Company Profile For Kerry Properties Limited

Kerry Properties Limited (KPL) is a property and logistics company with investments throughout Asia. The Company’s property development activities are focused in China and Hong Kong. KPL is also a China-focused, Asia-based logistics operator. As of December 31, 2008, it held a portfolio of properties, including properties under development with a gross floor area (GFA) of 43.34 million square feet, completed investment properties of 8.45 million square feet, hotel properties of 0.54 million square feet and properties held for sale of 0.48 million square feet. As of December 31, 2008, the Company operates in four business divisions: property division, logistics network division, infrastructure division and other divisions.

BRIEF: For the six months ended 30 June 2009, Kerry Properties Limited's revenues decreased 23% to HK$5.40B. Net income decreased 24% to HK$1.88B. Revenue reflects a decrease in sales of PRC, Hong Kong, United Kingdom and other geographic segments. Net income also reflects a decrease in gross & operating margin, decreased fair value gain on investment properties, a decrease in other income & net gains and higher administration expenses.