Debt - Listing Confirmation::US$200,000,000 10.75% Senior Notes due 2022

1. The Notes will be listed and quoted in the Bonds Market with effect from 9.00 a.m., Wednesday, 22 January 2020.

2. The short name of the Notes is LandseaGn10.75%221021S and the ISIN Code is XS2095992017.

The letter 'S' denotes that trading of the Notes is restricted to the persons specified in Sections 274 and 275 of the Securities and Futures Act (the 'SFA').

3. The Notes will be quoted and traded in United States Dollars (US$). The Notes will be in denomination of US$200,000 and integral multiples of US$1,000. The Notes will be traded in a minimum board lot size of US$200,000.

4. The issue date of the Notes is 21 January 2020.

5. The name and address of the Principal Paying Agent is as follows: -

Deutsche Bank AG, Hong Kong Branch
52/F International Commerce Centre
1 Austin Road West
Kowloon
Hong Kong

6. The Lead manager(s)/Bookrunner(s) of the Notes are Guotai Junan Securities (Hong Kong) Limited, Haitong International Securities Company Limited, Merrill Lynch (Asia Pacific) Limited and Admiralty Harbour Capital Limited.

7. Please refer to the Issuer's offering documents for complete details before trading.