untitled

56,422 2014 421,472 182,707 7% 43% 36% 14% 2% 98% 65,715 23% 4% 11% 8% 54% 43% (18%) 16% # 12% 11% 44,825 4% 8% 16% 2% 62% 8% 13% 49,884 12% 34% 31% 3% 20% 5% * 2014 EBITDA 98,873 42,242 7% 18% 37% 38% 13,202 97% 11,801 12% 4% 15% 47% 22% 13,519 11% 1% 15% 35% 8% 30% 43% (26%) 13% # 14% 12% 14% 3% 13,909-2% 47% 42% 11% 2% 4% * 27,495 7% 23% 25% 45% 5,762 5% 95% 8,633 15% 15% 9% 61% 11,021 12% 4% 37% 8% 38% 42% (28%) 9% # 14% 17% 2014 EBIT 65,713 13% 9,063 52% 47% 14% -16% 3% 1% 5% * * # r

32,841 8% 31,360 7% +5% 2,783 2,759 1% +1% 2,366 2,321 1% +2% 19,553 5% 20,093 5% -3% 10,722 11% 10,060 11% +7% 1,411 1% 1,387 1% +2% 3,691 4% 2,808 3% +31% 509 (629) -1% +181% 7,132 11% 6,573 11% +9% 812 1% 785 1% +3% 3,691 5% 2,808 4% +31% 48 (1,549) -2% +103%

70,000 60,000 50,000 40,000 30,000 20,000 10,000 0-10,000 55,824 33,458 25,897 20,005 3,565 16,440 22,366 26,587 67,156 35,148 31,112 84 32,008 31,028-690 2010 2011 2012 2013 2014 16 14 12 10 8 6 4 2 0-2 4.69 0.83 3.86 1.92 13.09 7.85 5.24 2.08 6.07 6.23 2.08-0.16 7.30 0.02 7.28 2.30 2010 2011 2012 2013 15.75 8.24 7.51 2014 2.415 120 100 80 60 40 20 0 90.6 86.3 80.7 70.0 2010 2011 2012 2013 100.1 2014 2014 12 31 % 35 140,000 140,459 30 25 20 15 10 5 0 26.0% 23.8% 21.9% 20.0% 2010 2011 2012 2013 16.8% 2014 120,000 100,000 80,000 60,000 40,000 20,000 0 2014 12 74,786 50,252 42,002 28,395 27,560 7,164 2015 2016 2017 2018 2019 2020 2024 16,477 2025 2034 231 2034

100 80 60 40 20 0 75.0 75.1 76.8 78.3 2010 2011 2012 2013 2014 * * 23.4 12.7 15.1 27.1 82.9 24.7 14.0 16.0 28.2 7% 21% 9% 15% 3% 78 23% 22% 12,000 10,000 8,000 6,000 4,000 2,000 0 8,090 2010 2011 8,844 9,742 10,581 1,693 1,864 4,710 11,435 1,781 2,027 533 512 2012 2013 2014 2,088 1,940 4,868 18.00 15.00 12.00 9.00 11,639 6.00 9,427 10,000 7,745 4.77 5,028 3.93 3.00 3.38 5,000 2.23 1.330 1.530 1.660 1.860 2.000 0 0 2010 2011 2012 2013 2014 31,782 30,000 25,000 13.03 20,000 15,000 3 4,500 4,000 312.5 287.1 3,500 3,000 2,851 2,500 2,399 2,000 1,500 1,000 500 340.1 301.5 312.0 3,127 3,149 2,915 1,862 1,870 1,265 1,279 0 2010 2011 2012 2013 2014 ( 000) 25,000 20,000 15,000 10,000 5,000 0 14,736 94.94 16,358 154.85 2010 2011 2012 2013 3 12 31 18,542 247.31 22,142 384.70 25,031 1,000 605.52 2014 800 600 400 200 3 0

32,841 8% 31,360 7% +5% 2,783 2,759 1% +1% 2,366 2,321 1% +2% 19,553 5% 20,093 5% -3% 10,722 11% 10,060 11% +7% 1,411 1% 1,387 1% +2% 3,691 4% 2,808 3% +31% 509 (629) -1% +181% 7,132 11% 6,573 11% +9% 812 1% 785 1% +3% 3,691 5% 2,808 4% +31% 48 (1,549) -2% +103%

4% 356 2,400 EBITDA6% 121 3,300 EBIT8% 79 4,400 6% 8,29020 2014 19

100 (+6%) 80 60 75.0 75.1 76.8 82.9 78.3 23.4 24.7 35% 30% 34% 30% 40 20 0 2010 12.7 14.0 15.1 16.0 27.1 28.2 2011 2012 2013 2014 19% 2013 78.3 16% 19% 2014 82.9 17% * *

(2) (+4%) 40,000 30,000 28,573 31,829 32,941 35,624 34,119 2,783 2,759 2,479 2 267 3% 8% 7% 2% 8% 7% 20,000 11,440 12,366 49% 33% 48% 35% 10,000 0 2010 16,638 1,015 994 2011 2012 2013 2014 17,002 2013 34,119 * 2014 35,624 * EBITDA (3) (4) (+6%) 12,000 10,000 9,921 11,254 11,343 12,133 11,447 1,411 1,387 1,202 1,167 2% 12% 10% 2% 12% 10% 8,000 6,000 4,000 2,000 0 2010 3,214 2,864 51% 5,852 6,009 177 297 2011 2012 2013 2014 2013 11,447 25% * 50% 2014 12,133 26% *

34% 160 6,900 EBITDA29% 99 9,800 EBIT29% 96 6,100 2014 27

(-34%) 25,000 20,000 16,159 15,000 10,000 17,226 19,970 24,264 4,150 16,069 4,443 15,233 12% 8% 17% 20% 9% 28% 5,000 0 2010 6,845 3,020 3,298 1,861 1,483 2011 2012 2013 2014 63% 2013 24,264 43% 2014 16,069

EBITDA (1) (-29%) 15,000 13,000 11,000 9,000 9,253 7,000 5,000 3,000 9,878 10,887 13,995 3,790 9,998 4,096 8,774 5,022 63% 9% 1% 27% 13% 50% -4% 41% 1,000 0-1,000 2010 1,285 1,301 146-421 2011 2012 2013 2014 2013 13,995 2014 9,998 4,000 97% 3,949 97% 95% 3,859 3,805 97% 96% 4,259 4,532 14% 3% 15% 2% 3,000 52% 53% 2,000 3,780 4,098 31% 30% 1,000 0 421 58 400 34 2010 2011 2012 2013 2014 2013 4,259 2014 4,532

21% 3% 23% 11% 3% 7% 9% 22% 15% 86% 78 78

9% 2% 2% 1% 26% 9% 2% 4% 1% 18% 14% 17% 25% 21% 15% 34% 2014 4,991(-54%) 2014 3.1 (-56%) 11% 8% 1% 24% 7% 6% 2% 18% 9% 7% 8% 15% 14% 24% 6% 2% 18% 7% 2% 11% 2014 5,980 (-46%) 2014 3.6 (-43%)

9,000 89% 9,366 93% 93% 8,504 8,504 93% 94% 8,503 8,503 6,000 3,000 0 6,016 6,016 1,216 1,216 1,271 1,271 2010 2011 2012 2013 2014

6% 1,573 9,700 EBITDA10% 155 4,900 EBIT11% 130 2,300 2014 37

(+6%) 157,397 150,000 149,147 132,223 138,519 20,408 17,962 120,000 20,843 112,466 19,713 25% 12% 13% 24% 13% 13% 90,000 60,000 60,469 64,505 9% 9% 30,000 0 2010 2011 2012 2013 13,518 37,485 2014 14,348 37,293 41% 2013 149,147 2014 157,397 41% 78,544 75,099 +5% +5% 78,853 74,048 +6% +7%

(+8%) 12,000 10,000 8,000 6,000 8,090 8,844 9,742 11,435 10,581 2,088 1,693 1,940 1,864 17% 5% 16% 18% 18% 4% 18% 17% 4,000 2,000 0 2010 2011 4,710 1,781 4,868 2,027 533 512 2012 2013 2014 44% 2013 10,581 2014 11,435 43% 1,200 1,000 800 600 400 200 0-200 786 610 958 754 2010 2011 1,145 898 1,115 839 2012 2013 255 180 141 218 45 1,287 854 2014 395 76 158 246-21 26% 17% 5% 2013 839 22% 30% 29% 18% -2% 9% 2014 854 46%

16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 9,970 11,814 2010 2011 12,779 14,158 2012 2013 3,567 1,779 5,168 1,703 1,941 15,549 2014 4,179 1,865 350 5,709 1,900 1,546 12% EBITDA (4) (+10%) 36% 14% 2013 14,158 2014 15,549 25% 13% 12% 37% 10% 2% 27% 12%

(+4%) 19% 6% 12% 21% 2% 12% 25% 25% 16% 17% 16% 6% 17% 6% 2013 1,864 2014 1,940

(+3%) 29% 39% 29% 40% 32% 2013 4,710 31% 2014 4,868

(+14%) 17% 15% 7% 48% 8% 49% 18% 19% 10% 2013 1,781 9% 2014 2,027

(-4%) 9% 5% 20% 6% 18% 68% 74% 2013 533 2014 512 (7)

317 8,200 2014 49

3% 240 9,200 8% 18 8,000 9% 34 100 2014 53

4,500 4,000 312.5 287.1 3,500 3,000 2,851 2,500 2,399 2,000 1,500 301.5 2,915 340.1 312.0 3,127 3,149 1,862 1,870 1,000 500 1,265 1,279 0 2010 2011 2012 2013 2014

