CLP : Notice of Listing of U.S.$500,000,000 3.25 per cent. notes due 2027 to be issued by Castle Peak Power Finance Company Limited under its U.S.$2,000,000,000 Medium Term Note Programme unconditionally and irrevocably guaranteed by Castle Peak Power Company Limited (25 July 2017)

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

(incorporated with limited liability under the laws of the British Virgin Islands)

(the "Issuer")

unconditionally and irrevocably guaranteed by

(incorporated with limited liability under the laws of Hong Kong)

Application has been made to The Stock Exchange of Hong Kong Limited (the "Stock Exchange") for the listing of, and permission to deal in, the Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on the Stock Exchange and in the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only as described in both the Offering Circular dated 7 June 2017 prepared in respect of the Programme and the pricing supplement dated 18 July 2017. Permission to deal in the Notes is expected to become effective on 26 July 2017.

25 July 2017

As at the date of this notice, the Board of Directors of Castle Peak Power Finance Company Limited comprises Mr. Chiang Tung Keung, Mr. Geert Herman August Peeters and Ms. Sun Li, and the Board of Directors of Castle Peak Power Company Limited comprises Mr. William Elkin Mocatta (with Mr. Tong Chi Leung David as his alternate), Mrs. Yuen So Siu Mai Betty, Mr. Richard Kendall Lancaster, Mr. Chiang Tung Keung (with Mr. Lo Pak Cheong as his alternate), Mr. Tang Hongjian (with Ms. Sun Li and Mr. Su Bingli as his alternates) and Mr. Yang Hua (with Ms. Sun Li and Mr. Su Bingli as his alternates).