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(incorporated in Hong Kong with limited liability) Stock Code : 880 Annual Report 2014

2002 3 2014 2014 2 13 2017 2,000 2014 12 31181,780 2,850 8 10 12 13 14 22 24 28 30 36 61 82 85 87 88 90 91 92 94 163 164

Dining

Lodging

Entertainment

8 2014 2014 1 2 3 Karl Lagerfeld 6 5 8 10 11 12 2014 61

2014 2 13 9 2014 2014 2 12 14

3 10 2014 4 6 2 5 8 7 9 2014 1 2 3 4 5 2014 6 7 2014 8 1000 9 100 100

12 11 2014 13 14 16 10 2014 11 2013 12 2015 8 Wine Spectator 2014 1890 13 2014 2014 (Trip Advisor) 2014 2014 14 2014 15 2014 16 10

12 2014 2014 12 31 2013 12 31 79,269 86,956 971 1,251 EBITDA* 7,763 8,676 6,731 7,706 120.0 138.8 119.3 137.5 62 50 30 22 20 * EBITDA 2015 2015 2015 2 25 2015 6 18 2 30 2015 6 22 2015 6 23 2015 6 23 4 30 2015 7 3

2014 17.3%8.9% 4.0% EBITDA 10.5%12.7% 23.2% EBITDA8.2% 14.2%16.0% 7.5% 93.2% 2,325 13 2014 20142442014 12 31 10 2014 2 13 20172,000 2015 2 25

14 2014 2014 12 31EBITDA EBITDA 12 31 2014 2013 79,934 87,651 (8.8%) 79,269 86,956 (8.8%) 6,731 7,706 (12.7%) EBITDA 1 7,763 8,676 (10.5%) EBITDA 2 9.7% 9.9% (0.2%) 1 EBITDA 2 EBITDAEBITDA 201417.3%8.9% 2014 2.6% 10.9% 15.5%0.4%

20143,412.8223.2% 201324.8% EBITDA9.7%20139.9% 2014EBITDA16.7%201317.5% 2014 2.27 2013 1 2014 10.94201311.377,30020139,000 15 2014 12 31 2014 2013 48,245 58,306 (17.3%) 231,485 257,651 (10.2%) 1,719,555 1,963,352 (12.4%) 571 620 (7.9%) 201460.9% 67.1%2014 12 31 567352013 12 31574 38 2014 12 31 14 23.4% 25.2% 20132.85%20142.80%

16 2014 12 31 2014 2013 29,686 27,256 8.9% 68,116 64,653 5.4% 1,194 1,155 3.4% 201437.4%201331.3%2014 12 31 1,2142013 12 311,210 12 31 2014 2013 1,338 1,394 (4.0%) 1,282 1,153 11.2% 2,856 3,308 (13.7%) 20141.7%2013 1.6%2014 12 312,8652013 12 312,880 2014 12 31 11

40,10436,849 12 31 2014 2013 29,587 32,248 (8.3%) 3,857 4,322 (10.7%) EBITDA 3 4,273 4,654 (8.2%) EBITDA 4 14.4% 14.4% 0.0% 17 2014 3 EBITDA 4 EBITDAEBITDA 12 31 2014 2013 22,138 25,795 (14.2%) 338,844 360,563 (6.0%) 821,925 871,904 (5.7%) 179 196 (8.7%) 6,957 5,996 16.0% 72,748 70,502 3.2% 262 233 12.4% 491 457 7.5% 1,797 1,764 1.9% 749 710 5.5%

18 2014 20142014 1 12502014 12 31 274181177 EBITDA201424.1%2013 24.5% 20141,360 37,4616.1% 2014 1.77 4,300 84,597910,372 2014 12 31762 2013 2 28 2013 2013 11 252013 5 24 12 31 2014 2013 9,933 12,450 (20.2%) 1,258 1,386 (9.2%) EBITDA 1,461 1,598 (8.6%) EBITDA 14.7% 12.8% 1.9%

EBITDA 12 31 2014 2013 4,560 7,191 (36.6%) 277,648 364,817 (23.9%) 149,590 248,153 (39.7%) 45 54 (16.7%) 19 2014 5,129 4,830 6.2% 46,376 43,671 6.2% 303 303 244 429 (43.1%) 932 1,257 (25.9%) 713 932 (23.5%) 2014 12 31 58 114 182 2014 12 31175 548 2014 12 3115 2014 12 31 12 332 651 1,373

20 2014 12 31 2014 2013 39,749 42,259 (5.9%) 1,653 1,800 (8.2%) EBITDA 1,683 1,803 (6.6%) EBITDA 4.2% 4.3% (0.1%) 12 31 2014 2013 21,546 25,321 (14.9%) 169,628 187,495 (9.5%) 748,040 843,294 (11.3%) 348 370 (5.9%) 17,600 16,430 7.1% 76,659 72,721 5.4% 629 619 1.6% 603 508 18.7% 1,185 835 41.9% 1,394 1,666 (16.3%)

2014 12 316.56EBITDA 2.107.10EBITDA 2.44413 93.2% 96.4% 20142,325 20132,235 Robuchon au Dôme 82015 1890 Don Alfonso 1890Wine Spectator 8Hong Kong Tatler 201520 21 2014 51%2014 2.4220132.04408201490.3% 201390.7%14.1% 1,3732014 20146.6520136.95 4.2% 5.563.06

22 2014 2014 10 400,000 10 20,000 201410 10,0002005 100 60 2014 11 2014 1114 2014 2014 1161 2014 2014 319 2014 6

2014 201411614,000 20149 24 2014 23 2014 2014 12 3,000 2014 12 2014 2015 2014 2014 12 10 2014 102014 2014 8

24 2014 2014 2.6%2002 20147.5% 3,150 14.1% 2,13018.7% 960 2014

20142015 2014 2 13 2017521,43577,158 2,000 300 2014 7 18 K.L. S.A.M.Karl Lagerfeld Greater China Holdings LimitedKarl LagerfeldKarl Lagerfeld Karl Lagerfeld20270 25 2014 Karl LagerfeldPalazzo Versace

26 2014 2014 2014 1 1 250 2014 12 31 274 181 177 2014 12 38 201578 201542 2015 2014 7 2009 5%

2014 2 2015130 2014 12 316.57 2012 84.84%2013 7 52014 12 31 209,068,781 3.24% 27 2014 egame 2014 2 6Elite Most LimitedEMLeGame Solutions Operation LimitedESOElite egame International Holdings Limited EEIHLESOEEIHL EEIHLCambodian Mark 6 Co., Ltd.CM62014 10 CM62015 EML 1,000 2015 2 3D 3D2015 3D 3D 18,000 3D 3D