3 EBITDA EBIT6% 23% 42% 2014 12 313 2,500 8 3,300 9% LBITDA LBIT2 7,800 14 6,500 2014 59

3 - EBITDA EBIT 3 ( 000) 15,598 15,000 12,671 12,000 9,000 9,213 30% 8,031 27% 6,000 21% 6,892 5,438 18% 4,856 12% 3,000 3,145 1,815 1,567 0 2010 2011 2012 2013 2014 EBITDA EBIT EBITDA 25,000 20,000 15,000 10,000 5,000 0 14,736 94.94 16,358 154.85 2010 2011 2012 2013 3 12 31 18,542 247.31 22,142 384.70 25,031 1,000 605.52 800 600 400 200 2014 3 0

VHA ( 000) 200 0-33 -200-145 -400-68 -197-249 -302-226 -454-119 -18 30 61-600 2012 2012 2013 2013 2014 2014

2014 12 311,404 5,900 16.8% 2014 75

2014 12 31 : 140,459 16% 46% 9% 8% 6% 15% : 140,459 2014 12 31 89% 6% 5% : 7,372 2014 12 31 46% 20% 3% 3% 28%

2014 12 31 246,867 2014 12 31 2014 12 31 % 30 30% 6% 6% 13% 80,000 74,786 25 20 15 10 5 0 17% 12% 3% 11% 20% 7% 0% 34% 41% 246,867 60,000 40,000 42,002 28,395 20,000 0 50,252 27,560 16,477 7,164 231 2015 2016 2017 2018 2019 2020 2024 2025 2034 2034 2015 2016 2017 2018 2019 2020 2024 2025 2034 2034

14 12 10 74-86 25-36 8 6 62-73 13-24 4 2 0 50-61 <1-12

34,892 272,161 256,234 (14,179) (110,596) (102,496) (4,436) (34,604) (33,151) (3,098) (24,165) (24,170) (2,180) (17,003) (15,850) (6,532) (50,944) (51,265) 3,164 24,678 26 (581) (4,532) 230 1,175 9,166 10,433 1,342 10,466 12,597 2,454 19,141 (504) 12,021 93,768 52,084 (1,032) (8,050) (8,391) 10,989 85,718 43,693 (552) (4,307) (4,231) 44 340 (569) 10,481 81,751 38,893 (1,871) (14,595) (7,781) 8,610 67,156 31,112 2.02 15.75 7.30 168

10,481 81,751 38,893 (42) (324) 694 (7) (55) 563 7 56 (115) 10 75 84 (32) (248) 1,226 151 1,176 382 (62) (480) 6 (1) (5) 346 (2,135) (16,653) (1,774) (466) (3,636) (152) (615) (4,799) (3,800) (674) (5,261) 589 (7) (53) (76) (3,809) (29,711) (4,479) (3,841) (29,959) (3,253) 6,640 51,792 35,640 (1,366) (10,657) (7,878) 5,274 41,135 27,762 2014 169

22,210 173,234 177,324 8,489 66,211 42,454 1,091 8,513 9,849 10,462 81,602 86,576 5,017 39,132 38,028 2,081 16,233 18,755 16,207 126,416 112,058 15,312 119,433 111,271 2,462 19,203 18,548 915 7,139 7,934 1,941 15,141 17,136 86,187 672,257 639,933 16,066 125,318 85,651 8,535 66,576 69,083 2,473 19,284 20,855 27,074 211,178 175,589 11,172 87,139 86,812 5,421 42,281 18,159 385 3,005 3,319 16,978 132,425 108,290 10,096 78,753 67,299 96,283 751,010 707,232 26,325 205,332 207,195 1,026 8,000 5,445 1,437 11,213 10,228 395 3,083 3,095 554 4,320 5,037 29,737 231,948 231,000 66,546 519,062 476,232 170

3,772 * (1) 29,425 29,425 5,082 (2) 39,638 40,244 50,917 397,155 356,940 59,771 466,218 426,609 6,775 52,844 49,623 66,546 519,062 476,232 * 32 48B49H 28,359,000,000 622 (1)(iii) 2014 171

(1) (2) * 29,425 13,760 343,180 386,365 40,244 426,609 49,623 476,232 67,156 67,156 1,961 69,117 12,634 81,751 1,017 1,017 1,017 159 1,176 (381) (381) (381) (99) (480) (234) (234) (234) (90) (324) (17) (17) (17) 12 (5) (15,626) (15,626) (15,626) (1,027) (16,653) (1,848) (1,848) (1,848) (1,788) (3,636) (8) 8 (4,584) (48) (4,632) (4,632) (222) (4,854) (4,357) 38 (4,319) (4,319) (886) (5,205) (42) 61 19 19 3 22 (25,846) (175) (26,021) (26,021) (3,938) (29,959) (25,846) 66,981 41,135 1,961 43,096 8,696 51,792 (7,248) (7,248) (7,248) (7,248) (2,814) (2,814) (2,814) (2,814) (29,843) (29,843) (29,843) (29,843) (4,182) (4,182) (1,980) (1,980) (1,980) (4) 43,805 43,805 (2,340) (2,340) (3,714) (3,714) 1 1 1 2 3 (1) 1 5 5 5 5 (3) (30) (30) (587) (617) (617) (68) (68) (68) 31 (37) (4) 39,077 39,077 39,077 (39,077) 29,425 26,923 370,232 426,580 39,638 466,218 52,844 519,062 172

(1) (2) * 29,425 18,091 320,369 367,885 23,634 391,519 47,022 438,541 31,112 31,112 1,774 32,886 6,007 38,893 309 309 309 73 382 6 6 6 6 551 551 551 143 694 318 318 318 28 346 (1,696) (1,696) (1,696) (78) (1,774) (146) (146) (146) (6) (152) (3,692) 472 (3,220) (3,220) (17) (3,237) 567 (84) 483 483 (9) 474 (59) 104 45 45 (37) 8 (4,393) 1,043 (3,350) (3,350) 97 (3,253) (4,393) 32,155 27,762 1,774 29,536 6,104 35,640 (6,523) (6,523) (6,523) (6,523) (2,558) (2,558) (2,558) (2,558) (3,532) (3,532) (1,351) (1,351) (1,351) 108 108 (11) (11) (11) 1 (10) (1) 1 5 5 5 5 (3) 17,879 17,879 17,879 (158) (158) (158) (158) (3) (110) (110) (1,692) (1,802) (1,802) 2 2 21 21 21 (30) (9) 53 (1) 52 52 (52) 29,425 13,760 343,180 386,365 40,244 426,609 49,623 476,232 * 32 48B49H28,359,000,000 622 (1) 2014 173

(1) 62211 37 32 48B 49H (2) (3) 75,000,000 587,000,000 217,000,000 1,692,000,000 2,000,000,000 15,600,000,000 1,750,000,000 17,879,000,000 (4) Temasek Holdings (Private) Limited 44,000,000,000 39,000,000,000 174

8,031 (1) 62,640 60,898 (949) (7,403) (7,695) (564) (4,401) (3,813) 6,518 50,836 49,390 (374) (2) (2,916) (4,338) 6,144 47,920 45,052 (2,730) (21,289) (23,028) (532) (5) (41) (6,828) (29) (229) (105) (1,086) (3) (8,467) (17,651) (127) (994) (30) 405 3,160 8,897 (1,692) (13,200) (14,184) 103 804 6,442 116 (4) 905 3,149 74 / 575 1,895 574 4,477 111 2 20 17 (4,395) (34,279) (41,847) 238 1,861 6,245 (313) (2,445) (147) (4,470) (34,863) (35,749) 1,674 13,057 9,303 2014 175

9,986 77,895 28,323 (5,751) (44,860) (61,822) 5,484 42,775 (69) (300) (2,340) (12) (93) (9) 17,721 (79) (2) (617) (1,802) (547) (4,265) (3,510) (254) (1,980) (1,351) (5,116) (39,905) (9,081) 3,411 26,610 (31,600) 5,085 39,667 (22,297) 10,981 85,651 107,948 16,066 125,318 85,651 16,066 125,318 85,651 1,941 15,141 17,136 18,007 140,459 102,787 31,650 246,867 223,822 1,026 8,000 5,445 14,669 114,408 126,480 (1,026) (8,000) (5,445) 13,643 106,408 121,035 176

622 11 76 87 9 32 (1) (3)(4) (2) (1) (3) 5 2014 177

(4) 5 (5) 20-25% 3 1/3-20% 3-20% 2.5-10% 15% (6) (7) 178

(8) (9) 3G LTE (10) (11) (12) 2014 179

(13) / (14) 39 180

(14) 39 (15) (16) (17) (18) (19) (20) 2014 181

(21) (22) 622 11 37 32 48B 49H (23) (24) (25) (26) 182

(26) (27) (28) 2014 183

(29) 184

(29) 2014 185

1 (iii) 16 38 (iii) 16 41 (iii) 19 (2011) (i) 27 (iii) 9 (2014) (v) 10 28 (iii) 10 12 28 (2011) (iii) 11 (iii) 15 (iv) (ii) (i) (iii) (i) (ii) (iii) (iv) (v) 2 3 15 15 18 11 15 15 15 186

(1) (2) (1)(2) (3) 2014 187

(2) 3GEBIT 3G 3G LTE 3G 188

(3) (i) (ii) 3G 3G 3G (iii) 3G LTE (4) 2014 189

(5) (6) 3G 3G 3G 3 3 33 3 190

(7) 19 (8) (24) (24) (9) 2014 191

166,066 156,188 102,296 96,475 3,471 3,273 328 298 272,161 256,234 3 Hutchison Telecommunications (Australia) HTAL Vodafone Hutchison Australia Pty LimitedVHA VHA HTALVHA (5) TOM 416,000,000 384,000,000 70,000,000 61,000,000 162,000,000 134,000,000 12,000,000 10,000,000 192

