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1 Corporate Information 2 Financial Highlights 4 Management Discussion and Analysis 21 Condensed Consolidated Income Statement 22 Condensed Consolidated Statement of Comprehensive Income 23 Condensed Consolidated Statement of Financial Position 25 Condensed Consolidated Statement of Changes in Equity 27 Condensed Consolidated Statement of Cash Flows 28 Notes to Condensed Consolidated Interim Financial Information 61 62 64 81 82 83 85 87 88 INTERIM REPORT 2012

2012 2 10 2012 2 10 * * * * * * 168 200 38 00144 183 17 1712 1716 http://www.cmhi.com.hk 2012 61

6 30 6 2012 2011 1 20,610 20,859 (1.2%) 1,756 3,924 (55.2%) 2 (147) (1,549) (90.5%) 1,609 2,375 (32.3%) 70.97 159.59 (55.5%) 70.87 158.99 (55.4%) 22.00 30.00 (26.7%) 2,553 2,308 10.6% 2012 2011 6 30 12 31 94,031 87,086 8.0% 43,414 43,452 (0.1%) 3 15,290 17,887 (14.5%) 62

6 30 6 2012 2011 1 8,657 7,227 19.8% 1,095 870 25.9% 9,563 11,750 (18.6%) 1,295 1,012 28.0% 20,610 20,859 (1.2%) EBITDA 4 4,179 4,057 3.0% 858 453 89.4% 843 1,519 (44.5%) 160 376 (57.4%) EBITDA 6,040 6,405 (5.7%) 6 (82) 1,314 (106.2%) 5 (856) (597) 43.4% 5 (1,013) (1,187) (14.7%) 5 (1,570) (1,426) 10.1% 2,519 4,509 (44.1%) 5 (763) (585) 30.4% 1,756 3,924 (55.2%) 1. 2. 1.1120113.183,600 2011 8002011 13.67 1.44 3. 4. 5. 6. 2011 2012 63

2012 IMF 4 7 2012 2013 2012 7 IMF2012 3.5%2011 0.3 1.4% 0.2 5.6% 0.6 3.8% 3.1 2012 8.0% 1 6 18,398 8.0% 17.8 9,544 9.2% 14.8 8,854 6.7% 20.9 2012 8,459 TEU8.8% 4.0 6.0% 2012 2,918 TEU5.6% 7.9% 1.6234 1.1% 2012 64 TEU40.0% 3 TEU22.5% 2012 6 30 47.93 14.2% 32.68 5.7% 17.56 55.2% 16.09 32.3% EBITDA 1 41.79 3.0% EBITDA EBITDA 69.2% 2012 65

14.2% 55.2% 31.4% 13.67 47.1% 2012 EBIT 2 30.13 0.3% EBIT 60.3% 67.4% 2,630 TEU 7.9% 2.0 268 TEU 12.5%Tin-can Island Container Terminal Limited TICT 19 TEU 15.8% 569 TEU 2.8% 1.7 51 TEU22.8% 234 TEU 35 TEU12.7% 11.5% 21 TEU 3.5% 1,586 TEU 3.6% 94 TEU 9.4% 104.4% 191 TEU 105 TEU 7.3% 1 EBITDA 2 EBIT 66

1.1% 1.6234 1,599 9,209 4.7% 4151,431 3,350 3.2% 1.3% 7.3% 200 48.3% 2012 2012 67

2012 (CMPORT) 2012 Mega Shekou Container Terminals Limited 13.1% Colombo International Container Terminals Limited 2013 TICT2012 2012 8 1.5 Thesar Maritime Limited TML 50% 2011 12 TML 68

LCT 35 10 LCT 4 LCT 220 TEU LCT 400 2013 12 MSC 15 Terminal Investment Limited MSCTML 50% LCT LCT 6 2012 8.6% 2011 23.4% 7 TEU 2012 8.31 31.3% EBIT 7.48 116.8% 2012 69

16% 2012 5 65.7% 2012 34 2012 EBIT 5.74 54.9% 64 TEU40.0% 5 39.7% 9.34 66.8% 70

25.53 2012 2 4 2012 4 2012 2012 6 30 122.20 9.7%31.3% 58.7% 0.3% 12.09 2012 6 30 2,474,771,236 360,000 5002012 7 20 14,859,081 2012 6 30 35.2% 2012 71

