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					          Credit Suisse
Asian Investment Forum, HK
    -FFHC 2008 Preliminary


                   24-26 March 2009
                                                                                           Disclaimer
    This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information
    contained within is not reviewed or reviewed by any accountant or any independent third party.
    Users should read this material in conjunction with all other public financial and operational
    information filed to the competent authorities by FFHC. While we endeavor to provide accurate,
    complete and consistent information herein, FFHC makes no guarantee or warranties as to the
    accuracy or correctness of all the material contained. After this presentation is released to the public,
    we undertake no obligation to update any relevant data to reflect any change hereafter.

    Users should also notice that this presentation may contain forward-looking statements. Statements
    that are not historical facts, including statements relating to the implementation of strategic initiatives,
    future business development and economic performance are forward-looking statements. By their
    nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that
    could cause actual developments and results to differ materially from our statement in this
    presentation. These factors include, but not limited to, regulatory developments, competitive
    conditions, technological developments, general economic conditions and management changes.

    The information, statements or opinions in this presentation do not constitute a public offer under any
    applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial
    instruments or any advice or recommendation respect to such securities or other financial
    instruments. First Group and all its affiliates representatives, no matter for their negligence or any
    other reasons, should not be liable for any loss or damages arising from the use of or interpretation
    by others of information contained within this presentation or any matter related to this document.




2
                              Contents

    - Financial Highlights

    - Asset Quality Reviews

    - Operating Results

    - Appendix




3
2008 Financial Highlights
            -preliminary
                    4Q 2008 Financial Highlights



    Net Income             Total Asset
      (in NT$ mn)            (in NT$ mn)


     -40.6%                  11.6%

       7,412                1,846,522
     07: 12,485             07: 1,654,461



       EPS                    ROAE
       (in NT$)


     -41.5%                   -40.1%

       1.20                    7.25%
       07: 2.05               07: 12.11%


5
                                                                                                 2008 Key Figures
     4Q08 Earnings Breakdown1 ( in NT$ mn)                     Key Figures        ( in NT$ dollar, NT$ mn, mn shares or %)


                        Insurance                                                                                                       YoY %
                                                                                                 2006           2007          2008
                     NT$(327); -4.4%
                                                                Net Income                     10,662         12,485        7,4121        40.6%
       Investment Trust                    Others
    NT$169; 2.3%                       NT$(31); -0.4%
                                                                Total Assets               1,600,903 1,654,461 1,846,522                  11.6%
                                                                EPS                               1.79           2.05          1.20       41.5%

                                                                Book per share                   16.94          17.48         16.14        7.7%

                                                                Capital Stock                  59,722         60,916        61,647         1.2%

                                                                ROAE                          11.08%         12.11%         7.25%         40.1%

                                                                ROAA                            0.68%         0.79%         0.42%         46.8%

                                                                Group CAR2                   119.35%       109.54% 120.21%                 9.7%

                                         Banking                Double Leverage3              97.07%         98.43% 102.47%                4.1%
           Securities
                                     NT$8,217; 110.9%
       NT$(616); -8.3%                                          Debt Ratio4                    4.90%          4.83%         4.96%          2.7%

    1. Based on the classification of specific company’s business units, financial information by business segments should be listed individually.
    2. CAR is updated semi-annually
    3. Double Leverage = Long-term Equity Investment / Shareholder Equity
    4. Non-consolidated basis
6
2008 Asset Quality Review
                     -FCB
                                                                             FCB 4Q08 Asset Quality
     NPL Amount, Reserve, Coverage (in NT$ mn or % )

              Coverage Ratio          NPL Ratio             NPL              NPL Reserve


          1.65%        1.57%        1.63%                     1.64%
                                                 1.55%                         1.50%        1.49%                                  1.45%
                                                                                                         1.40%        1.36%




         50.40%        52.15%       50.66%       52.82%       51.38%          53.84%        54.18%      54.67%       55.00%        55.34%




       15,551        15,406       16,137       15,956       17,080           16,234       15,761       15,293       15,644       16,916

                                                    8,428            8,776        8,740        8,539        8,740        8,539        9361
             7,837        8,035        8,174


          9M 06        2006         3M 07        6M 07        9M 07            2007         3M 08        6M 08        9M08         2008

    1. As of end of December 2008, NPL ratio was 1.54%, coverage ratio was 69.48% for overall banks in Taiwan (data from www.banking.gov.tw )
    2. Unaudited figures
8
                                                            NPL Migration by Sectors


                                               4Q07         1Q08    2Q08    3Q08    4Q08


                Individual1                    1.41%        1.52%   1.42%   1.44%   1.47%

                Mortgage2                      1.21%        1.28%   1.24%   1.26%   1.30%

               Large Corp.                     1.66%        1.66%   1.82%   1.60%   1.54%

                    SME                        2.36%        2.12%   2.00%   2.00%   2.00%

                 Domestic                      1.65%        1.63%   1.54%   1.47%   1.43%

                 Overseas                      0.53%        0.54%   0.51%   0.75%   1.53%

                    Total                      1.50%        1.49%   1.40%   1.36%   1.45%

    1. Individual mortgage and non-mortgage loan included
    2. Unaudited figures
9
               Exposure to troubled financial institutions

        Institutions        Product       Amount        Provision
                                          (in NT$ BN)   (in NT$ BN)
     Iceland
        Lehman Brothers     Loan          1.40          1.10




        Washington Mutual   Bond          0.33          0.27




        Icelandic banks     Loan + Bond   2.80          2.65




10
                                                                 New NPL Influx Breakdown
        NPL (in NT$ mn

         Item                                         2007         2008       Item                                       2007             2008

