N 2DL, International United Kingdom Limited (4) Morgan Stanley 685,021,659 H H 11.40% 646,756,845 H H 10.76% Morgan Stanley 2013 1 2 Morgan Stanley Morgan Stanley 685,021,659( ) 646,756,845( ) 62

( ) Morgan Stanley % (Y/N) Morgan Stanley Capital Management, L.L.C. 1585 Broadway, New York, 10036, New York, U.S.A. Place of Incorporation: Delaware Morgan Stanley 100.00 N 685,021,659 646,252,845 Morgan Stanley Domestic Holdings, Inc. 1585 Broadway, New York, 10036, New York, U.S.A. Place of Incorporation: Delaware Morgan Stanley Capital Management, L.L.C. 100.00 N 361,358,997 444,069,269 Morgan Stanley International Incorporated 1585 Broadway, New York, 10036, New York, U.S.A. Place of incorporation: Delaware. Morgan Stanley Domestic Holdings, Inc. 10.00 N 361,358,997 444,069,269 Morgan Stanley International Incorporated 1585 Broadway, New York, 10036, New York, U.S.A. Place of incorporation: Delaware. Morgan Stanley 90.00 N 361,358,997 444,069,269 Morgan Stanley International Limited 25 Cabot Square, Canary Wharf, London E14 4QA, England. Place of incorporation: England & Wales. Morgan Stanley International Incorporated 100.00 N 360,743,917 444,069,269 Morgan Stanley Group (Europe) 25 Cabot Square, Canary Wharf, London E14 4QA, England. Place of incorporation: England & Wales. Morgan Stanley International Limited 98.30 N 360,743,917 444,069,269 Morgan Stanley UK Group 25 Cabot Square, Canary Wharf, London E14 4QA, England. Place of incorporation: England & Wales. Morgan Stanley Group (Europe) 100.00 N 360,743,917 444,069,269 Morgan Stanley & Co. International plc. 25 Cabot Square, Canary Wharf, London E14 4QA, England. Place of incorporation: England & Wales. Morgan Stanley UK Group 100.00 Y 360,743,917 444,069,269 Morgan Stanley Domestic Holdings, Inc. 1585 Broadway, New York, 10036, New York, U.S.A. Place of Incorporation: Delaware Morgan Stanley Capital Management, L.L.C. 100.00 N 323,663,742 202,183,576 Morgan Stanley & Co. LLC Corporation Trust Center, 1209 Orange Street, Wilmington, DE19801, U.S.A. Place of incorporation: Delaware Morgan Stanley Domestic Holdings, Inc. 100.00 Y 183,597,911 178,971,229 2012 63

( ) % (Y/N) Morgan Stanley Capital Services Inc. Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 USA. Place of incorporation: Cayman Islands. Morgan Stanley Domestic Holdings, Inc. 100.00 Y 140,064,751 23,212,347 Morgan Stanley Capital (Luxembourg) S.A. 38-40 rue Sainte Zithe, L-2763 Luxembourg. Place of incorporation: Luxembourg. Morgan Stanley International Incorporated 93.75 Y 504,000 0 Morgan Stanley International Holdings Inc. Corporation Trust Center, 1209 Orange Street, Wilmington, DE19801, U.S.A. Place of incorporation: Delaware. Morgan Stanley International Incorporated 18.00 N 111,080 0 Morgan Stanley International Holdings Inc. Corporation Trust Center, 1209 Orange Street, Wilmington, DE19801, U.S.A. Place of incorporation: Delaware. Morgan Stanley 72.00 N 111,080 0 Morgan Stanley International Holdings Inc. Corporation Trust Center, 1209 Orange Street, Wilmington, DE19801, U.S.A. Place of incorporation: Delaware. Morgan Stanley Domestic Holdings, Inc. 10.00 N 111,080 0 Morgan Stanley Asia Pacific (Holdings) Limited c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of Incorporation: Cayman Island Morgan Stanley International Holdings Inc. 100.00 N 110,000 0 MSDW-JL Holdings I Limited c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley Asia Pacific (Holdings) Limited 100.00 N 110,000 0 Morgan Stanley (Hong Kong) Holdings Limited 46th Floor, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong SAR. Place of incorporation: Hong Kong. Morgan Stanley Asia Pacific (Holdings) Limited 100.00 N 110,000 0 Morgan Stanley Asia Regional (Holdings) III LLC c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley Asia Pacific (Holdings) Limited 100.00 N 110,000 0 64