(1) 27,914 7,710 35,624 8% 26,562 7,557 34,119 8% 27,879 4,962 32,841 8% 26,488 4,872 31,360 7% # 35 2,748 2,783 74 2,685 2,759 1% 7,285 8,784 16,069 4% 6,807 17,457 24,264 6% 126,709 30,688 157,397 37% 119,637 29,510 149,147 36% 6,173 39,246 45,419 11% 5,087 37,373 42,460 10% 57,368 57,368 14% 59,481 59,481 14% 3 65,599 24 65,623 16% 61,968 8 61,976 15% 16,296 16,296 4% 12,777 12,777 3% 5,757 5,757 1% 6,295 6,295 2% 16,428 5,491 21,919 5% 17,101 5,313 22,414 6% 1,472 894 2,366 1,432 889 2,321 1% 14,956 4,597 19,553 5% 15,669 4,424 20,093 5% 272,161 149,311 421,472 100% 256,234 156,699 412,933 100% 964 964 897 897 272,161 150,275 422,436 256,234 157,596 413,830 # 964,000,000897,000,000 2014 193

(2) EBITDA (13) EBIT (14) EBITDA EBITDA (LBITDA) (13) 8,459 3,674 12,133 12% 7,822 3,625 11,447 12% 8,433 2,289 10,722 11% 7,757 2,303 10,060 11% # 26 1,385 1,411 1% 65 1,322 1,387 1% 7,639 2,359 9,998 10% 7,340 6,655 13,995 15% 12,606 2,943 15,549 16% 11,684 2,474 14,158 15% 2,465 22,018 24,483 25% 1,657 21,184 22,841 24% 14,410 14,410 14% 14,779 14,779 15% 3 15,616 (18) 15,598 16% 12,697 (26) 12,671 13% 2,699 81 2,780 3% 2,694 64 2,758 3% (15) (278) (278) 819 819 1% 2,646 1,554 4,200 4% 439 1,740 2,179 2% 2,797 894 3,691 4% 1,919 889 2,808 3% (151) 660 509 (1,480) 851 (629) -1% EBITDA 51,852 47,021 98,873 100% 45,152 50,495 95,647 100% 2,237 20,554 22,791 1,889 1,889 EBITDA 644 644 634 634 EBITDA (1) 54,089 68,219 122,308 47,041 51,129 98,170 (17,003) (16,378) (33,381) (15,850) (15,421) (31,271) 24,678 514 25,192 26 2 28 (4,798) (3,384) (8,182) (2,163) (2,163) (6,274) (6,274) (5,768) (5,768) (6,625) (6,625) (6,741) (6,741) 1,056 1,056 192 192 (326) (326) (363) (363) 56,966 36,802 93,768 31,217 20,867 52,084 # EBITDA EBITDA 644,000,000 634,000,000 EBITDA 194

(3) EBIT EBIT (LBIT) (14) 5,474 2,470 7,944 12% 4,981 2,377 7,358 12% 5,448 1,684 7,132 11% 4,916 1,657 6,573 11% # 26 786 812 1% 65 720 785 1% 7,420 2,241 9,661 15% 7,122 6,537 13,659 21% 10,680 2,343 13,023 20% 9,864 1,907 11,771 18% 2,141 16,074 18,215 28% 1,424 16,104 17,528 27% 6,324 6,324 10% 7,208 7,208 11% 3 EBITDA 15,616 (18) 15,598 12,697 (26) 12,671 (7,535) (3) (7,538) (6,941) (6,941) (1,168) (1,168) (874) (874) EBIT (LBIT) 3 6,913 (21) 6,892 10% 4,882 (26) 4,856 8% 1,378 2 1,380 2% 1,359 8 1,367 2% (15) (1,465) (1,465) -2% (409) (409) -1% 2,308 1,431 3,739 5% 79 1,180 1,259 2% 2,797 894 3,691 5% 1,919 889 2,808 4% (489) 537 48 (1,840) 291 (1,549) -2% EBIT 34,849 30,864 65,713 100% 29,302 35,295 64,597 100% 24,678 514 25,192 26 2 28 EBIT 59,527 31,378 90,905 29,328 35,297 64,625 (2,561) 17,170 14,609 1,889 (2,163) (274) EBIT 423 423 413 413 (6,274) (6,274) (5,768) (5,768) (6,625) (6,625) (6,741) (6,741) 1,056 1,056 192 192 (326) (326) (363) (363) 56,966 36,802 93,768 31,217 20,867 52,084 # EBIT EBIT 423,000,000413,000,000 EBIT 2014 195

(4) 2,985 1,204 4,189 2,841 1,248 4,089 2,985 605 3,590 2,841 646 3,487 # 599 599 602 602 219 118 337 218 118 336 1,926 600 2,526 1,820 567 2,387 324 5,944 6,268 233 5,080 5,313 8,086 8,086 7,571 7,571 3 8,703 3 8,706 7,815 7,815 1,321 79 1,400 1,335 56 1,391 1,187 1,187 1,228 1,228 338 123 461 360 560 920 338 123 461 360 560 920 17,003 16,157 33,160 15,850 15,200 31,050 221 221 221 221 17,003 16,378 33,381 15,850 15,421 31,271 # 221,000,000 196

(5) 3,943 48 3,991 7,060 11 7,071 3,943 48 3,991 7,060 11 7,071 152 152 535 535 2,449 2,449 2,264 2,264 292 13 305 406 11 417 3 (16) 11,144 38 127 11,309 10,116 6,824 60 17,000 1,174 3 40 1,217 1,239 4 23 1,266 1,906 1 1,907 1,621 1,621 229 229 319 319 229 229 319 319 21,289 41 229 21,559 23,560 6,828 105 30,493 2014 197

(6) (17) (17) 69,324 198 25,799 95,321 71,164 169 27,548 98,881 69,324 198 12,246 81,768 71,164 169 13,483 84,816 13,553 13,553 14,065 14,065 75,558 36 47,506 123,100 53,049 21 42,839 95,909 37,798 881 4,961 43,640 39,329 670 5,035 45,034 21,299 15 112,686 134,000 20,134 21 85,589 105,744 47,800 47,800 51,833 51,833 3 (18) 225,498 17,785 7 243,290 235,401 17,265 18 252,684 19,174 258 466 19,898 19,169 369 715 20,253 22,260 1 22,261 20,785 1 20,786 147,470 29 2,936 150,435 114,614 30 4,831 119,475 130,516 130,516 89,947 89,947 16,954 29 2,936 19,919 24,667 30 4,831 29,528 618,381 19,203 242,161 879,745 573,645 18,546 218,408 810,599 @ 2 3,688 3,690 2 4,921 4,923 618,383 19,203 245,849 883,435 573,645 18,548 223,329 815,522 @ HTAL 198

(7) (20) (20) (19) (19) 16,210 20,367 4,707 41,284 17,031 28,559 4,843 50,433 16,210 20,367 4,707 41,284 17,031 28,559 4,843 50,433 3,049 418 3,062 6,529 4,156 409 2,730 7,295 25,062 13,941 1,345 40,348 24,670 87 1,066 25,823 5,211 18,709 1,212 25,132 5,200 13,443 1,532 20,175 3 26,131 68,018 193 94,342 23,630 101,565 930 126,125 3,778 4,719 437 8,934 3,860 5,447 356 9,663 3,817 1,284 3 5,104 3,151 1,550 3 4,704 6,963 132,477 3,259 142,699 8,085 84,776 2,087 94,948 117,597 117,597 78,011 78,011 6,963 14,880 3,259 25,102 8,085 6,765 2,087 16,937 90,221 259,933 14,218 364,372 89,783 235,836 13,547 339,166 @ 1 1 124 124 90,222 259,933 14,218 364,373 89,907 235,836 13,547 339,290 @ HTAL (8) 58,688 7,027 65,715 16% 53,536 8,676 62,212 15% 30,510 14,315 44,825 11% 27,152 21,667 48,819 12% 128,338 54,369 182,707 43% 120,969 49,740 170,709 41% (21) 71 56,351 56,422 13% 96 59,551 59,647 14% 38,126 11,758 49,884 12% 37,380 11,752 49,132 12% 16,428 5,491 21,919 5% 17,101 5,313 22,414 6% 272,161 149,311 421,472 (i) 100% 256,234 156,699 412,933 (i) 100% (i) (1) 2014 199

(9) EBITDA EBITDA (13) 8,530 3,271 11,801 12% 8,765 4,741 13,506 14% 7,596 5,923 13,519 14% 5,320 8,871 14,191 15% 24,673 17,569 42,242 43% 21,158 15,767 36,925 39% (21) 51 13,151 13,202 13% 83 14,550 14,633 15% 8,356 5,553 13,909 14% 9,387 4,826 14,213 15% 2,646 1,554 4,200 4% 439 1,740 2,179 2% EBITDA 51,852 47,021 98,873 (ii) 100% 45,152 50,495 95,647 (ii) 100% (ii) (2) EBITDA (10) EBIT EBIT (14) 6,614 2,019 8,633 13% 6,861 3,253 10,114 16% 6,854 4,167 11,021 17% 4,693 7,879 12,572 19% 14,007 13,488 27,495 42% 11,391 12,607 23,998 37% (21) 52 5,710 5,762 9% 83 6,987 7,070 11% 5,014 4,049 9,063 14% 6,195 3,389 9,584 15% 2,308 1,431 3,739 5% 79 1,180 1,259 2% EBIT 34,849 30,864 65,713 100% 29,302 35,295 64,597 100% 24,678 514 25,192 26 2 28 EBIT 59,527 31,378 90,905 (iii) 29,328 35,297 64,625 (iii) (iii) (3) EBIT 200

