Techtronic Industries : GRANT OF SHARE OPTIONS

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.

TECHTRONIC INDUSTRIES CO. LTD.

創科實業有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 669) GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of Techtronic Industries Company Limited (the "Company") announces that on 19 June 2017, the Company has granted an aggregate of 485,000 share options (the "Options") to certain director and employees of the Company (the "Grantees") to subscribe for ordinary shares in the capital of the Company (the "Shares") pursuant to the share option scheme adopted by the Company on 19 May 2017, subject to acceptance of the Grantees. A summary of such grant is set out below:

Date of grant : 19 June 2017

Exercise price of Options granted : HK$36.30 per Share

Number of Options granted : 485,000

Closing price of the Shares on the date of grant : HK$36.30 per Share

Validity period of the Options : 19 June 2017 to 18 June 2027

Among the Options granted, 135,000 Options were granted to Mr. Johannes-Gerhard Hesse who is an independent non-executive director, which was approved by the independent non-executive directors (excluding independent non-executive director who is the Grantee of the respective Options).

Save as disclosed herein, the Grantees are neither director, chief executive nor substantial shareholder of the Company nor associate (as defined in the Listing Rules) of any of them.

By Order of the Board

Techtronic Industries Company Limited Veronica Ka Po Ng

Company Secretary

Hong Kong, 19 June 2017

As at the date of this announcement, the Board comprises five Group Executive Directors, namely Mr. Horst Julius Pudwill (Chairman), Mr. Stephan Horst Pudwill (Vice Chairman), Mr. Joseph Galli Jr. (Chief Executive Officer), Mr. Patrick Kin Wah Chan and Mr. Frank Chi Chung Chan, two Non-executive Directors, namely, Prof. Roy Chi Ping Chung BBS JP and Mr. Camille Jojo and five Independent Non- executive Directors, namely, Mr. Christopher Patrick Langley OBE, Mr. Manfred Kuhlmann, Mr. Peter David Sullivan, Mr. Vincent Ting Kau Cheung and Mr. Johannes-Gerhard Hesse.