( ) % (Y/N) Morgan Stanley (Singapore) Holdings Pte Ltd. #16-01 Capital Square, 23 Church Street, Singapore 049481. Place of incoporation: Singapore. Morgan Stanley Asia Regional (Holdings) III LLC 100.00 N 110,000 0 Morgan Stanley Asia Regional (Holdings) IV Limited c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley (Singapore) Holdings Pte Ltd. 100.00 N 110,000 0 Morgan Stanley Japan (Holdings) Ltd. c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands MSDW-JL Holdings I Limited 70.00 N 110,000 0 Morgan Stanley Japan (Holdings) Ltd. c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley (Singapore) Holdings Pte Ltd. 10.00 N 110,000 0 Morgan Stanley Japan (Holdings) Ltd. c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley International Holdings Inc. 10.00 N 110,000 0 Morgan Stanley Japan (Holdings) Ltd. c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley (Hong Kong) Holdings Limited 10.00 N 110,000 0 MSDW-JL Holdings II Limited c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands Morgan Stanley Japan (Holdings) Ltd. 100.00 N 110,000 0 MSJL Holdings 4682 Limited c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands MSDW-JL Holdings II Limited 100.00 N 110,000 0 2012 65

( ) % (Y/N) MSJL Holdings Limited c/o Maples Corporate Services Limited, PO Box 309,Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands MSJL Holdings 4682 Limited 100.00 N 110,000 0 MS CYM Preferred Ltd. c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104. Place of incorporation: Cayman Islands MSJL Holdings 4682 Limited 100.00 N 110,000 0 MSJS Preferred YK Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo 150-6009, Japan. Place of incorporation: Japan MS CYM Preferred Ltd. 100.00 N 110,000 0 Morgan Stanley Japan Holdings Co., Ltd Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo 150-6009, Japan. Place of incorporation: Japan Morgan Stanley Asia Regional (Holdings) IV Limited 18.60 N 110,000 0 Morgan Stanley Japan Holdings Co., Ltd Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo 150-6009, Japan. Place of incorporation: Japan MSJS Preferred YK 7.06 N 110,000 0 Morgan Stanley Japan Holdings Co., Ltd Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo 150-6009, Japan. Place of incorporation: Japan MSJL Holdings Limited 74.34 N 110,000 0 Mitsubishi UFJ Morgan Stanley Securities 2-5-2 Marunouchi, Chiyoda-ku, Tokyo Japan. Place of incorporation: Japan Morgan Stanley Japan Holdings Co., Ltd 40.00 Y 110,000 0 Morgan Stanley Tower LLC 1585 Broadway, New York, NY 10036. Place of incorporation: Delaware Morgan Stanley 100.00 N 1,080 0 Morgan Stanley Commercial Financial Services, Inc. 1585 Broadway, New York, NY 10036. Place of incorporation: Delaware Morgan Stanley 100.00 N 1,080 0 MS Financing Inc. 1585 Broadway, New York, NY 10036. Place of incorporation: Delaware Morgan Stanley Tower LLC 100.00 N 1,080 0 Morgan Stanley & Co. LLC Corporation Trust Center, 1209 Orange Street, Wilmington, DE19801, U.S.A. Place of incorporation: Delaware Morgan Stanley Domestic Holdings, Inc. 100.00 N 1,080 0 66

