Hang Lung Properties : Date of Board Meeting

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HANG LUNG PROPERTIES LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00101)

DATE OF BOARD MEETING

This is to announce that a meeting of the board of directors (the "Board") of Hang Lung Properties Limited (the "Company") will be held on Tuesday, January 21, 2020 at the registered office of the Company for the purpose of, inter alia, approving the announcement of the annual results for the year ending December 31, 2019 and considering the recommendation on the payment of a final dividend.

By Order of the Board

Margaret Ka Man YAN

Company Secretary

Hong Kong, December 23, 2019

As at the date of this announcement, the Board of the Company comprises the following directors: Executive Directors: Mr. Ronnie C. CHAN, Mr. Weber W.P. LO, Mr. H.C. HO and Mr. Adriel W. CHAN Non-ExecutiveDirector: Mr. Philip N.L. CHEN

Independent Non-ExecutiveDirectors: Mr. Ronald J. ARCULLI, Mr. Nelson W.L. YUEN,

Mr. Dominic C.F. HO, Dr. Andrew K.C. CHAN, Prof. H.K. CHANG and Ms. Anita Y.M. FUNG