28 2014 2014 12 31238.06 6.12 2013 12 31260.568.6% 2014 12 31 9.912013 12 31 15.102014 12 31 1 1 2 2 5 26% 16% 58% 100% 2014 2013 12 31 2014 12 312622013 12 31291 251 2014 12 31 300 2014 12 3110.167,2002013 12 3111.60 7,700 2014 12 316.122013 12 316.77 2014 12 318,7002013 12 318,700 2014 12 31

2014 12 31 4.58 98% 2014 12 31 29 2014 2014 12 3122,0002014 EBITDA EBITDA2014 12 31EBITDA 16.7%EBITDA9.7%

30 2014 9320062009 20012010 1962 Euronext Estoril-Sol, SGPS, S.A. 20102003 2007 2001 (O.B.E.) Commandeur de l Ordre de la Couronne

632006 20092008 2012 3 2002 2013 3 1976 35 EuronextEstoril-Sol, SGPS, S.A. 31 2014 20092012 2005 2014 5 19732001IMC/Southern Cross University 6320062009 2002 19783519992002

32 2014 7320062001 2003 1981 19651981 2012 1964 2014 5 692010 82014 3 20041999 5320072009 2008 20072010 122005 200520092013 2005 2011 32014 32014 42009

60200720092008 2007 1998 Urbana-Champaign 682013 52013 3 33 2014 2001 722007 2008 2010 1120082012 3 2009 9 2012 10 19882002 19672002

34 2014 742007 2008 2010 1120082012 3 2014 12 200039 Advanced Management Program (AMP) Queen Elizabeth House (Oxford) 692007 2008 2014 5 2014 2

2000 199520072013 2014 12 672007 2008 2014 10 35 2014 19761984 200319972000 13.51B(1)2014 7 12014 12 31

36 2014 2014 12 31 7 50 2014 12 31 87 162 2014 9 172014 6 30 222013 6 3020 2014 12 3162 201350302015 6 18 2015 2015 6 23 2015 6 234 30 183 17 1712 1716 2015 7 3 2015

2015 2015 2015 2015 6 162015 6 18 2015 6 154 30 183 17 1712 1716 2015 6 182 30 37 2014 2014 12 31163 2014 6 5 49.26% (i) (ii) (iii) (iv) (v) 19.45% 10.60% 8.57% 5.68% 4.96%

38 2014 Interdragon Limited 5% 30% 43 2014 12 3155.042013 12 3158.31 1202013 12 31390

2014 12 31 2017 70,468 521,435 100% 39 2014 11,626 135,442 100% 23,066 126,500 51% 93 103 I 1 5 12 3 5,582.72 100% 7,585.72 100% 2014 12 3138 5,23020134,000 15 17 41

40 2014 2009 5 13 2009 5 1310%500,000,000 159,154,000 2.8% 12 (a) 1% (b) (i) (ii) 0.1% 500

41 1 28 2014 (a) (b) 10

42 2014 2014 12 31 2013 10 8 6 2013 10 8 6 2014 4 8 2023 4 7 2015 4 8 2023 4 7 2014 1 1 2014 12 31 22 1,000,000 1,000,000 22 1,000,000 1,000,000 2013 10 8 6 2011 3 17 5 2011 3 17 5 2011 3 17 5 2011 3 17 5 2011 3 17 5 2011 3 17 5 2011 3 17 5 2016 4 8 2023 4 7 22 1,000,000 1,000,000 2011 9 17 12.496 500,000 (500,000) 2020 9 16 2011 9 17 12.496 500,000 500,000 2020 9 16 2011 9 17 12.496 500,000 (500,000) 2020 9 16 2011 9 17 12.496 500,000 500,000 2020 9 16 2011 9 17 12.496 35,000,000 (35,000,000) 2020 9 16 2011 9 17 12.496 32,000,000 (32,000,000) 2020 9 16 2011 9 17 12.496 3,000,000 3,000,000 2020 9 16 2010 8 31 4 2011 2 28 2020 2 27 7.48 3,000,000 3,000,000 2011 3 17 5 2011 3 17 5 2009 7 13 1 2011 3 17 5 2011 9 17 12.496 3,000,000 3,000,000 2020 9 16 2011 9 17 12.496 30,000,000 (30,000,000) 2020 9 16 2010 1 13 2019 1 12 2.82 3,000,000 3,000,000 2011 9 17 12.496 3,000,000 (3,000,000) 2020 9 16 117,000,000 (101,000,000) 16,000,000

43 2009 7 13 1 2010 5 19 2 2010 5 26 3 2010 1 13 2019 1 12 2010 11 19 2019 11 18 2010 11 26 2019 11 25 2014 1 1 2014 12 31 2.82 3,260,000 (370,000) 2,890,000 5.11 600,000 (400,000) 200,000 5.03 260,000 260,000 2014 2013 10 8 6 2014 4 8 2023 4 7 22 14,125,000 (80,000) 14,045,000 2013 10 8 6 2014 10 8 2023 4 7 22 1,000,000 1,000,000 2013 10 8 6 2015 4 8 2023 4 7 22 14,070,000 (128,000) 13,942,000 2013 10 8 6 2015 10 8 2023 4 7 22 500,000 500,000 2013 10 8 6 2016 4 8 2023 4 7 22 14,053,000 (128,000) 13,925,000 2013 10 8 6 2016 10 8 2023 4 7 22 500,000 500,000 2013 10 8 6 2017 10 8 2023 4 7 22 500,000 500,000 2013 10 8 6 2018 10 8 2023 4 7 22 500,000 500,000 49,368,000 (770,000) (336,000) 48,262,000 2009 7 13 1 2010 1 13 2019 1 12 2.82 950,000 (650,000) 300,000 2013 10 8 6 2014 4 8 2023 4 7 22 734,000 734,000 2013 10 8 6 2015 4 8 2023 4 7 22 734,000 734,000 2013 10 8 6 2016 4 8 2023 4 7 22 732,000 (166,000) 566,000 3,150,000 (650,000) (166,000) 2,334,000 169,518,000 (102,420,000) (502,000) 66,596,000

44 2014 1. 2009 7 1330,000,000 2010 1 13 2.85 2009 7 13166,700,000 146,700,000 2010 1 132019 1 12 1.25819 10,000,000 2011 1 132019 1 12 1.28888 10,000,000 2012 1 132019 1 12 1.31545 2. 2010 5 194.81 2.0728 3. 2010 5 264.83 2.0178 4. 2010 8 317.49 2.8926 5. 2011 3 1712.58 4.5320 6. 2013 10 847,460,00034%33% 2013 10 83,000,00034% 16.5% 21.95 2013 10 850,460,000 15,863,000 2014 4 82023 4 7 8.4299 1,000,000 2014 10 82023 4 7 8.5172 15,808,000 2015 4 82023 4 7 8.6397 500,000 2015 10 82023 4 7 8.7396 15,789,000 2016 4 82023 4 7 8.8327 500,000 2016 10 82023 4 7 8.8954 500,000 2017 10 82023 4 7 8.9801 500,000 2018 10 82023 4 7 8.9928 7. 20.25