(11) 1,830 3 43 1,876 2,008 4 25 2,037 911 911 1,654 1,654 13,250 38 127 13,415 12,460 6,824 60 19,344 5,069 59 5,128 7,119 20 7,139 229 229 319 319 21,289 41 229 21,559 23,560 6,828 105 30,493 (12) (17) (17) 101,174 300 45,589 147,063 77,353 417 28,724 106,494 15,635 629 66,320 82,584 14,264 495 65,724 80,483 281,208 18,058 57,787 357,053 294,553 17,424 56,252 368,229 (21) 390 44,834 45,224 329 47,701 48,030 72,506 187 28,383 101,076 72,532 182 20,097 92,811 147,470 29 2,936 150,435 114,614 30 4,831 119,475 618,383 19,203 245,849 883,435 573,645 18,548 223,329 815,522 (13) EBITDA LBITDA EBITDA (LBITDA) EBITDA (LBITDA) EBITDA EBITDA (LBITDA) EBITDA (LBITDA) EBITDA (LBITDA)EBITDA (LBITDA) EBITDA (LBITDA) 8EBITDA (LBITDA) EBITDA (LBITDA) EBITDA (LBITDA) 2014 201

(14) EBIT LBIT EBIT (LBIT) EBIT (LBIT) EBIT EBIT (LBIT) EBIT (LBIT) EBIT (LBIT)EBIT (LBIT) EBIT (LBIT)8 EBIT (LBIT) EBIT (LBIT)EBIT (LBIT) (15) EBITDA EBIT 238,000,000 717,000,000 (16) 3 1,066,000,000 150,000,000 (17) 135,318,000,00096,779,000,000 76,697,000,000 76,967,000,000 295,629,000,000 305,349,000,000 44,876,000,000 47,742,000,000 78,254,000,000 69,478,000,000 (18) 3 13,469,000,000 3,129,000,000 (19) (20) (21) 202

AGN (1) 1,748 489 2,237 (2) (652) (652) 3 (3) (3,388) (3,388) (4) (581) (177) (758) (4,621) (177) (4,798) (2,873) 312 (2,561) HTAL VHA (5) (1,732) (239) (1,971) (4,605) 73 (4,532) (6) 16,066 4,488 20,554 (1,413) (1,413) 14,653 4,488 19,141 3 (7) 569 569 (8) 1,056 264 1,320 1,625 264 1,889 HTAL VHA (5) (1,458) (201) (1,659) 167 63 230 (504) (504) 2014 203

(1) Australian Gas Networks Limited AGN Envestra Limited AGN AGN (2) 652,000,000 (3) O2 Ireland 3 (4) (5) VHA HTALVHA (6) (7) 569,000,000 Orange Austria 2,648,000,000 Orange Austria 3 2,079,000,000 389,000,000 (8) Westports Holdings Bhd 1,056,000,000 204

(1) (6) 0.05 0.05 0.12 4.59 50.35 55.06 0.08 24.01 24.09 (0.08) (0.08) 0.12 4.59 74.36 79.07 (2) 0.12 10.84 183.12 2.22 196.30 (2) 0.12 8.01 41.11 1.59 50.83 (2) 0.12 8.03 39.83 0.69 48.67 (2) 0.12 5.45 39.26 1.01 45.84 0.12 2.30 8.96 11.38 0.08 4.20 10.27 14.55 (0.08) (4.20) (4.28) 0.12 2.30 19.23 21.65 (4) 0.12 0.12 (4) 0.12 0.12 0.08 0.08 0.20 0.20 (3) (5) (6) (8) 0.15 0.15 (3) 0.12 0.12 (3) (5) (6) (7) 0.16 0.16 (3) 0.12 0.12 (3) (5) 0.25 0.25 (3) (5) (6) 0.31 0.31 2.20 39.22 396.91 5.51 443.84 (1) 50,000 50,000 (2) (3) 1,100,000 1,100,000 (4) (5) (6) (7) (8) (9) 2014 205

(1) (6) 0.05 0.05 0.12 4.59 47.95 52.66 0.08 22.87 22.95 (0.08) (0.08) 0.12 4.59 70.82 75.53 (2) 0.12 10.85 175.00 2.22 188.19 (2) 0.12 8.01 39.16 1.59 48.88 (2) 0.12 7.99 37.88 0.69 46.68 (2) 0.12 5.44 37.39 1.01 43.96 0.12 2.30 8.54 10.96 0.08 4.20 9.78 14.06 (0.08) (4.20) (4.28) 0.12 2.30 18.32 20.74 (4) (9) 0.11 0.11 (4) 0.12 0.12 0.08 0.08 0.20 0.20 (3) 0.12 0.12 (3) (5) (6) 0.31 0.31 (3) 0.12 0.12 (3) (5) 0.25 0.25 (3) (5) (6) 0.31 0.31 2.19 39.18 378.57 5.51 425.45 2,760,000190,000 4,800,000 72,420,000 206

1,363 1,306 101 73 23 28 3,740 3,374 2,014 2,652 7,241 7,433 176 186 3 5 7,420 7,624 309 274 (1) 338 422 86 244 8,153 8,564 (2) (103) (173) 8,050 8,391 (1) (2) 2014 207

522 316 838 601 378 979 3,785 (656) 3,129 3,630 191 3,821 4,307 (340) 3,967 4,231 569 4,800 9,785 5,537 2,200 1,216 (21) (5,272) (1,034) 1,362 1,066 (2,500) (1,747) (188) (56) 9 669 (7) (1,351) (745) (78) (78) 3,967 4,800 208

1,980 1,351 0.66 0.60 2,814 2,558 1.755 1.70 7,482 7,248 10,296 9,806 7.00 29,843 40,139 9,806 67,156,000,00031,112,000,000 4,263,370,780 4,263,370,780 2014 209

1,176 (61) 1,115 (480) (480) (324) 75 (249) (5) 8 3 (16,653) (16,653) (3,636) (3,636) (4,854) (4,854) (5,205) (5,205) (29,981) 22 (29,959) 382 (64) 318 6 6 694 84 778 346 (12) 334 (1,774) (1,774) (152) (152) (3,237) (3,237) 474 474 (3,261) 8 (3,253) 210

47,970 137,877 106,315 292,162 3,078 2,207 17,320 22,605 527 822 1,047 2,396 (688) (1,174) (3,198) (5,060) (5) (5) (443) 8 193 (242) 1,566 6,264 (5,591) 2,239 (27) 160 1,435 1,568 51,983 146,164 117,516 315,663 2,218 2,689 16,277 21,184 1 660 67 728 (342) (662) (3,317) (4,321) (4) (4) (8) (1) (552) (15) (567) (253) (14) (267) 890 7,693 (8,036) 547 (1,763) (10,783) (7,429) (19,975) 52,730 145,209 115,045 312,984 11,803 49,831 62,940 124,574 146 42 518 706 1,291 7,227 5,328 13,846 (46) (976) (2,987) (4,009) (4) (4) (2) 426 426 (5) 3 6 4 28 746 369 1,143 72 633 948 1,653 13,289 57,932 67,118 138,339 2 2 1,414 7,173 6,117 14,704 (106) (638) (3,113) (3,857) (1) (3) (4) (1) 140 (163) 219 196 (124) (106) (230) (10) (892) 923 21 (504) (3,477) (5,440) (9,421) 14,098 59,935 65,717 139,750 38,632 85,274 49,328 173,234 38,694 88,232 50,398 177,324 36,167 88,046 43,375 167,588 2014 211

(1) 3 (3) (4) (2) 3 (7) 3,527,000,000 4,102,000,000 3149,644,000,000153,058,000,000 84,404,000,000 87,820,000,000 3G (2) 42,454 43,652 105 423 (21) (98) (1,032) (573) 24,678 26 (1,040) 27 64 66,211 42,454 30,345 17,303 35,079 23,347 725 708 62 1,096 66,211 42,454 212

2,955 2,975 4,407 5,874 1,204 126 (1) 304 65,120 65,424 787 787 304 65,907 66,211 268 40,382 40,650 1,804 1,804 268 42,186 42,454 2014 213

(1) 42,186 43,414 105 423 (21) (98) (1,032) (573) 24,678 (4) (1,040) (9) 64 65,907 42,186 40,493 4.5% 5% 22.7 112.7 14,296 4.75% 6.75% 13.5 79.6 1,529 2% 2.5% 14.5 45 8,802 5.5% 5.75% 6.6 18 787 6% 7.5% 49.6 151 214

(1) 27,979 4.75% 6% 17.9 112.2 7,527 6% 9.75% 10.5 69.7 937 2.75% 3.75% 24.8 50.5 3,939 8% 11.5% 2.7 17 1,804 6% 8.5% 63.5 281.6 9,849 9,495 532 (444) (454) (2) 217 (526) (56) (364) 115 8,513 9,849 1,005 1,040 7,508 8,809 8,513 9,849 2014 215

86,576 78,655 41 6,828 2,206 440 (894) (774) (6,327) 1,427 81,602 86,576 109,084 114,999 (27,482) (28,423) 81,602 86,576 3,195,000,000 3,192,000,000 3,367,000,000 3,366,000,000 (25) (2) 38,028 26,492 5,783 11,380 (1) (323) (409) (161) (3,947) 317 39,132 38,028 645,000,000645,000,000 Kruidvat 600,000,000 600,000,000The Perfume Shop 140,000,000 140,000,000 Superdrug 78,000,000 78,000,000 3 970,000,000 970,000,0003275,000,000275,000,0003547,000,000 3,754,000,000 3,754,000,000 864,000,000 892,000,000 (25) (2) (1) (2) 216

