MTR : (Re-published for debt holders information) Notice of Listing of CNY1,000,000,000 2.9% Fixed Rate Notes due 2024 to be issued by MTR Corporation Limited under its US$7,000,000,000 Debt Issuance Programme

THE CONTENT OF THIS ANNOUNCEMENT HAS BEEN PUBLISHED USING EQUITY STOCK CODE (STOCK CODE: 66) ON 24 MARCH 2021 AND IS NOW REPUBLISHED USING DEBT STOCK CODE (STOCK CODE: 85962) FOR THE DEBT HOLDERS INFORMATION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement.

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

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.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

MTR CORPORATION LIMITED 香港鐵路有限公司

(incorporated in Hong Kong under the Companies Ordinance with limited liability) (the "Issuer")

(Stock Code: 66)

CNY1,000,000,000 2.9% Fixed Rate Notes due 2024 (the "Notes")

(Stock Code: 85962)

to be issued under the Issuer's US$7,000,000,000

Debt Issuance Programme (the "Programme")

Dealer

Crédit Agricole CIB

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Notes as described in the Offering Circular dated 30 October 2020 in respect of the Programme and the Pricing Supplement dated 19 March 2021 in respect of the Notes. The Notes will be offered 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. Permission to deal in the Notes is expected to become effective on 25 March 2021.

24 March 2021

Members of the Board of the Issuer: Dr Rex Auyeung Pak-kuen (Chairman)**, Dr Jacob Kam Chak-pui (Chief Executive Officer), Andrew Clifford Winawer Brandler*, Dr Bunny Chan Chung-bun*, Walter Chan Kar-lok*, Dr Pamela Chan Wong Shui*, Dr Dorothy Chan Yuen Tak-fai*, Cheng Yan-kee*, Dr Anthony Chow Wing-kin*, Dr Eddy Fong Ching*, James Kwan Yuk-choi*, Rose Lee Wai-mun*, Lucia Li Li Ka-lai*, Jimmy Ng Wing-ka*, Benjamin Tang Kwok-bun*, Johannes Zhou Yuan*, Christopher Hui Ching-yu (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 (Rosanna Law Shuk-pui)**

Members of the Executive Directorate of the Issuer: Dr Jacob Kam Chak-pui, Adi Lau Tin-shing, Roger Francis Bayliss, Margaret Cheng Wai-ching, Linda Choy Siu-min, Herbert Hui Leung-wah, Dr Tony Lee Kar-yun, Gillian Elizabeth Meller, David Tang Chi-fai and Jeny Yeung Mei-chun

* **

independent non-executive Director non-executive Director