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.

HANG LUNG PROPERTIES LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00101)

GRANT OF SHARE OPTION

This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of Hang Lung Properties Limited (the "Company") announces that the Company has granted an option (the "Share Option") to Mr. Weber Wai Pak LO (subject to his acceptance) under the Company's share option scheme adopted on 18 April 2012. Mr. Lo is Chief Executive Officer Designate and Executive Director of the Company.

The Share Option shall entitle Mr. Lo to subscribe for a total of 10,000,000 new shares of the Company (the "Shares"). Details of the Share Option granted are set out below:

Date of grant

:

16 May 2018

Exercise price

:

HK$18.98 per Share

Closing price of the Shares on the date of grant

:

HK$18.98 per Share

Validity period of the Share Option

:

ten years, from 16 May 2018 to

15 May 2028

The granting of the Share Option has been approved by independent non-executive directors of the Company.

By Order of the Board Margaret Ka Man YAN

Company Secretary

Hong Kong, 16 May 2018

As at the date of this announcement, the Board of the Company comprises the following directors:

Executive Directors: Mr. Ronnie C. CHAN, Mr. Philip N.L. CHEN, Mr. Weber W.P. LO, Mr. H.C. HO and Mr. Adriel W. CHAN

Independent Non-Executive Directors: Mr. Ronald J. ARCULLI, Mr. Dominic C.F. HO,

Mr. Nelson W.L. YUEN, Dr. Andrew K.C. CHAN, Prof. H.K. CHANG and Ms. Anita Y.M. FUNG

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Hang Lung Properties Ltd. published this content on 16 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2018 10:52:03 UTC