45 2014 30 3511 95 2015 3.13 2015

46 2014 (i) (ii) Many Town Company LimitedMany Town Company Limited Interdragon Limited 2014 2008 6 18 2008 6 18 2020 3 31 49

2008 6 262009 6 162009 9 112010 12 302014 1 6 2014 1 6 2014 1 1 2016 12 31 (i) (ii) (iii) (iv) (v) 2014 49 47 2014 2014 1 6

48 2014 2008 6 18 2002 4 1 2014 49 2008 6 262010 12 302014 1 6 20112014 2013 11 22 2014 1 1 (i) (ii) (iii) (iv)

2.88(a) 2013 9 24287,374,000 (b)2013 12 31 167,000162,000 2013 11 22 2014 12 31 2014 12 31 2015 12 31 2016 12 31 49 2014 1 261.2 307 327 327 2 (i) 118.0 141 169 203 (ii) 54.2 84 101 121 (iii) 163.5 194 223 257 (iv) (v) 3 0.4 85 85 85 1. 2013 11201420152016 12 31 3.073.273.27(i)(ii) 2016 12 31 (iii)(iv) 2016 12 31

50 2014 2. 2014 1201420152016 12 31 (i) (ii)(iii)(iv) 3. 2013 11201420152016 12 31 8,500 51% 50% 2014 2013 12 6 2014 1 1 2016 12 31 51 2013 12 6

董事報告書 51 2014 12 31 2014 12 31 2015 12 31 2016 12 31 51.5 63.0 67.0 70.0 2014 (i)(ii)(iii) (iv) 50% 14A.12(2)(b) 2014 2010 2 19 2009 10 1 2020 3 31 2009 10 1,692.6 2010 12 13

52 2014 Netlink Capital Limited Netlink97.3% Netlink 97.3%Netlink Netlink 2014 2012 11 18 2014 1 1 2016 12 31 Netlink 53 10,300,00010,000,000 Netlink82,400,000 80,000,000 Netlink 2012 11 18

2014 12 31 53 54 2014 12 31 2015 12 31 2016 12 31 126 126 126 53 2014 (i) (ii) 5% 2014 2013 11 22 2014 1 1 2016 12 31 54

54 2013 11 22 2014 2014 12 31 2014 12 31 2015 12 31 2016 12 31 158.6 180 180 180 (i)(ii) (iii)(iv) 10% A 14A.56 740 2014 (i) (ii) (iii) (iv) 2013 11 222013 12 6 2014 1 6

55 (1) (2) (3) 2015 2 25 2008 6 182014 12 3140 2014 2014 12 31 298,982,18719.3% 342

56 2014 2014 12 31 XV352 2 3,000,000 1 0.05% 500,000 0.01% 100,000 0.002% 500,000 0.01% 1 100,000 500,000 0.012% 200,000 0.004% 500,000 0.01% 500,000 0.01% 1 500,000 500,000 0.02% 153,327,922 2.71% 118,452,922 2.09% 18,107,500 0.32% 3,000,000 0.05% 1 18,107,500 3,000,000 0.37% 6,000,000 0.11% 1 457,950,000 8.10% 3,000,000 0.05% 3,000,000 0.05% 1 3,000,000 3,000,000 0.10%

100 100 0.12% 637 5,215 5,852 6.86% 1,004 1,004 1.18% 57 2014 B 300,000 10.00% 1. 2. 2014 12 315,655,929,293 2014 12 31 XV78XV 352

58 2014 2014 12 31XV 336 2 3,049,987,500 53.93% 457,950,000 8.10% The Capital Group Companies, Inc. 399,208,000 1 7.06% Capital Research and Management Company 359,285,000 1 6.35% 1. The Capital Group Companies, Inc. Capital Research and Management CompanyCRMCCapital Group International, Inc.CGII CGII Capital Guardian Trust CompanyCGTCCapital International, Inc.CIICapital International LimitedCIL Capital International SárlCIS 3362014 12 31CRMC CGTC CII CIL CIS 399,208,000 2. 2014 12 315,655,929,293 2014 12 31 336 4848(b) 48(j) 48(m) 48(o) A A

2008 6 18 (i) (ii) 59 2014 2015 2 25 2008 2015 2 25STDM-Investments Limited STDM-I2011 8 152007 11 20 STDM-I 2011 8STDM-ISTDM-I STDM-I

60 2014 2014 12 31 61 81 2015 2014 12 31 2015 2 25

2014 12 31 A.6.5 61 2014 E.1.2 2014 6 52014 2014 12 31

62 2014 121 3 7 1 42 58.3% 8.3% 33.4%4 1. 1280 2. 33.10(1) 3. 3.10(2) 4. 1/33.10A

2013 30 35 63 2014

64 2014 1 9 10

(i) 65 2014 (ii) 10% 2015 6 182015 95 2015 2015 4 1

66 2014 (i) (ii) (a) (b) 2014 (i) (ii) (iii) 3.13

67 2014 14

68 2014 2014

2014 12 31 2014 2/4 0/1 4/4 2/2 1/1 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 2/2 1/1 1/1 4/4 1/1 1/1 69 2014 3/4 0/1 4/4 4/4 2/2 1/1 1/1 4/4 4/4 2/2 1/1 1/1 4/4 4/4 2/2 1/1 1/1 4/4 4/4 2/2 1/1 1/1 94(L)

70 2014 4 100% 2008 6 2 (i) (ii)

2014 69 2014 2013 12 312014 6 30 2014 3 312014 9 30 2015 71 2014

72 2014 6 67% 1 2008 6 B.1.2(c)(i)

2014 2014 20142013 20142013 73 2014 69 2014 6 5 2015 11 47

74 2014 2008 6 7 57% 1 2014 2014

2015 2015 4 1 69 D.3.1 75 2014 2012 2014 2014

76 2014 (i) 2014 3 3 (ii) 2014 1 12014 12 31

14 21 20103 319 30 77 2014 85 86

78 2014 20142013 2014 2013 8.3 8.3 3.2 3.2 0.6 0.6 0.1 0.1 1.0 0.5 0.1 13.2 12.8 (i)(ii) (iii)(iv) (i) (ii)(iii) (iv) (v) (i)(ii) (iii) (iv)(v)

2014 12 31 79 2014 20 201415

80 2014 49566 566 5% 1 30 3001 3006 ir@sjmholdings.com comsec@sjmholdings.com 20 10

130 3001 3006 ir@sjmholdings.com 2014 6 52 30168 2001 (i)2013 12 31 (ii)(iii) (iv)(v)(vi) (vii) 81 2014 201512 http://www.sjmholdings.com 2015 2 25