( ) % (Y/N) MS Beta Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware MS Financing Inc. 100.00 N 1,080 0 MS Alpha Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware Morgan Stanley & Co. LLC 100.00 N 1,080 0 MS Gamma Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware Morgan Stanley International Holdings Inc. 100.00 N 1,080 0 Morgan Stanley JV Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware MS Beta Holdings LLC 33.84 N 1,080 0 Morgan Stanley JV Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware MS Alpha Holdings LLC 65.87 N 1,080 0 Morgan Stanley JV Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware Morgan Stanley Commercial Financial Services, Inc. 0.29 N 1,080 0 Morgan Stanley Smith Barney Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware Morgan Stanley JV Holdings LLC 47.00 N 1,080 0 Morgan Stanley Smith Barney Holdings LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware MS Gamma Holdings LLC 4.00 N 1,080 0 Morgan Stanley Smith Barney LLC 2000 Westchester Avenue, Purchase, NY 10577. Place of incorporation: Delaware Morgan Stanley Smith Barney Holdings LLC 100.00 Y 1,080 0 Morgan Stanley Capital (Cayman Islands) Limited Ugland House, South Church Street, PO Box 309, George Town, Grand Cayman, Cayman Islands. Place of incorporation: Cayman Islands. Morgan Stanley 100.00 Y 0 504,000 XV 2 3 336 2012 67

( ) 12 3 [2012]37 [2012]28 2012-2014 60% 15% 2011 2011 2011 12 31 21,811,963,650 0.10 2,181,196,365 2012 7 12 5,211,208,977 2012 21,811,963,650 10 1 2012 A H 68

( ) 10 10 10 (%) 2012 1 2,181,196,365 5,211,208,977 41.86 2011 1 2,181,196,365 5,712,569,100 38.18 2010 1 5 1,454,130,910 4,827,916,726 30.12 2012 2012 3 22 2012 2012 3 22 2012 69

( ) 2011 2012 5 28 2011 2011 2011 2011 2011 2011 2011 2012 2012 2011 2011 2011 2012 5 28 2012 12 31 70

( ) 3.10(1) 3.10(2) 4 2012 2012 71

( ) 2012 3 28 2012 3 28 2011 2011 2012 5 28 2012 5 9 [2012]10 7.3 30 10 5 12 72

( ) 2010 2011 2011 2012 8,176,630 27 28 5% 2012 2012 11 4 2012 73

( ) 2009 11 5 3 2009 11 5 3 2012 3 28 2012 5 28 2012 11 4 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 2009 11 5 3 36 39 74

( ) 50 53 2012 5 28 2012 5 7.41.20.6 2012 12 31.13.37.22 31 32 2012 75

( ) 25%.53 25% 2013 3 27 76

2012 2012 4 2012 3 28 20 2012 4 26 20 2012 8 10 20 2012 10 26 20 2011 2011 2011 2011 2011 2011 2012 2012 2012 2012 77

( ) 78

( ) 2012 2012 6,247.62 2012 1 89.15% 16.98% 103,103.9 2 18,980 45% 2012 79

( ) 3 9,900 15% 4 13,184.2 20% 2012 1 29,269.8 2 3,915 3 6,227 80

( ) 2012 2012 2013 2013 3 27 2012 81

14 2012 4 1 14 A.1.8 F.1.3 A.6.7 2012 5 28 2012 2012 1 1 2012 3 31 2012 4 1 2012 12 31 2003 12 23 36 39 82

( ) 2009 11 5 2012 11 4 3 3.13 3.13 A.2.1 2012 83

( ) 19 19 19 14 0 0 2 19 19 13 0 0 2 6 5 5 1 0 1 11 11 9 0 0 1 19 19 13 0 0 1 19 18 15 1 0 1 19 19 13 0 0 1 19 19 14 0 0 1 19 19 13 0 0 2 19 19 13 0 0 2 19 17 14 2 0 1 19 17 14 2 0 0 19 4 13 2 84

( ) (i) (ii) (iii) (iv) (v) 2012 A.6.5 2012 3 28 2012 5 28 2012 85

( ) 2011 2012 2012 2012 5 5 5 0 0 0 5 2 3 0 0 5 5 0 0 0 5 2 1 2 0 5 5 0 0 0 5 3 1 1 0 86

