Sun Hung Kai Properties : NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED

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.

This announcement does not constitute or form a part of any offer of securities for sale in the United States. The instruments and the guarantee will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and subject to certain exceptions, may not be offered or sold within the United States. The instruments and the guarantee will be offered and sold outside the United States in reliance of Regulation S and within the United States to "qualified institutional buyers" in reliance of Rule 144A under the Securities Act. This announcement is not for distribution, directly or indirectly, in or into the United States.

(incorporated with limited liability in the Cayman Islands) (as Issuer)

and

(incorporated with limited liability in Hong Kong) (Stock Code: 16)

(as Guarantor)

(Stock Code: 5207)

HSBC

HSBC Citigroup Standard Chartered Bank

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Securities issued under the Programme as described in the Information Memorandum dated 11 November 2016, as supplemented by the Supplemental Information Memorandum dated 16 May 2017, and the Pricing Supplement dated 16 May 2017 prepared in respect of the Securities. The Securities will be offered to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only. The listing of, and permission to deal in, the Securities is expected to become effective on 24 May 2017.

23 May 2017

As at the date of this announcement, the Board of Directors of the Guarantor comprises eight Executive Directors, being KWOK Ping-luen, Raymond (Chairman and Managing Director) (KWOK Ho-lai, Edward being his Alternate Director), WONG Chik-wing, Mike (Deputy Managing Director), LUI Ting, Victor (Deputy Managing Director), KWOK Kai-fai, Adam, KWOK Kai-wang, Christopher, KWONG Chun, TUNG Chi-ho, Eric and FUNG Yuk-lun, Allen; three Non-Executive Directors, being LEE Shau-kee (Vice Chairman), WOO Po-shing (WOO Ka-biu, Jackson being his Alternate Director) and KWAN Cheuk-yin, William; and seven Independent Non-Executive Directors, being YIP Dicky Peter, WONG Yue-chim, Richard, LI Ka-cheung, Eric, FUNG Kwok-lun, William, LEUNG Nai-pang, Norman, LEUNG Kui-king, Donald and LEUNG KO May-yee, Margaret, and the Board of Directors of the Issuer comprises three Directors, being WONG Chik-wing, Mike, LUI Ting, Victor and LI Ching-kam, Frederick.