2,129 16,626 18,755 229 229 28 1,398 1,426 (1) (1,970) (1,970) (22) (22) (13) (948) (961) (183) (1,041) (1,224) 1,961 14,272 16,233 2,045 23,110 25,155 (84) (8,838) (8,922) 1,961 14,272 16,233 1,954 13,374 15,328 105 105 132 4,376 4,508 (2) (622) (622) (43) (43) 22 22 (13) (763) (776) 56 177 233 2,129 16,626 18,755 2,202 25,404 27,606 (73) (8,778) (8,851) 2,129 16,626 18,755 (1) 3 (3) (2) 3 (7) The Perfume Shop 6,492,000,000 8,293,000,000 4,517,000,000 5,018,000,000 2,813,000,000 3,315,000,000 2014 217

3,744 3,744 9,512 9,512 34,617 34,617 73,292 56,951 121,165 104,824 5,251 7,234 126,416 112,058 144,274,000,000151,663,000,000 61,474,000,00081,864,000,000 62,386,000,000 51,145,000,000 * 4,028 3,159 1,979 9,166 (1,413) 20,554 19,141 (3,753) (728) (373) (4,854) (1,138) 22,985 1,606 23,453 * 4,623 4,340 1,470 10,433 (504) (504) (3,197) 206 (246) (3,237) 922 4,546 1,224 6,692 218

2,874 2,132 3,092 2,057 * 168,878 2,131 175,008 11,578 EBITDA 42,419 72,306 43,481 20,121 EBIT 18,611 67,287 21,207 15,115 (11,046) (1,870) (9,481) 530 (3,352) 59,322 2,636 11,844 31,135 62,100 35,747 10,494 235,059 73,222 240,667 93,605 39,197 2,700 30,265 4,952 84,689 10,486 93,638 30,848 138,736 122,136 150,395 68,299 34% 39% 34% 39% 47,129 47,474 51,104 26,548 671 729 4,546 4,546 47,800 52,020 51,833 31,094 * 269 274 2014 219

73,499 66,769 16,411 20,559 89,910 87,328 29,523 23,943 119,433 111,271 (1) 10,466 12,597 (5,205) 474 5,261 13,071 1,562 2,123 (1) VHA HTALVHA (5) 269 274 220

19,203 18,548 11,213 10,228 7,990 8,320 8,320 9,091 (170) (271) 492 1 (13) (27) 22 8 916 (107) (306) (104) 176 140 (132) (65) (314) (433) (1,001) 87 7,990 8,320 20,669 19,987 (5,717) (5,558) (3,698) (3,920) (11) (307) (398) (302) (2,855) (1,580) 7,990 8,320 2014 221

32,134,000,0001,586,000,000 19,203,000,00018,548,000,000 17,785,000,000 17,265,000,000 3 (6) 22,525,000,000 22,977,000,000 94,257,000,000 96,430,000,000 67,210,000,000 73,534,000,000 4,406 2,577 2,763 3,193 2,473 2,484 9,455 5,350 7,950 9,292 27,047 22,896 222

383 392 3,610 4,020 3,993 4,412 1,798 929 (1) 1,262 1,813 738 (1) 14 42 72 7,139 7,934 4,576 4,522 / 2,806 3,725 4,817 2,130 2,641 6,422 14,840 16,799 36 301 301 15,141 17,136 2014 223

4,566 4,488 10 34 4,576 4,522 / 103,000,000 78,000,000 25,000,000 15,141,000,000 17,100,000,000 32% 13% 36% 83% 35% 83% 32% 17% 52% 100% 17% 100% 100% 100% 100% 100% 224

/ Aaa / AAA 16% 24% Aa1 / AA+ 50% 31% Aa2 / AA 4% Aa3 / AA 2% 1% A2 / A 1% 1% 3% 11% 28% 28% 100% 100% 46% 26% 20% 32% 3% 11% 3% 3% 28% 28% 100% 100% 3 3.1 1.63% 1.90% 31,011 24,149 94,307 61,502 125,318 85,651 2014 225

(1) 22,550 24,991 (2) (4,297) (4,296) 18,253 20,695 47,167 48,231 (1) 327 76 (1) 829 81 66,576 69,083 30 45 (1) 31 11,298 13,571 31 60 1,767 2,091 61 90 930 870 90 8,555 8,459 22,550 24,991 226

(2) 22,550,000,000 24,991,000,000 15,307,000,000 13,956,000,000 4,297,000,000 4,296,000,000 6,759 5,632 31 1,207 1,108 31 60 507 420 61 90 457 471 90 6,377 6,325 15,307 13,956 4,296 4,307 1,886 1,365 (858) (1,123) (127) (30) (900) (223) 4,297 4,296 3,344 6,293 31 1,426 2,077 31 60 331 602 61 90 421 400 90 1,721 1,663 7,243 11,035 2014 227

(1) 21,760 22,309 63,473 61,901 824 928 1,057 1,181 (1) 24 1 493 87,139 86,812 (1) 31 13,146 15,176 31 60 3,401 3,221 61 90 1,877 1,607 90 3,336 2,305 21,760 22,309 648 741 450 1,839 14 46 112 172 292 292 19 38 57 (177) (80) (257) (6) (96) (83) (185) 9 9 13 31 507 1,030 412 1,949 39 47 97 183 16 30 46 (36) (16) (46) (98) (7) (100) (107) (27) (138) (33) (198) 492 953 330 1,775 228

824 928 951 1,021 1,775 1,949 14,995 45,867 60,862 7,646 57,886 65,532 261 339 600 295 429 724 26,746 158,659 185,405 10,206 147,360 157,566 42,002 204,865 246,867 18,147 205,675 223,822 (48) (760) (808) (64) (686) (750) (1) 327 1,227 1,554 76 2,206 2,282 42,281 205,332 247,613 18,159 207,195 225,354 2014 229

14,995 44,395 59,390 7,646 56,871 64,517 1,472 1,472 1,015 1,015 14,995 45,867 60,862 7,646 57,886 65,532 239 24 263 268 78 346 22 315 337 27 351 378 261 339 600 295 429 724 260,000,000 260 260 260 260 1,309,000,000 10,206 10,206 2,189,000,000 17,077 17,077 17,077 17,077 300,000,000 2,340 2,340 500,000,000 3,900 3,900 3,900 3,900 1,000,000,000 7,800 7,800 7,800 7,800 1,000,000,000 7,800 7,800 7,800 7,800 2,000,000,000 15,600 15,600 1,000,000,000 7,800 7,800 7,800 7,800 1,500,000,000 11,700 11,700 11,700 11,700 1,500,000,000 1,488,000,000 11,700 11,700 11,544 11,544 500,000,000 3,900 3,900 3,900 3,900 1,500,000,000 11,700 11,700 329,000,000 2,565 2,565 2,565 2,565 25,000,000 196 196 196 196 1,144,000,000 8,926 8,926 8,926 8,926 603,000,000 5,727 5,727 6,378 6,378 669,000,000 6,357 6,357 7,079 7,079 1,750,000,000 16,625 16,625 18,515 18,515 1,250,000,000 11,875 11,875 13,225 13,225 1,500,000,000 14,250 14,250 750,000,000 7,125 7,125 7,935 7,935 325,000,000 3,942 3,942 4,124 4,124 113,000,000 1,371 1,371 1,435 1,435 303,000,000 3,675 3,675 3,845 3,845 3,000,000,000 199 199 226 226 15,000,000,000 995 995 1,130 1,130 26,746 158,659 185,405 10,206 147,360 157,566 42,002 204,865 246,867 18,147 205,675 223,822 230

14,995 14,995 7,646 7,646 5,359 5,359 39,423 39,423 39,036 39,036 17,448 17,448 1,472 1,472 1,015 1,015 14,995 45,867 60,862 7,646 57,886 65,532 261 261 295 295 54 54 71 71 89 89 131 131 196 196 227 227 261 339 600 295 429 724 26,746 26,746 10,206 10,206 22,982 22,982 27,579 27,579 70,385 70,385 59,754 59,754 65,292 65,292 60,027 60,027 26,746 158,659 185,405 10,206 147,360 157,566 42,002 204,865 246,867 18,147 205,675 223,822 1,751,000,0001,940,000,000 63,417,000,00064,789,000,000 183,450,000,000 159,033,000,000 2014 231

41% 31% 34% 33% 13% 22% 6% 7% 6% 7% 100% 100% 64,793,000,000 62,708,000,000 5,995,000,000 6,540,000,000 16,968,000,000 28,593,000,000 232

(1) 1,262 1,262 1,813 1,813 327 327 76 738 814 327 1,262 1,589 76 2,551 2,627 (35) (35) (345) (345) (35) (35) (345) (345) 327 1,227 1,554 76 2,206 2,282 14 14 42 42 829 72 901 81 81 829 86 915 81 42 123 (24) (80) (104) (163) (163) (1) (1) (493) (253) (746) (25) (80) (105) (493) (416) (909) 804 6 810 (412) (374) (786) 8,000 5,445 2014 233

3,083 3,095 3,083 3,095 (1) Towers Watson 0.7%-3.8% 1.5%-4.7% 0.5%-4.0% 0.5%-4.0% 5.0%-6.0% 5.0%-6.0% 18,883 17,391 15,801 14,300 3,082 3,091 1 4 3,083 3,095 234

(1) 17,391 (14,300) 4 3,095 563 31 594 (95) (95) 635 (501) 134 1,103 (470) 633 (40) (40) 2,083 2,083 14 14 (1,730) (1,730) (3) (3) (925) 752 (173) 1,132 (978) (3) 151 (677) (677) 104 (104) (728) 728 (119) (119) 18,883 (15,801) 1 3,083 2014 235

(1) 16,325 (13,038) 329 3,616 554 19 573 (4) (4) 430 (351) 79 980 (332) 648 19 19 (106) (106) 81 81 (335) (335) (325) (325) 534 (517) 17 528 (852) (325) (649) (549) (549) 110 (110) (581) 581 57 57 (28) (28) 17,391 (14,300) 4 3,095 236

