Orient Overseas International : DECLARATION AND PAYMENT OF A SPECIAL DIVIDEND AND CLOSURE OF REGISTER OF MEMBERS

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.

ORIENT OVERSEAS (INTERNATIONAL) LIMITED

東 方 海 外 ( 國 際 ) 有 限 公 司 *

(Incorporated in Bermuda with members' limited liability)

(Stock Code: 316)

DECLARATION AND PAYMENT OF A SPECIAL DIVIDEND

AND

CLOSURE OF REGISTER OF MEMBERS

Reference is made to the announcement of Orient Overseas (International) Limited (the "Company") dated 26 November 2019 in relation to the notice of meeting of the board of directors (the "Board") of the Company in relation to the proposed declaration and payment of a special dividend.

The Board is pleased to announce a special dividend of US$1.6 (HK$12.48 at the exchange rate of US$1:HK$7.8) per ordinary share of the Company (the "Special Dividend") to be paid on 3 February 2020 to the shareholders of the Company whose names appear on the register of members of the Company on 27 December 2019. Shareholders should complete the dividend election form (if applicable) and return it to the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited (the "Branch Share Registrar") at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, not later than 4:30 p.m. on 16 January 2020.

The register of members of the Company will be closed from 23 December 2019 to 27 December 2019, both days inclusive, during which period no transfer of shares will be registered. In order to qualify for the Special Dividend, all share transfer documents must be accompanied with the relevant share certificates and lodged with the Branch Share Registrar at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on 20 December 2019.

By Order of the Board

Orient Overseas (International) Limited

Lammy LEE

Company Secretary

Hong Kong, 6 December 2019

As at the date of this announcement, our Executive Directors are Mr. XU Lirong, Mr. WANG Haimin, Mr. YANG Zhijian, Mr. FENG Boming and Mr. TUNG Lieh Cheung Andrew; our Non -Executive Directors are Mr. YAN Jun, Ms. WANG Dan, Mr. IP Sing Chi and Ms. CUI Hongqin; and our Independent Non-Executive Directors are Mr. CHOW Philip Yiu Wah, Dr. CHUNG Shui Ming Timpson, Mr. YANG Liang Yee Philip, Ms. CHEN Ying and Mr. SO Gregory Kam Leung.

• For identification purposes only website: http://www.ooilgroup.com