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2007 2007 2006 16 2006/07 200617Astrid Awards Key Media International Limited 2007 2007 2007 5

2007 2006 15,047.1 12,543.9 2,005.4 1,656.6 8,438.4 1,980.6 39,782.0 25,587.6 18,198.5 14,853.4 17,196.5 14,466.3 16,970.7 13,958.7 1 1.01 0.89 2 9.04 7.64 3 46% 13% 3 15% 13% 4 12% 11% 5 9% 9% 1. 2. 3. 4. 5. 160 140 120 100 80 60 40 20 0 420 390 360 330 300 270 240 210 180 150 120 90 60 30 0 2003 2004 2005 2006 2007 2003 2004 2005 2006 2007 6

100 90 80 70 60 50 40 30 20 10 0 87 69 46 23 20 84* 03 2 03 6 04 6 05 6 06 6 07 6 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 93% 70% 47% 46%* 17% 13% 03 2 03 6 04 6 05 6 06 6 07 6 * * 42% 58% 50% 50% 2,400 2,100 1,800 1,500 1,200 900 600 300 0 2,291.1 1,937.6 1,114.7 1,150.4 1,140.7 822.9 2006 2007 600 400 469.1 487.8 566.4 402.8 600 400 392.0 404.2 339.0 200 87.4 70.4 102.2 79.0 200 163.0 65.8 202.1 255.9 141.6 0 2006 2007 0 2006 2007 2007 7

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9 2007 2006 9 50 22% 2010 18 18 3%20-30% 300 1,000 35-45% 2010 2007 2006 11 500 42,000 2007 2007 2010 2007 10 10

602000 32001 3 Centennial Success Limited Cheng Yu Tung Family (Holdings) Limited 2001 382003 12 612003 1 1995 1997 Renaissance Hotel Group N.V. 25 632000 32003 1 1995 2005 5 452003 1 672003 1 352001 612004 6 Mapletree Investments Pte Ltd 512003 10 1998 5 2003 1 () 16 332005 12 19 2003 3 NWS Transport Services Limited 10

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14 2007 6 30 49 53 A.5.4 42,000 14 10 11 12

2007 6 30 5/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 6/6 2003 14 2007 13

2005 7 (a) (b) (c) (d) (e) 2/2 2/2 2/2 2/2 2/2 2007 6 30 (i) (ii) 2007 6 30 (iii) (iv) 2007 6 30 13 14

(a) (b) (c) (d) (e) (f) : (a) (b) (c) (d) (a) 2007 15

(b) (c) (d) 3/3 3/3 2/3 3/3 (e) (f) (i) 2006 6 30 (ii) 2007 6 30 (iii) 2008 6 30 (iv) (v) (vi) (vii) 2007 6 30 2000 65 2,180 2006 1,8101,960 2007 2006 19.6 17.4 3.4 3.0 23.0 20.4 16

2007 17 2007 6 30 2007 269 DBS www.nwsh.com.hk 2004

20042007 6 30 20042007 6 30 35 2.0 30 25 20 15 10 1.5 1.0 5 0 2004 2005 2006 2007 0.5 2004 2005 2006 2007 20042007 6 30 2003 7 12007 6 30 450 400 350 25 20 300 250 15 200 150 10 100 50 5 0 2004 2005 2006 2007 0 2007 6 30 1,129,925,041 56.10% 0.60% 59,831,893 2.97% 0.12% 47,017,086 2.33% 0.96% 17,128,199 0.85% 94.73% 760,343,216 37.75% 3.59% 2,014,245,435 100.00% 100.00% 2007 6 30 836 18

0659 1,000 2004 0.15 0.25 0.40 46.8% 2005 0.18 0.62 0.80 50.2% 2006 0.24 0.20 0.44 51.3% 2007 0.25 0.30 0.55 55.1% 28 26 2980 1333 2810 8185 2005 www.nwsh.com.hk 2007 2007 11 26 50% 2007 2007 2007 2007 2007 10 10 2007 11 20 2007 11 21 26 2007 11 26 2008 1 16 2007 19

睱 20073,500 121 13,000 22

2007 Key Media International Limited2007 5,000 2007 2007 23

500 17 181,300 2002 2007 2006 11 500 2007 30 2007 24

25 2007 2007 2007 1,000 10,000 2001 30,000 2007

200720.05 2006 16.57 3.488 21%2006 19.38 18% 2007 22.91 11.50 2006 11.15 3% 39% 2006 8.2292007 11.41 1,300 5,8002007 3,2302006 570 11% 38% 51% 2006 19.38 11% 200744% 2006 38% 45% 11% 200651% 11% 45% 44% 2007 1.012006 0.8913% 2007 22.91 2007 2006 6 30 1,150.4 1,114.7 1,140.7 822.9 2,291.1 1,937.6 152.5 (13.0) (30.0) 58.0 39.6 19.2 2.5 32.3 5.7 78.2 74.3 (208.0) (227.6) (252.4) (298.0) (285.7) (281.0) 26 2,005.4 1,656.6

2007 6 30 32.472006 6 3025.48 2007 6 40% 200619.81 2007 84.38 2007 6 56.44 2006 6 30 13%2007 6 3046% 2007 7 15% 2007 6 3039% 61% 2006 6 30 23% 77% 2007 6 30 2006 6 30 45.28116.86 2006 6 30 27.92 2007 6 3039.389.501 2009 2007 22007 6 30 6.296 2007 2007 6 30 2007 6 30 16.65 2006 6 3012.14 2007 6 3014.512006 6 30 9.281 2007 6 302.1382006 6 30 2.863 2007 6 30 10.552006 6 30 13.03 2007 6 3011.07 2006 6 3011.41 2007 6 30 1,19010.41 5,5002006 6 30 1,190 10.745,500 2007 6 30 7,060 2006 6 306,500 6 30 140 120 100 80 60 40 20 0 2006 2007 2006 2007 2006 2007 2006 2007 2007 27

2007

30

6 30 2007 2006 566.4 469.1 21 402.8 487.8 (17) 102.2 87.4 17 79.0 70.4 12 1,150.4 1,114.7 3 1,200 1,000 800 600 400 200 0 1,114.7 1,150.4 2006 2007 2007 9,730 21% 5.664 2007 11% 20062% 20071% 2007 11% 3,970 2007 2.029 28% 2006 13% 40.8% 20082009 2007 1% 2007 1% 2005 2007 9% 19% 6,990 2006 31 2007 31

17% 8,5002007 4.028 2007 24%2006 2006 12 9.45% 13.5 302008 2007 5% 16% 14%12% 2006 1 1 2007 10% 35% 60 2007 6 32

1.022 1,48017% 10% 2006 4 19% 47% 7,0402007 7,900 2007 8% 79.4 1% 113.6 2005 11 2007198.8 2006 8 55% 2008 2007 33

34 200620107.5% 8.5% 2006 2007 10.7% 11.5% 2007 11.3% 2007 3 2008 1 1 25% 25% 60% 8.5 2010 3,000 2006 3 15% 2005 52006 7

2006 14.0%2007 15.6% 200620.3% 101 622 200795 20072009 2008 2010 2007 24% 10 20062010 40 2006 2007 2006 8 2006 12 2008 200724% 5,250 200714.4% 220 2007 6 2007 6 15 200721% 336 367 450 252007 11 2007 35

38

6 30 2007 2006 404.2 392.0 3 255.9 163.0 57 141.6 65.8 115 339.0 202.1 68 1,140.7 822.9 39 1,200 1,000 800 600 400 200 0 822.9 1,140.7 2006 2007 11.41 3.178 39% 2007 6 8 61.29% 820091.94 8.34 2007 98% 20074.042 20063% 2007 1,300 400 2006 2007 39

