SJM : CLOSING OF THE ISSUANCE OF HK$1,250,000,000 3.9% SENIOR NOTES DUE 2026 AND MOP300,000,000 3.9% SENIOR NOTES DUE 2026

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 informational purposes only and is not an offer to sell or the solicitation of an offer to buy securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

This announcement is not an offer of securities for sale or the solicitation of an offer to buy securities in the United States or in any country or jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such country or jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and will contain detailed information about the Company and management, as well as financial statements. The Company has not registered and does not intend to register any of the Notes in the United States.

CLOSING OF THE ISSUANCE OF

HK$1,250,000,000 3.9% SENIOR NOTES DUE 2026

AND

MOP300,000,000 3.9% SENIOR NOTES DUE 2026

References are made to the Company's announcements (the "Announcements") dated 5 May 2021 and 6 May 2021 in relation to the issuance of HK$1,250,000,000 3.9% senior notes due 2026 (the "HK$ Notes") and MOP300,000,000 3.9% senior notes due 2026 (the "MOP Notes", and together with the HK$ Notes, the "Notes"). Unless otherwise defined in this announcement, capitalised terms used in the Announcements shall have the same meaning when used in this announcement.

The Board is pleased to announce the closing of the issuance of the Notes on 12 May 2021. The Notes will be listed on the MOX on 13 May 2021.

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PRINCIPAL TERMS OF THE HK$ NOTES

Issuer	:	Champion Moments Limited
Guarantor	:	The Company
Aggregate principal amount	:	HK$1,250,000,000
Offering price	: 100.00% of the principal amount of the HK$ Notes
Issue date	:	12 May 2021
Interest rate	: 3.90% per annum payable semi-annually in arrears on 12
		May and 12 November of each year. Interest will accrue
		from 12 May 2021
Maturity date	: 12 May 2026, unless earlier redeemed in accordance with
		terms thereof
First interest	:	12 November 2021
payment due date
Securities Codes	:	ISIN: MO000A3KNNJ8
PRINCIPAL TERMS OF THE MOP NOTES
Issuer	:	Champion Moments Limited
Guarantor	:	The Company
Aggregate principal amount	:	MOP300,000,000
Offering price	: 100.00% of the principal amount of the MOP Notes
Issue date	:	12 May 2021
Interest rate	: 3.90% per annum payable semi-annually in arrears on 12
		May and 12 November of each year. Interest will accrue
		from 12 May 2021
Maturity date	: 12 May 2026, unless earlier redeemed in accordance with
		terms thereof
First interest	:	12 November 2021
payment due date
Securities Codes	:	ISIN: MO000A3KNNH2

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The net proceeds from the offering of the Notes will be approximately HK$1,240 million and MOP298 million after deducting the discounts of the Initial Purchasers and estimated offering expenses payable by the Company. The Company intends to use approximately 90% of the net proceeds from the proposed offering for refinancing the Syndicated Credit Facilities and the balance for general corporate purposes.

By Order of the Board

SJM Holdings Limited

Ho Chiu Fung, Daisy

Chairman and Executive Director

Hong Kong, 12 May 2021

As at the date of this announcement, the executive directors of the Company are Ms. Ho Chiu Fung, Daisy, Mr. Fok Tsun Ting, Timothy, Deputada Leong On Kei, Angela, Dr. So Shu Fai, Dr. Chan Un Chan and Mr. Shum Hong Kuen, David, the non-executive directors of the Company are Mr. Ng Chi Sing and Mr. Tsang On Yip, Patrick and the independent non-executive directors of the Company are Mr. Chau Tak Hay, Hon. Shek Lai Him, Abraham, Mr. Tse Hau Yin and Ms. Wong Yu Pok, Marina.

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