Hang Lung Properties : Notice of Listing on The Stock Exchange of Hong Kong Limited - HKD220,000,000 2.28 per cent. Notes due 2027 under the USD4,000,000,000 Medium Term Note Programme issued by HLP Finance Limited

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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

HLP Finance Limited

(incorporated in the British Virgin Islands with limited liability)

(as the Issuer)

Hang Lung Properties Limited

(incorporated in Hong Kong with limited liability)

(as the Guarantor)

Stock Code: 00101

HKD220,000,000 2.28 per cent. Notes due March 5, 2027

Stock Code: 40609

(the "Notes")

issued pursuant to a

USD4,000,000,000 Medium Term Note Programme

(the "Programme")

Dealer

Merrill Lynch (Asia Pacific) Limited

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the Notes issued under the Programme, as described in the Offering Circular dated May 6, 2020 and the pricing supplement dated February 23, 2021, by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only. The listing of and permission to deal in the Notes is expected to become effective on March 8, 2021.

Hong Kong, March 5, 2021

As at the date of this announcement, the board of directors of HLP Finance Limited comprises the following directors:

Mr. Ronnie C. CHAN, Mr. Adriel W. CHAN, Mr. Weber W.P. LO and Mr. H.C. HO

As at the date of this announcement, the board of directors of Hang Lung Properties Limited comprises the following directors:

Executive Directors: Mr. Ronnie C. CHAN, Mr. Adriel W. CHAN, Mr. Weber W.P. LO and Mr. H.C. HO

Non-Executive Director: Mr. Philip N.L. CHEN

Independent Non-Executive Directors: 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