20072.559 2006 1.630 57% 2007 6 30 308 2007 2007 6 3051 2007 16 59% 40

Tricor Holdings Limited Tricor 2007 6 8 61.3% Tricor2007 31% Tricor 2007 2007 41

2007 1.014 2006 18% 5% 14% 2007 2.8 2007 8 13.4 42

2007 6.9% 2007 2007 43

45 65 66 67 68 69 71 72 44

2007 6 30 (i) (ii) 5 2007 6 30 66 141 2007 11 262007 6 300.302006 0.20 2007 60.252006 0.242007 6 30 0.5520060.44 0.30 2007 11 26 2007 11 21 2007 11 26 2007 11 20 2826 43 44 45 2007 45

30 2007 6 30 10.284 2006 9.760 970 2006 230 14 15 29 Financial Concepts Investment Limited21.6255,000 Financial Concepts Investment Limited 2003 2007 6 30 30% 46

87 2007 4 26 Wellington Equities Inc. Grand Partners Group LimitedNWS Financial Management Services LimitedNWSFMNWSFM 246,986,7632.43 2007 47

Tamman Developments Limited East Asia Secretaries (BVI) Limited East Asia Secretaries (BVI) Limited 48

2007 6 30 352 XV (a) 2007 6 30 9,179,199 587,000 (1) 8,000,000 (2) 17,766,199 0.88% 2,006,566 9,130,000 (3) 11,136,566 0.55% 828,991 10,254,321 (4) 11,083,312 0.55% 3,021,981 3,021,981 0.15% 979,111 5,008 (5) 984,119 0.05% 980,386 980,386 0.05% 167,516 (6) 167,516 0.01% 557,248 557,248 0.03% 608,757 608,757 0.03% 711,002 711,002 0.04% (1) (2) (3) (4) 50% (5) (6) (7) 2007 49

(b) 2007 6 30 1.00 300,000 (1) 300,000 0.01% 141,844 141,844 0.00% 400,000 400,000 0.01% 62,200 62,200 0.00% 30,000 30,000 0.00% 0.10 12,500,000 52,271,200 (2) 64,771,200 1.69% 8,750,000 66,160,000 (3) 74,910,000 1.96% 1,250,000 1,250,000 0.03% 400,000 400,000 0.01% 100,000 100,000 0.00% 3,000,000 (4) 3,000,000 30.00% HH Holdings Corporation 1.00 15,000 15,000 2.50% Master Services Limited 0.01 16,335 16,335 1.63% 44,915 44,915 4.49% 50

(b) 2007 6 30 1.00 3,710 (2) 3,710 34.61% New World Hotel Management (BVI) Limited 1.00 55 (5) 55 5.50% 1.00 250 (3) 250 25.00% 229,500,000 (4) 229,500,000 30.00% 0.10 300,000 300,000 0.04% (1) (2) (3) (4) (5) (6) 2007 51

(c) 2006 2007 7 1 6 30 2003 7 21 (1) 607,248 (607,248) (2) 3.711 (1) 2004 1 212004 7 21 2005 7 21 2008 7 20 (2) 50,000250,000307,2482007 1 192007 4 162007 6 6 21.06 (3) 10 (4) (d) (i) 2007 6 30 2007 3 19 (1) 36,500,000 17.756 (1) 2007 3 19 2012 3 18 (2) (3) 10 (4) 52

(d) (ii) 2006 2007 7 1 6 30 2005 1 28 (1) 780,000 (780,000) 1.26 2005 1 28 (1) 300,000 (300,000) 1.26 2005 1 28 (1) 482,000 (482,000) 1.26 2005 1 28 (1) 78,000 (78,000) 1.26 (1) 2005 1 28 2010 12 31 (2) 1 (3) XV 352 (a) 2001 12 62003 3 122006 11 24 2007 53

(a) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 71,805,125 108,109,514 5.37% 12 1% 10 54

(a) 1014 2001 12 6 10 2007 6 30 (1) (2) 2006 2007 7 1 6 30 2003 7 21 (1) 1,941,689 (454,678) (6,844) 1,480,167 3.711 (1) 2004 1 21 2004 7 21 2005 7 21 2008 7 20 (2) 17.361 2007 55

(b) 2002 8 23 10% 10% 10% 30% 57,936,169 9.42% 56

(b) 121% 12 0.1% 500 10 30 1 (i) (ii) (iii) 10 2012 8 22 2007 57

(b) 2007 6 30 2006 2007 7 1 6 30 () 2003 9 5 (1) 10,528,000 (8,828,000) (400,000) 1,300,000 1.20 2.08 2006 2 10 (2) 30,450,000 (27,850,000) (600,000) 2,000,000 0.94 2.16 (1) 2004 3 5 2009 3 4 (2) 2006 8 10 2014 8 9 2007 6 30336 5% Cheng Yu Tung Family (Holdings) Limited 1,189,756,934 (1) 1,189,756,934 59.07% Centennial Success Limited 1,189,756,934 (2) 1,189,756,934 59.07% 59,831,893 1,129,925,041 (3) 1,189,756,934 59.07% 742,803,985 387,121,056 (4) 1,129,925,041 56.10% Mombasa Limited 339,150,282 339,150,282 16.84% (1) Cheng Yu Tung Family (Holdings) LimitedCentennial Success LimitedCSL51% CSL (2) CSL (3) (4) Mombasa Limited Mombasa Limited Financial Concepts Investment Limited 1,986,513 Hing Loong Limited 14,669,037 Fine Reputation Incorporated14,669,037 New World Hotels Corporation Limited13,493,674 3,152,513 (5) 2007 6 30 336 58

25% (1) 2004 5 20 Merryhill Group LimitedNWS Transport Services Limited, NWST NWSTNWSTNWST NWST NWST NWSTNWST NWST NWST NWST NWST NWST NWST NWSTNWST NWST 2007 6 30 NWST 1,558.2 15,500.0 27,000.0 128.7 900.0 462.5 900.0 850.6 5,500.0 23,204.4 35,000.0 245.8 1,300.0 3,421.7 6,600.0 NWSTNWST 2007 5 18NWST NWST 2007 59

(2) 2005 5 30(a) (b) 2005 7 12008 6 30 14A.45 14A.48 54% 2005 6 30 2007 6 30 1,454.4 4,083.0 13.3 18.0 34.0 37.0 61.1 78.0 2.7 10.0 25.8 55.0 (a) 22.2 40.0 (b) 2.0 60

(3) 2006 11 22 816 A B C D A 9 52006 11 12016 3 31 B 9 42006 12 12016 3 31 C 9 32007 1 12016 3 31 D 82008 4 12016 3 31 14A.35(2) 2007 6 302016 6 30 800 10% 250 (4) 2007 4 26 NWSFMNWSFM 246,986,763 41%2.43600,177,834.09 Grand Partners Group Limited Grand Partners Group Limited 2007 6 5 2007 6 8 2007 61

(5) 2007 6 27 3% 1,218,900 10,970,100 180210 (1) (3) (a) (b) (c) (d) (e) 14A.38 4400 (1) (3) (a) (b) (c) 62

13.20 13.22 13.20 13.22 (a) 2007 6 30 19.6314.07(1) 5.0% 2007 9 2830.97 14.07(1) 11.8%20.97 10 (b) 2007 6 3027.9319 20 2410.52 3714.51 14.07(1)13.5% 2.486 6101.0500.6 4,140 1.798 2009 13.22007 6 30 35,532.1 14,989.4 10,204.0 4,141.1 (10,898.9) (4,556.6) (13,294.5) (5,502.3) 21,542.7 9,071.6 2007 6 30 2007 63

