| FOR IMMEDIATE RELEASE | 16th March 2006 |
16 March 2006 - Swire Pacific Limited today announced that the company has mandated HSBC and Morgan Stanley as Joint Bookrunners on a US$ 10-year Reg S Eurobond offering. The offering will be launched following a roadshow in Asia and Europe next week, subject to market conditions, FSA/Stabilisation applies. Proceeds of the offering will be used for the Swire Pacific group's general corporate funding requirements.
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