(1) 24,000,000 19,000,000 1,000,000 2,000,000 (i)(ii) Towers Watson Limited Lloyd Cleaver 3,750,000 4,000,000 3,700,000 Aon Hewitt Limited David Lindsay 2014 237

(1) (i) 9% 10% 3% 4% 8% 8% 4% 4% 4% 10% 10% 11% 38% 47% 1% 1% 8% 8% 3% 3% 6% 6% 18% 18% 32% 28% 3% 3% 9% 4% 100% 100% Aaa / AAA 50% 44% Aa1 / AA+ 4% 5% Aa2 / AA 6% 6% Aa3 / AA- 2% 1% A1 / A+ 3% 1% A2 / A 12% 12% 18% 18% 5% 13% 100% 100% 15,801,000,00014,300,000,000 75,000,000 97,000,000 238

(1) (ii) 682,000,000 639,000,000 19 (1) (2) 19 (2) 1,221,000,000 1,134,000,000 1,000,000 2,000,000 2,000,000 2014 239

(1) 35 345 (1) 80 163 253 3,254 3,255 951 1,021 4,320 5,037 (1) (i) (i) 5,500,000,000 (ii) 1,375 (i) 402,717,856 (ii) 403 4,263,370,780 4,263,370,780 1,066 1,066 (iii) 28,359 4,263,370,780 4,263,370,780 29,425 1,066 (iii) 27,955 (iii) 404 (iii) / 29,425 29,425 1,778 (i) (ii) (iii) 622 622 622 135 62211 37 32 48B 49H 240

(2) 2,000,000,000 15,600,000,000 1,000,000,000 7,800,000,000 1,750,000,000 17,879,000,000 75,000,000 587,000,000 217,000,000 1,692,000,000 (3) 519,062,000,000476,232,000,000 106,408,000,000 121,035,000,000 (i) A1 16.8% 20.0% A2 A1 15.7% 18.2% B1 18.0% 20.9% B2 B1 16.9% 19.0% (i) 2014 241

(1) 6,789 6,971 13,760 1,017 1,017 (381) (381) (17) (17) (15,626) (15,626) (417) (1,431) (1,848) (8) (8) (4,488) (96) (4,584) (3,884) (473) (4,357) (42) (42) (24,415) (1,431) (25,846) 1 1 (1) (1) (68) (68) 1,210 37,867 39,077 (16,416) 43,339 26,923 242

(1) 12,064 6,027 18,091 309 309 6 6 318 318 (1,696) (1,696) (146) (146) (4,044) 352 (3,692) 610 (43) 567 (59) (59) (5,276) 883 (4,393) (11) (11) (1) (1) 21 21 1 52 53 6,789 6,971 13,760 (1) 2,848,000,000 3,883,000,000 3,690,000,000 842,000,000440,000,0001,125,000,000 41,333,000,0003,528,000,000 3,462,000,000 2014 243

(1) 81,751 38,893 (9,166) (10,433) (10,466) (12,597) (19,141) 504 42,978 16,367 4,307 4,231 (340) 569 8,050 8,391 (24,678) (26) 17,003 15,850 6,769 1,659 EBITDA (i) 54,089 47,041 82 (295) (4,109) 14,011 14,906 55 4,928 (ii) (2,844) (1,672) (iii) (2,814) (111) (1,320) 438 1,153 62,640 60,898 244

(1) (i) EBITDA EBITDA 54,089 47,041 EBITDA 9,166 10,433 10,466 12,597 19,141 (504) 16,378 15,421 (514) (2) 6,274 5,768 6,625 6,741 (1,056) (192) 326 363 1,413 504 68,219 51,129 EBITDA (2) (13) 122,308 98,170 (ii) 2,237,000,000607,000,000 1,672,000,000 (iii) 2014 245

(2) 191 (1,100) 448 (6,484) (390) 4,726 (3,165) (1,480) (2,916) (4,338) (3) O2 Ireland O2 Ireland 3 O2 Ireland O2 Ireland 660 66 726 1,690 2,206 2,206 440 1,392 34 1,426 4,508 139 285 6 1,802 165 1,967 989 33 25 58 980 (2,339) (126) (2,465) (1,844) (38) (38) (307) (164) (6) (170) (556) (57) (967) (967) (59) (59) (2) 2,623 61 2,684 6,271 5,702 81 5,783 11,380 8,325 142 8,467 17,651 8,667 222 8,889 19,169 (342) (80) (422) (1,518) 8,325 142 8,467 17,651 246

(3) O2 Ireland 195,000,000200,000,000 3 Orange Austria (4) 4 1 1,032 573 2 409 161 854 3,671 20 18 26 (106) (31) (492) (1) (1,787) (1,697) (124) 1,056 1,477 * 2,844 1,672 3,900 3,149 (2,995) 905 3,149 3,823 3,161 (2,918) (12) 905 3,149 * (1) (ii) 2014 247

1,922,000,000 2,299,000,000 25,285,000,000 24,610,000,000 1,784 1,973 1,239 868 20,869 19,998 22,108 20,866 3,694,000,0004,131,000,000 248

(1) (i) 648,000,000 1,111,000,000 (ii) 3 1,815,000,000 630,000,000 (iii) 16,990,000,000 17,102,000,000 (iv) 131,000,000 3,000,000 (v) 174,000,000 387,000,000 (2) (i) 3,838,000,000 3,713,000,000 (ii) 3 8,986,000,000 10,265,000,000 (iii) 2,156,000,000 2,646,000,000 (iv) 550,000,000 1,522,000,000 (v) 109,000,000 175,000,000 (vi) 3,530,000,000 401,000,000 (vii) 5,446,000,000 4,870,000,000 (1) 11,749,000,000 11,953,000,000 (2) 21,839,000,000 22,228,000,000 (3) 37,537,000,000 38,894,000,000 (1) 1,604,000,000 1,612,000,000 (2) 4,397,000,000 4,782,000,000 (3) 984,000,000 2,069,000,000 2014 249

21,550,000,000 20,451,000,000 200,000,000 97,000,000 103,000,000 78,000,000 25,000,000 50,705,000,00038,221,000,000 4,417,000,000 4,105,000,000 4,600,000,000 Telefónica, S.A. Telefónica, S.A.O2 UK 9,250,000,000 Hutchison 3G UK Limited O2 UK 1,000,000,000 O2 UK 7.8 1 168 274 250

20,554,000,000 1,413,000,000 504,000,000 27,069 9,055 1,238 874 28,307 9,929 512 528 75 84 4,020 3,731 (445) (408) 3,650 3,407 (75) (106) 3,575 3,301 484 564 54 35 14,704 13,846 444 454 894 774 961 776 17,003 15,850 1,012 933 19,311 18,262 2,254 2,323 (1) 210 193 13 12 33 44 34 30 (1) 69,000,000 2014 251

(1) 140,459,000,000 102,787,000,000 13,853,000,000 7 29,843,000,000 42,030,000,000 8,325,000,000 O2 Ireland 4,705,000,000 AGN 300,000,000 2,340,000,000 / / / Aaa / AAA Aa1 / AA+ (2) 252

(2) 64,793,000,000 62,708,000,000 5,995,000,000 6,540,000,000 (3) 23,998,000,000 5,130,000,000 16,968,000,000 28,593,000,000 (4) 2014 253

(5) / / (6) 7 (1) (2) 7 / (i) 7 7 7 254

(6) (i) 100 201,000,000 399,000,000 201,000,000 399,000,000 76,000,000 (ii) 7 7 2014 255

(6) (ii) 1,071 1,072 115 112 250 (2,039) 242 (2,203) 79 (487) 133 (255) 19 47 13 35 992 991 986 986 (199) (111) (227) (205) (iii) 7 7 30,000,000 30,000,000 30,000,000 30,000,000 1,484,000,000 1,680,000,000 256

(7) 21,760 21,760 21,760 63,473 63,473 63,473 1,057 1,057 1,057 14,995 44,395 1,472 60,862 (196) 60,666 261 143 196 600 (1) 599 26,746 93,367 65,292 185,405 943 186,348 7,767 233 8,000 8,000 1,013 1,739 984 3,736 (482) 3,254 (122) 140 18 17 35 129,183 147,551 68,177 344,911 281 345,192 13,461,000,000 22,643,000,000 17,210,000,000 15 41 56 1,349 1,349 (1,356) (1,356) 2014 257

(7) 22,309 22,309 22,309 61,901 61,901 61,901 1,181 1,181 1,181 7,646 56,871 1,015 65,532 (176) 65,356 295 202 227 724 (2) 722 10,206 87,333 60,027 157,566 1,710 159,276 5,212 233 5,445 5,445 915 2,208 814 3,937 (682) 3,255 (144) (35) 510 331 14 345 104,309 151,791 62,826 318,926 864 319,790 8,243,000,000 21,129,000,000 17,743,000,000 (229) (501) (402) (1,132) 20,824 5,992 26,816 (21,092) (6,218) (27,310) (8) 7 (128) (605) (2,247) 605 2,247 207 298 258

(9) * 18,253 18,253 20,695 20,695 47,167 47,167 48,231 48,231 383 383 392 392 3,610 3,610 4,020 4,020 36 36 69,413 69,413 73,374 73,374 # 1,798 1,798 929 929 4,576 4,576 4,522 4,522 / 2,806 2,806 3,725 3,725 4,817 4,817 2,130 2,130 2,641 2,641 6,422 6,422 # 301 301 301 301 16,939 16,939 18,029 18,029 # 1,262 1,262 1,813 1,813 327 327 814 814 # 14 14 42 42 901 901 81 81 2,504 2,504 2,750 2,750 88,856 88,856 94,153 94,153 2014 259