2007 6 3042,00023,000 22.49200621.90 142 143 2007 6 30 2007 10 10 64

www.pwchk.com 66 141 2007 6 30 1981 90 2007 6 30 2007 10 10 2007 65

2007 2006 5 15,047.1 12,543.9 (13,750.8) (11,444.6) 1,296.3 1,099.3 6 291.5 355.1 (755.8) (774.7) 6 (14.4) (30.0) 6 817.6 649.7 8 (221.1) (253.8) 542.6 476.6 1,034.8 909.4 2,173.9 1,781.9 9 (136.0) (104.7) 2,037.9 1,677.2 10 2,005.4 1,656.6 32.5 20.6 2,037.9 1,677.2 11 1,104.4 849.4 12 1.01 0.89 1.01 0.85 66

6 30 2007 2006 14 1,103.3 1,043.6 15 1,957.1 1,944.2 16 99.1 107.0 17 499.0 329.9 19 4,103.8 3,635.6 20 10,787.5 9,401.1 21 623.3 474.2 22 229.2 287.8 19,402.3 17,223.4 23 151.1 122.8 24 14,692.1 5,692.6 25 246.9 1.1 26 2,042.4 27 126.4 126.4 27 3,120.8 2,421.3 20,379.7 8,364.2 39,782.0 25,587.6 29 2,014.2 1,943.8 30 14,577.9 12,131.7 30 604.4 390.8 17,196.5 14,466.3 1,002.0 387.1 18,198.5 14,853.4 31 3,937.9 3,311.6 32 683.8 775.7 4,621.7 4,087.3 33 9,030.3 5,333.6 183.8 96.6 31 7,747.7 1,216.7 16,961.8 6,646.9 21,583.5 10,734.2 39,782.0 25,587.6 3,417.9 1,717.3 22,820.2 18,940.7 2007 67

6 30 2007 2006 15 5.4 9.6 18 7,893.3 7,893.3 7,898.7 7,902.9 24 9,532.1 7,604.0 27 19.7 231.0 9,551.8 7,835.0 17,450.5 15,737.9 29 2,014.2 1,943.8 30 10,054.0 9,181.4 30 604.4 390.8 12,672.6 11,516.0 31 1,448.6 32 110.2 1,558.8 33 4,178.4 1,588.6 31 599.5 1,074.5 4,777.9 2,663.1 4,777.9 4,221.9 17,450.5 15,737.9 4,773.9 5,171.9 12,672.6 13,074.8 68

2006 7 1 1,943.8 12,522.5 14,466.3 387.1 14,853.4 964.0 964.0 4.0 968.0 (789.9) (789.9) (789.9) (5.8) (5.8) (5.8) 400.6 400.6 20.6 421.2 568.9 568.9 24.6 593.5 2,005.4 2,005.4 32.5 2,037.9 2,574.3 2,574.3 57.1 2,631.4 (894.4) (894.4) (894.4) (8.8) (8.8) 26.4 26.4 26.4 489.2 489.2 489.2 43.0 43.0 43.0 519.1 519.1 519.1 (31.3) (31.3) (31.3) 1.0 1.0 1.0 2.9 2.9 2.9 568.4 568.4 4.4 4.4 (6.2) (6.2) 2007 6 30 2,014.2 15,182.3 17,196.5 1,002.0 18,198.5 2007 69

2005 7 1 1,825.1 11,199.8 13,024.9 362.2 13,387.1 31.4 31.4 31.4 121.8 121.8 9.2 131.0 153.2 153.2 9.2 162.4 1,656.6 1,656.6 20.6 1,677.2 1,809.8 1,809.8 29.8 1,839.6 (1,593.9) (1,593.9) (1,593.9) (0.7) (0.7) 79.3 79.3 79.3 838.2 838.2 838.2 26.8 26.8 26.8 322.0 322.0 322.0 (89.2) (89.2) (89.2) 1.7 1.7 1.7 12.6 12.6 12.6 34.1 34.1 34.1 0.6 0.6 (4.8) (4.8) 2006 6 30 1,943.8 12,522.5 14,466.3 387.1 14,853.4 70

6 30 2007 2006 38(a) 697.7 754.1 (206.2) (218.4) 115.5 76.6 (56.9) (81.2) (20.3) (18.4) 529.8 512.7 615.8 153.1 760.9 786.7 214.6 48.1 38(c) 97.2 39 (177.4) (715.1) (250.0) (946.4) (395.7) (116.5) (120.5) 8.0 137.9 24.6 (167.6) (126.4) 8.4 2.5 73.3 71.3 (249.8) 236.6 3,000.8 1,580.9 (2,303.4) (2,296.4) (425.7) 3.9 46.7 (184.0) (20.9) (25.8) 4.4 0.6 (378.8) (676.4) (8.8) (0.7) 297.2 (1,980.8) 577.2 (1,231.5) 2,421.3 3,649.9 42.3 2.9 3,040.8 2,421.3 27 3,120.8 2,421.3 (80.0) 3,040.8 2,421.3 2007 71

1 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda (a) (b) 2007 10 10 2 (a) 4 (i) 2006 6 3021 2007 6 302006 1 1 72

2 (a) (ii) 2007 1 1 2008 6 30 1 7 10 11 2 2009 6 30 12 13 14 19 2010 6 30 23 8 (b) 2007 73

2 (b) (c) (d) 74

2 (d) (i) (ii) (iii) (e) (f) (i) 2007 75

2 (f) (ii) (g) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 76

2 (g) (ix) (x) (xi) (xii) (h) (i) 2(k) (ii) (i) 2007 77

2 (j) (k) 2.5%-3% 2.25%-15% 4%-50% 78

2 (l) (m) (i) (ii) 122(n) (iii) 12 2007 79

2 (m) (n) 80

2 (o) 2(g)(i) (p) (q) (r) 2007 81

2 (s) (t) (u) (i) (ii) (iii) (a) (b) (c) 82

2 (u) (v) 10% 10% 2007 83

2 (v) (w) 32 12 84

2 (x) (y) 3 (a) (b) 2007 85

3 (c) (d) (e) (f) 86

4 (a) (b) (c) 2007 87

4 (d) 5 2007 2006 17.9 16.3 239.7 239.2 890.6 858.0 2,467.9 2,629.4 11,205.0 8,619.9 148.0 15.0 78.0 166.1 15,047.1 12,543.9 88

5 (a) 2007 17.9 239.7 890.6 2,467.9 11,205.0 148.0 78.0 15,047.1 0.4 107.2 725.5 13.2 5.7 (852.0) 17.9 239.7 891.0 2,575.1 11,930.5 161.2 83.7 (852.0) 15,047.1 1.1 130.2 13.5 229.7 247.4 137.3 60.4 10.9 830.5 58.0 58.0 7.0 16.2 23.2 (14.4) (14.4) (79.7) 817.6 (221.1) 25.6 (14.9) 272.0 0.2 103.3 107.5 48.9 542.6 53.0 493.8 144.2 214.4 0.2 33.8 95.4 1,034.8 2,173.9 (136.0) 2,037.9 67.1 1,647.4 1,341.5 714.9 5,521.4 11,076.5 128.7 20,497.5 300.5 422.9 1,656.2 1.2 870.5 364.4 488.1 4,103.8 589.0 3,988.0 1,774.4 2,043.9 10.1 1,019.6 3.0 1,359.5 10,787.5 4,393.2 39,782.0 4.1 677.2 0.4 305.6 460.9 4,770.8 3,005.1 15.6 9,239.7 12,343.8 21,583.5 0.4 1.2 27.6 36.8 42.9 1.2 6.4 116.5 1.2 89.0 23.8 34.2 39.5 2.5 11.0 201.2 0.2 4.2 0.4 4.8 2007 89

