Huaneng Renewables : Disclosure of Dealings under Rule 22 of the Takeovers Code

Public Disclosure Form

14 December 2019

Voluntary conditional offer

Disclosure of dealings in the shares of Huaneng Renewables Corporation Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Purchase / Sale	Number of shares	Price per share	Resultant balance	Percentage of class
					(including those of	(including those of
					any person with whom	any person with whom
					there is an agreement	there is an agreement
					or understanding)	or understanding)
BlackRock, Inc.	13 December 2019	Purchase	36,000	$3.0300	357,904,321	7.1137%
		Purchase	91,660	$3.0300	357,995,981	7.1155%
		Purchase	630,000	$3.0300	358,625,981	7.1280%
		Purchase	24,000	$3.0392	358,649,981	7.1285%
		Purchase	90,000	$3.0300	358,739,981	7.1303%
		Purchase	82,000	$3.0329	9,920,000	0.1972%

End

Note:

Public Disclosure Form

BlackRock, Inc. is a Class (6) associate of the Offeree company by virtue of its holdings of ordinary shares in the Offeree company. Dealings were made for the account of discretionary investment clients.

ltem 1 indicates a transfer upon in-specie subscriptions by authorized participants.

ltems 2-5 reported in the Resultant balance and Percentage of class columns represents long positions in the ordinary H-shares issued by Huaneng Renewables Corporation Limited.

ltem 6 reported in the Resultant balance and Percentage of class columns represents short positions in the ordinary H-shares issued by Huaneng Renewables Corporation Limited.