Tencent : Grant of 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.

This announcement is made pursuant to Rule 17.06A of the Listing Rules.

The Board announces that on 23 November 2017, a total of 89,565 options to subscribe for Shares are granted under the 2017 Option Scheme, subject to acceptance of the grantees. The following are the details of the Options granted:

Date of grant: 23 November 2017

Exercise price of Options granted: Each Option shall entitle the holder to

subscribe for one Share upon exercise of such Option at an exercise price of HK$419.6 per Share

Number of Options granted: 89,565

Closing price of the Share on the date of grant:

HK$419.6 per Share

Validity period of Options: Until the last day of the 7-year period

after the date of grant of Options

None of the grantees of the aforesaid options granted is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

In this announcement, unless the context otherwise requires, the following expressions shall have the following meanings:

"2017 Option Scheme" share option scheme of the Company adopted on 17 May

2017

"Board" the board of directors of the Company

"Company" Tencent Holdings Limited, a limited liability company organised and existing under the laws of the Cayman Islands and whose Shares are listed on the Stock Exchange

"HK$" Hong Kong dollars, the lawful currency of Hong Kong

"Hong Kong" the Hong Kong Special Administrative Region of the People's Republic of China

"Listing Rules" the Rules Governing the Listing of Securities on the

Stock Exchange

"Option(s)" share option(s) to subscribe for Share(s) to be granted under the 2017 Option Scheme

"Share(s)" ordinary share(s) of HK$0.00002 each in the share capital of the Company (or of such other nominal amount as shall result from a sub-division, consolidation, reclassification or reconstruction of the share capital of the Company from time to time)

"Stock Exchange" The Stock Exchange of Hong Kong Limited

By Order of the Board Ma Huateng Chairman

23 November 2017

As at the date of this announcement, the directors of the Company are: Executive Directors:

Ma Huateng and Lau Chi Ping Martin;

Non-Executive Directors:

Jacobus Petrus (Koos) Bekker and Charles St Leger Searle; and

Independent Non-Executive Directors:

Li Dong Sheng, Iain Ferguson Bruce, Ian Charles Stone and Yang Siu Shun.