5 (a) 2006 16.3 239.2 858.0 2,629.4 8,619.9 15.0 166.1 12,543.9 0.1 158.7 494.8 12.7 5.4 (671.7) 16.3 239.2 858.1 2,788.1 9,114.7 27.7 171.5 (671.7) 12,543.9 6.5 107.7 12.5 241.8 142.2 88.0 10.2 (3.5) 605.4 65.7 65.7 68.7 68.7 3.0 3.0 22.7 22.7 (30.0) (30.0) 48.0 (133.8) 649.7 (253.8) 11.7 (11.9) 368.5 0.3 51.0 57.0 476.6 54.8 420.7 123.2 188.1 (0.1) 37.6 85.1 909.4 1,781.9 (104.7) 1,677.2 139.9 1,872.5 1,237.8 671.7 4,860.0 61.3 107.4 8,950.6 292.5 413.2 1,527.9 0.8 774.5 626.7 3,635.6 409.6 3,699.9 1,451.3 1,818.1 9.2 760.8 1,252.2 9,401.1 3,600.3 25,587.6 3.4 627.8 0.4 287.9 465.2 4,016.4 82.4 98.7 5,582.2 5,152.0 10,734.2 0.1 1.1 42.8 23.2 42.0 0.3 11.0 120.5 1.5 88.8 19.3 39.5 39.3 0.7 9.3 198.4 0.2 2.3 0.5 3.0 90

5 (b) 2007 8,313.1 519.2 105.5 16,842.8 1,622.6 168.0 10.7 2,223.2 5,108.8 142.8 0.3 1,425.6 2.6 0.5 5.9 15,047.1 830.5 116.5 20,497.5 2006 8,955.0 365.5 98.8 5,629.9 1,427.3 137.2 17.4 2,694.8 2,159.4 97.3 4.3 613.2 2.2 5.4 12.7 12,543.9 605.4 120.5 8,950.6 2007 91

6 2007 2006 43.2 42.2 (10.6) (12.5) 32.6 29.7 23.2 17.6 65.7 68.7 22.7 18.4 5.4 9.1 0.2 7.6 115.5 76.6 35.9 44.8 12.2 14.2 23.2 3.0 48.0 58.0 11.6 5.8 291.5 355.1 21.8 18.1 802.5 827.3 25.7 31.1 0.7 7.2 201.2 198.4 4.8 3.0 66.6 57.8 2.8 2.8 7 1,966.3 1,916.5 14.4 30.0 92

7 2007 2006 2,197.0 2,131.9 1.7 1.7 2.2 35(a) 86.9 84.3 35(b)(ii) (0.3) 0.1 2,285.3 2,220.2 (319.0) (303.7) 1,966.3 1,916.5 8 2007 2006 199.4 207.6 5.8 13.4 4.3 23.9 11.6 8.9 221.1 253.8 9 17.5% 2006 17.5% 3% 33%2006 3% 33% 2007 3 16 25%2008 1 1 2007 6 30 2007 93

9 2007 2006 85.3 58.4 38.9 30.3 34 11.8 16.0 136.0 104.7 1.178 2006 6,400 1.8682006 1.390 2007 2006 2,173.9 1,781.9 (542.6) (476.6) (1,034.8) (909.4) 596.5 395.9 104.9 70.6 (9.5) (14.0) (46.8) (57.2) 75.1 41.2 37.6 74.7 (30.1) (15.8) 4.8 5.2 136.0 104.7 17.6% 2006 17.8% 10 9.6942006 11.877 94

11 2007 2006 0.25 2006 0.24 500.0 455.0 0.30 20060.20 604.4 394.4 1,104.4 849.4 2007 10 100.302008 6 30 12 2007 2006 2,005.4 1,656.6 3.5 19.7 2,008.9 1,676.3 2007 2006 1,978,273,528 1,869,586,707 1,735,910 1,800,667 15,962,978 89,225,798 1,995,972,416 1,960,613,172 13 2007 2006 2.5 2.4 31.9 25.2 10.6 38.4 1.8 1.5 46.8 67.5 2007 95

13 2007 2006 0.25 4.16 0.10 4.51 10.23 0.15 2.88 0.18 3.21 8.93 0.15 5.27 0.39 5.81 11.00 0.15 4.77 0.19 5.11 4.85 0.15 4.00 0.22 4.37 7.83 0.15 3.95 0.29 4.39 8.25 0.15 3.90 0.29 4.34 5.30 0.15 2.95 0.11 3.21 2.89 # 0.15 10.68 10.83 0.15 # 0.15 0.01 0.16 1.91 # 0.15 0.15 1.87 * 0.25 0.25 1.97 * 0.25 0.25 2.07 * 0.25 0.25 0.25 2.50 31.89 10.68 1.77 46.84 67.50 # * (a) (b) 2006 2006 2007 2006 4.39 0.01 4.40 96

14 2007 2006 1,043.6 1,040.3 0.3 15,16 36.5 23.2 3.0 1,103.3 1,043.6 2007 6 302006 6 30 2007 2006 1,092.0 1,041.1 6.6 4.7 2.5 1,103.3 1,043.6 2007 97

15 2006 7 1 185.8 1,823.3 11.1 1,361.3 3,381.5 16.6 121.5 0.7 6.0 128.2 3.2 113.3 116.5 2.8 39 3.1 234.2 237.3 (2.8) (47.3) (50.1) 38(b) (17.7) (17.7) 14 (36.4) (36.4) 2007 6 30 152.9 1,944.8 11.8 1,649.8 3,759.3 19.4 2006 7 1 27.5 409.3 5.9 994.6 1,437.3 7.0 28.2 0.3 2.9 31.4 39 0.8 162.6 163.4 3.8 87.3 1.0 109.1 201.2 7.0 14.4 14.4 (1.0) (42.4) (43.4) 14 (2.1) (2.1) 2007 6 30 29.0 539.2 7.2 1,226.8 1,802.2 14.0 2007 6 30 123.9 1,405.6 4.6 423.0 1,957.1 5.4 2006 6 30 158.3 1,414.0 5.2 366.7 1,944.2 9.6 98

15 2005 7 1 558.4 1,892.6 11.1 1,368.8 3,830.9 10.6 2.6 55.7 0.3 2.2 60.8 3.7 109.6 113.3 6.4 (378.9) (0.3) (119.3) (498.5) (0.4) 38(b) (125.0) (125.0) 2006 6 30 185.8 1,823.3 11.1 1,361.3 3,381.5 16.6 2005 7 1 337.9 321.0 5.0 985.7 1,649.6 3.3 1.5 9.4 0.1 0.9 11.9 3.4 86.6 1.0 107.4 198.4 4.1 (315.3) (0.2) (99.4) (414.9) (0.4) 38(b) (7.7) (7.7) 2006 6 30 27.5 409.3 5.9 994.6 1,437.3 7.0 2006 6 30 158.3 1,414.0 5.2 366.7 1,944.2 9.6 2005 6 30 220.5 1,571.6 6.1 383.1 2,181.3 7.3 2007 99

16 2007 2006 144.5 173.7 0.3 0.6 6.9 (1.6) (36.7) 14 (3.4) 139.8 144.5 37.5 39.5 0.1 4.8 3.0 (0.4) (5.1) 14 (1.2) 40.7 37.5 99.1 107.0 2007 2006 17.6 18.7 50.7 53.2 12.2 15.7 18.3 19.1 0.3 0.3 99.1 107.0 100

17 2005 7 12006 7 1 345.3 345.3 39 9.8 162.8 172.6 2007 6 30 355.1 162.8 517.9 2005 7 12006 7 1 15.4 15.4 39 3.5 3.5 2007 6 30 15.4 3.5 18.9 2007 6 30 339.7 159.3 499.0 2006 6 30 329.9 329.9 (a) 2007 136.8 136.8 89.6 89.6 19.4 19.4 93.9 93.9 320.3 19.4 339.7 2006 136.8 136.8 89.6 89.6 19.4 19.4 84.1 84.1 310.5 19.4 329.9 7.26% 7.61% 2007 101