( ).7 203.35 19.5 25.27 61.64 49.34 8,176,630 2012 4 4 0 0 0 4 4 0 0 0 4 3 0 1 0 4 2 0 2 0 4 4 0 0 0 4 4 0 0 0 4 4 0 0 0 2012 87

( ) 2012 3 2011 2012 4 2012 2012 8 2012 2012 10 2012 2012 2013 3 26 2012 2012 2012 12 31 2012 95 96 15 56 88

( ) 2012 5 28 www.zjky.cn 2011 2012 2012 2013 4 12 2012 89

( ) 5 2 [2012]37 [2012]28 2012-2014 90

( ) A 2012 4 26 2012 2012 10 26 2012 2012 3 22 2012 2012 5 28 2011 2013 3 27 21,811,963,650 0.10 6,008,160,000 H 27.55%,15,803,803,650 A 72.45% 100% 2012 91

( ) 2012 12 31 92

( ) ERP 2012 12 31 1 2 3 2012 93

( ) 2012 2012 GB8978-1996 GB16297-1996 GB12348-2008 GB25467-2010 GB 25466-2010 2012 100% 2012 7.3 61 2013 1 94

(2013) 60468092_G01 2012 12 31 2012 (1) (2) 2012 95

( ) 2012 2013 3 27 96

2012 2011 1 7,473,400,807 6,180,009,655 2 670,943,265 264,029,003 3 575,499,815 574,697,737 4 841,494,264 489,112,425 5 957,976,115 1,691,517,698 6 1,524,884,888 987,302,617 7 11,602,493,132 7,160,297,387 8 687,006,618 584,909,276 24,333,698,904 17,931,875,798 9 576,013,498 938,012,473 11 4,410,652,450 3,203,933,411 12 49,065,516 51,056,575 13 15,595,461,755 10,145,321,562 14 8,394,603,506 7,898,525,167 136,501,422 333,854,223 15 8,535,917,880 7,138,194,099 16 496,758,705 338,979,724 17 800,104,702 769,907,533 18 574,768,328 434,359,241 19 3,450,874,375 3,136,179,526 43,020,722,137 34,388,323,534 67,354,421,041 52,320,199,332 2012 97

( ) 2012 2011 22 6,399,851,000 3,815,092,312 23 6,521,435,369 4,005,648,200 24 313,152,032 25 4,174,006,563 3,232,112,911 26 937,554,916 1,012,751,443 27 318,116,747 276,852,910 28 1,692,027,264 1,709,391,219 29 57,397,500 23,125,841 30 2,029,208,186 2,073,223,413 31 535,867,957 216,444,590 22,978,617,534 16,364,642,839 32 6,654,629,747 2,360,713,448 33 2,987,766,076 2,987,514,948 34 169,472,564 159,595,217 35 167,021,572 18 447,085,685 226,385,417 36 366,862,124 88,670,506 10,792,837,768 5,822,879,536 33,771,455,302 22,187,522,375 37 2,181,196,365 2,181,196,365 38 7,770,714,175 7,689,487,793 39 98,196,798 33,491,518 40 1,319,401,104 1,319,401,104 41 17,034,164,960 14,004,152,348 (222,084,649) (219,118,195) 28,181,588,753 25,008,610,933 42 5,401,376,986 5,124,066,024 33,582,965,739 30,132,676,957 67,354,421,041 52,320,199,332 98

2012 2012 2011 43 48,414,719,206 39,763,915,441 43 36,374,864,074 27,536,543,588 44 541,098,426 382,045,241 45 596,860,745 433,256,436 46 1,874,254,433 1,609,339,207 47 803,965,178 496,400,784 48 270,720,072 202,878,294 49 12,986,146 (57,130,642) 50 639,884,580 561,775,828 242,514,892 205,253,368 8,605,827,004 9,608,097,077 51 220,898,413 134,572,479 52 270,666,100 466,367,867 42,731,004 41,842,806 8,556,059,317 9,276,301,689 53 2,402,806,003 2,365,776,280 6,153,253,314 6,910,525,409 5,211,208,977 5,712,569,100 942,044,337 1,197,956,309 54 0.24 0.26 55 146,597,757 (894,452,113) 6,299,851,071 6,016,073,296 5,357,778,200 4,818,341,189 942,072,871 1,197,732,107 2012 99

