Sino Ocean : FINAL RESULTS OF TENDER OFFER FOR US$700,000,000 FLOATING RATE GUARANTEED NOTES DUE 2021 ISSUED BY SINO-OCEAN LAND TREASURE IV 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 a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities may be offered or sold in the United States absent registration or an exemption from applicable registration requirements. There will be no public offering of securities in the United States. None of the Notes will be offered to the public in Hong Kong.

This announcement is not for distribution, directly or indirectly, in or into the United States.

SINO-OCEAN GROUP HOLDING LIMITED

遠洋集團控股有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 03377)

(the "Company")

FINAL RESULTS OF TENDER OFFER FOR

US$700,000,000 FLOATING RATE GUARANTEED NOTES DUE 2021

(Stock Code: 05131)

(ISIN: XS1839375539; Common Code: 183937553)

ISSUED BY

SINO-OCEAN LAND TREASURE IV LIMITED

遠洋地產寶財IV有限公司

(Incorporated in the British Virgin Islands with limited liability)

Reference is made to the announcement of the Company dated 21 April 2021 in relation to, among others, the Tender Offer (the "Tender Offer Announcement"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Tender Offer Announcement.

The Company hereby announces today the results of the Tender Offer to purchase the Floating Rate Guaranteed Notes from the holders of the Floating Rate Guaranteed Notes. The Tender Offer expired at 4:00 p.m., London Time, on 29 April 2021 (the "Expiration Deadline").

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The Tender Offer was made upon the terms and conditions of the tender offer memorandum dated 21 April 2021.

The Company hereby announces that in accordance with the terms of the tender offer memorandum, the Company has accepted for purchase the Floating Rate Guaranteed Notes representing an aggregate principal amount of US$214,385,000 validly tendered at or prior to the Expiration Deadline.

1. Principal amount of Floating Rate Guaranteed Notes outstanding as of 21 April 2021.
2. In addition to the purchase price, the Company will also pay the accrued interest in respect of the Floating Rate Guaranteed Notes accepted for purchase pursuant to the Tender Offer on the settlement date, which is expected to be on or about 5 May 2021 (the "Settlement Date").

The purchase price and the accrued interest for the Floating Rate Guaranteed Notes validly tendered at or prior to the Expiration Deadline will be paid on the Settlement Date.

The Floating Rate Guaranteed Notes which are purchased by the Company pursuant to the Tender Offer will be cancelled forthwith following the Settlement Date and the outstanding aggregate principal amount of the Floating Rate Guaranteed Notes after such cancellation will be US$485,615,000.

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By order of the Board

Sino-Ocean Group Holding Limited

CHUNG Kai Cheong

Company Secretary

Hong Kong, 30 April 2021

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

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