Kerry Properties : Form of Proxy for Special General Meeting

(Incorporated in Bermuda with limited liability)

website: www.kerryprops.com

(Stock Code: 683)

FORM OF PROXY FOR SPECIAL GENERAL MEETING

I/We(Note 1)...............................................................................................................................................

of .........................................................................................................................................................

being the registered holder(s) of(Note 2)...................................................... ordinary shares of HK$1.00 each ("Shares") in the capital of Kerry Properties Limited (the "Company") HEREBY APPOINT(Note 3)the Chairman of the SGM (as defined below) (Note 4)who represents .......................................... Shares held by me/us)(Note 3)and/or ..........................................

of .........................................................................................................................................................

(Note 4)who represents .......................................... Shares held by me/us)(Note 3)and/or ..........................................

of .........................................................................................................................................................

(Note 4)who represents ........................................... Shares held by me/us), as my/our proxy(ies) to vote for me/us at the special general meeting of the Company to be held at Island Ballroom, Level 5, Island Shangri-La Hotel, Pacific Place, Supreme Court Road, Central, Hong Kong on Friday, 31 May 2019 at 11:00 a.m. (or at any adjournment thereof) (the "SGM") in respect of the resolution as hereunder indicated or, if no such indication is given, at the discretion of my/our proxy(ies).

To confirm, ratify and approve the Sale and Purchase Agreements and the Transactions (both as defined in the circular of the Company dated 3 May 2019) and to authorise the board of directors of the Company to take all such actions as it considers necessary or desirable to implement and give effect to the Sale and Purchase Agreements and the Transactions.

Notes:

1.Please insert full name(s) and address(es) in BLOCK CAPITALS.

2.If no number is inserted, this form will be deemed to relate to all the Shares registered in your name(s).

3.Every member entitled to attend and vote at the SGM is entitled to appoint up to two individuals as his proxies. A proxy need not be a member of the Company.

4.If you appoint more than one proxy to represent you, please also insert the number of Shares which each proxy represents and the name of the proxy.

5.IMPORTANT: IF YOU WISH TO VOTE FOR THE RESOLUTION, TICK IN THE BOX MARKED "FOR". IF YOU WISH TO VOTE AGAINST THE RESOLUTION, TICK IN THE BOX MARKED "AGAINST".Failure to complete the boxes will entitle your proxy(ies) to cast his/their vote(s) at his/their discretion. A tick in the relevant box indicates that the votes attached to all the Shares stated above as held by you will be casted accordingly and a number in the relevant box indicates that the votes attached to the number of Shares referred to in the box will be casted accordingly.

6.This form must be signed by you or your attorney duly authorized in writing, or, in the case of a corporation, must be either under seal or under the hand of an officer or attorney duly authorized.

7.To be valid, this form, together with the power of attorney or other authority (if any) under which it is signed, must be deposited at the Company's branch share registrar and transfer office in Hong Kong, Tricor Abacus Limited, at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, not less than 48 hours before the time appointed for holding the SGM.

*for identification purpose only