2.04 1.97 20.2 3.2 64.4 73.3 30.4 2,209 1,917 30.2 22.6 7.8 4.5 16.3 0.8 17.3 113.2 29.7 28.7 Presentation: Completing the regional and wealth management platform

5 400 800 1200 1.5 2 2.5 S million Net interest income Net interest margin gross basis

2.00 2.04

989 1,046 1,046

2.07 1.97

993 1H99 2H99 1H00 2H00 1H01 962 1.78 6 strengthens ability to fund lending growth

23.7 20.2

17.8 8.1

7.2 3.2

10 5 5 10 15 20 25 30

63.4 64.4

66.1 73.3

115.9 97.5 20 40 60 80 100 120 140 1996 1996 1997 1997 1998 1998 1999 1999 2000 2000 1H01 1H01 Net Interbank Placement Asset Net Interbank Placement Asset 1996 1996 1997 1997 1998 1998 1999 1999 2000 2000 1H01 1H01 Loan Deposit Loan Deposit 7 S million Change in Gross Loans 56,083 54,166 56,219 58,438 61,404 59,195 45,404 16,420 30000 60000 90000 -3000 3000 6000 9000 12000 15000 18000 -10 -5 5 10 15 20 25 30 35

10.7 30.4

4,373 13,791

3.7 2,209

-4.8 2,966 -3.8 2,219 -3.7 2,053

3.5 1,917

Jun 98 Jun 98 Dec 98 Dec 98 Jun 99 Jun 99 Dec 99 Dec 99 Jun 00 Jun 00 Dec 00 Dec 00 Jun 01 Jun 01 Dao Heng Dao Heng Jun 98 Jun 98 Dec 98 Dec 98 Jun 99 Jun 99 Dec 99 Dec 99 Jun 00 Jun 00 Dec 00 Dec 00 Jun 01 Jun 01 Outstanding Gross Loans 72,503 8  Top line earnings impacted by weaker economic conditions and adverse competitive environment  Focus on other non-interest income bolsters results  Expenses peaked amidst repositioning activities  Improved asset quality and strong capital position  Completing the regional and wealth management platform management platform 9 S million S million Investment banking 42 56 39

7.1 30.2

Stockbroking 47 31 24

48.9 22.6

Trade-related 38 37 40

5.3 7.8

Fund management 37 25 35

5.4 40.0

Deposit-related 23 37 43

87.0 15.3

Loan-related 24 27 28

16.7 4.5

Others 49 36 42

14.3 16.3

Total fee income 260 249 251

3.7 0.8

Fee to income ratio

17.5 17.3

16.4 1998 – 2000

Fee Income CAGR: 36.2 1H00 2H00 1H01 1H01 1H00 1H01 2H00 10 S million Foreign exchange 52 67 112 115.4 67.2 Gains on securities derivatives trading 55 - 102 85.5 - Gains on investment securities 8 33 16 100.0 - Gains on fixed assets 4 5 26 550.0 420.0 Other income 20 24 19

5.0 20.8

Total 139 129 275

97.6 113.2

1H00 2H00 1H01 1H01 1H00 1H01 2H00 11 strong returns Dec 98 Dec 98 Dec 99 Dec 99 Dec 00 Dec 00 Jun 00 Jun 00 Non-interest income to Operating Income Non-interest income to Operating Income Excluding gains on disposal of non-core assets Excluding gains on disposal of non-core assets

37.1 29.7

30.4 28.7

23.8 Jun 01 Jun 01 12 S million Sales Volume 100 200 300 400 500 600 700 800 900 314 558 322 2H99 1H00 2H00  Investment products include Horizon, Ei8ht, Up and other DBSAM programs Investment products 1H01 611 Insurance 15 222 180 573 573 544 544 791 791 13 S b S Current accounts 5.6

5.8 6.0