                                                                              Year-end NPL Bal.                      16,234           16,916
         New NPL Influx                              5,738         6,420
                                                                              Write-off - Domestics                   4,630               3,599
         Total Loan                               1,079,911    1,169,534
                                                                              Write-off - Overseas                        280             2,139
         Ratio                                       0.53%        0.55%       Total Write-offs                        4,910               5,738



       New NPL Influx ( in NT$ mn or %)

          Write-off          New NPL Influx          New NPL Influx / Total Loan                                                 0.36%

                                                                 0.24%
                                      0.19%
                                                                                                                                         4,262
            0.10%                                                                                                 0.11%
                            0.06%                    0.08%
                                                                            0.05%        0.04%        0.04%                       2,991
                                                                   2,506
                                          1,886
                                     1,155                     1,382       1,349                                         1,297
          782 941     750                          1,024 843                             919          883          945
                               606                                                 503         446          415


            3Q06            4Q06       1Q07          2Q07        3Q07        4Q07         1Q08         2Q08         3Q08            4Q08

     1. Unaudited figures

11
2008 Operating Results
         - preliminary
                                                                                2008 Operating Results
      2008 Consolidated Income & Loss                      (in NT$ mn)

                44,973


                                             (17,129)
                                                                       Insurance 11,541

                                                                            Bank 7,125

                                                                            (18,666)                   (2,080)                       7,098
                                 1                                                     2
              Net Revenue                    Operating                    Provision                  Income Tax                    Net Income
                                             Expenses

      2007 Consolidated Income & Loss                      (in NT$ mn)




                   39,831
                                             (16,895)
                                                                          (6,064)
                                                                                                     (4,022)                    12,850

                Net Revenue                  Operating                   Provision                 Income Tax                 Net Income
                                             Expenses

     1. Subsidiary First-Aviva commenced operation in Jan 2008; 2008 FFHC operating results included First-Aviva insurance net revenue NT$11,105 mn.
     2. Provisions = Provision for Loan Loss NT$7,125 mn + Provision for Insurance Obligations NT$11,541 mn
     3. Unaudited figures
13
                                                                              Profitability
                                                    2008 FFHC & Major Subsidiaries
     FFHC Net Income (in NT$ mn )                   FCB Net Income (in NT$ mn)

     Total Asset: 1,846,522 Total Equity: 100,131   Total Asset: 1,811,940 Total Equity: 89,491

       ROAE1 7.25%                                   ROAE1 10.00%




                                                                        -25.49%
                               -42.32%




              12,850
                                                                                  8,961
                                                            12,026
                                      7,412




                2007                  2008                   2007                  2008


     1. Annualized ROAE
     2. Unaudited figures
     3. Minority interests excluded

14
                                                                                                            Profitability
                                                                             2008 FFHC & Major Subsidiaries
     First Sec Net (in NT$ mn )
       First Securities Net (in NT$ mn )             FSITC Net (in NT$ mn )                       First-Aviva4 Net (in NT$ mn )

      Total Asset: 12,921                            AUM: 85,001
      Total Equity: 6,263                            AUM Ranking: 7
      ROAE (9.39 %)                                  ROAE 17.1 %
                                                                                                                    9,022

                                                                                                                        FFHC 51%
                                                                                                                        5,886


            1,100
                                                           234

                                                                               169
                                                                                                                2008
                                                                                                                8,961
                                 (617)
                                                                                                                            FFHC 327
            2007                  2008                   2007                  2008                             (641)       Aviva 314




       1. Annualized ROAE
       2. Unaudited figures
       3. Minority interests excluded
       4. Joint venture of First-Aviva, FFHC claims 51% while Aviva claims 49% of its operating results

15
                                                                                       FFHC Profitability
        Quarterly Net Income (in NT$ mn)
                 Net Income




                                                               4,418
            3,219        3,219                                                     3,451
                                        2,955        2,494               2,618               2,732     2,073     (844)


           3Q 06         4Q 06         1Q 07         2Q 07     3Q 07     4Q 07     1Q 08     2Q 08     3Q 08     4Q08


        Annualized ROAE               (%)

                  Cumulative Net Income                Annualized ROAE

                                                               12.83%     12.11%    12.81%   12.34%
                          11.08%            11.53%   10.85%                                             10.68%
             9.95%                                                                                                7.25%
                                                                9,867     12,485
                          10,662                                                                        8,256
              7,183                                    5,449
                                                                                                                   7,412
                                                                                               6,183
                                            2,955                                   3,451
              9M 06         2006            3M 07     6M 07     9M 07      2007     3M 08     6M 08     9M 08      2008

     1. Unaudited figures
     2. Minority interests excluded
16
                                                                                 FCB Profitability
     Quarterly Net Income (in NT$ mn )
               Net Income




              3,185         3,306    2,701    3,064     3,644    2,617    3,530     3,418     2,074

                                                                                                      (61)

             3Q06          4Q06     1Q07     2Q07      3Q07     4Q07     1Q08      2Q08      3Q08     4Q08


     Annualized ROAE ( % )
               Cumulative Net Income         Annualized ROAE

                                                                         15.37%    15.37%%
                                                      14.28%    13.60%                       13.37%
            12.33%         13.32%            12.23%
                                    12.23%
                                                                                                      10.00%
                           10,918                      9,409    12,026
              7,612                                                                          9,022    8,961

                                              5,765                      3,530     6,948
                                    2,701
             9M 06          2006    3M 07    6M 07     9M 07     2007    3M 08     6M 08     9M 08    2008