17 (b) 2007 6 30 18 2007 2006 7,893.3 7,893.3 2006 6 30 22% 2007 6 86.00240% 2007 6 30376,619,103 15.441 39 43 19 2007 2006 19(a) 731.1 904.1 19(a) 183.5 19(b) 2,665.9 2,408.9 3,580.5 3,313.0 267.5 103.5 19(c) 255.8 219.1 4,103.8 3,635.6 102

19 (a) 7.5642006 6.987 11.257 2006 (b) 2007 6 30 4,890 20062007 6 30 4.055 2006 (c) 9,310 2006 1.0048% (d) 6.248 2006 1.531 (e) 44 (f) 37 (g) 2007 2006 4,359.0 3,663.7 1,509.6 1,737.9 (1,187.7) (1,334.2) (1,100.4) (754.4) 3,580.5 3,313.0 2,415.2 1,975.7 542.6 476.6 2007 103

20 2007 2006 1,366.0 1,371.9 98.3 98.3 1,182.1 767.0 20(a) 984.6 1,064.8 3,631.0 3,302.0 1,003.0 453.1 20(a) 20.7 1,003.0 473.8 4,539.4 4,252.7 363.0 363.0 20(a) 1,283.8 1,009.6 20(b) (32.7) 6,153.5 5,625.3 10,787.5 9,401.1 (a) 2007 2006 20(a)(i) 155.5 159.7 20(a)(ii) 128.7 116.4 1,984.2 1,819.0 2,268.4 2,095.1 (i) 6% 10% 20062% 10% (ii) 0.6% 104

20 (b) (c) 7.0812006 7.475 (d) 45 (e) 37 (f) 2007 2006 13,412.3 11,909.1 3,802.4 3,326.1 (4,163.8) (4,781.3) (4,960.4) (3,609.2) 8,090.5 6,844.7 4,186.4 4,049.1 1,034.8 909.4 21 2007 2006 340.8 147.9 243.5 287.3 39.0 39.0 623.3 474.2 340.8 147.9 2007 105

21 2007 2006 378.8 157.9 84.4 57.5 97.8 196.5 62.3 62.3 623.3 474.2 22 2007 2006 22(a) 194.6 272.3 35(b)(i) 11.1 10.0 34 6.3 5.5 17.2 229.2 287.8 (a) 2007 2006 272.3 350.0 24 (77.7) (77.7) 194.6 272.3 142010 1.9% 106

23 2007 2006 26.4 17.5 9.5 9.0 115.2 96.3 151.1 122.8 24 2007 2006 2007 2006 24(a) 8,118.4 1,193.5 1,192.3 904.2 22(a) 77.7 77.7 28 506.3 356.2 24(b) 2,205.6 2,322.6 2,869.2 3.8 7.5 24(c) 68.9 26.7 24(c) 200.3 265.1 24(d) 9,528.3 7,596.5 14,692.1 5,692.6 9,532.1 7,604.0 2007 107

24 (a) 2007 2006 24(a)(i) 6,215.6 1,902.8 1,193.5 8,118.4 1,193.5 (i) 2007 2006 7,803.5 962.4 104.0 108.2 210.9 122.9 8,118.4 1,193.5 (b) 2007 6 30 159.422 2006 (c) 1,770 2006 1,050 (d) 2007 6 302,5702006 3,110 6.0392006 9.92715.178 2006 4.687 108

25 2007 2006 111.9 1.1 9.7 121.6 1.1 54.7 70.6 125.3 246.9 1.1 121.6 1.1 2007 2006 111.9 1.1 102.2 32.8 246.9 1.1 2007 109

26 27 2007 2006 2007 2006 1,212.9 1,057.0 140.1 2,034.3 1,490.7 19.7 90.9 3,247.2 2,547.7 19.7 231.0 (126.4) (126.4) 3,120.8 2,421.3 19.7 231.0 1.264 2006 1.264 3.882006 3.91% 232006 48 28 2007 2006 23,871.3 16,002.4 (24,163.7) (16,131.6) (292.4) (129.2) 24 506.3 356.2 33 (798.7) (485.4) (292.4) (129.2) 110

29 2006 6 30 2007 6 30 2,400,000,000 2,400.0 2005 7 1 1,825,130,569 1,825.1 12,559,250 12.6 79,302,675 79.3 26,760,231 26.8 2006 6 30 1,943,752,725 1,943.8 1,061,926 1.0 26,388,306 26.4 43,042,478 43.0 2007 6 30 2,014,245,435 2,014.2 (a) 2001 12 6 2003 3 122006 11 24 2003 3 12 10%1,780,759,001 2007 2006 29(a)(i) 2,548,937 14,679,656 (1,061,926) (12,559,250) (6,844) (42,871) 29(a)(ii) 471,402 1,480,167 2,548,937 (i) 2003 7 21 3.725 41,497,000 2008 7 21 2007 111

29 (ii) 2005 11 292006 3 132005 6 302006 6 30 2006 1 63.719 3.711 2007 2006 2007 2006 3.711 3.711 2008 7 21 607,248 100% 100% 2008 7 21 1,480,167 1,941,689 100% 100% 1,480,167 2,548,937 (b) 2007 6 8 2007 2007 6 8 6 30 2003 9 5 1.20 1,660,000 (360,000) 1,300,000 2004 3 5 2009 3 4 2006 2 10 0.94 2,000,000 2,000,000 2006 8 10 2014 8 9 3,660,000 (360,000) 3,300,000 112

30 2006 7 1 8,596.2 336.8 43.2 123.5 3,422.8 12,522.5 2,005.4 2,005.4 (894.4) (894.4) 1,227.3 1,227.3 (263.3) (263.3) (5.8) (5.8) (1,053.2) (1,053.2) 263.3 263.3 84.2 84.2 137.5 137.5 178.9 178.9 489.2 489.2 519.1 519.1 (37.9) (37.9) 6.6 6.6 2.9 2.9 22.6 (23.2) 0.6 2007 6 30 9,630.0 282.3 211.5 524.1 4,534.4 15,182.3 2007 6 30 9,630.0 282.3 211.5 524.1 3,930.0 14,577.9 604.4 604.4 9,630.0 282.3 211.5 524.1 4,534.4 15,182.3 2007 113

30 2005 7 1 7,401.9 423.4 11.8 1.7 3,361.0 11,199.8 1,656.6 1,656.6 (1,593.9) (1,593.9) 31.4 31.4 23.1 23.1 33.8 33.8 64.9 64.9 838.2 838.2 322.0 322.0 (108.1) (108.1) 18.9 18.9 1.7 1.7 34.1 34.1 0.9 (0.9) 2006 6 30 8,596.2 336.8 43.2 123.5 3,422.8 12,522.5 2006 6 30 8,596.2 336.8 43.2 123.5 3,032.0 12,131.7 390.8 390.8 8,596.2 336.8 43.2 123.5 3,422.8 12,522.5 114

30 2005 7 1 7,401.9 237.3 24.0 1,119.2 8,782.4 838.2 838.2 1,187.7 1,187.7 (1,593.9) (1,593.9) 1.7 1.7 34.1 34.1 322.0 322.0 2006 6 30 8,596.2 237.3 25.7 713.0 9,572.2 2006 7 1 8,596.2 237.3 25.7 713.0 9,572.2 489.2 489.2 969.4 969.4 (894.4) (894.4) 2.9 2.9 519.1 519.1 22.6 (22.6) 2007 6 30 9,630.0 237.3 3.1 788.0 10,658.4 2007 6 30 9,630.0 237.3 3.1 183.6 10,054.0 604.4 604.4 9,630.0 237.3 3.1 788.0 10,658.4 1997 1981 2007 115