環境社會及管治報告 82 2014 2014 2014 12 31 21 30 6 719 3,677 307 771 5,480 31 40 12 498 4,546 234 515 5,805 41 50 15 522 5,078 164 264 6,043 51 60 20 780 3,450 71 27 4,348 61 7 161 166 24 0 358 60 2,680 16,917 800 1,577 22,034 201414,480

環境社會及管治報告 83 2014 17% 7 16% 25 21

84 2014 2014 (http://www.carbon-footprint. hk) 2014 2014 22 23 2015 2 25

85 87 162 2014 12 31 2014 622 8011

86 2014 2014 12 31 2015 2 25

2014 12 31 2014 2013 79,933.9 87,650.9 8 79,268.5 86,956.3 (30,495.8) (33,425.2) 48,772.7 53,531.1 665.4 694.6 (266.3) (292.5) 306.0 556.4 (33,788.6) (38,459.1) (8,780.3) (8,178.1) 9 (72.6) (89.5) 20 26.0 6.2 21 7.4 5.8 87 2014 10 6,869.7 7,774.9 12 (88.3) (52.5) 6,781.4 7,722.4 (1,095.5) 1,223.9 5,685.9 8,946.3 6,730.7 7,706.0 50.7 16.4 6,781.4 7,722.4 5,635.2 8,929.9 50.7 16.4 5,685.9 8,946.3 14 120.0 138.8 14 119.3 137.5

88 2014 2014 12 31 2014 2013 15 11,431.4 8,325.3 17 2,728.9 2,771.0 18 14.2 20.5 19 281.3 289.2 20 45.1 19.1 21 101.2 93.8 22 608.4 1,703.9 23 173.0 426.7 24 63.7 25 88.4 88.4 26 14.3 14.3 27 75.0 93.0 28 525.9 633.7 16,087.1 14,542.6 63.0 62.4 29 2,093.9 1,509.5 30 0.1 3.4 31 78.6 151.3 28 85.8 43.7 32 14,259.8 14,910.2 32 9,546.8 11,145.4 26,128.0 27,825.9 33 14,383.4 15,318.9 36 327.3 311.5 37 9.3 41.1 41.1 38 257.9 318.3 39 22.9 22.9 15,032.6 16,022.0 11,095.4 11,803.9 27,182.5 26,346.5

2014 12 31 2014 2013 33 281.5 36 522.3 849.6 37 63.7 38 733.1 1,191.2 39 650.3 705.8 40 133.0 81.0 89 2014 2,320.2 2,891.3 24,862.3 23,455.2 41 11,231.9 5,553.5 13,532.1 17,849.6 24,764.0 23,403.1 98.3 52.1 24,862.3 23,455.2 87 1622015 2 25

90 2014 2014 12 31 2014 2013 15 1.3 2.9 16 4,359.3 4,359.3 4,360.6 4,362.2 53.2 48.1 34 811.9 772.7 32 11,726.4 10,826.5 32 456.7 232.1 13,048.2 11,879.4 5.1 5.2 34 291.6 291.6 296.7 296.8 12,751.5 11,582.6 17,112.1 15,944.8 41 11,231.9 5,553.5 43 5,880.2 10,391.3 17,112.1 15,944.8

2014 12 31 2013 1 1 5,547.8 3,894.0 526.3 9,910.1 19,878.2 35.8 19,914.0 1,223.9 1,223.9 1,223.9 7,706.0 7,706.0 16.4 7,722.4 1,223.9 7,706.0 8,929.9 16.4 8,946.3 5.7 57.5 (17.3) 45.9 45.9 99.9 99.9 99.9 (0.1) (0.1) 13 (5,550.8) (5,550.8) (5,550.8) 91 2014 5.7 57.5 82.6 (5,550.8) (5,405.0) (0.1) (5,405.1) 2013 12 31 5,553.5 3,951.5 608.9 1,223.9 12,065.3 23,403.1 52.1 23,455.2 (1,095.5) (1,095.5) (1,095.5) 6,730.7 6,730.7 50.7 6,781.4 (1,095.5) 6,730.7 5,635.2 50.7 5,685.9 0.3 1.9 (0.6) 1.6 1.6 3,953.4 (3,953.4) 227.4 227.4 227.4 1,724.7 (459.2) 1,265.5 1,265.5 7.8 7.8 (12.3) (12.3) 13 (5,768.8) (5,768.8) (5,768.8) 5,678.4 (3,951.5) (232.4) (5,768.8) (4,274.3) (4.5) (4,278.8) 2014 12 31 11,231.9 376.5 128.4 13,027.2 24,764.0 98.3 24,862.3 6222014 3 3 2014 6 5

92 2014 2014 12 31 2014 2013 6,869.7 7,774.9 (372.0) (304.8) 42.4 57.6 30.2 31.9 (5.2) (13.3) (26.0) (6.2) (7.4) (5.8) 6.3 6.4 1,093.5 1,137.1 13.2 16.0 42.4 41.5 (3.2) 72.7 (67.0) 227.4 99.8 (148.7) 7,984.0 8,619.4 (0.6) 1.4 (591.6) 180.9 (1,098.3) 800.0 6,293.5 9,601.7 (41.1) (41.5) 6,252.4 9,560.2

2014 12 31 2014 2013 373.1 304.4 5.2 13.3 (3,338.3) (999.0) 13.2 3.2 (311.5) (151.3) (73.2) (334.2) (0.4) (4.3) 3.7 1.7 (47.6) 2.1 44.7 18.0 19.9 30,733.0 27,424.3 (30,082.6) (30,840.0) 78.2 (14.3) (14.9) 48(o) (26.8) 148.7 93 2014 (2,620.6) (4,431.1) (119.7) (106.9) (5,768.8) (5,550.8) 1,267.1 45.9 (2.1) (44.7) (516.7) (234.5) 7.8 (98.0) (24.5) (5,230.4) (5,915.5) (1,598.6) (786.4) 1 1 11,145.4 11,931.8 12 31 9,546.8 11,145.4 9,546.8 11,145.4

94 2014 1. 2014 12 31 2. 10 12 27 32 36 39 21

2014 12 31 2. 9 1 14 2 15 3 11 5 1 5 16 5 38 16 5 41 19 4 27 5 10 5 28 10 5 12 28 20102012 6 20112013 4 20122014 5 95 2014 1 2018 1 1 2 2016 1 1 3 2017 1 1 4 2014 7 1 5 2016 1 1 6 2014 7 1 9 200992010 9 2013 9 2014 a b

96 2014 2014 12 31 2. 9 9 39 9 9 39 9 39

2014 12 31 2. 15 2014 715 15 1811 15 1 2 3 4 5 97 2014 15 15 15 1638 16 38 (a) (b) 2016 1 1

98 2014 2014 12 31 2. 27 9 9 39 28 2728 101 20102012 20102012 2(i)(ii) 2 2014 7 1 8(i) (ii) 1313 39 9 1638