     1.Unaudited figures

17
                                                                                                FCB 2008 Revenue
       2008 Cumulative Net Revenue (in NT$ mn or %)                 % of Cumulative Net Revenue
                                                                     Item                                    2007            2008       Change
                                                                     NII                                    61.4%           73.5%        +12.1%
                                                32,577               Net Fee                                19.2%           15.5%         - 3.7%
                                   -9.3%                             Recovery                                8.4%            7.8%         - 0.6%
                    35,936
                                                                     Gain on other fin. pr.1                 4.6%            -1.2%        - 5.8%
                                                                     Others                                  1.3%            2.3%         +1.0%
                                                                     Gain on LT stock    invest.1            4.0%            2.7%         - 1.3%
                                                                     Gain on ST stock invest.1               1.1%            -0.6%        - 1.7%
                    2007                        2008                 Cumulative Net Revenue                100.0%           100.0%
                     Cumulative Net Revenue                                  z

       FCB 2008 Cumulative Net Revenue Breakdown ( in NT$ mn)
                     23,954
           22,056
                         8.6%   6,884   5,041

                                                                                                                  2,522
                                        26.8%                                    885                      3,019                           2
                                                  413               1,442               1,643   (374)               16.5%     479     749
                                                          (200)
            2007         2008   2007    2008      2007   2008         2007       2008   2007     2008      2007     2008      2007     2008
                                  Net Fee          Gain on ST
                   NII                                                Gain on LT        Gain on other       Recovery             Others
                                  Income          stock invest 1    stock invest. 1     fin product 1

     1. Starting from 3Q07, original item of Gain on securities, Gain on Securities Valuation, Net F/X Gain are further classified as Gain on Short-
        term Stock Investment, Gain on Long-term Stock Investment, and Net Gain on other financial products
18   2. Including channel fee for bancassurance, all numbers are unaudited figures
                                                                       FCB 2008 Loan Book Mix
      2008 Loan Book1            (in NT$ bn or %)                     % of Loan Book1
                                                                       Item                            2007         2008         Change
                                                1,150.3
                                                                       Consumer                      29.2%         28.1%              - 1.1%

                                  +8.6%                                   Mortgage                   28.4%         27.4%              - 1.0%
                  1,059.2                                                Other Consumer Loan          0.8%          0.7%              - 0.1%
                                                                       Corporate Banking             70.8%         71.9%              + 1.1%
                                                                          Commercial Loan            42.6%         40.3%              - 2.3%
                                                                          F/X Loan                   17.4%         18.5%              +1.1%
                  2007                           2008                     Gov./SOE Loan              10.8%         13.1%             + 2.3%
                                           1
                            Loan Book                                  Loan Book1                   100.0%       100.0%

       2008 Loan Book1 Breakdown (in NT$ bn )
                                                                                                  467.7
                                                                                       451.2
                         313.2                                                                     5.6%


             301.1        4.0%                                                                                                212.0
                                                                          149.2         SME2      SME2
                                                                                                                184.7         14.8%
                                                                              30.7%     328.3     341.5
                                          7.9        8.2       114.3
               2007      2008           2007        2008       2007           2008       2007      2008          2007         2008
                                           Other                                         Commercial
                Mortgage                                      Gov./SOE Loan                                        F/X Loan
                                       Consumer Loan                                       Loan
     1. Loan Book not Including import/export negotiation & NALs
     2. SME as defined by the “Act for Development of Small & Medium Enterprises; both NTD & Foreign currency loan included
19   3. Unaudited figures
                              Major Exposures to Specific Industries

       % of Loan to industries

           Total Domestic Loan Bal.1: 1,033,229 mn




                            Manufacturing
                                                                          Real Estate
                               28.27%                    Tech.
                                                          7.72%              2.86%

                               Tech.
                       Petro-chemical
                                  7.72%              TFT-LCD      DRAM
                              5.91%
                                                      2.19%       1.45%
                           Petro-chemical
                                  5.91%
                                                                          Construction
                                                                             2.13%




     1. OBU and overseas balance excluded
     2. Unaudited figures
20   3. As end of 2008
                                                                          FCB 2008 Total Loan & NIM
       Total Loan & LDR               (in NT$ bn or % )
                                                                                                             84.68%    84.54%
                                                                                        83.89%
                Total   Loan1         LDR2                              82.34%                     82.35%                        82.93%
                                                       80.73%
         77.85%          78.25%         78.94%



                                                                                                                                 1,169.5

                           980.1           992.4         1,030.5         1,042.3         1,079.9                       1,147.4
            940.2                                                                                  1,060.0   1,092.4


            3Q06           4Q06            1Q07            2Q07           3Q07           4Q07       1Q08      2Q08      3Q08      4Q08

       Quarterly NII / Spread / NIM ( in NT& mn or % )
                Quarterly NII          Spread3           NIM3        Industry Spread4
            2.05%         2.04%                                                                     2.02%
                                                                                         1.98%                1.96%
                                          1.93%            1.90%          1.94%                                        1.92%      1.91%

            1.85%                         1.70%           1.68%           1.75%         1.74%       1.70%    1.69%     1.66%
                          1.77%

                                                                                                    1.61%    1.59%      1.56%    1.55%
            1.51%         1.51%            1.47%          1.45%         1.47%            1.50%

                                                                                          5,976      6,002
                             5,183                                         5,573                              5,921      6,047    5,984
             5,158                          5,175           5,217

             3Q 06          4Q 06           1Q 07          2Q 07           3Q 07          4Q 07     1Q 08     2Q 08      3Q08      4Q08


