Hysan Development : Notice of Listing on The Stock Exchange of Hong Kong Limited - U.S.$850,000,000 Subordinated Guaranteed Perpetual Capital Securities by Elect Global Investments Limited, which is unconditionally and irrevocably guaranteed by Hysan Development Company Limited

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.

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

The Securities and the Guarantee of the Securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States or other jurisdiction and the Securities may not be offered or sold into or within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. This notice is not for distribution, directly or indirectly, in or into the United States. This notice does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

ELECT GLOBAL INVESTMENTS LIMITED

(Incorporated in the British Virgin Islands with limited liability)

unconditionally and irrevocably guaranteed by

HYSAN DEVELOPMENT COMPANY LIMITED

希慎興業有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00014)

U.S.$850,000,000 SUBORDINATED GUARANTEED PERPETUAL CAPITAL

SECURITIES (THE "SECURITIES")

(Securities Stock Code: 40173)

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

Crédit Agricole	HSBC	J.P. Morgan	Standard	UBS
CIB			Chartered Bank

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Securities 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 and the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only, as described in the Offering Circular dated 25 February 2020. The listing of, and permission to deal in, the Securities is expected to become effective on or about 4 March 2020.

Hong Kong, 3 March 2020

As at the date of this notice, the Board of Directors of Hysan Development Company Limited comprises: Lee Irene Yun-Lien (Chairman), Churchouse Frederick Peter **, Fan Yan Hok Philip **, Lau Lawrence Juen-Yee**, Poon Chung Yin Joseph **, Wong Ching Ying Belinda **, Jebsen Hans Michael * (Yang Chi Hsin Trevor as his alternate), Lee Anthony Hsien Pin * (Lee Irene Yun-Lien as his alternate), Lee Chien* and Lee Tze Hau Michael*, and the Board of Directors of Elect Global Investments Limited comprises: Lui Kon Wai and Hao Shu Yan.

• Non-ExecutiveDirectors
• Independent Non-Executive Directors