2014 12 31 2. 20102012 24 9 15 3. 99 2014 6229 217 2 36 123 1 21 3

100 2014 3. 2014 12 31 3.1 3.2 3.3

3. 2014 12 31 3.3 39 36 36 101 2014 3.4

102 2014 3. 2014 12 31 3.4 39 36 36 3.5 3.6

3. 2014 12 31 3.6 2540 310 103 2014 25% 7.6% 50% 25% 20% 3.3% 16.7% 3.7

104 2014 3. 2014 12 31 3.7 3.8 3.9 3.10 3.11 3.12 3.13

3. 2014 12 31 3.13 (a) (i) 105 2014 (ii) (iii) (iv)

106 2014 3. 2014 12 31 3.13 (a) (v)

3. 2014 12 31 3.13 (b) (i) 107 2014 (ii) (iii) (c) (d)

108 2014 3. 2014 12 31 3.14 3.15

3. 2014 12 31 3.15 109 2014 3.16 3.17 (a) (b)

110 2014 3. 2014 12 31 3.17 (b) 3.18 (a) 2014 3 3 2014 3 3 (b) 3.19

4. 2014 12 31 2014 12 31 11.75201310.18 8,28020138,710 111 2014 2014 12 316.73 20137.29 2014 12 31 1.0120139,3804,51020131,910 3,43020133,430

112 2014 5. 2014 12 31 6. (a) (b) 2014 2013 2014 2013 26,529.8 28,377.4 13,045.9 11,878.0 78.6 151.3 608.4 1,703.9 27,216.8 30,232.6 13,045.9 11,878.0 13,749.6 15,375.5 296.7 296.8 3

6. 2014 12 31 (c) 35 49 88% 201377% 113 2014 49 2013 93% 201399%

114 2014 6. 2014 12 31 (d) 2013 2013 50201350 2013 50201350 2014 2013 32.7 41.8

6. 2014 12 31 (e) 10% 201310% 115 2014 2014 12 317902013 1,510 6,08020131.7 (f)

116 2014 6. 2014 12 31 (f) 3 3 6 6 1 1 2014 12 31 2,241.8 4.4 16.9 2,263.1 2,263.1 6,732.4 6,732.4 6,732.4 1,378.2 44.5 536.1 281.5 2,240.3 2,240.3 4.10% 24.5 733.9 758.4 673.2 5.00% 182.9 182.9 548.6 914.4 849.6 (i) 3.09% 108.8 88.1 94.6 769.6 1,061.1 991.0 (ii) 87.3 87.3 6,819.7 3,728.8 319.9 855.0 2,333.6 14,057.0 13,749.6 2013 12 31 2,730.9 112.0 12.2 2,855.1 2,855.1 7,551.8 7,551.8 7,551.8 1,075.4 110.8 383.1 1,569.3 1,569.3 4.38% 24.5 831.9 856.4 728.7 2.37% 2.0 3.0 5.8 67.0 77.8 73.0 5.00% 182.9 182.9 914.3 1,280.1 1,161.1 (i) 3.17% 72.0 71.6 224.0 1,269.0 1,636.6 1,509.5 (ii) 87.3 87.3 7,639.1 3,880.3 480.3 832.5 3,082.2 15,914.4 15,448.5

6. (f) 2014 12 31 3 3 6 6 1 1 2014 12 31 4.4 0.7 5.1 5.1 291.6 291.6 291.6 117 2014 291.6 4.4 0.7 296.7 296.7 2013 12 31 3.5 1.7 5.2 5.2 291.6 291.6 291.6 291.6 3.5 1.7 296.8 296.8 (i) (ii) (g)

118 2014 6. 2014 12 31 (g) 1 (h) 29 2014 12 31 1,158.7 (177.3) 981.4 (212.5) 768.9 2013 12 31 1,377.0 (400.0) 977.0 (384.0) 593.0

6. 2014 12 31 (h) 2014 12 31 658.6 (177.3) 481.3 (212.5) 268.8 2013 12 31 1,096.1 (400.0) 696.1 (384.0) 312.1 119 2014 29 7. (i) (ii) 8

120 2014 7. 2014 12 31 (a) 2014 2013 2014 2013 79,268.5 86,956.3 7,086.1 7,734.5 665.4 694.6 321.4 300.9 986.8 995.5 (257.0) (273.9) (321.4) (300.9) 665.4 694.6 79,933.9 87,650.9 6,829.1 7,460.6 232.4 192.4 (152.5) (105.8) 148.7 (72.7) 67.0 26.0 6.2 7.4 5.8 6,869.7 7,774.9 3

7. 2014 12 31 (b) 2014 2013 16,948.4 19,404.3 5,589.2 6,364.1 121 2014 22,537.6 25,768.4 45.1 19.1 101.2 93.8 12,300.0 11,197.2 7,231.2 5,290.0 42,215.1 42,368.5 438.8 668.4 552.2 841.1 991.0 1,509.5 13,987.8 15,081.2 336.9 304.9 14,324.7 15,386.1 15,315.7 16,895.6 2,037.1 2,017.7 17,352.8 18,913.3 (i)

122 2014 7. 2014 12 31 (b) (ii) (iii) (iv) (i) (c) 2014 2013 1,069.2 930.1 58.9 17.8 * 3,257.7 2,866.2 4,385.8 3,814.1 * 647.4 654.1 446.8 485.9 5.6 3.5 1,099.8 1,143.5 (2.2) 13.3 14.8 2.7 0.6 13.2 16.0 217.1 95.2 10.3 4.6 227.4 99.8

7. (c) 2014 12 31 2014 2013 22.8 23.6 19.3 29.8 30.5 36.1 72.6 89.5 132.4 107.6 20.2 19.5 219.4 177.7 123 2014 8. 372.0 304.8 10% 2014 2013 48,244.8 58,306.4 29,685.6 27,255.9 1,338.1 1,394.0 79,268.5 86,956.3 9. 2014 2013 42.1 53.4 0.3 4.2 52.3 40.0 30.2 31.9 124.9 129.5 (52.3) (40.0) 72.6 89.5

124 2014 10. 2014 12 31 2014 2013 11 102.8 86.0 99.4 92.4 (25.0) (18.4) 74.4 74.0 204.2 89.2 5,741.6 5,126.3 5,945.8 5,215.5 6,123.0 5,375.5 8.3 8.3 4.9 4.5 13.2 12.8 44.9 44.0 334.4 334.7 379.3 378.7 6.3 6.4 72.7 1,093.5 1,137.1 13.2 16.0 9.4 4.5 371.7 300.6 0.3 4.2 372.0 304.8 5.2 13.3 3.2 67.0 22 148.7

