Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Potential Acquisition of further interest in Castle Peak Power Company Limited

CLP Holdings refers to an on-line media report today regarding discussions concerning the 60% equity interest in Castle Peak Power Company Limited ("CAPCO") held by ExxonMobil Energy Limited ("EMEL") which is a subsidiary of Exxon Mobil Corporation ("ExxonMobil"). CLP Holdings announced on 15 March 2012 that it, together with China Southern Power Grid Co., Ltd ("CSG"), were in discussions to acquire the 60% equity interest in CAPCO currently held by EMEL. Those discussions have been on-going over some years on an intermittent basis and no agreement has been reached.
CAPCO is a joint venture between (1) CLP Power Hong Kong Limited ("CLP Power"), a wholly owned subsidiary of CLP Holdings, which holds a 40% interest, and (2) EMEL which holds a
60% interest. CAPCO owns three power stations in Hong Kong with a total power generation capacity of 6,908 megawatts.
Established in 2002, CSG is a state-owned power grid company involved in the investment, construction, operation and management of power transmission and distribution assets in China's southern provinces.
Discussions are ongoing and there is no certainty that agreement will be reached. Shareholders and investors should therefore exercise caution in dealing in the shares of CLP Holdings.
If the discussions were to conclude with the signing of binding sale and purchase agreements, it is envisaged that the proposed acquisition would constitute a major transaction for CLP Holdings under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"). In accordance with Rule 14.34(2) of the Listing Rules, a more detailed announcement will be made if and when agreement is reached on the relevant terms.
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This announcement is made by CLP Holdings pursuant to Rule 13.09 (2) (a) of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).
By Order of the Board

April Chan

Company Secretary
Hong Kong, 15 November 2013

CLP Holdings Limited (incorporated in Hong Kong with limited liability)

(Stock Code: 00002)

The Directors of CLP Holdings as at the date of this announcement are:

Non-executive Directors: The Hon. Sir Michael Kadoorie, Mr. William Mocatta, Mr. R. J. McAulay, Mr. J. A. H. Leigh, Mr. I. D. Boyce, Dr. Y. B. Lee and Mr. Paul A. Theys

(Mr. David Moore as Mr. Theys' alternate)

Independent Non-executive Directors: Mr. V. F. Moore, Professor Judy Tsui, Sir Rod Eddington, Mr. Nicholas C. Allen, Mr. Vincent Cheng,

Mrs. Fanny Law, Ms. Irene Lee and Dr. Rajiv Lall

Executive Directors: Mr. Richard Lancaster and Mr. Andrew Brandler

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