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 nor is it calculated to invite any such offer or invitation. In particular, this announcement does not constitute and is not an offer to sell or an invitation or a solicitation of any offer to buy or subscribe for any securities in Hong Kong, the United States of America (the "US") or elsewhere.

The securities of Hopewell Hong Kong Properties Limited referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws of the US, and such securities may not be offered or sold in the US absent registration under the U.S. Securities Act, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Hopewell Hong Kong Properties Limited does not intend to register its securities under the U.S. Securities Act or to engage in a public offering of its securities in the US.

PROPOSED SPIN-OFF AND SEPARATE LISTING OF HOPEWELL HONG KONG PROPERTIES LIMITED ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED AND GLOBAL OFFERING NOT TO PROCEED AS ORIGINALLY SCHEDULED

In light of the significant deterioration in market sentiment since the publication of the Prospectus on 6 June 2013 and the prevailing volatile market conditions, the Company and Hopewell HK Properties, having consulted the Joint Global Coordinators, have formed the view that it would not be advisable to proceed with the Global Offering (including the Preferential Offering and the Employee Preferential Offering). Accordingly, the International Underwriting Agreement relating to the International Offering will not be entered into and the Hong Kong Underwriting Agreement relating to the Hong Kong Public Offering will not become unconditional. The Proposed Spin-off and the Global Offering will therefore not proceed as originally scheduled.
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance
(Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.
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Reference is made to the announcements of the Company dated 8 February 2013, 3 May 2013, 6
May 2013, 9 May 2013, 15 May 2013, 23 May 2013, 29 May 2013, 30 May 2013 and 6 June
2013 and the circular of the Company dated 6 May 2013 (the "Circular") in relation to the
Proposed Spin-off.

PROPOSED SPIN-OFF AND GLOBAL OFFERING NOT TO PROCEED AS ORIGINALLY SCHEDULED

In light of the significant deterioration in market sentiment since the publication of the Prospectus on 6 June 2013 and the prevailing volatile market conditions, the Company and Hopewell HK Properties, having consulted the Joint Global Coordinators, have formed the view that it would not be advisable to proceed with the Global Offering (including the Preferential Offering and the Employee Preferential Offering). Accordingly, the International Underwriting Agreement relating to the International Offering will not be entered into and the Hong Kong Underwriting Agreement relating to the Hong Kong Public Offering will not become unconditional. The Proposed Spin-off and the Global Offering will therefore not proceed as originally scheduled.
The Group's businesses will remain unaffected by the decision of not proceeding with the Proposed Spin-off and the Global Offering as originally scheduled. The Company remains committed to develop and grow its business, and continues to have confidence in its business model and its ability to deliver value to the Shareholders. The Company would also like to take this opportunity to express its gratitude to its prospective investors for their positive feedback during the Global Offering and recognition of the Company's business strategies.
Whilst the Proposed Spin-off will not proceed as originally scheduled, the Company remains committed to proceed with the Proposed Spin-off in the future, when market conditions improve, to create value for the Shareholders. The Company will continue to monitor market conditions to assess the appropriate window for the Proposed Spin-off.

DEFINITIONS

Unless otherwise stated, capitalised terms in this announcement shall have the same respective meanings given to them in the Circular. In addition, in this announcement, the following expression bears the following meaning:
"Joint Global

Coordinators"

Hong Kong, 13 June 2013
BOCI Asia Limited and Credit Suisse (Hong Kong) Limited (in alphabetical order)
By Order of the Board Hopewell Holdings Limited Richard Cho Wa LAW Company Secretary
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As at the date of this announcement, the Board comprises eight Executive Directors namely, Sir Gordon Ying Sheung WU (Chairman), Mr. Eddie Ping Chang HO (Vice Chairman), Mr. Thomas Jefferson WU (Managing Director), Mr. Josiah Chin Lai KWOK (Deputy Managing Director), Mr. Albert Kam Yin YEUNG, Mr. Eddie Wing Chuen HO Junior, Mr. William Wing Lam WONG and Ir. Leo Kwok Kee LEUNG; two Non-Executive Directors namely, Lady WU Ivy Sau Ping KWOK and Mr. Carmelo Ka Sze LEE; and five Independent Non-Executive Directors namely, Mr. Guy Man Guy WU, Ms. Linda Lai Chuen LOKE, Mr. Sunny TAN, Dr. Gordon YEN and Mr. Ahito NAKAMURA.

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