Kerry Logistics Network : Disclosure of Dealings under Rule 22 of the Takeovers Code

24 February 2021

Partial offer

Disclosure of dealings in the shares of Kerry Logistics Network Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description of relevant securities	Description of products	Nature of dealings	Number of reference securities to which the derivatives relate	Maturity date / closing out date	Reference price	Total amount paid / received	Resultant balance (including those of any person with whom there is an agreement or understanding)
J.P. Morgan Securities PLC	23 February 2021	Derivatives	Other types of products	Closing out of a derivative contract	2,500	16 February 2022	$23.1173	$57,793.2500	3,706,995
Derivatives	Other types of products	Closing out of a derivative contract	8,000	8 February 2023	$22.9449	$183,559.2000	3,714,995

Derivatives	Other types of products	Issue of a derivative	4,500	30 July 2021	$23.1599	$104,219.5500	3,719,495
Derivatives	Other types of products	Closing out of a derivative contract	17,000	2 June 2021	$22.9366	$389,922.2000	3,702,495
Derivatives	Other types of products	Closing out of a derivative contract	10,500	2 June 2021	$22.9366	$240,834.3000	3,691,995
Derivatives	Other types of products	Issue of a derivative	1,000	23 February 2022	$22.8782	$22,878.1900	3,692,995

End

Note:

J.P. Morgan Securities PLC is a Class (5) associate connected with the Offeror. Dealings were made for its own account.

J.P. Morgan Securities PLC is ultimately owned by JPMorgan Chase & Co.