31 2007 2006 2007 2006 31(a),(b) 3,937.9 2,791.6 1,448.6 31(d) 520.0 3,937.9 3,311.6 1,448.6 31(a),(b) 1,287.4 882.9 599.5 834.5 31(b),(c) 629.6 31(b) 5,732.3 333.8 240.0 31(b) 98.4 7,747.7 1,216.7 599.5 1,074.5 11,685.6 4,528.3 599.5 2,523.1 (a) 2007 2006 2007 2006 5,225.3 3,674.5 599.5 2,283.1 (1,287.4) (882.9) (599.5) (834.5) 3,937.9 2,791.6 1,448.6 116

31 (a) 2007 2006 1,287.4 882.9 950.1 1,997.5 2,987.8 794.1 5,225.3 3,674.5 (b) 2007 2006 5.69% 7.70% 4.83% 4.84% 4.85% 2007 6 30 52.252006 36.75 (c) 20.1162006 2007 117

31 (d) 2004 4 2613.5 1 13.632004 5 27 2009 4 11 2005 10 262009 4 25 2006 4 26 99% 2009 4 2697.53% 2006 1 658,198,858 1.002005 6 30 0.62 13.63 13.182006 1 6 30 2006 6 304.3 3.527 2007 6 30 13.18 5.673 43,042,478 1 2.2% 118

32 2007 2006 2007 2006 41.9 55.3 34 111.3 102.3 154.9 133.0 32(a) 375.7 374.9 683.8 665.5 32(b) 117.0 321.0 117.0 321.0 33 (117.0) (210.8) (117.0) (210.8) 110.2 110.2 683.8 775.7 110.2 (a) 10%8,5502006 8,120 (b) 2003 1 6.48% 2006 5.751% 2007 119

33 2007 2006 2007 2006 33(a) 3,473.0 685.1 817.3 566.8 35.1 123.4 28 798.7 485.4 32(b) 117.0 210.8 117.0 210.8 33(b) 48.6 31.6 3,701.1 3,212.2 40.4 43.4 33(b) 2.7 3.3 33(b) 36.8 15.0 4,021.0 1,334.4 9,030.3 5,333.6 4,178.4 1,588.6 (a) 2007 2006 33(a)(i) 2,811.4 33(a)(ii) 661.6 685.1 3,473.0 685.1 (i) 120

33 (a) (ii) 2007 2006 566.1 567.4 32.9 51.3 62.6 66.4 661.6 685.1 (b) (c) 7.9032006 10.11915.011 2006 1.783 (d) 1.1702006 2.108 34 2007 2006 96.8 96.0 3.2 1.4 9 11.8 16.0 (6.6) (18.9) (0.2) 2.3 105.0 96.8 17.5% 2006 17.5% 5.554 2006 11.120 1,2502006 2007 121

34 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 0.6 3.7 0.1 0.4 2.4 4.2 3.9 1.8 7.0 10.1 38 (b) (2.3) (2.3) 0.5 (0.8) (0.3) (1.8) (0.4) 2.1 0.1 (0.8) 1.1 0.6 0.1 0.1 2.4 2.4 3.5 3.9 7.1 7.0 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 86.5 77.3 8.8 8.3 8.3 20.3 0.2 0.2 103.8 106.1 38 (b) (0.2) (0.2) 3.2 1.4 3.2 1.4 9.6 7.8 4.0 0.5 (1.7) 6.9 11.9 15.2 (6.6) (18.9) (6.6) (18.9) 99.1 86.5 12.8 8.8 8.3 0.2 0.2 112.1 103.8 122

34 2007 2006 22 (6.3) (5.5) 32 111.3 102.3 105.0 96.8 35 (a) 2000 12 5% 1.2 8,6902006 8,430 460 2006 1,230 2007 6 301102006 100 1102006 170 (b) (projected unit credit method) 2007 6 30 (i) 2007 2006 (46.5) (47.1) 78.0 65.5 31.5 18.4 (0.1) (20.4) (8.3) 22 11.1 10.0 2007 123

35 (b) (ii) 2007 2006 2.6 2.1 2.0 1.5 (4.6) (3.5) (0.3) 7 (0.3) 0.1 (iii) 2007 2006 47.2 43.6 2.6 2.1 2.0 1.5 1.1 1.3 (3.7) 1.2 (4.1) (1.8) 1.4 (0.7) 46.5 47.2 124

35 (b) (iv) 2007 2006 65.5 57.2 4.6 3.5 8.7 4.5 0.8 1.5 1.1 1.3 (4.1) (1.8) 1.4 (0.7) 78.0 65.5 2007 2006 5% 5% 7% 7% 4% 4% 1,330 2006 760 2007 2006 71% 68% 21% 22% 8% 10% 100% 100% 2007 125

35 (b) (v) 2008 6 30 20 2007 2006 (46.5) (47.2) 78.0 65.5 31.5 18.3 1.4 (1.1) 8.7 3.9 36 (a) 2007 2006 3.8 1.3 210.0 285.0 36(a)(i) 1,451.2 928.1 1,665.0 1,214.4 (i) 14.5122006 9.281 (b) 2007 2006 312.7 385.7 82.9 115.0 515.6 701.1 143.6 101.0 1,054.8 1,302.8 126

36 (c) 2007 2006 66.4 45.3 89.2 38.8 25.6 3.8 181.2 87.9 8.4 1.8 7.3 196.9 89.7 (d) 2007 2006 298.5 298.1 (e) 2007 2006 9.8 10.1 7.5 11.8 17.3 21.9 2007 127

37 (a) 2007 2006 2007 2006 7,143.9 2,221.9 11.9 11.9 11.9 11.9 1,040.5 1,074.0 1,000.0 1,000.0 55.0 55.0 567.3 1,107.4 1,140.9 8,155.8 3,801.1 (b) 2007 2006 70.6 65.0 128

38 (a) 2007 2006 817.6 649.7 206.0 201.4 1.7 14.4 30.0 (22.7) (134.4) (115.5) (76.6) (7.6) (23.2) (3.0) (48.0) (27.5) (5.6) (8.4) (2.5) (58.0) (5.9) (2.4) 791.9 587.6 (13.4) (9.6) (1.1) (1.4) (28.3) 22.7 (5,776.5) (521.1) 138.7 684.0 86.2 1.8 15.5 (9.9) 5,155.7 329.0 697.7 754.1 2007 129

38 (b) 2007 2006 15 17.7 117.3 34 2.3 0.1 16.1 0.3 (0.8) (29.0) (42.1) 34 (0.2) (0.7) (18.2) (6.2) (4.8) 9.9 41.9 65.7 9.9 107.6 97.5 9.9 10.1 9.9 107.6 (c) 2007 2006 97.5 (0.3) 97.2 (d) 31 130

39 2006 6 30 22% 2007 6 86.00240% 1.2942,3002006 7 18.384 8,150 600.2 6.9 607.1 607.1 15 73.9 73.9 3.0 3.0 17 169.1 14.5 141.8 141.8 3,314.8 3,314.8 87.3 87.3 2,371.4 2,371.4 429.7 429.7 (3,353.4) (3,353.4) (39.8) (39.8) (1,733.4) (1,733.4) (4.4) (4.4) 1,460.0 1,305.4 (564.0) 896.0 (288.9) 607.1 607.1 (429.7) 177.4 2007 131

40 (a) 2007 2006 40(a)(i) 40(a)(ii) 634.9 227.7 40(a)(iii) 200.1 32.3 40(a)(iv) 15.9 15.2 40(a)(v) 16.3 12.7 40(a)(vi) (6.2) (4.5) 40(a)(i) 40(a)(ii) 1,457.0 1,962.9 40(a)(iii) 148.7 126.1 40(a)(vi) (24.8) (23.7) (i) (ii) (iii) (iv) 19 20 (v) (vi) (b) 13 40(d) 132

40 (c) 19 20 24 32 33 3.949 2006 3.8702.025 2006 4.022 (d) 2007 2006 4.2 4.6 32007 (e) 2007 6 8 246,986,763 40%2.43 6.002 Grand Partners Group Limited 41 42 2007 133