2012 6 30 2012 6 30 2011 12 31 1 5,039 5,239 1 2 1,048 2,099 2 5 2,987 3,204 5 124 106 9,198 10,648 2013 2,323 2,325 2015 3,871 3,877 2018 1,534 1,536 2022 3,815 11,543 7,738 2016 3,066 3,084 2017 1,100 4,166 3,084 1 1,010 1,615 1 2 979 985 1,989 2,600 1 616 2 5 614 614 616 12 2.372011 12 31 2.91 72

2012 6 30 3,443 11,543 14,986 5,755 4,166 614 1,989 12,524 9,198 11,543 4,166 614 1,989 27,510 2011 12 31 4,123 7,738 100 11,961 6,525 3,084 616 2,500 12 12,737 10,648 7,738 3,084 616 2,600 12 24,698 2012 6 30 2.37 2.011.07 200 1,000 2012 6 30 7,946 26328 7,655 7.00 21.0% 2011 12 31 2.12 1.90 1.02 2012 73

2012 IMF 2012 2012 74

22 2011 30 31.2% 2012 11 28 2012 10 5 2012 10 19 2012 11 28 2012 9 27 2012 10 5 2012 9 264 30 183 17 1712 1716 2012 11 28 2012 10 5 2012 6 30 352 XV 2012 75

2012 6 30 565,569 400,000 0.0390% 400,000 0.0162% 700,000 0.0283% 200,000 0.0081% 350,000 0.0141% 372,024 500,000 0.0352% 513,731 150,000 0.0268% 300,000 0.0121% 158,946 0.0064% 1,572,287 0.0635% 3,182,557 3,000,000 0.2497% 352 2012 6 30 XV 352 2011 12 9 76

( 2012 6 30 2012 2012 1 1 6 30 2006 5 25 23.03 400,000 400,000 2006 5 25 23.03 400,000 400,000 2004 10 27 11.08 300,000 300,000 2006 5 25 23.03 400,000 400,000 2006 5 25 23.03 200,000 200,000 2006 5 25 23.03 350,000 350,000 2006 5 25 23.03 500,000 500,000 2006 5 25 23.03 150,000 150,000 2006 5 25 23.03 300,000 (300,000) 2006 5 25 23.03 300,000 300,000 3,000,000 3,000,000 (I) 2004 10 27 11.08 1,030,000 (280,000) 750,000 2006 5 25 23.03 11,723,000 11,723,000 2006 6 21 20.91 150,000 150,000 (II) 2004 10 27 11.08 1,000,000 1,000,000 2006 5 25 23.03 10,254,000 (80,000) 10,174,000 24,157,000 (360,000) 23,797,000 27,157,000 (360,000) 26,797,000 1. 10 2. 23.864 3. 2012 77

2012 6 30 336 1,352,647,266 1,2,3 54.66% 1,349,647,266 2 54.54% 1,349,647,266 2 54.54% China Merchants Union (BVI) Limited 1,332,525,504 2 53.84% Davis Selected Advisers, L.P. 145,910,554 5.90% (d/b/a: Davis Advisors) 1. 1,352,647,266 1,349,647,26623,000,000 3 2. China Merchants Union (BVI) Limited 1,349,647,266 China Merchants Union (BVI) Limited 1,332,525,504Best Winner Investment Limited 17,121,762 Best Winner Investment LimitedBest Winner Investment Limited 17,121,762 3. Orienture Holdings Company Limited 3,000,000 Orienture Holdings Company Limited 3,000,000 78

336 2004 11 2012 4 1 2012 6 30 6 2012 3 31 2012 4 1 A.6.7 2012 5 31 2012 79

2012 6 30 62012 2012 4 30 2012 6 21 2012 8 30 13.51B(1) 80

2012 6 30 6 2012 2011 6 4,793 4,196 9 (2,737) (2,312) 2,056 1,884 8 503 1,856 8 90 54 9 (31) (20) 9 (568) (487) 2,050 3,287 10 73 62 10 (628) (427) 10 (555) (365) 1,325 1,983 147 162 2,967 5,067 11 (502) (558) 2,465 4,509 1,756 3,924 709 585 2,465 4,509 12 548 741 13 70.97 159.59 70.87 158.99 2012 81