2014 12 31 11. 125 2014 2013 (1) (2)(3) (1) (2) (3) 24.3 6.1 2.4 32.8 24.3 6.0 30.3 11.9 3.0 1.2 16.1 11.4 2.8 14.2 10.4 2.6 1.2 14.2 10.0 2.4 12.4 2.9 0.7 0.4 4.0 2.8 0.7 3.5 0.8 0.2 0.4 1.4 0.4 0.1 0.5 8.8 2.2 2.3 13.3 8.4 2.1 1.1 11.6 0.9 0.2 0.4 1.5 1.1 0.3 1.4 2014 2013 5 1.6 1.6 2013 5 0.9 0.2 0.4 13.8 15.3 0.5 0.1 6.1 6.7 0.6 0.2 0.8 0.6 0.1 0.7 0.6 0.2 0.8 0.6 0.1 0.7 0.6 0.2 0.8 0.6 0.1 0.7 0.6 0.2 1.0 1.8 0.6 0.1 1.0 1.7 63.3 16.0 9.7 13.8 102.8 62.9 14.9 2.1 6.1 86.0 (1) (2) (3)

126 2014 11. 2014 12 31 2013 2014 2014 2013 6.3 6.3 68.9 30.5 75.2 36.8 12. 2014 2013 41.1 41.1 0.4 41.1 41.5 (21.3) 41.1 20.2 47.2 32.3 88.3 52.5 2011 11 232012 2016 2012 8 102012 20164,2304,110 4,11020134,110

12. 2014 12 31 20062,130 12% 127 2014 2014 2013 % % 6,869.7 7,774.9 824.4 12.0 933.0 12.0 (835.8) (12.2) (909.1) (11.7) (4.0) (1.4) (17.9) (0.2) (41.0) (0.5) 44.4 0.6 51.9 0.7 37.5 0.5 43.1 0.6 (1.4) (44.2) (0.6) 41.1 0.6 41.1 0.5 (21.3) (0.3) 0.4 88.3 1.3 52.5 0.7

128 2014 13. 2014 12 31 2014 2013 201422 1,244.3 201320 1,110.6 201330 1,696.7 201230 1,665.1 201350 2,827.8 201250 2,775.1 5,768.8 5,550.8 2015 2 256235.07 5,655,929,293 14. 2014 2013 6,730.7 7,706.0 2014 2013 5,611,063,923 5,550,417,186 30,050,399 54,149,087 5,641,114,322 5,604,566,273

15. 2014 12 31 129 2013 1 1 4,899.5 425.5 5,336.9 642.6 2,925.7 27.1 13.7 14,271.0 5.5 26.3 206.5 25.2 58.2 2.4 1,026.7 1,350.8 (1.4) (73.1) (42.4) (81.0) (197.9) 2014 2013 12 31 4,903.6 451.8 5,470.3 625.4 2,902.9 29.5 13.7 1,026.7 15,423.9 25.7 3.8 221.2 104.2 69.6 11.8 275.7 3,514.0 4,226.0 (80.5) (75.1) (43.0) (0.6) (199.2) 2014 12 31 4,929.3 455.6 5,611.0 654.5 2,929.5 40.7 289.4 4,540.7 19,450.7 2013 1 1 1,030.9 395.0 2,643.0 554.1 1,488.6 14.9 13.7 6,140.2 234.9 22.8 501.3 50.3 324.0 3.8 1,137.1 (0.3) (57.0) (42.4) (79.0) (178.7) 2013 12 31 1,265.5 417.8 3,087.3 562.0 1,733.6 18.7 13.7 7,098.6 236.8 17.2 457.1 38.1 325.6 5.2 13.5 1,093.5 (58.0) (74.9) (39.3) (0.6) (172.8) 2014 12 31 1,502.3 435.0 3,486.4 525.2 2,019.9 23.3 27.2 8,019.3 2014 12 31 3,427.0 20.6 2,124.6 129.3 909.6 17.4 262.2 4,540.7 11,431.4 2013 12 31 3,638.1 34.0 2,383.0 63.4 1,169.3 10.8 1,026.7 8,325.3 2014 12 31 21.71201324.242020

130 2014 15. 2014 12 31 2013 1 12013 12 31 2014 12 31 3.7 3.8 7.5 2013 1 1 1.4 1.2 2.6 0.6 1.4 2.0 2013 12 31 2.0 2.6 4.6 0.4 1.2 1.6 2014 12 31 2.4 3.8 6.2 2014 12 31 1.3 1.3 2013 12 31 1.7 1.2 2.9 16. 2014 2013 3,972.3 3,972.3 387.0 387.0 4,359.3 4,359.3 50

17. 2014 12 31 2014 2013 1 1 2,771.0 739.7 34.4 2,089.1 9 52.3 40.0 (42.4) (41.5) (86.4) (56.3) 131 2014 12 31 2,728.9 2,771.0 2012 25 20.88 2013 5% 2012 10 192013 5 15 18. 6,32020136,320 10 2017 19. 20. 2014 2013 25.0 25.0 6.8 6.8 13.3 (12.7) 45.1 19.1 49%

132 2014 20. 2014 12 31 2014 2013 1,186.5 1,315.4 69.4 59.1 (1,361.4) (1,534.0) 805.0 884.0 53.3 12.6 * 2014 2013 1 112 31 185.8 185.8 * 2014 2013 (105.5) (159.5) 185.8 185.8 80.3 26.3 49% 49% 5.8 6.2 45.1 19.1

21. 2014 12 31 2014 2013 39.7 39.7 61.5 54.1 101.2 93.8 133 2014 49% 3,43020133,430 2014 2013 143.4 128.4 30.6 31.5 (37.5) (38.5) 14.4 14.4 15.1 11.8 0.9 0.9 1.9 1.5

134 2014 21. 2014 12 31 2014 2013 136.5 121.4 49% 49% 34.3 34.3 101.2 93.8 22. 2013 71.49 2013 12 31 23. 2014 2013 173.0 426.7 24. 37Companhia de Aviação Jet Asia Limitada Jet Asia2014 12 31 25. 2014 12 31 12

26. 2014 12 31 2014 12 31 12 27. 2014 12 31 12 28. 135 2014 2014 2013 (a) 380.3 488.1 (b) 145.6 145.6 525.9 633.7 (a) 84.5 42.4 1.0 1.0 0.3 0.3 85.8 43.7 611.7 677.4 (a) (b) 12 3.8020134.88 2007 4 1 1802020 3 312.91 2014 12 311.30% 2.75% 20130.80% 2.75%

136 2014 29. 2014 12 31 2014 2013 981.4 977.0 578.9 41.0 160.2 127.9 373.4 363.6 2,093.9 1,509.5 2014 2013 0 30 981.4 973.5 90 3.5 981.4 977.0 15 2014 12 31

2014 12 31 29. 2014 2013 1 1 87.1 87.1 (1.1) (3.2) 137 2014 12 31 82.8 87.1 8,28020138,710 2014 2013 A 25.5 39.4 1.3 1.2 225.8 174.6 252.6 215.2 30. 48(b) 12