     1. Total Loan = loan + import/export negotiation + NALs
     2. LDR = Total loan / Total deposit (total deposit includes post office deposit)
     3. Annual cumulative Average Spread and NIM
21   4. Data from Central Bank website
                                 FCB 2008 Net Fee Income Breakdown
       2008 Cumulative Net Fee Income (in NT$ mn or %)                  % of Cumulative Net Fee
                                                                        Item                          2007      2008      Change
                                                                        WM1                          65.2%    46.6%        - 18.6%
                                              5,041
                     6,884                                              F/X                          14.0%    21.0%         +7.0%
                                 -26.8%
                                                                        Other                        10.9.%   15.8%         +4.9%
                                                                        Loan-related                  6.8%    11.7%         +4.9%
                                                                        Credit card                   3.1%     4.9%         +1.8%
                  2007                        2008
                             Net Fee Income                             Cumulative Net Fee       100.0%       100.0%

       2008 Cumulative Net Fee Breakdown ( in NT$ mn )

            4,486


                        2,350

                      23.7%
                        47.6%                                                 1,063
                                                  577                                                          750         806
                                      471                        966          20.4%
                                                                             3.0%      211           245
              2007       2008          2007     2008            2007         2008       2007    2008          2007        2008
                  WM Fee     1         Loan-related                    F/X             Credit Card              Other 2


     1. WM Fee = Custodian Fee + Trust-related Fee + Bancassurance Fee
     2. Other represents Network Services Fee, including overseas branches                                                 2
22   3. Unaudited figures
                                                  FCB 2008 Cost-to-Income Ratio
     1H08 Operating Expense (in NT$ mn )
       2008 Cumulative Operating Expense (in NT$ mn )                      % of Cumulative Cost-to-Income Ratio
                                              14,445                       Item                             2007            2008       Change

                                                                           Net Revenue                 100.0%          100.0%
                                 +3.01%
                    14,023                                                 Operating Expense           - 39.0%         - 44.3%           +5.3%

                                                                           Provision                   - 16.9%         - 21.9%           +5.0%

                                                                           Income Tax                   - 9.5%             - 6.3%        -3.2%
                    2007                       2008
                                                                           Net Income                   34.6%              27.5%         -7.1%
                        Operating Expense

       Quarterly Operating Expense & Cost-to-Income Ratio ( in NT$ mn or % )
              Net Revenue              Operating Expense         Cost-to-Income Ratio
                                                                                                                                    52.13%
                                                                           43.34%                                  45.26%
           41.15%                    40.94%                                             40.05%      41.18%
                        38.48%                    38.03%       36.35%

                                                               9,902
                        8,878                     9,116                     8,682       9,177       8,936          8,082
           8,262                     8,234
                                                                                                                                   6,382
               3,400         3,416                                 3,599       3,763        3,763      3,675   1
                                                                                                                      3,680   1
                                                                                                                                       3,3271
                                          3,371        3,467



              3Q06           4Q06       1Q07          2Q07        3Q07         4Q07        1Q08        2Q08           3Q08            4Q08

     1. Effective from Jan.1 ‘08, employee bonus is recorded as expense in Taiwan. An employee bonus of NT$370 mn is included in 2008.
     2. Unaudited figures
23
       FFHC CAR & Credit Rating 1
                                                                                    CAR & Credit Rating
      FFHC Group CAR & Credit Rating1
      S & P: BBB- / A-3/ Stable
      Twn Ratings: twA+/twA-1/Stable
      Moody’s: Baa1        122.05%
                                                               119.35%
                                                117.59%                                                                CAR
              113.77%                                                                                           120.21%
                                                                                     109.54%
                                                                          107.81%
                                                                                                103.60%

                                                                                                                statutory ratio 100%
                1H 05




                                2H 05




                                                    1H 06




                                                                 2H 06




                                                                            1H 07




                                                                                        2H 07




                                                                                                   1H 08




                                                                                                                2H08
     FCB CAR & Credit Rating
       S & P: BBB+ / A-2/ Stable / C+
       Twn Ratings: twAA-/twA-1+/Stable
       Moody’s: A3
                                                               11.00%                10.80%     10.76%     10.88%
                 10.35%         10.24%            10.50%                  10.54%
                                                                                                                    CAR

                                                                                                                    statutory ratio 8%
                   7.85%        8.33%                8.36%      8.38%                                                Tier 1
                                                                                      7.30%     7.03%               7.10%
                                                                           6.90%
                        2H 04




                                        2H 05




                                                       1H 06




                                                                  2H 06




                                                                            1H 07




                                                                                       2H 07




                                                                                                 1H 08




                                                                                                             2H08
     1. Refers to FFHC credit rating
     2. CAR is updated semi-annually
24
                                                                                                  Shareholder Return
      FFHC Earnings Per Share                    ( in NT$ dollar )

                                                                                              2
                                                                1.86                   2.43                                            2.05
              EPS1                                                                                             1.79
              Dividend
                                                                1.25                   1.50                    1.20                    1.82




                                             1
                                     (2.57)
                                       2003                     2004                   2005                    2006                    2007

      FFHC Dividend History                ( in NT$ dollar )

                                        2003                     2004                   2005                      2006                 2007

         Cash dividend                  0.00                     0.75                   1.25                      1.00                 1.70

         Stock dividend                 0.00                     0.50                   0.25                      0.20                 0.12

         Total dividend                 0.00                     1.25                   1.50                      1.20                 1.82

         Payout ratio                   0.00%                    67.20%                 61.73%                    67.04%               88.78%


