CET1 ratio of 13.5% is

in the middle of the 13-14% target range

Cost growth fat, cost to income ratio of 4% with positive jaws

2019 HALF YEAR RESULTS All fgures are year on year comparisons, unless otherwise stated *constant currency

OVERVIEW

*Income up 4% and Strategic priorities: network underlying proft and affuent-client income

up 13%* in up, productivity improving, turbulent markets digital initiatives underway

GROUP PERFORMANCE Let’s look at the numbers

Operating income of

$7.7bn up 4%*

CET1 ratio of 13.5% is

in the middle of the 13-14% target range

Credit impairment 13% lower

STRATEGIC PRIORITIES

Return on tangible equity improved 88 basis points

to 8.4%

Cost growth *fat, cost to

income ratio of 4% with positive jaws

Income growth in our client segment of 6%*

Interim dividend of 7cents per share declared; a 17% increase

• Deliver our network: income from corporate and institutional clients increased 9% • Income from affluent individual clients grew 5% • Aggregate pre-tax profit in targeted markets – India, Indonesia, UAE and Korea – up 14% • Granted our virtual bank licence in Hong Kong: announced partnership with Ctrip, PCCW and HKT

• Launched new digital-only banks across seven markets in Africa

HERE FOR GOOD

Leading on sustainable fnancing across emerging markets

• Launched first emerging markets-focused Sustainability Bond: 7x oversubscribed • World’s first sustainable deposit for corporate and institutional clients, financing sustainable assets in emerging markets • Mapped our sustainable activities to the UN sustainable development goals

BUSINESS HIGHLIGHTS

CORPORATE & INSTITUTIONAL BANKING

Serving over 5,000 large corporations, governments, banks and investors

Income up 5%, with a strong growth in network income as more clients use our unique network to trade and invest. The frst half saw a strong performance from Financial Markets and Transaction Banking.

PRIVATE BANKING

Helping over 8,000 high-net-worth individuals manage, preserve and grow their wealth

Private Banking attracted $1.7 billion net new money and income grew 13%, driven by Wealth Management and Deposits.

REGIONS AT A GLANCE

ASEAN & SOUTH ASIA

Income 3% higher, with growth in most markets and in particular Singapore, Bangladesh and India. Financial Markets and Transaction Banking income grew at a double-digit rate, partly offset by lower income in Treasury.

Real time on-boarding for credit cards and personal loans in India and Singapore.

AFRICA & MIDDLE EAST

Lower income in the UAE and South Africa was partly offset by higher income in Nigeria.

Launched new digital-only banks in Tanzania, Uganda, Ghana, Kenya, Botswana, Zambia and Zimbabwe.

Launched SC keyboard – enabling easy mobile payments.

RETAIL BANKING

Serving over nine million individuals and small businesses

Retail Banking income was down 1%. The less buoyant market conditions in Wealth Management, relative to the frst half of 2018, were offset by continued growth in income from Deposits.

COMMERCIAL BANKING

Supporting over 45,000 local corporations and medium-sized enterprises across Asia and AME

Commercial Banking income grew 6%, with growth across all regions predominately from increased balances and margins within Cash Management.

GREATER CHINA & NORTH ASIA

Income declined 1% with a lower contribution from Treasury and Wealth Management. This was partly offset by the beneft of interest rate rises on income from Cash Management and Retail Deposits.

Virtual bank preparations underway in Hong Kong.

EUROPE & AMERICAS

Income down 9% lower – Treasury income was offset by increased income from Cash Management.