Country Garden : GRANT OF SHARE OPTIONS

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.

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2007)

GRANT OF SHARE OPTIONS

This announcement is made by Country Garden Holdings Company Limited (the "Company") pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of the Company hereby announces that on 8 December 2017, the Company has offered to grant to two executive directors of the Company (the "Grantee(s)") a total of 659,817 share options (the "Share Options", each a "Share Option") under the share option scheme adopted by the Company on 18 May 2017 (the "Share Option Scheme") which, subject to the acceptance of the Share Options by the Grantees, will enable the Grantees, upon full exercise of all such Share Options, to subscribe for an aggregate of 659,817 new shares of HK$0.1 each (the "Share(s)") in the share capital of the Company for the subscription price per Share Option set out below (all subject to adjustments under the terms of the Share Option Scheme in accordance with Rule 17.03(13) of the Listing Rules), such Shares representing in aggregate approximately 0.0031% of the issued share capital of the Company as at the date of this announcement.

Details of the Share Options granted are set out below:

Date of grant

: 8 December 2017 (the "Date of Grant")

Subscription price Options granted

ofShare

• : HK$12.980 per Share Option, representing the higher of: (i) the closing price of HK$12.980 per Share as stated in the daily quotations sheets issued by the Stock Exchange on the Date of Grant; (ii) the average closing price of HK$12.788 per Share as stated in the daily quotations sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value per Share

  Total number of Share Options granted

• : 659,817 Share Options (each Share Option shall entitle the holder of the Share Option to subscribe for one Share)

  Closing price of the Shares on the Date of Grant

• : HK$12.980 per Share

  Average closing price of the Shares for the five business days immediately preceding the Date of Grant

• : HK$12.788 per Share

The names of the Grantees and the number of the Share Options granted to each of them are as follows:

The grant of the Share Options to the above Grantees has been approved by the independent non-executive directors of the Company in accordance with Rule 17.04 of the Listing Rules.

By Order of the Board

Country Garden Holdings Company Limited

MO Bin

President and Executive Director

Foshan, Guangdong Province, the PRC, 8 December 2017

As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Vice Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. XIE Shutai, Mr. SONG Jun, Mr. LIANG Guokun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan, Mr. MEI Wenjue and Mr. YEUNG Kwok On.