MTR : Appointment of Alternate Directors

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MTR CORPORATION LIMITED

香港鐵路有限公司

(the 'Company')

(Incorporated in Hong Kong with limited liability)

(Stock code: 66)

APPOINTMENT OF ALTERNATE DIRECTORS

The Company announces that Mr Joseph Chan Ho-lim (Under Secretary for Financial Services and the Treasury, hereinafter referred to as 'US for FS&T') and Ms Lau Yim (also known as Ms Alice Lau Yim) (Permanent Secretary for Financial Services and the Treasury (Treasury), hereinafter referred to as 'PS for FS&T(T)') have been appointed by Mr James Henry Lau Jr (Secretary for Financial Services and the Treasury, hereinafter referred to as 'S for FS&T'), a Non-executive Director ('NED') of the Company, as his Alternate Directors with effect from 2 May 2019.

The Company announces that Mr Joseph Chan Ho-lim (US for FS&T) and Ms Lau Yim (also known as Ms Alice Lau Yim) (PS for FS&T(T)) have been appointed by Mr James Henry Lau Jr (S for FS&T), a NED of the Company, as his Alternate Directors with effect from 2 May 2019, in addition to his existing Alternate Director, Mr Andrew Lai Chi-wah (Deputy Secretary for Financial Services and the Treasury (Treasury)2).

Mr Joseph Chan Ho-lim

Mr Chan (aged 42) has been appointed to the post of US for FS&T since 16 August 2017. He is currently a director of both the Financial Dispute Resolution Centre and the Hong Kong-Taiwan Economic and Cultural Cooperation and Promotion Council, an alternate director and an alternate member to S for FS&T on the respective Boards of Financial Services Development Council and West Kowloon Cultural District Authority.

Mr Chan has many years of senior executive experience in the banking industry. He was a managing director in Global Markets Division of Credit Agricole Corporate and Investment Bank and the Financial Markets of Standard Chartered Bank from 2016 to 2017 and from 2008 to 2015 respectively.

Prior to joining the Government of the Hong Kong Special Administrative Region (the 'HKSAR Government'), Mr Chan held multiple roles in various public and professional bodies, including being a vice president of the Hong Kong Society of Financial Analysts, a director of Hong Kong Securities and Investment Institute, an advisor of the Chinese Gold and Silver Exchange Society, and a member of the General Committee of Hong Kong General Chamber of Commerce. He was also a member of the Central and Western District Council.

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Mr Chan holds a Bachelor of Arts degree in Economics (Honours) and Psychology from the University of Michigan, the United States of America. He is also a Chartered Financial Analyst of CFA Institute and a senior fellow of the Hong Kong Securities and Investment Institute.

As at the date of this announcement, Mr Chan does not have any interest in and does not hold any short positions in any shares or underlying shares in or any debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the 'SFO').

Ms Lau Yim (also known as Ms Alice Lau Yim)

Ms Lau (aged 50) has been appointed to the post of PS for FS&T(T) since 17 July 2017. She joined the Administrative Service of the Hong Kong Government in August 1990 and rose to the rank of Administrative Officer Staff Grade A in April 2014. Ms Lau had served in various policy bureaux and departments, including the former Monetary Affairs Branch, the former Chief Secretary's Office, the former Central Policy Unit, the former Constitutional Affairs Branch, the former Finance Bureau, the Chief Secretary for Administration's Office, the former Economic Services Bureau, the former Commerce, Industry and Technology Bureau and the Food and Environmental Hygiene Department. She was the Deputy Secretary for Financial Services and the Treasury (Treasury) from March 2010 to March 2012, the Secretary-General, Office of the Chief Executive-elect from March 2012 to June 2012, and the Permanent Secretary, Chief Executive's Office from July 2012 to July 2017.

Ms Lau is currently a member of The Hong Kong Housing Authority and an alternate member to S for FS&T on the Board of Airport Authority Hong Kong.

Ms Lau holds a Bachelor of Social Science degree from The University of Hong Kong.

As at the date of this announcement, Ms Lau is interested in 1,116 shares of the Company within the meaning of Part XV of the SFO as recorded in the register required to be kept under section 352 of the SFO or as otherwise notified to the Company and The Stock Exchange of Hong Kong Limited pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers as contained in Appendix 10 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Listing Rules').

Both Mr Chan and Ms Lau have not entered into any contract of service with the Company nor are they appointed for a specific term. Both of them do not receive any emoluments from the Company.

Unless otherwise disclosed above, as at the date of this announcement, Mr Chan and Ms Lau:

(a)have not held any other directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas, and do not hold any other position with the Company or its subsidiaries; and

(b)are not related to any Directors, senior management or substantial or controlling shareholder of the Company except that they hold the posts of US for FS&T and PS for FS&T(T) respectively in the HKSAR Government. The Financial Secretary Incorporated, a controlling shareholder of the Company, holds shares in the Company in trust for the HKSAR Government.

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In respect of the appointments of Mr Chan and Ms Lau, there is no other information which is discloseable pursuant to any of the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules, and there is no other matter relating to their appointments, other than as stated above, which needs to be brought to the attention of the holders of securities of the Company pursuant to Rule 13.51(2) of the Listing Rules.

By Order of the Board

Gillian Elizabeth Meller

Company Secretary

Hong Kong, 2 May 2019

As at the date of this Announcement:

Members of the Board: Professor Frederick Ma Si-hang(Chairman)**, Dr Jacob Kam Chak-pui (Chief Executive Officer), Rex Auyeung Pak-kuen**, Andrew Clifford Winawer Brandler*, Dr Pamela Chan Wong Shui*, Dr Dorothy Chan Yuen Tak-fai*, Vincent Cheng Hoi-chuen*, Dr Anthony Chow Wing-kin*, Dr Eddy Fong Ching*, James Kwan Yuk-choi*, Lau Ping-cheung, Kaizer*, Rose Lee Wai-mun*, Lucia Li Li Ka-lai*, Abraham Shek Lai-him*, Benjamin Tang Kwok-bun*, Dr Allan Wong Chi-yun*, Johannes Zhou Yuan*, James Henry Lau Jr (Secretary for Financial Services and the Treasury)**, Secretary for Transport and Housing (Frank Chan Fan)**, Permanent Secretary for Development (Works) (Lam Sai-hung)** and Commissioner for Transport (Mable Chan)**

Members of the Executive Directorate: Dr Jacob Kam Chak-pui, Roger Francis Bayliss, Margaret Cheng Wai-ching, Dr Peter Ronald Ewen, Herbert Hui Leung-wah, Adi Lau Tin-shing, Gillian Elizabeth Meller, Linda So Ka-pik, David Tang Chi-fai and Jeny Yeung Mei-chun

*independent non-executive Director

**non-executiveDirector

This announcement is made in English and Chinese. In case of any inconsistency, the English version shall prevail.

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