(9) * 21,760 21,760 22,309 22,309 63,473 63,473 61,901 61,901 1,057 1,057 1,181 1,181 247,613 262,912 225,354 236,743 8,000 8,000 5,445 5,445 3,254 3,254 3,255 3,255 345,157 360,456 319,445 330,834 # 35 35 345 345 # 104 104 163 163 1 1 746 746 140 140 1,254 1,254 345,297 360,596 320,699 332,088 * (10)(ii) # (10)(i) 260

(10) (i) 1,798 1,798 4,576 4,576 / 737 2,069 2,806 4,817 4,817 2,641 2,641 301 301 12,771 2,370 1,798 16,939 1,262 1,262 327 327 14 14 901 901 2,504 2,504 (35) (35) (104) (104) (1) (1) (140) (140) 2014 261

(10) (i) 929 929 4,522 4,522 / 1,416 2,309 3,725 2,130 2,130 5,100 1,322 6,422 301 301 13,168 2,610 2,251 18,029 1,813 1,813 814 814 42 42 81 81 2,750 2,750 (345) (345) (163) (163) (746) (746) (1,254) (1,254) 262

(10) (i) 2,251 2,159 (500) 79 23 79 105 31 (56) (100) (25) 3 1,798 2,251 (500) 79 2014 263

(10) (ii) (i) 199,308 63,604 262,912 170,667 66,076 236,743 264

(11) (1) (2) 242 (98) 144 (105) 39 302 (172) 130 130 1,262 1,262 (17) 1,245 327 327 327 14 14 14 901 901 (1) 900 3,048 (270) 2,778 (123) 2,655 (290) 270 (20) (20) (798) (798) 105 (693) (35) (35) 17 (18) (104) (104) (104) (1) (1) 1 (1,228) 270 (958) 123 (835) 2014 265

(11) 918 (314) 604 (148) 456 1,813 1,813 (345) 1,468 814 814 814 42 42 42 81 81 (74) 7 3,668 (314) 3,354 (567) 2,787 (1,247) 314 (933) 129 (804) (632) (632) 19 (613) (345) (345) 345 (163) (163) (163) (746) (746) 74 (672) (3,133) 314 (2,819) 567 (2,252) 266

(1) 39,931 39,931 (2) 39,704 69,533 909 72 72 40,541 69,461 80,472 109,392 * (1) 29,425 29,425 (3) 51,047 79,967 80,472 109,392 * 32 48B 49H 28,359,000,000 622 (1)(iii) 2014 267

(1) 269 274 (2) (3) 79,036 79,036 10,007 10,007 5 5 (6,523) (6,523) (2,558) (2,558) 79,967 79,967 10,980 10,980 5 5 (7,248) (7,248) (2,814) (2,814) (29,843) (29,843) 51,047 51,047 (4) (5) 247,613,000,000225,354,000,000 193,371,000,000179,993,000,000 3,000,000,000 1,750,000,000 41,279,000,000 3,000,000,000 1,750,000,000 41,279,000,000 (6) 1,784,000,000 1,973,000,00019,531,000,00019,998,000,0008,099,000,000 9,983,000,000 (7) 10,980,000,00010,007,000,000 (8) 51,047,000,000 79,967,000,000 268

/ **/ # Alexandria International Container Terminals Company S.A.E. 30,000,000 40 Amsterdam Port Holdings B.V. 170,704 56 Brisbane Container Terminals Pty Limited 34,100,000 80 Buenos Aires Container Terminal Services S.A. 31,628,668 80 ECT Delta Terminal B.V. 18,000 71 ECT Home Terminal B.V. 18,000 75 Ensenada Cruiseport Village, S.A. de C.V. 145,695,000 80 Ensenada International Terminal, S.A. de C.V. 160,195,000 80 Europe Container Terminals B.V. 45,000,000 75 Euromax Terminal Rotterdam B.V. 18,000 75 Freeport Container Port Limited 2,000 41 Gdynia Container Terminal S.A. 11,379,300 79 Harwich International Port Limited 16,812,002 80 76,000,000 50 300,000,000 27 359,300,000 40 685,300,000 64 Hutchison Ajman International Terminals Limited - F.Z.E. 60,000,000 80 / 26,000,000 80 Hutchison Korea Terminals Limited 4,107,500,000 80 Hutchison Laemchabang Terminal Limited 1,000,000,000 64 # / 8,797,780,935 28 Hutchison Port Investments Limited 74,870,807 80 Hutchison Ports Investments S.à r.l. 12,750 80 Internacional de Contenedores Asociados de Veracruz, S.A. de C.V. 138,623,200 80 International Ports Services Co. Ltd. 2,000,000 41 14,461,665 40 Karachi International Container Terminal Limited 1,109,384,220 80 Korea International Terminals Limited 45,005,000,000 71 L.C. Terminal Portuaria de Contenedores, S.A. de C.V. 67,000,000 80 2014 269

/ **/ Maritime Transport Services Limited 13,921,323 64 42,800,000 40 700,000,000 39 Oman International Container Terminal L.L.C. 4,000,000 52 Panama Ports Company, S. A. 10,000,000 72 100,002 80 PT Jakarta International Container Terminal 221,450,406,000 41 / 1 40 Saigon International Terminals Vietnam Limited 80,084,000 56 + 4,000,000,000 40 88,000,000 56 South Asia Pakistan Terminals Limited 5,763,773,300 72 Sydney International Container Terminals Pty Ltd 49,000,001 80 Taranto Container Terminal S.p.A. 1,280,000 40 Talleres Navales del Golfo, S.A. de C.V. 143,700,000 80 + Tanzania International Container Terminal Services Limited 1,801,666,000 56 Terminal Catalunya, S.A. 2,342,800 80 Thai Laemchabang Terminal Co., Ltd. 800,000,000 70 Thamesport (London) Limited 2 64 # + Westports Holdings Berhad 341,000,000 19 555,515,000 39 1,148,700,000 39 105,750,000 40 52,000,000 40 Aberdeen Commercial Investments Limited 2 100 Consolidated Hotels Limited 78,000,000 39 Elbe Office Investments Limited 2 100 Foxton Investments Limited 10,000 100 Glenfuir Investments Limited 1,000,000 100 # 2 50 Hongville Limited 2 100 270

/ **/ 470,000,000 50 50,000 100 Hutchison Hotel Hong Kong Limited 2 100 Hutchison Lucaya Limited 5,000 100 2 100 + 81,579,000 50 + 34,870,000 50 + 679,000,000 50 + 1,650,000,000 50 + 250,000,000 50 + 3,300,000,000 48 + 285,000,000 50 + 48,550,000 50 # + 372,000,000 25 + 100,000,000 50 + 47,500,000 40 + 144,400,000 50 + 147,300,000 50 + 59,600,000 50 + 15,000,000 50 Hybonia Limited 20 100 + 120,000,000 45 + 2 43 4 50 Matrica Limited 20 70 Omaha Investments Limited 10,000 100 Palliser Investments Limited 100,000 100 # 110 39 + 1,040,640,000 40 Rhine Office Investments Limited 2 100 Richmond Investments Limited 10,000 100 2014 271

/ **/ + 74,700,000 50 40,000,000 30 + 30,000,000 50 + 620,000,000 40 + 250,000,000 50 + 232,000,000 50 # The Kowloon Hotel Limited / 5 50 Tremayne Investments Limited 2,000,000 100 Turbo Top Limited 2 100 Vember Lord Limited 2 100 A.S. Watson (Europe) Retail Holdings B.V. 18,001 75 100,000,000 75 + Dirk Rossmann GmbH 12,000,000 30 71,600,000 71 100,000,000 75 Rossman Supermarkety Drogeryjne Polska Sp. z o.o. 350,000 53 Superdrug Stores plc 22,000,000 75 55,930,000 75 Australian Gas Network Limited 879,082,753 35 + AVR-Afvalverwerking B.V. 1 27 + / 2,495,845,400 78 + Enviro Waste Services Limited 84,768,736 78 # + 6,939,096,660 34 + Northern Gas Networks Holdings Limited 571,670,980 37 + Northumbrian Water Group Limited 51,862,385 31 # + 6,610,008,417 30 + UK Power Networks Holdings Limited 10,000,000 31 + Wales & West Gas Networks (Holdings) Limited 290,272,506 23 272

/ **/ 3 Italia S. p. A. 3,047,756,290 97 Hi3G Access AB 10,000,000 60 Hi3G Denmark ApS 64,375,000 60 Hutchison Drei Austria GmbH 34,882,960 100 Hutchison 3G Ireland Holdings Limited 2 100 Hutchison 3G UK Limited 1 100 20 65 Hutchison Telecommunications (Australia) Limited 4,204,487,847 88 / 1,204,724,052 65 Hutchison Telecommunications (Vietnam) S.à r.l. / 20,000 100 2,730,684,340 49 PT. Hutchison 3 Indonesia 651,156,000,000 65 + Vodafone Hutchison Australia Pty Limited 6,046,889,713 44 727,966,525 100 Hutchison Whampoa Europe Investments S.à r.l. 1,764,026,975 100 65,000,000 50 / 53,076,676 69 100,000 80 15,000,000 100 Marionnaud Parfumeries SAS 76,575,832 100 1,000,000 50 # TOM / 389,327,056 24 2014 273

Westports Holdings Berhad Hutchison Telecommunications (Australia) Limited (AIM) ** # + 274

10 8286 100% 503,715 C 2 8887 100% 1,263,363 C 29 2317 100% 258,751 C 28 126 100% 12,271 R 23 399 100% 342,868 I 302 304 100% 345,026 C 665 8885 39% 343,081 H 1 2 6 A B 100% 100% 862,988 510,932 11077 50% 461,310 H 1 100% 80,402 C 10750 A H 100% 1,713,990 C J L 9172 39% 666,638 H 19 21 10737 50% 329,486 H 11086 43% 168,282 C 4 6 4 100% 28% 4,705,141 737,394 C/W C/W 16 22 258 100% 687,200 I 99 9 139 28% 100% 59,713 300,268 140 70% 211,108 H 140 70% 213,235 H 140 70% 60,859 C 61 100% 280,900 C/W 461 49% 602,784 H 6 1 B SS2 100% 255,138 I 97 100% 142,394 I 201 78% 1,645,301 I 10 50% 898,800 H C H C C 2014 275