43 2007 6 30 # 1 1 100.0 230,000 100 100.0 20,000* 100 100.0 4,998 1 100.0 2* 1 2 10,000 100.0 3,000* 10,000 15,000,000 1 100.0 10 100 100.0 160,000* 100 100.0 100 100 100.0 1,000 100 100.0 8,500,000 1 100.0 1,500,000* 1 100.0 766,714 10 100.0 233,288* 10 100.0 8,402 100 100.0 11,600* 100 20.7 40,000 1,000 100.0 10,000* 1,000 100.0 400,000 100 100.0 600,000* 100 100.0 Hip Hing Leader JV Limited 10,000 1 66.7 3 1 100.0 1* 1 100.0 1 1 100.0 1,980,000 10 100.0 20,000* 10 11,481,580 1 100.0 450,000 10 99.0 95,500* 10 83.5 134

43 2007 6 30 # 10 1 100.0 5,000,000 * 1 100.0 6,000 A 1 60.0 4,000 B 2 1 100.0 2 * 1 100.0 2 100 100.0 1,002 * 100 100.0 5,000,000 1 100.0 20,000,000 1 100.0 30,000 1,000 100.0 18,750,000 1 90.4 40,000,002 1 100.0 704,000 * 1 100.0 1,000,000 1 100.0 100 100 100.0 100 * 100 50.0 100,000 1 100.0 2 1 100.0 670,000 100 100.0 1 ** 1 2 1 100.0 1 1 100.0 NWS Holdings (Finance) Limited 1 1 100.0 100.0 18,057,780 1 100.0 500,020 * 1 85.0 2 10 100.0 100,000 * 10 100.0 100 1 100.0 2 1 100.0 4,998 1 100.0 2 * 1 4,998 1 100.0 2 * 1 2007 135

43 2007 6 30 # 2 100 100.0 2,500* 100 10,000,000 1 100.0 49,995,498 1 100.0 4,502* 1 66.7 20,000,004 3 99.8 400,000 100 100.0 20,000 1,000 100.0 4,000,000 10 100.0 614,849,699 0.10 61.3 1,323,943,165 0.10 100.0 100.0 Beauty Ocean Limited 1 1 100.0 Hetro Limited 101 1 100.0 NWSH Capital Finance Limited 1 1 100.0 100.0 NWS CON Limited 1 1 100.0 NWS Construction Limited 1 1 100.0 50,000,000 1 100.0 NWS Financial Management 1 1 100.0 Services Limited NWS Infrastructure Bridges Limited 1 1 100.0 2 1 100.0 100.0 NWS Infrastructure Power Limited 1 1 100.0 NWS Infrastructure Roads Limited 1 1 100.0 NWS Infrastructure Water Limited 1 1 100.0 2 1 100.0 100.0 NWS Ports Management (Wenzhou) Limited 1 1 100.0 Righteous Corporation 1 1 100.0 Stockfield Limited 1 1 100.0 136

43 2007 6 30 60,000,000 30.0 99,200,000 60.0(a) 64,000,000 70.0(a) 82,400,000 70.0(a) 63,800,000 60.0(a) 96,000,000 60.0(a) 50,000,000 100.0 50,000,000 100.0 49,000,000 90.0(b) 56,000,000 90.0(b) 72,120,000 90.0(b) 85,880,000 90.0(b) 72,000,000 45.0(c) 5,000,000 100.0 17,000,000 70.0 25,000 100.0 100,000 100.0 25,000 100.0 25,000 100.0 1,000,000 99.8 100,000 100.0 # * ** (a) (b) (c) 12 60% 2007 137

44 2007 6 30 # 200,000 100 50.0 150,000 100 42.0 East Asia Secretaries (BVI) Limited 300,000,000 1 24.4 Tricor Holdings Limited 7,001 1 24.4 VMS Private Investment 2,500* 0.01 Partners II Limited 200** 0.01 100.0 VMS Private Investment 1,500* 0.01 Partners III Limited 430** 0.01 60.0 821,408,494 0.10 22.3 1,100,000,000*** 0.01 793,124,034 0.10 27.0 650,953,325 15.0(a) 740,730,000 9.45 990,000,000 25.0(a) 420,000,000 50.0(b) 1,125,000,000 18.0(c) 818,300,000 25.0(c) # * ** *** (a) (b) (c) 11 10 138

45 2007 6 30 3,500,000 46.2 1,400,000,000 22.0 653,784,615 35.0(a) 29,200,000 24.5(a) 22.2(b) 24.5(c) 300,000,000 55.0 384,040,000 50.0(a) 580,000,000 25.0(d) 19,255,000 65.3(d) 139,980,000 33.3(d) 34,400,000 50.0(d) 93,688,000 90.0(e) 99,400,000 90.0(e) 99,092,000 90.0(e) 2007 139

45 2007 6 30 85,468,000 90.0(e) 99,368,000 90.0(e) 92,016,000 90.0(e) 87,300,000 90.0(e) 99,388,000 90.0(e) 96,624,000 90.0(e) 99,448,000 90.0(e) 99,316,000 90.0(e) 90,472,000 90.0(e) 89,028,000 90.0(e) 89,392,000 90.0(e) 60,000,000 40.0(d) 140

45 2007 6 30 # 100,000 A 1 56.0 20,000 B ** 1 79.6 54,918 * 1 10,000 1 46.2 1,000,000 1 47.0 100 1 50.0 1 1 50.0 100 1 50.0 1,100,000 0.01 29.5 600,000,000 * 1 52,000 A 1 52,000 B 1 100.0 26,000 C 1 DP World New World Limited 2,000 1 50.0 NWS Transport Services 500,000,016 1 50.0 Limited Success Concept Investments 1,000 1 50.0 Limited 1,000 1 50.0 1,450,280 A 100 2,789,000 B 100 100.0 1,338,720 C 100 (a) (b) (c) (d) (e) 15 60% # * ** 2007 141

6 30 2007 2006 2005 2004 2003 1.01 0.89 1.60 0.86 1.36 1.01 0.85 1.52 0.86 46% 13% 17% 47% 70% 12% 11% 22% 16% 14% 9% 9% 16% 9% 6% 15,047.1 12,543.9 10,286.1 12,552.9 5,770.0 17.9 16.3 13.4 17.3 12.8 239.7 239.2 221.1 368.4 182.6 0.9 1.2 890.6 858.0 776.5 751.3 159.4 2,467.9 2,629.4 2,588.2 2,250.3 558.2 11,205.0 8,619.9 6,386.7 7,696.5 4,158.2 148.0 15.0 14.9 16.9 7.5 78.0 166.1 285.3 1,451.3 690.1 8,313.1 8,955.0 8,822.5 10,527.2 4,362.2 5,108.8 2,159.4 167.5 7.5 0.4 1,625.2 1,429.5 1,296.1 2,018.2 1,407.4 2,005.4 1,656.6 2,886.1 1,538.2 1,193.2 2,291.1 1,937.6 1,411.9 1,903.3 945.7 566.4 469.1 372.3 291.0 107.1 402.8 487.8 489.9 463.1 182.8 102.2 87.4 80.6 66.3 24.7 79.0 70.4 64.8 185.8 238.0 404.2 392.0 384.0 353.0 180.3 255.9 163.0 (252.7) 253.6 157.2 141.6 65.8 54.4 59.1 14.8 339.0 202.1 218.6 231.4 40.8 142