2012 6 30 6 2012 2011 2,465 4,509 (264) 1,008 118 53 1 (4) (15) (15) (165) 1,047 2,300 5,556 1,653 4,740 647 816 2,300 5,556 82

2012 6 30 2012 2011 2011 6 30 12 31 1 1 14 3,333 3,338 3,298 14 1,247 1,253 91 14 17,556 18,269 16,835 14 5,060 4,340 3,662 14 9,843 9,883 9,683 15 26,720 27,394 23,701 5,019 5,038 4,589 2,050 1,919 2,418 403 344 342 133 136 114 71,364 71,914 64,733 287 240 159 4,691 4,380 2,241 708 963 382 16 3,928 2,776 4,484 2 2 12,220 6,811 6,352 21,836 15,172 13,618 17 831 22,667 15,172 13,618 94,031 87,086 78,351 2012 83

2012 6 30 2012 2011 2011 6 30 12 31 1 1 18 247 247 246 42,619 41,522 36,905 548 1,683 1,918 43,414 43,452 39,069 11,957 11,355 10,329 55,371 54,807 49,398 19 979 985 938 19 614 587 20 17,545 16,231 14,144 1,073 1,049 21 2,409 2,304 2,038 22,620 20,569 17,707 22 7,333 3,888 4,382 19 1,010 1,615 1,748 19 616 20 7,390 5,279 4,855 307 312 261 16,040 11,710 11,246 38,660 32,279 28,953 94,031 87,086 78,351 6,627 3,462 2,372 77,991 75,376 67,105 84

2012 6 30 6 2012 1 1 247 15,526 7,744 19,888 11,355 54,760 12 47 47 2012 1 1 247 15,526 7,744 19,935 11,355 54,807 1,756 709 2,465 (202) (62) (264) 118 118 (4) (4) (15) (15) (88) (15) (62) (165) (88) 1,741 647 2,300 5 5 10 (10) (13) (11) (24) 132 132 (1,683) (152) (1,835) (14) (14) 5 (3) (1,693) (45) (1,736) 2012 6 30 247 15,531 7,653 19,983 11,957 55,371 2012 85

2012 6 30 6 2011 1 1 246 15,085 6,531 17,180 10,329 49,371 12 27 27 2011 1 1 246 15,085 6,531 17,207 10,329 49,398 3,924 585 4,509 777 231 1,008 53 53 1 1 (15) (15) 816 231 1,047 816 3,924 816 5,556 30 30 35 (35) (39) (80) (119) 6 104 110 (1,918) (49) (1,967) 30 2 (1,953) (25) (1,946) 2011 6 30 246 15,115 7,349 19,178 11,120 53,008 86

2012 6 30 6 2012 2011 2,553 2,308 (469) (768) 2,469 (1,145) 4,553 395 1 1 6,520 6,352 (32) 94 6 30 11,041 6,841 2012 87

1. 168-200 38 2012 8 30 2. 2012 6 30 6 34 2011 12 31 3. 2012 6 30 6 2011 12 31 88

3. 7 12 12 12 40 12 12 12 12 2011 1 1 2011 12 31 2,700 4,700 2012 6 30 2011 6 30 6 300 1,800 2012 6 30 2011 6 30 6 300 1,800 2012 89

3. 12 2011 1 1 2011 12 31 2011 12 2011 2011 12 2011 1 1 1 1 12 31 12 31 (2,065) 27 (2,038) (2,351) 47 (2,304) 51,436 51,436 57,111 57,111 49,371 27 49,398 54,760 47 54,807 21,862 21,862 23,517 23,517 17,180 27 17,207 19,888 47 19,935 10,329 10,329 11,355 11,355 49,371 27 49,398 54,760 47 54,807 2012 2011 6 30 6 6 30 6 2012 2011 0.11 0.74 0.11 0.74 12 12 90