     1. Subsidiary First Bank wrote off NT$39 bn in 2003
     2. In 3Q2005, FFHC received a one-time disposal gain of NT$5.4 bn for the sale of subsidiary Mingtai P&C. If including the one-
        time disposal gains, FFHC net income and EPS for 2005 were NT$14.2 bn and NT$2.43 respectively. If excluding the one-time
        disposal gains, FFHC net income and EPS were NT$8.8 bn and NT$1.51 respectively
25
Appendix
                                                                    FFHC consolidated Income Statement
     FFHC's Financial Results Summary
     FFHC Consolidated Income Statement Summary
     in NT$ million, NT$, or %
                                                              Full Year Results                          2008 Quarterly                      Year-over-Year Comparison
                                                            2005       2006          2007    Q1          Q2          Q3          Q4             2007       2008     Change
       Interest income                                 37,979       43,428        49,354     12,728      12,222      12,680      12,428      49,354     50,058       1.43%
       Less: Interest expenses                        (17,794)      (22,746)      (26,963)   (6,608)     (6,169)     (6,500)     (6,334)     (26,963)   (25,611)     -5.01%
     Net interest income                               20,185       20,683        22,392      6,119       6,053       6,181       6,094      22,392     24,447       9.18%
       Net service fee & commission                     5,104        6,032         8,769      1,677       1,917       1,496       1,199       8,769      6,289      -28.28%
       Net Insurance revenue                                  0           0             0      524        3,293       4,321       2,967            0    11,105           --
       Gain on financial assets measured                1,142        1,801         2,825     (1,779)       363        1,260        (594)      2,825       (750)    -126.55%
        at fair value through P/L
       Gain on AFS financial assets                         340        395           770       192         283         231            18        770        724       -6.03%
       Gain on HTM financial assets                           0           8           11            3           3          2           (1)       11           7     -33.68%
       Income from equity invest.                           297        434           322          47          25           (8)        (67)      322          (3)   -100.93%
       Net gain on F/X                                  1,483          881           298      2,536        (113)     (1,714)       261          298        970     226.05%
       Others                                           4,585        4,344         4,355       779         914        1,097        (606)      4,355      2,184      -49.86%
     Net non-interest income                           12,950       13,895        17,349      3,981       6,683       6,685       3,177      17,349     20,526      18.31%
     Net revenues                                      33,136       34,577        39,741     10,101      12,736      12,865       9,271      39,741     44,973      13.17%
     Provision for credit losses                       (4,334)       (4,736)       (6,062)     (857)       (789)     (1,650)     (3,830)      (6,062)    (7,125)    17.55%
     Reserve for insurance                                    0           0             0      (516)     (3,302)     (4,332)     (3,391)           0    (11,540)
     Operating expenses                               (16,392)      (15,949)      (17,008)   (4,196)     (4,883)     (4,160)     (3,890)     (17,008)   (17,129)     0.71%
     Other expenses                                           0           0             0           0           0          0           0           0          0          --
     Income from continued op. before tax              12,410       13,892        16,671      4,531       3,762       2,725      (1,840)     16,671      9,178      -44.95%
     Incmoe tax expenses                               (3,627)       (3,883)       (4,187)   (1,104)     (1,074)       (688)       785        (4,187)    (2,080)    -50.32%
     Income from continued op. after tax                8,783       10,009        12,485      3,428       2,688       2,035      (1,055)     12,485      7,098      -43.15%
     Income from discout. op.,net of tax                5,392             0             0           0           0          0           0           0          0          --
     Cummulative effect of change                             0        653              0           0           0          0           0           0          0          --
      in accounting principle
     Consolidated net income                           14,175       10,662        12,485      3,428       2,688       2,035      (1,055)     12,485      7,098      -43.15%
          1
     EPS (NT$)                                              2.33       1.75          2.05      0.56        0.45        0.33       (0.14)        2.05       1.20     -41.45%


       Net income attributable to parent                      0           0       12,550      3,451       2,732       2,073        (844)     12,550      7,412           --
       Minority interests                                     0           0           (65)        (25)        (43)        (35)     (211)         (65)     (314)          --


     1. EPS is adjusted retroactively for stock dividends

27
                                       FFHC Non-consolidated Income Statement

     FFHC Non-consolidated Income Statement Summary
     in NT$ million, NT$, or %
                                                   Full Year Results                      2008 Quarterly                  Year- over-Year Comparison
                                                 2005        2006       2007    Q1        Q2        Q3         Q4            2007      2008    Change

     Operating revenues

       Income from long-term investment          9,209      10,904     12,873   3,586      2,802     2,125          (3)     12,873    8,510    -33.89%
                      1
       Other income                                 70        380        394         27        26      221          57        394       331    -16.06%

       Total revenues                            9,279      11,284     13,267   3,613      2,828     2,346          54      13,267    8,841    -33.36%

     Loss from long-term investment              (248)         (6)       (68)    (99)       (12)     (219)     (700)          (68)   (1,030)        --

     Operating expenses                          (170)       (135)      (134)    (62)       (61)      (60)      (31)         (134)     (214)   59.81%

     Other expenses and losses                   (141)       (141)      (141)    (35)       (35)      (36)      (86)         (141)     (192)   36.31%

     Income from continued op. before tax        8,720      11,002     12,925   3,417      2,719     2,032     (763)        12,925    7,405    -42.71%

     Income from continued po. after tax         8,783      10,662     12,550   3,451      2,732     2,073     (844)        12,550    7,412    -40.94%

     Income from discontinued op., net of ta     5,392          0          0          0         0          0         0          0         0         --

     Net income                                14,175       10,662     12,550   3,451      2,732     2,073     (844)        12,550    7,412    -40.94%
         2
     EPS (NT$)                                    2.33        1.75       2.06    0.57       0.44      0.33     (0.14)         2.06     1.20    -41.75%


     1. Including income other than long-term investment
     2. EPS is adjusted retroactively for stock dividends




28
                                                                                                FFHC Balance Sheet

     FFHC Balance Sheet Summary
     in NT$ million or million shares
                                              Full Year Results                        2008 Quarterly                Year- over-Year Comparison
                                            2005      2006         2007       Q1        Q2        Q3        Q4           2007      2008 Change

