Cathay Pacific Airways Limited

For immediate release

29th May, 1998

Cathay Pacific Airways Ltd.

Peter Sutch, Chairman of Cathay Pacific Airways, today announced the appointment of David Turnbull as Deputy Chairman and Chief Executive of the airline. He is currently Managing Director and will take up the position of Deputy Chairman on the retirement of Patrick Tsai on 1st July 1998.

Also announced was the appointment of Philip Chen, Deputy Managing Director of the airline, as Chief Operating Officer, effective 1st July 1998.

James Hughes-Hallett, newly appointed Deputy Chairman of Swire Pacific, will also join the board of Cathay Pacific on 1st July 1998.

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