3. 2009 2013 1 1 2011 1 2012 7 1 32 2014 1 1 7 2013 1 1 7 9 2015 1 1 9 10 2013 1 1 11 12 9 2013 1 1 10 2013 1 1 11 2013 1 1 12 2013 1 1 13 2013 1 1 19 2011 2013 1 1 27 2011 2013 1 1 28 2011 2013 1 1 20 2013 1 1 2012 91

4. 2011 12 31 5. (i) 2011 12 31 (ii) 92

5. (iii) 2012 6 30 2011 12 31 2012 6 30 365 365 1,818 232 2,050 1,818 597 2,415 2011 12 31 329 329 1,727 192 1,919 1,727 521 2,248 2012 93

6. 6 30 6 2012 2011 3,268 3,092 831 633 674 452 20 19 4,793 4,196 7. 90% 90% 10% 94

7. 2012 6 30 6 2,862 117 289 3,268 831 314 380 4,793 80 444 3,638 237 4,399 264 9,249 570 14,482 9 143 838 990 345 1,335 2,942 570 3,781 1,364 8,657 1,095 9,563 1,295 20,610 2011 6 30 6 2,743 113 236 3,092 633 109 362 4,196 81 481 2,515 197 3,274 237 11,641 299 15,451 10 137 714 861 351 1,212 2,824 604 2,652 1,147 7,227 870 11,750 1,012 20,859 2012 95

7. 2012 6 30 6 1,316 15 46 54 1,431 690 15 (4) (82) (86) 2,050 22 101 673 86 882 52 288 103 103 1,325 37 121 158 (11) (11) 147 1,338 116 756 261 2,471 742 303 88 (82) 6 3,522 (54) (38) (92) (46) (12) (140) (265) (405) (555) (254) (2) (68) (18) (342) (124) (17) (19) (19) (502) 1,030 114 688 205 2,037 572 274 (71) (347) (418) 2,465 (335) (47) (382) (372) 3 42 42 (709) 695 114 688 158 1,655 200 277 (29) (347) (376) 1,756 429 4 93 526 98 12 25 3 28 664 290 4 499 793 384 21 10 1 11 1,209 96

7. 2011 6 30 6 1,307 18 23 56 1,404 308 (20) 286 (58) 228 1,920 33 143 761 79 1,016 35 885 47 47 1,983 44 112 156 6 6 162 1,340 161 828 247 2,576 343 865 339 (58) 281 4,065 15(a) 1,367 (44) (36) (80) (65) (8) 20 (232) (212) (365) (243) (3) (198) (10) (454) (44) (43) (17) (17) (558) 1,053 158 630 201 2,042 234 814 342 (290) 52 4,509 (373) (39) (412) (144) (13) (16) (16) (585) 680 158 630 162 1,630 90 801 326 (290) 36 3,924 436 4 93 533 92 19 10 3 13 657 459 1 86 546 255 42 74 2 76 919 2012 97

7. 2012 6 30 23,585 196 2,741 5,117 31,639 10,959 1,402 12,659 4,667 17,326 61,326 1,152 1,623 13,715 1,103 17,593 832 7,685 610 610 26,720 2 4 788 4,045 4,839 180 180 5,019 24,739 1,823 17,244 10,265 54,071 11,791 9,087 13,449 4,667 18,116 93,065 831 831 831 24,739 1,823 17,244 11,096 54,902 11,791 9,087 13,449 4,667 18,116 93,896 2 133 94,031 (5,094) (47) (3,861) (9,002) (4,754) (724) (7,105) (14,359) (21,464) (35,944) (307) (2,409) (38,660) 98

7. 2011 12 31 22,932 199 1,719 5,275 30,125 9,646 1,029 12,173 1,543 13,716 54,516 1,137 1,755 13,967 1,128 17,987 824 7,836 747 747 27,394 4 833 4,010 4,847 191 191 5,038 24,069 1,958 16,519 10,413 52,959 10,470 8,865 13,111 1,543 14,654 86,948 2 136 87,086 (4,882) (40) (3,450) (8,372) (4,345) (744) (6,825) (9,377) (16,202) (29,663) (312) (2,304) (32,279) 2012 99

