COSCO Pacific Limited

2007 FINAL RESULTS ANNOUNCEMENT

RESULTS HIGHLIGHTS     07/04/2008

- Profit attributable to equity holders of the Company increased by 47.0% to US$427,768,000

- Propose a final cash dividend of US3.924 cents (2006: US4.147 cents) and a special final cash dividend of US2.296 cents (2006: Nil). Full-year dividend was US9.406 cents (2006: US8.847 cents) with payout ratio (excluding the financial effect of the CIMC Put Options associated with the CIMC Share Reform) of 56.6% (2006: 56.6%)

- Increasing the momentum of terminal expansion with the total number of terminal berths increased from 115 to 140 and the total number of container berths in operation was 87 with an annual capacity of 47,450,000 TEUs; total container terminal throughput rose by 21.5% to 39,832,964 TEUs, ranking as the fifth largest container terminal operator in the world

- Total container leasing and management fleet increased by 21.5% to 1,519,671 TEUs, ranking as the second largest container leasing company in the world; further improved business operation model and optimised capital structure by the sale of 135,956 TEUs (as amended) of containers and providing after sale management service

- Realigned the business structure with the sale of the 20% shareholding interest in Chong Hing Bank to concentrate our resources on the development of our core businesses

- The Company was cited as one of the “Forbes Global 2000” by Forbes magazine and awarded “Hong Kong Outstanding Enterprises” by Economic Digest for three consecutive years; the Company also won “Best Corporate Governance Award” by The Asset magazine and “Corporate Governance Asia Recognition Awards” by Corporate Governance Asia magazine

- The Company was awarded “Hong Kong In-House Team of the Year” and “Shipping In-House Team of the Year” by Asian Legal Business (ALB), a well recognised professional magazine