     Non-consolidated Balance Sheet Data
     Long-term investment                  87,542    98,224   103,420       107,596   103,010   103,166   101,939     103,420   101,939    -1.43%

     Total non-consolidated assets         96,377   106,598   110,476       114,598   116,535   106,128   104,673     110,476   104,673    -5.25%

     Total liabilities                      5,043     5,413        5,410      5,455    15,834     5,133     5,193       5,410     5,193    -4.01%

     Total shareholders' equity            91,334   101,185   105,066       109,143   100,701   100,995    99,480     105,066    99,480    -5.32%



     Conolidated Balance Sheet Data

     Total consolidated assets         1,535,443 1,600,903 1,654,461       1,691,008 1,684,064 1,766,921 1,846,522   1,654,461 1,846,522   11.61%

     Total liabilities                 1,444,109 1,499,718 1,548,357       1,580,850 1,582,425 1,665,056 1,746,391   1,548,357 1,746,391   12.79%

     Total shareholders' equity            91,334   101,185   106,104       110,158   101,640   101,864   100,131     106,104   100,131    -5.63%

       Parent's shareholders' equity       91,334   101,185   105,066       109,143   100,701   100,995    99,481     105,066    99,481    -5.32%

       Minority interests                      0          0        1,038      1,015       939       870       650       1,038       650        --

     Current shares outstanding            58,265    59,722       60,916     60,916    61,647    61,647    61,647      60,916    61,647    1.20%




29
                                                                                                                FFHC Key Ratios


     FFHC Key Ratios
                                                  Full Year Results                          2008 Quarterly               Year- over-Year Comparison
                                                2005       2006        2007        Q1        Q2        Q3        Q4          2007      2008 Change

     After-tax ROAA (Annualized ratio)        0.93%      0.68%        0.79%        0.83%     0.73%     0.63%     0.42%      0.79%     0.42%    -46.8%

     After-tax ROAE (Annualized ratio)       16.73%     11.08%     12.11%          12.81%   12.34%    10.48%     7.25%     12.11%     7.25%    -40.1%
                       1
     Double Leverage                         95.85%     97.07%     98.43%          94.11%   102.29%   102.14%   102.47%    98.43%   102.47%     4.1%
                2
     Group CAR                              122.05%    119.35%    109.54%     109.54%       103.60%   103.60%   120.21%   109.54%   120.21%     9.7%




     1. Double Leverage Ratio = Long-term Equity investment / Shareholder Equity
     2. Group CAR ratio is updated semi-annually




30
                                                                                        FCB Income Statement

     FB Income Statement Summary
     in NT$ million or %
                                         Full Year Results                  2008 Quarterly                      Year-over-Year Comparison
                                            2006       2007      Q1         Q2          Q3          Q4             2007       2008    Change
     Net revenue
       Net interest income                20,381     21,941       6,002      5,921       6,047       5,984       21,941     23,954      9.17%
       Net fee income                      4,495      6,884       1,288      1,560       1,271           922      6,884      5,041     -26.77%
       Net gain on ST invest.                316        413           239        (97)    (319)           (23)       413      (200)    -148.41%
       Net gain on LT invest.                830      1,446           217        317         323          28      1,446        885     -38.82%
       Net gain on other fin. products     2,089      1,757           629        313         (61)   (1,255)       1,757      (374)    -121.28%
       Bad debts recovery                  3,612      3,019           427        579         642         874      3,019      2,522     -16.47%
       Other net income                      291        472           374        345         180     (150)          472        749     58.75%
       Net revenue                        32,015     35,934       9,176      8,937       8,082       6,382       35,934     32,577      -9.34%
     Operating expenses                  (13,586)   (14,200)     (3,675)    (3,680)     (3,658)     (3,432)     (14,200)   (14,445)     1.72%
     Provision                            (4,736)    (6,062)      (857)      (789)      (1,650)     (3,830)      (6,062)    (7,126)    17.56%
     Income before tax                    13,694     15,672       4,645      4,467       2,774       (880)       15,672     11,006     -29.77%
       Income tax                         (3,340)    (3,646)     (1,115)    (1,049)      (700)           819     (3,646)    (2,045)    -43.91%
     Income after tax                     10,354     12,026       3,530      3,418       2,074           (61)    12,026      8,961     -25.49%
     Cummulative effect of change            563             0          0          0           0           0          0          0             --
       in accounting principle
     Net income                          10,918     12,026       3,530      3,418       2,074            (61)   12,026      8,961      -25.49%




31
                                                                                                   FCB Balance Sheet
     FB Balance Sheet Summary
     in NT$ million or %
                                    Full Year Results                    2008 Quarterly                     Year-over-Year Comparison
                                    2006        2007         Q1          Q2          Q3          Q4         2007        2008       Change
     Assets
       Cash/due from banks          178,988     165,118     169,775     169,313     199,407     179,084     165,118     179,084      8.46%
       Fin. Assets measured          42,795      37,202      37,856      36,603      36,917      53,304      37,202      53,304     43.28%
        at fair value through P/L
       AFS financial assets          82,636      61,258      57,067      56,049      54,918      51,998      61,258      51,998     -15.12%
       HTM financial assets         213,747     217,898     227,913     212,383     216,474     229,985     217,898     229,985      5.55%
       LT investments under           2,369        2,362      2,311       2,199       2,264       2,322       2,362       2,322      -1.70%
        equity method
       Account receivables           21,295      21,876      66,505      44,886      42,176      39,871      21,876      39,871     82.26%
       Loans, net                   972,045   1,071,171    1,051,489   1,084,080   1,138,307   1,160,173   1,071,171   1,160,173     8.31%
       Properties and                23,387      23,601      23,482      23,415      23,325      23,211      23,601      23,211      -1.65%
        equipments, net
       Others                        36,761      25,862      24,227      22,738      21,379      71,992      25,862      71,992    178.37%
       Total assets             1,574,022     1,626,348    1,660,625   1,651,666   1,735,167   1,811,940   1,626,348   1,811,940    11.41%


