| FOR IMMEDIATE RELEASE | 16th June, 2006 |
Hong Kong, 16 June, 2006 - Swire Pacific Limited is pleased to announce that it has appointed Standard Chartered Bank (Hong Kong) Limited as the sole Mandated Coordinating Arranger for its 5-year HK$3,000 million revolving credit facility (the "Facility").
The proceeds of the Facility will be used to finance general corporate funding requirements of Swire Pacific Limited and its group companies including the refinancing of outstanding indebtedness. Syndication of the Facility is expected to commence in the week of 19 June 2006.
Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The company's operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years.
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