8. 6 30 6 2012 2011 477 416 36 8 15(a) 1,367 2 4 (12) 61 503 1,856 47 21 14 15 10 10 19 8 90 54 9. 6 30 6 2012 2011 390 322 700 611 562 560 102 97 341 256 512 358 65 52 40 24 72 47 552 492 3,336 2,819 100

10. 6 30 6 2012 2011 73 62 (222) (169) (9) (40) (179) (179) (89) (56) (109) 19(a) (61) (51) 19(b) (14) (13) 20(c) (1) (684) (508) 56 81 (628) (427) (555) (365) 5.13% 20115.18% 2012 101

11. 16.5% 2011 16.5% 25% 2008 1 1 15%2011 24% 201225% 50%2008 1 1 2008 10% 5% 6 30 6 2012 2011 4 3 269 247 118 91 4 107 73 144 502 558 15(a)5% 1.44 102

12. 6 30 6 2012 2011 22 201130 548 741 2012 8 30 22 2012 12 31 2012 2012 8 30 2,489,630,317 2011 2,471,421,683 13. 6 30 6 2012 2011 1,756 3,924 2,474,548,639 2,458,976,103 70.97 159.59 1,756 3,924 2,474,548,639 2,458,976,103 3,306,564 9,241,666 2,477,855,203 2,468,217,769 70.87 158.99 : 2012 103

14. 2012 6 30 6 2012 1 1 3,338 1,253 18,269 4,340 9,883 (5) (2) (80) (19) (49) 1,028 107 477 (19) (1,080) 262 (4) (562) (98) 2012 6 30 3,333 1,247 17,556 5,060 9,843 2011 12 31 2011 1 1 3,298 91 16,835 3,662 9,683 40 31 649 134 374 1,138 2,004 93 445 (56) (6) 6 76 (7) (1,155) (250) (2) 2011 12 31 3,338 1,253 18,269 4,340 9,883 104

15. 2011 6 30 6 (a) 2010 10 27 93.10 2011 4 8 1,764,379,518 26.539% 24.48% 13.67 8 (b) 20% 2011 2 1 20% 1.31 2011 2 1 1.12 1,900 2012 105

16. 2012 2011 6 30 12 31 (a) 1,334 1,204 1,145 102 (b) 9 5 (b) 157 206 (b) 586 649 697 610 3,928 2,776 (a) 2012 6 30 3,800 2011 12 31 3,500 90 2011 90 2012 6 30 2011 12 31 507 266 1-90 765 733 91-180 30 44 181-365 20 140 365 12 21 1,334 1,204 (b) 106

17. 2012 4 12 50% 10.96 18. 0.1 6 30 6 6 30 6 2012 2011 2012 2011 1 1 6 30 5,000,000,000 5,000,000,000 500 500 1 1 2,474,411,236 2,458,027,459 247 246 (a) 360,000 1,411,000 6 30 2,474,771,236 2,459,438,459 247 246 (a) 360,000 2011 1,411,000 50020113,000 23.95 201134.29 (b) 2012 7 1 14,859,081 0.1 2011 3.34 2012 107

18. (c) 2001 12 20 2011 12 9 2011 2012 6 30 6 2011 2012 2012 2011 2011 1 1 6 30 1 1 6 30 2004 10 27 11.08 2004 10 27 2014 10 26 2,330,000 (280,000) 2,050,000 2,610,000 (250,000) 2,360,000 2006 5 25 23.03 2006 5 25 2016 5 24 24,677,000 (80,000) 24,597,000 25,838,000 (1,161,000) 24,677,000 2006 6 21 20.91 2006 6 21 2016 6 20 150,000 150,000 150,000 150,000 27,157,000 (360,000) 26,797,000 28,598,000 (1,411,000) 27,187,000 27,157,000 26,797,000 28,598,000 27,187,000 21.99 13.74 22.10 21.93 20.91 21.98 108

19. (a) 2.92% 5.20%2011 12 31 2.72% 5.20% 2012 2011 6 30 12 31 100 1,989 2,500 1,989 2,600 2012 2011 6 30 12 31 1,010 1,615 979 985 1,989 2,600 (b) 4.35%2011 12 31 4.35% 2012 2011 6 30 12 31 616 614 614 616 2012 109

