Wharf () : Wharf Finance (BVI) Limited / Wharf Finance Limited / Wharf Finance (No.1) Limited and Wharf MTN (Singapore) PTE Ltd – US$7,000,000,000 Medium Term Note Programme

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(incorporated with limited liability in Hong Kong)

(as Issuer and Guarantor)

(incorporated with limited liability in the British Virgin Islands)

(as Issuer) and

(incorporated with limited liability in Hong Kong)

(as Issuer) and

(incorporated with limited liability in Hong Kong)

(as Issuer) and

(incorporated with limited liability in Singapore)

(as Issuer)

Arranger

Dealers

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of the U.S.$7,000,000,000 Medium Term Note Programme (the "Programme") for a period of 12 months by way of debt issues to professional investors only, as described in the Offering Circular dated 9 September 2016. The listing of the Programme is expected to become effective on 12 September 2016.

At the date of this announcement, the board of directors of The Wharf (Holdings) Limited comprises the following directors:

Mr Stephen T H Ng, Chairman and Managing Director Mr Andrew O K Chow, Deputy Chairman

Ms Doreen Y F Lee, Vice Chairman

Mr Paul Y C Tsui, Vice Chairman and Group Chief Financial Officer Ms Y T Leng, Director

Mr K P Chan, Director

Mr Alexander S K Au, OBE*

Professor Edward K Y Chen, GBS, CBE, JP* Hon Vincent K Fang, GBS, JP*

Mr Hans Michael Jebsen, BBS* Mr David Muir Turnbull*

Professor E K Yeoh, GBS, OBE, JP*

* Independent Non-executive Directors

At the date of this announcement, the board of directors of both Wharf Finance (BVI) Limited and Wharf Finance Limited comprises the following directors:

Stephen T H Ng, Director Paul Y C Tsui, Director Peter Z K Pao, Director

At the date of this announcement, the board of directors of Wharf Finance (No. 1) Limited comprises the following directors:

Stephen T H Ng, Director Andrew O K Chow, Director Paul Y C Tsui, Director

At the date of this announcement, the board of directors of Wharf MTN (Singapore) Pte. Ltd. comprises the following directors:

Paul Y C Tsui, Director Bee Kim Tan, Director

Pearly Hock Neo Oon, Director

9 September 2016