     Liabilities
       Deposit and remit.       1,219,889     1,260,175    1,260,820   1,264,103   1,332,076   1,384,753   1,260,175   1,384,753     9.89%
       Other liabilities            267,008     276,431     305,765     297,807     312,991     337,696     276,431     337,696     22.16%
       Total liablities         1,486,897     1,536,607    1,566,585   1,561,910   1,645,067   1,722,449   1,536,607   1,722,449    12.09%
     Stockholders' equity            87,125      89,741      94,039      89,756      90,100      89,491      89,741      89,491      -0.28%
     Total liabilities and      1,574,022     1,626,348    1,660,625   1,651,666   1,735,167   1,811,940   1,626,348   1,811,940    11.41%
       stockholders' equity




32
                                                                                                                        FCB Key Ratios
     FB Key Ratios


                                          Full Year Results                          2008 Quarterly                         Year-over-Year Comparison
                                  2005         2006           2007       Q1          Q2          Q3           Q4            2007         2008       Change

     Loan to deposit spread      2.22%        2.04%       1.98%        2.02%       1.96%       1.92%        1.91%           1.98%        1.91%      -0.07%

     Net Interest Margin          1.51%        1.51%      1.50%        1.61%       1.59%       1.56%        1.55%           1.50%        1.55%       0.05%
                            1
     Cost to income ratio        44.35%      42.43%      39.52%       40.05%      40.61%      42.04%       44.34%          39.52%       44.34%       4.82%
                             2
     Loan to deposit ratio       75.76%      78.25%      83.89%       82.35%      84.68%      84.54%       82.93%          83.89%       82.93%      -0.96%

     NPL ratio                   1.72%         1.57%      1.50%        1.49%       1.40%       1.36%        1.45%           1.50%        1.45%      -0.05%

     Coverage ratio              52.37%      52.15%      53.84%       54.18%      54.67%      58.36%       55.34%          53.84%       55.34%       1.50%
         3
     CAR                         10.24%      11.00%      10.80%       10.80%      10.76%      10.76%       10.88%          10.80%       10.88%       0.08%
              3
     Tier 1                      8.33%         8.38%      7.30%        7.30%       7.03%       7.03%        7.10%           7.30%        7.10%      -0.20%




     1. Before 2006, cost to income ratio = operating expenses / operating income; after 2006, cost to income ratio = operating expenses / net revenue
     2. Loan to depoist ratio = total loan / total deposit
     3. Updated semi-annually




33
                                                                                                                      FCB Loan Quality
     FB NPL Migration
     in NT$ million or %
                                                     Full Year Results                           2008 Quarterly                  Year-over-Year Comparison
                                              2005         2006          2007        Q1          Q2          Q3        Q4        2007        2008      Change

     NPL- beginning                           18,597       15,482        15,406      16,234      15,761      15,293    15,645    15,406      16,234      5.37%
       Net new NPL influx                        769        3,557         5,738        446         415        1,297     4,262     5,738       6,420     11.89%
       Net write-offs                         (3,884)       (3,633)      (4,910)       (919)       (883)       (945)   (2,991)   (4,910)     (5,738)    16.87%
     NPL- ending balance                      15,482       15,406        16,234      15,761      15,293      15,645    16,916    16,234      16,916      4.20%


     Allowance for bad debt loss- beginning    8,038        8,108         8,035       8,740       8,539       8,361     9,130     8,035       8,740      8.78%
       Provisions for bad debt loss            3,850        3,534         5,602        775         720        1,593     3,425     5,602       6,513     16.27%
       Net write-offs                         (3,884)       (3,633)      (4,910)       (919)       (883)       (945)   (2,991)   (4,910)     (5,738)    16.87%
       Others                                    104              26            14        (57)        (15)     120       (203)          14     (155) -1207.14%
     Allowance for bad debt loss- ending       8,108        8,035         8,740       8,539       8,361       9,130     9,361     8,740       9,361      7.10%
     NPL ratio                                 1.72%         1.57%        1.50%       1.49%       1.40%       1.36%     1.45%     1.50%       1.45%      -0.05%
     Coverage ratio                           52.37%       52.15%        53.84%      54.18%      54.67%      58.36%    55.34%    53.84%      55.34%      1.50%



     1. Non-consolidated basis




34
                                                                                        First Sec Operating Report
 First Sec Financial Results Summary
 in NT$ million or %
                                                             Full Year Results                    2008 Quarterly               Year-over-Year Comparison
                                                         2005      2006       2007      Q1        Q2        Q3        Q4        2007      2008   Change
 First Sec Income Statement Summary
 Total operating income
   Brokerage commission                                      758       943     1,294       235       248       181       126      1,294        790 -38.94%
   Net interest income                                       304       365       561       128       138        97        59        561        422 -24.84%
   Underwriting commission                                    12        11         76         8       11          4        1          76        24 -68.52%
   Priciple transaction gains, net                           401       126       972     (136)      (28)     (165)     (316)        972      (645) -166.39%
   Other operating income                                    149        50          8       69        31        46         4           8       150         -
   Total operating income                                  1,624     1,495     2,911       303       400       164     (126)      2,911        741 -74.54%
 Total operating expenses                                (1,470)   (1,475)   (1,668)     (324)     (337)     (310)     (262)    (1,668)    (1,233) -26.08%
 Non-operating income                                         91       207       (42)     (39)      (14)      (19)        18        (42)      (54)   27.43%
 Income before tax                                           245       277     1,200      (60)        49     (165)     (370)      1,200      (546) -145.45%
 Income tax                                                (157)     (125)     (100)        (8)     (22)        (4)     (37)      (100)       (71) -29.25%
 Cummulative effect of change in accounting principles         0        72          0         0        0          0        0           0         0        --
 Net income                                                   88       224     1,100      (68)        27     (182)     (407)      1,100      (617) -156.05%

