Hysan Development : Notice of Listing - U.S.$500,000,000 2.82 per cent. Guaranteed Notes due 2029 under the U.S.$1,500,000,000 Medium Term Note Programme of Hysan (MTN) Limited, which is unconditionally and irrevocably guaranteed by Hysan Development Company Limited

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

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

The Notes and the Guarantee 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 Notes may not be offered or sold into or within the United States or to, or for the account or benefit of, U.S. persons, 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. This notice is not for distribution, directly or indirectly, in or into the United States. This notice does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

HYSAN (MTN) LIMITED

(Incorporated in the British Virgin Islands with limited liability)

unconditionally and irrevocably guaranteed by

HYSAN DEVELOPMENT COMPANY LIMITED

希慎興業有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00014)

U.S.$500,000,000 2.82 PER CENT. GUARANTEED NOTES DUE 2029

UNDER ITS U.S.$1,500,000,000

MEDIUM TERM NOTE PROGRAMME

(Notes Stock Code: 5720)

Joint Lead Managers

Goldman Sachs (Asia) L.L.C.	J.P. Morgan
Mizuho Securities	UBS

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the U.S.$500,000,000 2.82 per cent. Guaranteed Notes due 2029 (the "Notes" ) under the U.S.$1,500,000,000 Medium Term Note Programme (the "Programme" ) by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only, as described in the Offering Circular dated 12 October 2018 and the pricing supplement dated 28 August 2019. The listing of and permission to deal in the Notes is expected to become effective on or about 5 September 2019.

By Order of the Boards of

Hysan Development Company Limited & Hysan (MTN) Limited

Lee Irene Yun-Lien

Chairman

Hong Kong, 4 September 2019

As at the date of this notice, the Board of Directors of Hysan Development Company Limited comprises: Lee Irene Yun-Lien (Chairman), Churchouse Frederick Peter**, Fan Yan Hok Philip**, Lau Lawrence Juen-Yee**, Poon Chung Yin Joseph**, Wong Ching Ying Belinda**, Jebsen Hans Michael* (Yang Chi Hsin Trevor as his alternate), Lee Anthony Hsien Pin* (Lee Irene Yun-Lien as his alternate), Lee Chien* and Lee Tze Hau Michael*, and the Board of Directors of Hysan (MTN) Limited comprises: Lee Irene Yun-Lien, Lui Kon Wai and Hao Shu Yan.

• Non-ExecutiveDirectors
• Independent Non-Executive Directors