Kowloon Development Company Limited — Proxy Solicitation & Information Statement 2009

Mar 31, 2009

The Bank of East Asia, Limited

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(Incorporated in Hong Kong with limited liability in 1918)

(Stock Code: 23)

Supplemental Proxy Form (90th Annual General Meeting to be held on 16th April, 2009)

I/We[1]

of

being the registered holder(s) of 2 shares of HK$2.50 each in The Bank of East Asia, Limited hereby appoint the Chairman of the Meeting or[3] of

as my/our proxy to attend and vote[4] for me/us and on my/our behalf at the 90th Annual General Meeting of the Bank to be held in the Ballroom, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway Road, Hong Kong on Thursday, 16th April, 2009 at 10:30 a.m. and at any adjournment thereof and to vote for me/us as indicated below:

	Item to be passed pursuant to the Supplemental Notice ofAnnual General MeetingForAgainst10.To appoint Mr. Kwok Siu Man as an independent non-executive director,such appointment to be conditional upon the Bank receiving the writtenconsent from the Hong Kong Monetary Authority.

Dated this day of 2009.

Signature of Shareholder :

Full Name :

Notes:

1. Full name(s) and address(es) to be inserted in block capitals.

2. Please insert the number of shares registered in your name(s). If no number is inserted, this form will be deemed to relate to all the shares in The Bank of East Asia, Limited (the “Bank”) registered in your name(s).

3. If you wish to appoint a proxy other than the Chairman of the Meeting, please delete the words “the Chairman of the Meeting or” and insert the name and address of the person you wish to appoint in the space provided. Completion and delivery of the supplemental proxy form will not preclude you from attending and voting in person at the meeting. In such event, the instrument appointing a proxy shall be deemed to be revoked.

4. Please indicate with a “√” in the appropriate box beside the resolution how you wish the proxy to vote on your behalf. In the absence of any such indication, the proxy will vote for or against the resolution or will abstain at his discretion.

5. In the case of joint Shareholders, the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the vote(s) of other joint holder(s) and for this purpose seniority shall be determined by the order in which the names stand in the Register of Members.

6. This supplemental form of proxy must be signed by you or your attorney duly authorised in writing. In the case of a corporation, this form must be executed under seal or under the hand of an officer or attorney duly authorised.

7. To be valid, this supplemental form of proxy together with the power of attorney or other authority (if any) under which it is signed or a notarially certified copy thereof must be deposited with Tricor Standard Limited, 26/F., Tesbury Centre, 28 Queen’s Road East, Hong Kong, not less than 48 hours before the time for holding the meeting or adjourned meeting.

8. Any alteration made to this supplemental form of proxy must be initialled by the person who signs it.

9. This supplemental proxy form is intended to be used for resolution no. 10 set out in the supplemental notice of the Annual General Meeting to be convened on Thursday, 16th April, 2009 and only serves as a supplement to the original form of proxy for the Annual General Meeting. For resolutions no. 1 to 9, please use the proxy form dispatched together with the circular of the Bank dated 13th March, 2009.