1 Cathay Life Insurance Ltd. (Vietnam) 28 Nov 20081

2 Cathay Life Insurance Ltd. (Vietnam) 28 Nov Agenda (A) Engaged Project this month: Products submission status. Policy issued analysis. Overview of Life Insurance Market (Jan ~ Sep 2008). Market Information. (B) Planning Project next month: New products submission. New Branch establishment.

3 Cathay Life Insurance Ltd. (Vietnam) 28 Nov (I) Product Submission Status: A02(Single Endowment), R01(Personal Accident Rider) & R02(Child Accident Rider) have been approved by MOF on Nov 11 th and then have been launched on Nov 27 th. R03(Waiver Rider), R05(Personal Medical Rider) – in process. Declaration Interest Rate: ENGAGED PROJECT THIS MONTH Month7 ~ Rate11% 9%* *estimated

4 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis:( 4 th Jul ~ 21 th Nov)

5 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis:( 4 th Jul ~ 21 th Nov)

6 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 21 th Nov)

7 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis:( 4 th Jul ~ 21 th Nov)

8 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 21 th Nov) Prod Total Annualized Prem. (million) Avg. Annualized Prem. (million) Jul. ~ Sep.Oct. ~ Nov.Total A C C C03 3, C04 2, Tot 6, Average Annualized Premium on the whole market is around $3 mil only.

9 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (II) Policy Issued Analysis :( 4 th Jul ~ 21 th Nov) Prod Total Sum Assured ( in million) Avg. Sum Assured Per Policy (in million) A0127, C C021, C03*21, C0434, Tot86, For C03 here is the Sum Assured at issue. Average SA on the whole market is around $45.4 mil only.

10 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Sep 2008): Premium Income of all in-force polices (in billions) CompanyPremium IncomeMarket Share Prudential [2,813]  3, % Bao Viet [2,396]  2, % Manulife [688]  % Others [835]  1, % Total [4,426]  5, % []: number of premium income in Jan ~ Sep 2007.

11 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Sep 2008): Number of new polices (riders included) CompanyNB in Jan ~ SepIn-force Prudential [350,473]  386,876 3,008,627 Bao Viet [394,502]  282,814 3,248,063 AIG [74,883]  66, ,055 Others [99,539]  152, ,981 Total [919,397]  888,782 7,498,726 []: number of new polices in Jan ~ Sep 2007.

12 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (III) Overview of Life Insurance Market (Jan ~ Sep 2008):(III) Overview of Life Insurance Market (Jan ~ Sep 2008) Total number of life insurers’ agents was about 72,300 (72,700 in the same period 2007). The average insurance amount per new policies was 42.4 millions in 2008 (30.85 million in 2007). The investment products (universal life and unit-link) contributed 15.3% of NB Annualized premium.

13 Cathay Life Insurance Ltd. (Vietnam) 28 Nov ENGAGED PROJECT THIS MONTH (IV) Market information (cont.): HSBC joined forces with the Bao Viet Insurance Corporation to launch a new range of property and key personnel insurance service on November 17. Manulife Vietnam planned to offer life insurance to poor residents in rural areas, aiming at protecting them against some risks in life. VND 30 billion to be compensated for 600 broken-down cars in Hanoi due to the historic floods this month.

14 Cathay Life Insurance Ltd. (Vietnam) 28 Nov PLANING PROJECT NEXT MONTH (I) List of Products will be submitted for approval: PriorityProductsSchedule 1 Waiver Rider (R03) Personal Medical Rider (R05) Start next month 2 Group Term Life Insurance (G01) Group Accident Rider (G02) Group Medical Rider (G03) Critical Illness Waiver Rider (R04) TBA

15 Cathay Life Insurance Ltd. (Vietnam) 28 Nov PLANING PROJECT NEXT MONTH ( Ⅱ ) New Branch Establishment: 芹苴 Can Tho Da Nang is the high industrialized zone in the Middle of VN with its population is around 800,000 people and GDP per capital ~ US$1,350 (2007). Will be open around 4 th working month Can Tho is the nerve-centre of the Mekong delta of VN with its population ~ 1.15 mil people and GDP per capital ~ US$1,270 (2007). Will be open 4 ~ 6 months after Da Nang established.

16 Cathay Life Insurance Ltd. (Vietnam) 28 Nov Thank you!