 First Sec Balance Sheet Summary
 Total assets                                            15,760    16,582     16,316    16,387    14,730    12,154    12,921    16,316     12,921   -20.81%
 Total liabilities                                       10,091    10,758      9,406     9,595     7,934     5,497     6,658     9,406      6,658   -29.22%
 Total shareholers' equity                                5,669     5,824      6,910     6,792     6,796     6,656     6,263     6,910      6,263    -9.36%

 First Sec Key Ratios
 ROAE                                                     1.57%     3.90%    17.28%     -4.23%    1.64%     -3.28%    -6.31%   17.28%      -9.39%   -26.67%
 ROAA                                                     0.60%     1.39%     7.28%     -1.62%    0.68%     -1.56%    -3.25%    7.28%      -3.89%   -11.17%
 Brokerage market share                                   1.92%     2.07%     1.54%      1.48%    1.32%      1.48%     1.51%    1.54%       1.51%    -0.03%
 Margin loan market share                                 2.16%     2.15%     2.09%      2.08%    1.91%      1.96%     2.15%    2.09%       2.15%     0.06%

 1. Non-consolidated basis




35
                                                                                                FSITC Operating Report
 FSITC Income Statement Summary
 in NT$ million or %
                                                              Full Year Results                      2008 Quarterly                    Year-over-Year Comparison
                                                            2005       2006       2007    Q1         Q2         Q3          Q4            2007      2008 Change


 Total operating income
     Management fee                                          522        553        600      136        130        104            74       600       444      -26.00%
     Sales service fee                                         6          9         13          1          1          1           1        13          4     -69.23%
     Total operating income                                  528        562        613      137        131        105            75       613       448      -26.92%
 Operating expenses                                         (294)      (297)      (328)      (75)       (79)       (68)        (51)       (328)     (273)    -16.80%
 Non-operating income                                       (390)        29         22         (4)        (2)         (3)      (29)        22        (38) -272.73%
 Income before tax                                          (156)       294        307         57         51         34          (5)      307       137      -55.34%
 Income tax                                                  (66)       (67)       (73)      (16)       (14)       (10)          72        (73)      32     -143.84%
 Income after tax                                           (222)       226        234         41         37         24          67       234       169      -27.73%
 Cummulative effect of change in accounting principles         0          1          0          0          0          0           0          0         0       -
 Net income                                                 (222)       227        234         41         37         24          67       234       169      -27.78%


 FSITC Securities Balance Sheet Summary
 Total assets                                              1,079      1,167       1,185    1,221      1,257      1,010       1,052       1,185     1,052     -11.22%
 Total liabilities                                           328        186        183      180        391        123            78       183        78      -57.38%
 Total shareholers' equity                                   752        981       1,003    1,041       865        887         973        1,003      973       -2.99%


 FSITC Key Data & Ratios
 AUM                                                     117,612    121,130    100,667    99,490     88,154     80,100      85,001     100,667    85,001     -15.56%
 AUM Ranking                                                   4          4         12         11         12         10          7         12          7           --
 ROAE(Annualized ratio)                                  -23.41%    26.20%     23.58%     16.20%     16.98%     14.38%      17.10%     23.58%     17.10%      -6.48%
 ROAA(Annualized ratio)                                  -18.37%    20.21%     19.89%     13.80%     11.99%     12.38%      15.10%     19.89%     15.10%      -4.79%

 1. Non-consolidated basis



36
                                                                             First –Aviva Operating Report
     First-Aviva Financial Results Summary
     in NT$ million or %
                                                            2008 Quarterly                            2008
                                                Q1          Q2          Q3           Q4               Total
     Income Statement Summary
     Operating Revenue                            908       3,596       4,368       2,778            11,650
      Premium income                              935       3,554       4,374       2,744            11,607
      Other insurance income                        0          28          (4)          2                26
      Net Investment Income                       (27)         14          (2)         32                17
     Operating Cost                              (905)     (3,588)     (4,351)     (3,076)          (11,920)
       Reinsurance commission                       0           0           0           0                 0
       Reserves                                  (895)     (3,553)     (4,241)     (2,851)          (11,540)
       Claims                                       0          (1)        (83)       (167)             (251)
       Commission                                 (10)        (34)        (27)        (58)             (129)
     Operating Expenses                           (67)        (82)        (90)       (132)             (371)
       Sales related expenses                      (2)         (7)         (8)        (34)              (51)
       Management expenses                        (65)        (75)        (82)        (98)             (320)
     Profit/Loss of Operation                     (64)        (74)        (73)       (430)             (641)
     Non-Operating Profit                          13         (13)          0           0                 0

     Profit/Loss Before Tax                       (51)        (87)         (73)      (430)              (641)
     Income tax                                     0           0            0          0                  0
     Net Income after tax                         (51)        (87)         (73)      (430)              (641)

     Balance Sheet Summary
     Total Assets                                                                                    13,208
     Total Shareholders' Equity                                                                       1,327
     ROAE(Annualized ratio)                                                                         -48.30%
     ROAA(Annualized ratio)                                                                          -4.85%

     1.Unaudited figures
37   2. FFHC claims 51% of First-Aviva operating results, a net loss of NTD 327 mn was recognized in 2008.

				
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