138 2014 2014 12 31 31. 32. 2014 12 31 0.86% 2.75% 20130.58% 2.90% 36201337 12 2014 12 310.01% 1.95% 20130.01% 1.75% 2014 12 31 0.93% 2% 20130.58% 1.80% 36201336 12 2014 12 310.01% 1.4% 20130.01% 1.75%

33. 2014 12 31 2014 2013 2,263.1 2,855.1 2,065.8 2,962.7 6,732.4 7,551.8 1,342.4 352.6 60.9 63.8 677.9 216.3 947.1 632.9 152.1 222.4 20.9 27.4 402.3 433.9 139 2014 14,664.9 15,318.9 (281.5) 14,383.4 15,318.9 2014 2013 0 30 2,216.4 2,816.1 31 60 32.2 25.1 61 90 2.0 0.9 90 12.5 13.0 2,263.1 2,855.1 90

140 2014 33. 2014 12 31 2014 2013 A 121.1 265.7 64.5 24.3 280.5 400.6 466.1 690.6 34. 12 35. 49 2014 12 312013 12 31 36. 2014 12 31 8.5201311.61 3.2720133.125.2220138.5 1712

37. 2014 12 31 2014 2013 2014 2013 10.8 9.3 11.8 10.4 55.2 53.3 141 2014 77.8 73.0 (4.8) 73.0 (9.3) 63.7 20072008Sky Reach Investments LimitedSky Reach Jet Asia Jet Asia Jet Asia 2013 12 312.37%(i) Jet Asia (ii) Sky Reach 2014 12 31Sky Reach Jet Asia7,2002013 1.452013 7,20020131.45Jet Asia 2014 12 31

142 2014 38. 2014 12 31 2014 2013 257.9 318.3 162.9 399.7 570.2 791.5 991.0 1,509.5 (257.9) (318.3) 733.1 1,191.2 2014 12 31 3 2.75% 3.0% 20133 2.75% 3.0%3.13% 3.38% 20133.13% 3.38%3.0%4.582013 4.993 2014 12 31 10.16 201311.67,23020137,710 (i) (ii) (iii) (iv) (v) (vi) 4.6520135.31 2420132411.76 201311.76 (vii)

39. 2014 12 31 2,290 20132,2906.520137.062014 12 31 1,2302013 10 143 2014 2014 12 316.732013 7.293,02020133,1907.5820138.56 4.1% 20134.4% 40. 2013 1 1 (121.3) 72.6 (48.7) (38.2) 5.9 (32.3) 2013 12 31 (159.5) 78.5 (81.0) 48(o) (4.8) (4.8) 24.0 (71.2) (47.2) 2014 12 31 (140.3) 7.3 (133.0) 2014 12 316.6120135.64

2014 12 31 144 41. 2014 1 2013 1 12013 12 31 15,000,000,000 15,000.0 2014 12 31 1 2013 1 1 5,547,844,293 5,547.8 5,665,000 5.7 2013 12 31 5,553,509,293 5,553.5 102,420,000 1,725.0 3,953.4 2014 12 31 5,655,929,293 11,231.9 6222014 3 3 2014 6 5 2014 12 31102,420,00020135,665,000 2.825.1112.49620132.825.1112.496 1,020,000400,000101,000,00020132,265,000400,0003,000,000

42. 2014 12 31 2009 5 13 2019 5 13 281 (i)(ii) 10% 30% 145 2014 12 1% (a) 0.1%(b) 500 2013 10 82009 5 13 5,05022 173

146 2014 42. 2014 12 31 2014 12 31 2013 1 1 2013 2013 2013 2013 12 31 2014 2014 2014 12 31 2009 7 13 2009 7 13 2010 1 13 2.82 4,500,000 (1,500,000) 3,000,000 3,000,000 2010 1 12 2019 1 12 2010 8 31 2010 8 31 2011 2 28 7.48 3,000,000 3,000,000 3,000,000 2011 2 27 2020 2 27 2011 3 17 2011 3 17 2011 9 17 12.496 111,000,000 (3,000,000) 108,000,000 (101,000,000) 7,000,000 2011 9 16 2020 9 16 2013 10 8 201310 8 2014 4 8 22 1,000,000 1,000,000 1,000,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 1,000,000 1,000,000 1,000,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 1,000,000 1,000,000 1,000,000 2016 4 7 2023 4 7 2009 7 13 2009 7 13 2010 1 13 2.82 3,825,000 (565,000) 3,260,000 (370,000) 2,890,000 2010 1 12 2019 1 12 2010 5 19 2010 5 19 2010 11 19 5.11 1,000,000 (400,000) 600,000 (400,000) 200,000 2010 11 18 2019 11 18 2010 5 26 2010 5 26 2010 11 26 5.03 260,000 260,000 260,000 2010 11 25 2019 11 25 2013 10 8 2013 10 8 2014 4 8 22 14,129,000 (4,000) 14,125,000 (80,000) 14,045,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2014 10 8 22 1,000,000 1,000,000 1,000,000 2014 10 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 14,074,000 (4,000) 14,070,000 (128,000) 13,942,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2015 10 8 22 500,000 500,000 500,000 2015 10 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 14,057,000 (4,000) 14,053,000 (128,000) 13,925,000 2016 4 7 2023 4 7 2013 10 8 2013 10 8 2016 10 8 22 500,000 500,000 500,000 2016 10 7 2023 4 7 2013 10 8 2013 10 8 2017 10 8 22 500,000 500,000 500,000 2017 10 7 2023 4 7 2013 10 8 2013 10 8 2018 10 8 22 500,000 500,000 500,000 2018 10 7 2023 4 7 2009 7 13 2009 7 13 2010 1 13 2.82 1,150,000 (200,000) 950,000 (650,000) 300,000 2010 1 12 2019 1 12 2013 10 8 2013 10 8 2014 4 8 22 734,000 734,000 734,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 734,000 734,000 734,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 732,000 732,000 (166,000) 566,000 2016 4 7 2023 4 7 124,735,000 50,460,000 (5,665,000) (12,000) 169,518,000 (102,420,000) (502,000) 66,596,000 11.57 22.00 8.11 22.00 14.79 12.37 22.00 18.45

2014 12 31 42. 147 19.21 33,429,0002013119,070,000 2013 10 8 4.36 Black-Scholes pricing model Binomial option pricing model) 2009 7 13 2010 5 19 2010 5 26 2010 8 31 2011 3 17 2013 10 8 166,700,000 1,500,000 500,000 5,000,000 116,000,000 50,460,000 6 30 6 6 6 6 6 60 2.82 5.11 5.03 7.48 12.14 22 5 6 9.5 9.5 9.5 5 9.5 2.82 5.11 5.03 7.48 12.496 22 1.79 1.79 1.81 2 66.46% 56.77% 56.16% 49.56% 54.83% 47.549% 1.74 1.94 % 2.47% 2.35% 1.89% 2.49% 2.034% 3.26% 1.76% 1.79% 1.87% 3.33% 3.182% 2014 2008 7 2013 2014 12 31 2.271,03020139,980460 2.1720139,520