2012 2,181,196,365 7,689,487,793 33,491,518 1,319,401,104 14,004,152,348 (219,118,195) 25,008,610,933 5,124,066,024 30,132,676,957 5,211,208,977 5,211,208,977 942,044,337 6,153,253,314 # 149,535,677 (2,966,454) 146,569,223 28,534 146,597,757 149,535,677 5,211,208,977 (2,966,454) 5,357,778,200 942,072,871 6,299,851,071 1. # (68,309,295) (68,309,295) 348,985,628 280,676,333 1. (2,181,196,365) (2,181,196,365) (1,018,401,973) (3,199,598,338) 1. 577,858,732 577,858,732 64,979,366 642,838,098 2. (513,153,452) (513,153,452) (60,324,930) (573,478,382) 81,226,382 64,705,280 3,030,012,612 (2,966,454) 3,172,977,820 277,310,962 3,450,288,782 2,181,196,365 7,770,714,175 98,196,798 1,319,401,104 17,034,164,960 (222,084,649) 28,181,588,753 5,401,376,986 33,582,965,739 # 38 100

2011 1,454,130,910 9,377,131,118 56,500,682 999,800,342 10,065,314,920 (121,307,424) 21,831,570,548 4,197,100,282 26,028,670,830 5,712,569,100 5,712,569,100 1,197,956,309 6,910,525,409 # (796,417,140) (97,810,771) (894,227,911) (224,202) (894,452,113) (796,417,140) 5,712,569,100 (97,810,771) 4,818,341,189 1,197,732,107 6,016,073,296 1. # (164,160,730) (164,160,730) 435,241,873 271,081,143 1. 319,600,762 (319,600,762) 2. (1,454,130,910) (1,454,130,910) (708,757,856) (2,162,888,766) 1. 727,065,455 (727,065,455) 1. 388,480,304 388,480,304 30,892,534 419,372,838 2. (411,489,468) (411,489,468) (28,142,916) (439,632,384) 727,065,455 (1,687,643,325) (23,009,164) 319,600,762 3,938,837,428 (97,810,771) 3,177,040,385 926,965,742 4,104,006,127 2,181,196,365 7,689,487,793 33,491,518 1,319,401,104 14,004,152,348 (219,118,195) 25,008,610,933 5,124,066,024 30,132,676,957 # 38 2012 101

2012 2012 2011 52,739,313,342 42,854,655,033 52,739,313,342 42,854,655,033 (39,058,205,885) (30,400,248,339) (1,617,461,871) (1,243,421,788) (5,189,351,534) (3,594,276,242) 56 (1,466,712,375) (1,226,530,129) (47,331,731,665) (36,464,476,498) 57 5,407,581,677 6,390,178,535 122,150,839 228,046,482 425,268,873 591,200,500 654,030,876 1,975,121,621 57 9,729,055 93,417,331 85,090,485 60,427,950 1,296,270,128 2,948,213,884 (7,995,940,182) (7,476,373,611) (2,227,926,413) (1,646,301,298) 57 (822,815,660) (1,436,327,879) 56 (186,000,000) (93,567,471) (11,232,682,255) (10,652,570,259) (9,936,412,127) (7,704,356,375) 102

( ) 2012 2012 2011 258,094,320 183,850,260 258,094,320 183,850,260 12,684,141,313 7,957,419,838 7,052,194,253 4,011,742,740 3,051,784,128 56 1,157,692,845 241,991,412 21,152,122,731 15,446,788,378 (5,772,528,200) (9,475,256,977) (4,646,118,516) (4,035,312,183) (2,651,981,128) (1,018,401,973) (708,757,856) 56 (763,065,590) (786,579,238) (15,217,024,489) (12,913,817,343) 5,935,098,242 2,532,971,035 (8,715,682) (93,077,303) 1,397,552,110 1,125,715,892 4,917,187,865 3,791,471,973 57 6,314,739,975 4,917,187,865 2012 103

