Update on Pacific Asia’s Market Performance / PATA / Jan 1998

Seats Sold on International Routes – Top Three Pacific Asia Airlines, Jan – Jun 1997 (‘000) Airline 1995 % Change 1996 % Change 1997* % Change Singapore Airlines 5,044 7.2 5,713 13.3 6,019 5.4 Cathay Pacific 4,917 -5.7 5,352 8.8 5,208 -2.7 Japan Airline 4,631 27.9 5,380 16.2 5,568 3.5 *TBA estimate for 1997. Sources: Respective Airlines, Travel Business Analyst. Average Hotel Occupancy (%) in Pacific Asia’s Three Most visited Cities, Jan – Jun 1997 City 1995 % Change 1996 % Change 1997 % Change Hong Kong 79.2 -5.8 86.3 9.0 84.0 -2.7 Singapore 67.9 -15.0 79.9 17.7 80.2 .4 Bangkok 63.5 1.8 70.1 10.4 67.4 -3.9 Upper 4-Star hotels. Sources: Respective hotels, Travel Business Analyst.