Country Garden : ADJUSTMENT TO THE WRITTEN CALL OPTIONS

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COUNTRY GARDEN HOLDINGS COMPANY LIMITED

碧 桂 園 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2007)

ADJUSTMENT TO THE WRITTEN CALL OPTIONS

Reference is made to the announcement of Country Garden Holdings Company Limited (the "Company") dated 22 November 2018 and the circular (the "Circular") of the Company dated 11 April 2019. Capitalised terms used herein shall have the same meanings as those defined in the Circular.

At the annual general meeting of the Company held on 16 May 2019, the payment of a final dividend of RMB30.32 cents per Share for the year ended 31 December 2018 (the "Final Dividend") was approved by the Shareholders.

The Final Dividend is expected to be paid to the Shareholders on or around 10 July 2019 to Shareholders whose names appear on the register of Shareholders on 24 May 2019.

Under the adjustment provisions stipulated under the terms and conditions of the Written Call Options, the following adjustments effective 24 May 2019 have been made as a result of the payment of the Final Dividend:

1. the strike price of the Written Call Options, originally at HK$17.908 per Written Call Option, was adjusted to HK$17.37 per Written Call Option; and
2. the total number of Written Call Options, being 622,218,718 Written Call Options, was adjusted to 641,422,390.

By order of the Board

Country Garden Holdings Company Limited

MO Bin

President and Executive Director

Foshan, Guangdong Province, the PRC, 3 June 2019

As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Co-Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. SONG Jun, Mr. LIANG Guokun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan and Mr. TO Yau Kwok.