Sustainability Report 2014/15

Verification Statement

Scope and Objective

Hong Kong Quality Assurance Agency (‘HKQAA’) was commissioned by the Sun Hung Kai

Properties Ltd (‘SHKP’) to provide an independent verification of its Sustainability Report

2014/15 (‘the Report’) which was prepared in accordance with the Core option of the G4

Sustainability Reporting Guidelines and the associated Construction and Real Estate Sector

Disclosures requirements of the Guidelines issued by the Global Reporting Initiative (‘GRI’).

Reference was also made to the latest Environmental, Social and Governance Reporting Guide

(‘ESG Reporting Guide’) addressed in Appendix 27 of the Rules Governing the Listing of

Securities on The Stock Exchange of Hong Kong Limited (‘SEHK’), and the ten principles of the

United Nations Global Compact (‘UNGC’).

The aim of this verification activity is to assess the Report’s adherence to GRI’s principles of

Stakeholder Inclusivity, Materiality and Responsiveness; the UNGC and the SEHK’s ESG

Reporting Guide.

The Report states SHKP’s major activities and achievements on sustainable development from

1 July 2014 to 30 June 2015.

Assurance Methodology

The assurance process used in this verification exercise was based on current best practices

and our management procedures, and was carried out with reference to the following criteria:

GRI’s G4 Sustainability Reporting Guidelines, and the associated Construction and Real

Estate Sector Disclosures

The ten principles of the UNGC

SEHK’s ESG Reporting Guide

In addition, reliability of sampled sustainability information and data was verified against the

International Standard on Assurance Engagement 3000 – “Assurance Engagement Other Than

Audits or Reviews of Historical Financial Information” issued by the International Auditing and

Assurance Standards Board for a reasonable level of assurance.

The assurance process consisted of:

reviewing sampled documents

checking the data management mechanism

communication with or interviewing relevant personnel responsible for compiling the data

verifying the selected representative samples and examining the supporting evidence,

including raw data that supports the report contents

undertaking analytical procedures over the reported data

Accuracy and reliability of the aggregated data was sample tested. The processes for data

collection, aggregation, estimation, calculation and internal vettingwere reviewed andexamined

in order to confirm the extent of robustness. Detail verification results and recommendations

are stated in a separate report provided to SHKP.

Independence

HKQAA was not involved in collecting and computing the reporting data, and in the

development of the Report. HKQAA’s activities are independent from SHKP.

Conclusion

The verification team confirmed that the Report which was prepared based on factual statements

and the data contained within the Report are accurate and reliable.

Based on the evidence sampled, the verification team observed that the information presented

in the Report has provided a material and complete representation of the performance of SHKP

in the context of sustainable development. It is also a fair and true representation of commitment,

targets, progress and performance on SHKP’s sustainable development achievements.

To conclude, the Report is able to provide an adequate and reasonable account of SHKP’s

sustainability performance on material aspects during the reporting period, and to demonstrate

satisfactory disclosure of SHKP’s sustainability performance according to the Core option of the

GRI’s G4 Sustainability Reporting Guidelines and the associated Construction and Real Estate

Sector Disclosures as well as the SEHK’s ESG Reporting Guide. The Report also demonstrates

a gradual progress to fulfill the ten principles of the UNGC.

Signed on behalf of Hong Kong Quality Assurance Agency

Ronnie Ng

Thomas Ma

Assistant General Manager

Verification Team Representative

30 March, 2016

Sun Hung Kai Properties Limited Sustainability Report 2014/15