148 2014 43. 2014 12 31 2013 1 1 3,894.0 526.3 7,817.1 12,237.4 57.5 (17.3) 40.2 99.9 99.9 13 (5,550.8) (5,550.8) 3,564.6 3,564.6 2013 12 31 3,951.5 608.9 5,830.9 10,391.3 1.9 (459.8) (457.9) 227.4 227.4 (3,953.4) (3,953.4) 13 (5,768.8) (5,768.8) 5,441.6 5,441.6 2014 12 31 376.5 5,503.7 5,880.2 53.4201334.95 44. (a) (b) (c) 3.2720133.26 2014 12 3137 7,20020131.45 2013 12 317.77

45. 2014 12 31 2014 2013 2014 2013 4.6 4.6 320.0 287.1 29.1 22.4 387.7 529.6 193.5 204.7 14.6 72.8 149 2014 227.2 231.7 722.3 889.5 1 13 25 2014 12 316.19 20128.12 2014 2013 269.7 241.9 334.6 497.4 14.6 72.8 618.9 812.1 2014 12 312013 12 31

150 2014 46. 2014 12 31 2014 2013 16,843.0 26,164.7 196.8 620.9 17,039.8 26,785.6 8,282.2 1,849.2 918.6 490.8 9,200.8 2,340.0 2014 12 3120.18 20138.86 2014 12 31 3002013 300 2014 12 312013 12 31

47. 2014 12 31 5% 1,2502014 6 11,500 151 2014 2003 7 1

152 2014 48. 2014 12 31 (a) A 2014 2013 A A 48(c) 261.2 247.9 48(d) 163.5 159.1 48(d) (n) 129.9 48(d) 118.0 113.7 48(d) 54.2 61.5 48(d) 14.8 48(e) 49.0 A 48(f) (g) 3.5 1.5 48(g) 24.4 25.1 48(d) (g) 28.7 29.5 48(d) (g) 17.9 17.3 48(d) (g) 23.7 48(d) (g) 18.2 48(e) (g) 2.5 48(g) 19.6 16.1 A 48(n) 290.8 48(g) 3.8

48. (a) 2014 12 31 2014 2013 A A 1,692.6 1,942.7 48(h) 48(i) 51.5 44.5 48(j) 158.6 153 2014 A 48(g) 12.7 76.2 48(g) 34.4 64.6 A 48(m) 11.3 48(o) 64.1 48(k) 1,454.6 1,718.3 88.5 62.4 1.2 0.3 20.7 20.5 0.1 17.2 18.2 258.5 84.5 14.4 14.4

154 2014 48. 2014 12 31 (b) 2002 2002 2002 4 1 2008 6 18 2014 12 31402013430 (c) (d) 2008 6 18 2020 3 31 48 (a) 2008 6 18 2011 6 19 48(g) 2013 12 31 2014 1 62014 1 1 48(g)

48. 2014 12 31 (e) 372014 12 31 25020134,900 48(g) (f) 2014 12 31 7,200 20131.45 2008 6 18 (i) (ii) 155 2014 2011 6 19 2013 12 3114A.33(2)2014 7 1 14A.982014 7 1 48(a) (g) (h) A 14A.33(3)2014 7 114A.76(1)(a)2014 7 1 2010 2 19 2009 10 1 2020 3 3121 14A.11(4) (b)(ii)2014 7 150%

156 2014 48. 2014 12 31 (i) 2011 6 24 2011 6 24 2013 12 312013 12 31 2013 12 62014 1 1 (j) (k) (l) 2013 11 22 2014 1 1 2016 12 31 48(a) 38 (i) (ii) (iii) (iv) 11.76 (i) (ii) (iii)

48. 2014 12 31 (m) 2220124.8 A 22 1,1202013 7 (n) 2013 11 222014 1 1 (i)(ii) 2.88(iii)(iv) 157 2014 (o) 2014 2 6,410 6,4103,740

158 2014 48. 2014 12 31 2007 11STDM STDM STDM (a) (b) 2008 6 26 2011 8STDM 2011 12 31STDM STDM 49. 2014 2013 67.3 1.9 67.3 56.3 20.0 20.0 87.3 1.9 87.3 56.3

50. 2014 12 31 (a) 2014 2013 100% 100% 25,000 Brilliant Sky Investments 1 100% 100% Limited 159 2014 100% 100% 1,000,000 100% 100% 1,000,000 100% 100% 1,000,000 1 100% 100% 100% 100% 1,000,000 51% 51% 25,000 51% 51% 50,000 51% 51% 25,000 51% 51% 10,000,000 1 100% 100% 100% 100% 25,000

160 2014 50. (a) 2014 12 31 2014 2013 2 100% 100% SJM 100% 100% 1,000,000 1 100% 100% 100% 100% A (a) (a) 270,000,000 B 30,000,000 1 100% 100% (a) (b) (c) (d) AB90% 10% AA AB BBB 1100%

50. 2014 12 31 (a) 2014 2013 4 3 1 161 2014 5 3 2 2 15 14 4 4 1 1 4 4 1 25 23 32 28

162 2014 50. 2014 12 31 (b) 2014 2013 2014 2013 2014 2013 49% 49% 55.1 16.4 94.9 52.1 2014 2013 495.6 678.7 1,857.3 2,210.9 (412.2) (448.5) (2,121.9) (2,710.0) (181.2) (268.9) 2014 2013 1,122.4 1,075.3 (1,001.7) (1,064.4) 113.0 33.6 492.8 443.9 65.4 348.1 (789.1) (312.6) (230.9) 479.4

12 31 2010 2011 2012 2013 2014 57,653.3 76,092.0 79,518.9 87,650.9 79,933.9 57,195.0 75,514.4 78,884.1 86,956.3 79,268.5 163 2014 3,532.4 5,345.8 6,826.6 7,774.9 6,869.7 (17.6) (35.0) (74.9) (52.5) (88.3) 3,514.8 5,310.8 6,751.7 7,722.4 6,781.4 3,559.4 5,307.6 6,745.4 7,706.0 6,730.7 (44.6) 3.2 6.3 16.4 50.7 3,514.8 5,310.8 6,751.7 7,722.4 6,781.4 12 31 2010 2011 2012 2013 2014 28,889.4 33,020.0 37,293.8 42,368.5 42,215.1 (15,714.0) (15,773.4) (17,379.8) (18,913.3) (17,352.8) 13,175.4 17,246.6 19,914.0 23,455.2 24,862.3

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