2,882,120 2,742,028 9,910,215 1,710,298 5,989,357 8,736,146 1C 2A 2B 2C 50% 50% 50% 50% 21,732 49,251 195,645 2,338,253 C R R R 2017 (5%) 2018 (5%) 50% 861,112 R 2020 (1%) 1A 2 3 4A 4B 4A 4B 1 2A 2B 1 1 3 4 5 1 2 3A 3B 1A 1B 2A 2B 3A 3B 4A 4B 5A 5B 6A 6B 6B 6C 6C 7A 8B 6C 7A 7B 8A 8B 1A 1B 2 1B 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 156,635 779,457 1,231,799 110,847 32,293 2,411,081 123,344 34,864 919,050 1,476,247 1,390,438 R R R/C R/C C R C R/C R R R/C 50% 1,072,326 R 50% 50% 50% 50% 50% 50% 1,642,529 1,593,223 43,546 479,015 7,226,301 1,378,210 R R C C R C 2015 (40%) 2016 (40%) 2015 (50%) 2015 (50%) 50% 1,789,147 R 50% 11,730 C 50% 1,511,515 C 50% 556,972 H 1A, 1B 2A 48% 185,342 R/C 2B 48% 402,946 R 11,209,095 1B 1C 2B 2C 2A 8A 1 11A 11B 13 14 2 7 8B 9 10 12 15 18 50% 50% 48% 48% 48% 48% 48% 48% 445,971 16,281 25,833 2,109,541 386,941 202,264 4,263,495 28,480,569 R R/C C R R/C C R/C R/C 2017 (10%) 2018 (1%) 2015 (80%) 2017 (2%) 2018 (2%) 2018 (2%) 2015 (1%) 2015 (50%) 2016 (1%) 2017 (1%) 2017 (1%) 2023 (1%) 276

1,425,905 3,437,548 1,538,161 4,840,181 22,740,585 3,458,021 2,427,765 805,764 35,194,412 G 19 G 18 5B 5A 6A 6B 2 3A 3B 4A 4B 1A 1B 1A 2 3 1 2A 2B 2C(1) 2C(2) 3 1 2(1) 2(2) 3 1A 1B 2A 2B 1B D1a D1b D1c G1a E1 E2 C G1a H D2a D2b G1b1 G2a1 D2c F G1b2 G1b3 G2a2 G2a3 G2b 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 30% 30% 30% 40% 40% 40% 40% 50% 50% 50% 50% 50% 49.9% 49.9% 49.9% 49.9% 49.9% 49.9% 49.9% 49.9% 787,648 2,176,439 618,332 977,351 2,674,022 3,390,629 2,045,141 176,455 828,422 1,041,601 446,149 16,146 2,440,521 1,136,776 1,070,604 2,353,575 22,346 755,435 599,504 668,230 235,073 973,767 258,409 523,954 4,338 942,378 9,321 48,072 465,248 681,129 795,119 1,183,932 11,722,027 50% 14,257,654 G 50% 102,953 C 1 3 50% 74,056 R 1A 1B 3 50% 24,348 R/C 4B 1 2 1 40% 40% 611,928 4,273 C R 50% 102,537 R/C R R R/C R R/C R C R R/C R R C R C C C R R R R R R R R C R C C R R R R/C R/C 2015 (75%) 2016 (25%) 2016 (30%) 2017 (1%) 2018 (1%) 2019 (1%) 2019 (1%) 2015 (82%) 2016 (10%) 2015 (95%) 2017 (1%) 2015 (99%) 2017 (1%) 2015 (75%) 2016 (30%) 2015 (45%) 2015 (80%) 2016 (50%) 2015 (50%) 2016 (20%) 2016 (20%) 2016 (10%) 2016 (20%) 2015 (20%) 2016 (10%) 2027 (1%) 2014 277

G/M H 160,420 861,672 2,152,780 1,128,143 14,351,863 1,286,318 3,329,597 / 2 4 551,984 156,378 1,903,638 25% 484,376 C 2015 (55%) 1 2 50% 2,527,966 R/C 2019 (1%) 1 2 50% 50% 1,202,801 1,354,314 R/C R 2017 (1%) 2018 (1%) 50% 669,988 R/C 2016 (1%) 1 4 (A B) 3 2 5 6 1A 1B 1C 1B 1C 2A 2B 2C 1 2 4 3 5 6 7 8 45% 45% 45% 50% 50% 50% 50% 50% 50% 45% 45% 45% 45% 45% 45% 1,798,583 2,593,562 270,884 471,825 575,696 1,085,324 946,093 210,047 577,386 666,523 249,284 2,733,934 2,430,456 865,095 337,765 R R C/H R R R R C C R/C R R/C R/C R/C C 2019 (1%) 2022 (1%) 2016 (1%) 30% 1,099,361 C 2015 (80%) 2015 (90%) 2015 (60%) 2015 (50%) 2015 (90%) 2015 (60%) 2016 (40%) 2015 (90%) 2017 (2%) 2 3 4A 5 50% 108,506 R 25% 2,351,449 C 2015 (38.7%) 2 4 1A 1B 2 43% 246,802 R 30% 624,037 C 2017 (27%) 1A 1B 2 3 4 4 4 5 5 30.6% 30.6% 30.6% 30.6% 30.6% 30.6% 30.6% 30.6% 30.6% 146,185 1,112,019 1,499,594 2,540,065 464,936 413,334 382,528 1,136,667 54,680 C C C/H C/H C R C R C 2015 (95%) 2018 (20%) 2018 (1%) 2017 (2%) 2018 (2%) 2018 (10%) 2018 (1%) 2018 (1%) 278

2,277,864 / 2,835,394 1,555,190 797,508 1,192,616 379,654 8,481,361 5,190,066 1 2A 3 4 5A 5B 1A 1B 2A 1 2 1 2 2 1A 1B 2A 1B 2A 2B 1 1 1 2 9 2A 2B 3A 3B 4A 4B 50% 50% 50% 50% 50% 43% 43% 43% 50% 50% 50% 50% 50% 40% 40% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 1,484,514 779,845 839,465 10,634 436,950 78,330 387,289 962,847 388,297 420,352 818,056 343,777 519,810 1,915,838 5,686 187,378 4,476,035 650,246 908,699 879,325 1,255,060 961,830 15,422,688 261,498 200,833 3,086,807 R R R C C R R R R R R R R C R C R C C R C R R/C/H R/C R R/C 2015 (90%) 2016 (30%) 2017 (10%) 2015 (95%) 2016 (60%) 2015 (25%) 2016 (1%) 2015 (96%) 2015 (73%) 2015 (55%) 2015 (85%) 2015 (65%) 2015 (60%) 2015 (60%) 2016 (60%) 2015 (10%) 2015 (10%) 2024 (1%) 2016 (30%) Albion Riverside 45% 79,242* C Chelsea Waterfront / 95% 836,076* R/C 2018 (5%) 383,410 Convoys Wharf 1,737,293 Convoys Wharf 100% 3,148,811* R/C 2024 (1%) Marina Boulevard / Central Boulevard Upper Serangoon Road 108,687 Grand Lucayan Land Parcel 662 2 17% 53,699 R 9779T Mukim No 22 894 50% 50% 100% 100% 299,150 26,910 1,027,494 320 4 4 28% 70 CT 6 6 28% 71 CT R C H G 2019 (0%) 2019 (0%) 2014 279

7 7 28% 85 CT 8 8 14% 74 CT 8 8 11% 71 CT 9 139 28% 47 CT 9 479 28% 360,000 CT 393 40% 7,000,000 CT 1 2 16% 13,947,657 CT 14% 24,341,000 CT 3 14% 2,425,843 CT 1 2 22% 3,591,699 D/W 1 27% 5,597,417 CT 2 64% 6,458,558 CT 2015 (96%) 40% 1,659,592 CT 40% 2,242,392 CT 40% 6,072,998 CT 2015 (94%) 1 40% 7,532,875 CT 2017 (15%) 2 56% 4,582,505 CT 40% 4,256,425 CT 40% 1,337,675 CT 1 39% 2,751,137 CT 2 39% 5,016,444 CT 3 5 5 40% 17,534,372 CT 39% 8,198,101 CT A2 70% 42 CT A3 C1 C2 D1 D2 D3 64% 356 CT 2021 (49%) 280

56% 3,631,171 CT Lot No. 105 (Map Street No. 08) 1 2 41% 246 CT 2016 (93%) 3 36% 76 CT 19% 63,184,154 CT 1 2 28 30 80% 1,466,286 CT 3 26 27 80% 1,366,082 CT, 72% 5,166,720 CT 2015 (25%) East of Keamari Groyne, 1A 1B 80% 6,718,338 CT 2 2 71% 5,737,351 CT 2C1 2C1 52% 74 CT 80% 2,134,454 CT 11 80% 34 CT 12 80% 30 CT 2018 (1%) 80% 42 D/W 2015 (85%) (A) 80% 13 D/W 2018 (1%) (B) 80% 12 D/W 2016 (1%) 3 80% 119 CT 80% 80% 479 250 64% 240 CT Bathside Bay Land 80% 80% 185 250 P CT 2021 (25%) Molo Polisettoriale Molo Polisettoriale S.S. 106 40% 252 CT 56% 136 CT Euromax 75% 71% 75% 75% 75% 161 672 207 16 5 37% 58 CT CT CT CT CT CT CT CT 2014 281