2012 2011 4,976,508,980 3,129,014,590 77,693,529 17,266,049 57,125,545 51,714,483 1 845,731,755 185,986,403 111,984,106 92,419,151 10,462,500 10,462,500 2 6,378,294,553 5,791,930,414 441,620,300 354,692,389 168,695,397 139,226,654 13,068,116,665 9,772,712,633 3 415,865,890 628,953,457 4 11,880,390,250 11,314,517,179 5 2,311,443,365 1,007,236,197 6 920,743,009 1,521,097,734 2,392,156 7,703,927 7 322,638,199 351,252,411 8 77,263,141 67,540,287 188,791,180 218,479,375 9 2,192,619,193 1,115,103,131 18,312,146,383 16,231,883,698 31,380,263,048 26,004,596,331 104

( ) 2012 2011 813,470,239 918,268,384 4,904,091,049 3,490,174,465 12 184,606,100 170,401,663 6,453,832 2,110,280 181,366,530 162,244,197 827,610,817 734,182,864 573,408,596 305,890,146 31,880,000 43,212,700 52,807,386 7,575,694,549 5,826,484,699 472,364,000 13 133,426,004 130,610,691 380,193,126 9,060,768 985,983,130 139,671,459 8,561,677,679 5,966,156,158 2,181,196,365 2,181,196,365 8,864,346,593 8,714,239,590 16,021 16,021 1,090,812,600 1,090,812,600 10,682,213,790 8,052,175,597 22,818,585,369 20,038,440,173 31,380,263,048 26,004,596,331 2012 105

2012 2012 2011 14 12,242,529,425 11,539,176,241 14 7,519,871,250 6,942,756,168 183,618,028 123,173,167 18,585,095 12,116,345 529,035,626 520,508,087 15 (48,375,474) 38,916,258 16 163,094,469 1,401,806 56,431,517 (991,265) 17 1,999,590,874 1,383,040,214 64,655,526 15,131,318 5,932,722,822 5,282,353,359 13,016,125 11,272,169 165,506,482 222,455,215 4,684,505 7,634,798 5,780,232,465 5,071,170,313 968,997,907 936,210,685 4,811,234,558 4,134,959,628 150,107,003 (287,164,431) 4,961,341,561 3,847,795,197 106

2012 2,181,196,365 8,714,239,590 16,021 1,090,812,600 8,052,175,597 20,038,440,173 4,811,234,558 4,811,234,558 150,107,003 150,107,003 150,107,003 4,811,234,558 4,961,341,561 1. (2,181,196,365) (2,181,196,365) 1. 292,710,115 292,710,115 2. (292,710,115) (292,710,115) 150,107,003 2,630,038,193 2,780,145,196 2,181,196,365 8,864,346,593 16,021 1,090,812,600 10,682,213,790 22,818,585,369 2012 107

2011 1,454,130,910 9,728,469,476 516,024 771,211,838 5,690,947,641 17,645,275,889 4,134,959,628 4,134,959,628 (287,164,431) (287,164,431) (287,164,431) 4,134,959,628 3,847,795,197 1. 319,600,762 (319,600,762) 2. (1,454,130,910) (1,454,130,910) 1. 727,065,455 (727,065,455) 1. 219,979,364 219,979,364 2. (220,479,367) (220,479,367) 727,065,455 (1,014,229,886) (500,003) 319,600,762 2,361,227,956 2,393,164,284 2,181,196,365 8,714,239,590 16,021 1,090,812,600 8,052,175,597 20,038,440,173 108

