Hutchison Port Trust : Change To Half-Yearly Reporting Of Financial Statements

CHANGE TO HALF-YEARLY REPORTING OF FINANCIAL STATEMENTS

Hutchison Port Holdings Management Pte. Limited, as trustee-manager ("Trustee Manager") of Hutchison Port Holdings Trust ("HPH Trust"), wishes to announce that pursuant to the amendments to Rule 705(2) of the Listing Manual ("Listing Manual") of the Singapore Exchange Securities Trading Limited ("SGX") which came into effect on 7 February 2020, it is no longer required to release the financial statements of the HPH Trust group on a quarterly basis. HPH Trust has not been identified by the SGX as an issuer which will have to report its financials on a quarterly basis.

In view of the long-term strategy and horizon with respect to the business of HPH Trust, the Trustee Manager believes that a half-yearly financial reporting cycle coupled with continuous disclosure in accordance with the enhanced requirements pursuant to the Listing Manual should be sufficient to keep the unitholders informed of HPH Trust's state of affairs. Further, after taking into consideration, among others, the compliance efforts required in connection with quarterly reporting, the Trustee Manager is of the opinion that half-yearly financial reporting would better enable HPH Trust to channel its focus and resources on delivering sustainable performance. Accordingly, after due deliberations, the Trustee Manager has decided to adopt the announcement of financial statements on a half-yearly basis with effect from the financial year ending 31 December 2020.

In view of the foregoing, the next financial results announcement of the HPH Trust group will be in respect of the six-month period ending 30 June 2020 and will be released by 14 August 2020.

The Trustee Manager will continue its regular stakeholder engagement initiatives to keep unitholders updated on material developments between the announcements of half-year financial statements.

By Order of the Board

Hutchison Port Holdings Management Pte. Limited (Incorporated in the Republic of Singapore with limited liability) (as trustee-manager of Hutchison Port Holdings Trust) (Company Registration No. 201100749W)

Ms Kim Yi Hwa

Company Secretary

8 April 2020

About HPH Trust

HPH Trust is a container port business trust listed in Singapore.

HPH Trust owns interests in world class deep-water container port assets located in two of the world's busiest container port cities by throughput - Hong Kong and Shenzhen, the People's Republic of China ("PRC"). Other assets in the HPH Trust portfolio include the port in Huizhou, PRC, as well as certain port ancillary services and the economic benefits of river ports complementary to the deep-water container ports operated by HPH Trust.

The investment mandate of HPH Trust is principally to invest in, develop, operate and manage deep-water container ports in the Guangdong Province, Hong Kong and Macau, one of the world's largest trading hubs by throughput.