20. 2012 2011 6 30 12 31 2,266 3,200 (a) 37 79 6,666 7,157 (a) 105 106 29 (a) 95 106 9,198 10,648 (c) 28 40 (d) 2013 3.00 6.125% 2,323 2,325 2015 5.00 5.375% 3,871 3,877 2018 2.00 7.125% 1,534 1,536 2022 5.00 5% 3,815 2016 18.00 6.65% 2,207 2,220 2016 7.00 6.13% 859 864 2017 4.00 6% 491 2017 5.00 5.28% 609 24,935 21,510 (7,390) (5,279) 17,545 16,231 110

20. (a) 2012 6 30 2012 2011 6 30 12 31 201 190 107 102 2 10 320 292 (b) 116.93 2011 12 31 83.87 (c) 2011 12 31 7.54% 1,200 (d) 2012 2011 6 30 12 31 2013 3.00 6.125% 6.33% 6.33% 2015 5.00 5.375% 5.47% 5.47% 2018 2.00 7.125% 7.36% 7.36% 2022 5.00 5% 5.22% 2016 18.006.65% 6.76% 6.76% 2016 7.006.13% 6.19% 6.19% 2017 4.006% 6.00% 2017 5.005.28% 5.63% (e) 2012 6 30 145.52 2011 12 31 262.85 136.03 2011 12 31 253.33 9.492011 12 31 9.52 2012 111

20. (f) 2012 6 30 2011 12 31 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 6 30 12 31 6 30 12 31 6 30 12 31 6 30 12 31 6 30 12 31 5,039 5,239 2,323 28 40 7,390 5,279 1,048 2,099 2,325 1,048 4,424 2,987 3,204 3,871 3,877 4,166 3,084 11,024 10,165 9,074 10,542 6,194 6,202 4,166 3,084 28 40 19,462 19,868 124 106 5,349 1,536 5,473 1,642 9,198 10,648 11,543 7,738 4,166 3,084 28 40 24,935 21,510 (g) 2012 2011 6 30 12 31 0.92% 5.86% 0.73% 7.20% 4.86% 7.87% 4.86% 7.76% (h) 68.34 2011 12 31 73.13 123.53 2011 12 31 82.46 40.792011 12 31 30.31 2012 6 30 112

21. 12 2011 1 1 2011 12 31 2,700 4,700 3 22. 2012 2011 6 30 12 31 (a) 361 318 1,683 (b) 5 5 (b) 84 82 (b) 110 1,406 823 1,096 2,588 2,660 7,333 3,888 (a) 2012 2011 6 30 12 31 7 63 1-90 258 219 91-180 76 5 181-365 8 14 365 12 17 361 318 (b) 2012 113

23. (a) 2012 2011 6 30 12 31 840 1,698 267 4 1,107 1,702 4,847 4,251 216 206 5,063 4,457 6,170 6,159 673 199 566 1,277 1,239 1,476 7,409 7,635 (b) 2012 2011 6 30 12 31 2,332 594 114

24. 2012 6 30 6 (a) 2012 1 20 4,200Colombo International Container Terminals Limited CICT 30% CICT55% 85%30% 3,0002012 6 30 42 1 (30) 13 2011 6 30 6 (b) 2011 4 28 1.19 20% 65.853% 71.707%2011 6 30 119 (80) 39 116

24. 2011 6 30 6 (c) 29.267% 24.877%2011 6 30 110 (81) 29 6 23 29 25. 2012 117

25. (a) 6 30 6 2012 2011 (i) 14 13 6 6 (i) 49 42 (ii) 4 5 79 40 (iii) 11 6 (iv) 59 51 13 13 (v) 119 118

25. (a) (i) (ii) (iii) (iv) 19 (v) 2011 4 28 1.19 20% (vi) 2012 6 30 27.97 2011 12 31 20.87 16.81 2011 12 31 24.75 1,500 2011 6 30 6 1,300 2,700 2011 6 30 6 5,500 2012 6 30 16 19 22 (b) (c) 6 30 6 2012 2011 12 9 2012 119

26. 2012 8 29 1.50 14.48 Thesar Maritime Limited TML 50% TMLLome Container Terminal S.A. 120