2012 2012 2011 12,387,408,678 11,802,989,933 12,387,408,678 11,802,989,933 (7,427,787,755) (6,969,869,997) (423,167,409) (346,589,934) (1,227,011,431) (1,020,867,944) (475,040,269) (545,417,942) (9,553,006,864) (8,882,745,817) 18 2,834,401,814 2,920,244,116 616,114,704 103,747,169 1,865,581,211 1,368,484,889 22,129,378 55,903,682 310,400,598 493,732,503 1,898,746 2,814,225,891 2,023,766,989 (1,124,415,322) (698,926,412) (1,930,380,007) (3,631,506,005) (3,054,795,329) (4,330,432,417) (240,569,438) (2,306,665,428) 2012 109

( ) 2012 2012 2011 1,500,834,239 2,168,268,384 5,562,270,111 3,489,007,461 228,249,449 19,937,406 7,291,353,799 5,677,213,251 (1,133,268,384) (3,135,054,850) (4,210,075,128) (2,344,915,236) (1,609,725,509) (1,511,392,819) (487,443,998) (9,199,651,567) (5,232,224,357) (1,908,297,768) 444,988,894 (4,284,999) (3,690,283) 681,249,609 1,054,877,299 2,690,890,484 1,636,013,185 18 3,372,140,093 2,690,890,484 110

2000 9 6 3500001002192 2000 8 17 (2000)22 1999 12 31 2004 6 16 2003 6 28 2003 11 18 [2003]41 0.1 400,544,000 3.3 3.516 36,413,090 3.3 3.516 131,413,091 2004 5 28 2003 131,413,091 1,314,130,910 0.1 262,826,182 2005 5 31 2004 262,826,182 2,628,261,820 0.1 525,652,364 2006 5 18 2005 525,652,364 5,256,523,640 0.1 2005 5,256,523,640 10 10 2007 4 30 2006 262,826,182 2,628,261,820 0.1 2006 10,513,047,280 10 2.5 1,314,130,910 [2008]417 [2008]29 2008 4 25 A 14 0.1 7.13 1,454,130,910 2012 111

( ) ( ) A 1,050,000,000 2008 4 25 350,000,000 2008 7 25 4,210,902,100 36 4,924,966,980 12 A 2009 4 27 33.87% 2011 5 30 2010 727,065,455 7,270,654,550 0.1 2010 14,541,309,100 10 5 2012 12 31 21,811,963,650 37 2013 3 27 1. 2006 2 38 112

( ) ( ) 2. 2012 3. 1 1 12 31 4. 5. 2012 113

( ) ( ) 5. ( ) 114

( ) ( ) 6. 7. 2012 115

( ) ( ) 8. 116

( ) ( ) 9. (1) (2) (a) (b) 2012 117

( ) ( ) 9. ( ) 118

( ) ( ) 9. ( ) ( ) 2012 119

( ) ( ) 9. ( ) ( ) 120

( ) ( ) 9. ( ) 2012 121

( ) ( ) 9. ( ) ( ) 30% 1 2 122

( ) ( ) 10. 11. (1) 10,000,000 (2) 2012 123

( ) ( ) 12. 124

( ) ( ) 13. 7 2012 125

( ) ( ) 13. ( ) 26 9 126

( ) ( ) 14. 26 15. 2012 127

( ) ( ) 15. ( ) 13 8-35 3% 2.77-12.13% 8-30 3% 3.23-12.13% 5-15 3% 6.47-19.4% 5 3% 19.4% 4-10 3% 9.7-24.25% 6 3% 16.17% 26 16. 26 17. 128

( ) ( ) 17. ( ) (1) (2) (3) (1) (2) 3 2012 129

( ) ( ) 18. 30-50 2-44 50 10 26 130

( ) ( ) 19. 1 5-50 20. 21. 2012 131

( ) ( ) 21. ( ) 22. 132

( ) ( ) 23. 1) 2) 1) 2) 2012 133

( ) ( ) 23. ( ) 24. 25. (1) (2) (3) 134

( ) ( ) 26. 2012 135

( ) ( ) 27. 1 28. 29. 136

( ) ( ) 30. (1) (2) (3) 31. 32. 2012 137