6 30 2007 2006 2005 2004 2003 1,003.5 738.6 463.9 1,045.0 597.5 250.5 208.2 129.4 149.7 86.6 1,037.1 990.8 818.6 708.6 261.6 152.5 2,030.2 378.7 27.1 (13.0) (30.0) (57.8) (375.4) (74.8) 474.0 58.0 39.6 19.2 2.5 32.3 5.7 70.8 69.0 78.2 74.3 56.8 4.4 6.5 (208.0) (227.6) (196.9) (170.8) (131.5) (252.4) (298.0) (358.1) (272.8) (122.8) 39,782.0 25,587.6 25,165.5 23,915.1 27,218.2 22,585.5 11,121.3 12,140.6 14,364.5 18,967.7 11,685.6 4,528.3 5,983.6 8,119.9 9,441.1 17,196.5 14,466.3 13,024.9 9,550.6 8,250.5 2004 6 30 2003 6 30 2007 143

144

1. 65.29% 22 1994 1 2023 265 2007 2006 2005 159,580 143,134 126,833 2. 3. 4a. 25% 15% 25% 8.6 37* 48 53.8 1997 5 2005 12 2005 4 1999 12 2030 2032 2031 618.58 3160 555 575 2007 2006 2005 2005 1 6 7 12 * 83,634 72,368 43,386 40,725 46,233 41,040 * 2005 2007 2006 2005 7,341 6,450 * 27 2007 2006 2005 20,422 17,458 15,177 4b. 321 5a. 5b. 25% 33.33% 50% 60.37 34.7 21.8 2005 4 1993 6 1997 12 2031 2027 2023 228 275 121 2007 2006 2005 26,670 22,414 20,860 2007 2006 2005 23,731 19,735 14,997 2007 2006 2005 10,989 10,890 11,853 2007 145

6. 7. 30% / 80% 25.5%* 1.1 46.22 1996 11 2008 2021 2033 2003 3 2007 2006 2005 2007 2006 2005 * 2007 715.3% 8. 60% 18.2 21.6 1997 8 1998 5 2022 130 2007 2006 2005 4,485 4,617 4,482 9. 10. 11. 70% 60% 60% 9.2 16.8 27.8 8.7 30 1997 10 1998 5 1998 5 1997 8 1999 1 2022 2022 2022 130 130 130 2007 2006 2005 4,500 4,481 4,266 2007 2006 2005 7,831 7,624 6,655 2007 2006 2005 3,089 3,091 2,764 12. 321 13. 45% 70% 8.7 10.1 4.3 1997 3 1999 1 1998 12 2022 2022 135 125 2007 2006 2005 5,155 4,688 5,851 2007 2006 2005 3,955 4,135 5,065 146

14. 60% / 90% 23.18 2000 7 2025 1060 2007 2006 2005 298 235 636 15. 16. 309 17. 60% / 90% 60% / 90% 60% / 90% 36.02 22.2 18.3 1999 4 2000 7 2000 8 2025 2023 2023 1060 1060 1070 2007 2006 2005 774 966 1,534 2007 2006 2005 1,957 2,381 2,106 2007 2006 2005 3,122 3,202 2,533 18. 40% 18 1995 4 2025 550 2007 2006 2005 12,610 11,405 9,971 19. 1590% 1560% 43.4 17 1998 12 2000 12 2028 2028 5115 2007 2006 2005 21,095 17,723 17,181 2007 147

20. 29.5% 4 1991 6 2018 1026 2007 2006 2005 55,619 55,333 59,986 1. 2. 3. 50% 25% 19% 600 600 472 1994 1 1996 4 1985 11 2017 2020 2010 2007 2006 2005 3,677 3,940 3,990 2007 2006 2005 3,793 4,408 4,251 2007 2006 2005 2,572 2,213 1,997 4. 5. 35% 9.45% 1,200 2 x 135 2 x 300 6002007 6 600 2007 12 2040 2007 2006 2005 185 2005 9 2008 4 8 148

1. 2. 3. 42.5% 30% 29% 33 10 6 9 1985 1994 1 2007 5 2010 2027 2027 2007 2006 2005 172,744 157,581 148,734 2007 2006 2005 79,816 67,877 58,600 4. 5. 6. 33.06% 33.06% 25% 20 50 20 1998 4 1998 4 1995 9 2008 1 2020 2020 2014 2007 2006 2005 610,473 591,852 641,677 7. 8. 9. 25% 27.5% 25% 5 26 11.8 5 1996 1 2000 6 2000 9 2008 1 2023 2020 2030 2007 2006 2005 56,922 58,959 72,315 2007 2006 2005 234,000 234,000 234,000 2007 2006 2005 59,781 52,479 39,918 10. 11. 12. 25% 25% 35% 36 10 5 2001 8 2002 3 2000 12 2031 2032 2029 2007 2006 2005 288,000 288,000 288,000 2007 2006 2005 64,000 71,058 75,370 2007 2006 2005 20,142 18,284 16,762 2007 149

13. 14. 15. 30% 25% 25% 11 10 5 20 2002 4 2002 1 2005 4 2032 2031 2052 2007 2006 2005 78,113 75,580 74,391 2007 2006 2005 43,311 44,155 42,192 2007 2006 2005 45,289 27,467 21,969 97,900 70,015 60,504 16. 17. 18. 25% 30% 25% 54.3 18.3 34.5 16 23.5 2002 8 2002 11 2004 1 2006 9 2006 7 2027 2052 2030 2007 2006 2005 531,231 495,357 530,121 2007 2006 2005 237,153 199,192 174,964 2007 2006 2005 129,910 122,187 110,315 19. 20. 21. 25% 24.5% 25% 31 67.5 30 2005 4 2006 12 2007 1 2039 2036 2036 2007 2006 2005 156,983 154,794 137,734 2007 2006 2005 332,508 2007 2006 2005 236,533 22. 23. 10% 47% 6 3,500 2006 8 1995 6 2053 2045 2007 2006 2005 30,186 150

1. 2. 3. 50% 24.5% 18% 100 140 150 48.8 46.9 51.7 1997 4 1999 1 2005 11 2052 2027 2035 976 1,136 1,202 9 10 12 2007 2006 2005 794,000 736,000 635,000 2007 2006 2005 1,136,000 1,145,000 1,087,000 2007 2006 2005 1,988,000 831,000 4. 5. 4.8% 70% 220 2.3 74 5.5 2002 6 1999 1 2046 2018 1,856 2007 2006 2005 1,859,000 1,906,000 1,861,000 2007 2006 2005 25,111 22,069 19,329 6. 7. 100% 55% 230 1998 1 56.3 2045 2007 2006 2005 2008 6 87% 2056 683 2007 2006 2005 2007 151

(56%) (46.17%) (40%) (22%) (99.83%) (90.4%) (50%) (26.97%) (22.30%) (61.25%) Tricor (24.39%) (50%) (50%) (99%) (50%) (50%) (50%) (50%) (30.32%) (14.95%) 152

70,086 1,341 4,890,199 1, 2 3 2009 19,400 56% 590 1987 2 1988 3 1992 2 1994 1 1994 11 2047 2007 2006 2005 97.5% 95.9% 92.8% 895,000 918,000 1,052,000 46.17% 60 2.6 2002 1 2019 2007 2006 2005 392,000 320,000 305,000 40% 80 3.7 1997 2 2008 2007 2006 2005 594,000 504,000 417,000 92.34 275.77163.02 5.31 5.463.46 129 2007 153

154 16.92 21.79 14.07 D 3224 4.92 16.81 6.94 T3 5 21.42 50.97 : 26.15 70 86 A

155 2007 11 500 5.93 Linfox Holdings Hong Kong Ltd 881 54 56.7 5.7 268 14 9.5 3.2 25 3 7 4 8 1 695 94 51.3 8.8 743 92 52.7 10.6 171 18 5.9 8.8

156 1,500 105 1,100 72 511 24 6,000 VISA 230 1,500

157 2007 24 305 330 YKK 370 200 200

2006 2006 6 30 2007 2007 6 30 10 1,000,000 10,000 158

1,000 208 8.5 9 1,000 2007 159

Clarendon House 2 Church Street Hamilton HM 11 Bermuda 18 28 Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 28 26 22 UFJ www.nwsh.com.hk 160