Hongkong Land successfully prices its first green bond

HONG KONG,July 7,2021 -- Hongkong Land today announced that it has successfully priced its inaugural green bond (the "bond"),raising US$500 million at a coupon rate of 2.25% per annum with a 10-year maturity.

The bond was allocated to a mix of Asian and European institutional investors,and was three times oversubscribed.The successful pricing of this bond underscores Hongkong Land's commitment to both sustainability and development of green financing in the region.

The net proceeds from this inaugural green bond will be used to fund the Group's initiatives that relate to green buildings,energy efficiency,renewable energy,clean transportation,sustainable water management,and climate change adaptation in accordance with the newly established Hongkong Land Green Financing Framework (the "GFF").

Mr Simon Dixon,Chief Financial Officer of Hongkong Land,said,"The successful pricing of Hongkong Land's first green bond represents another significant step taken by the Group towards integrating sustainability in all aspects of our business,and further underscores our ongoing commitment to the development of green capital markets."

The bond has been rated A2 and A by Moody's and S&P Global Ratings,respectively.

Approval in principle has been received from the Singapore Exchange (the "SGX") for the bonds to be admitted to the Official List of the SGX Main Board.

Hongkong Land's GFF received a full alignment opinion from S&P Global Ratings with respect to the latest Green Bond Principles issued by the International Capital Market Association and Green Loan Principles issued by the Loan Market Association.

The Hongkong and Shanghai Banking Corporation Limited acted as the green structuring advisor and the sole global coordinator.Bank of China (Hong Kong) Limited,DBS Bank Ltd.,and The Hongkong and Shanghai Banking Corporation Limited acted as joint lead managers and joint bookrunners for the offering.

Hongkong Land

Hongkong Land is a major listed property investment,management and development group. Founded in 1889,Hongkong Land's business is built on excellence,integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities,principally in Hong Kong,Singapore,Beijing and Jakarta.Its properties attract the world's foremost companies and luxury brands.

The Group's Central Hong Kong portfolio represents some 450,000 sq. m. of prime property.It has a further165,000 sq. m. of prestigious office space in Singapore mainlyheld through joint ventures,a luxury retail centre at Wangfujing in Beijing,and a 50% interest in a leading office complex in Central Jakarta.The Group also has a number of high quality residential,commercial and mixed-use projects under development in cities across China and Southeast Asia.In Singapore,its subsidiary,MCL Land,is a well-established residential developer.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange,with secondary listings in Bermuda and Singapore.The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited.Hongkong Land is a member of the Jardine Matheson Group.

For further information,please contact:

Hongkong Land

Simon Dixon

+852 2842 8101

simon.dixon@hkland.com

Polly Woo

+852 2842 8381

pwoo@hkland.com

Mark Lam

+852 2842 8211

mark.lam@hkland.com

Golin

Janniefer Chan

+852 2501 7939

jchan@golin.com

Katherine Ng

+852 2501 7925

kng@golin.com