Page 1. News Release

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1 Page 1 News Release To: Business/Finance/Property/News Page For immediate release Hongkong Land Breathes New Life into Wangfujing with Landmark Project WF CENTRAL Introducing WF CENTRAL, a premium lifestyle destination that marries the historic and modern to create a unique, complete lifestyle experience in Beijing BEIJING, 22 nd September 2016 Leading developer Hongkong Land today announced at the opening ceremony for the 5 th Beijing Wangfujing International Brand Festival that its premium lifestyle retail centre, WF CENTRAL, will partner with the local government and premium brands to revitalise and transform the historic area through five pillars, namely Luxury, Fashion & Lifestyle, Wellness, World Class Gastronomy, and Art & Culture. The opening ceremony was officiated by Mr Robert Wong, Chief Executive of Hongkong Land, and Beijing government officials including Ms Lin Wenyi, Vice-Chairman of the National Committee of CPPCC, and Mr Zhang Jiaming, Secretary of CPC Dongcheng District Committee. As a key partner in Wangfujing, Hongkong Land remains deeply committed and passionate about its WF CENTRAL project, said Mr Raymond Chow, Executive Director of Hongkong Land. WF CENTRAL represents a successful marriage of old and new elements to create unique retail and lifestyle experiences in the heart of Beijing. Its integration of cultural heritage, arts and retail is truly one of a kind. It also has unique design features such as the Gate House and Courtyard House that infuse multi-functional space with a historical dimension. WF CENTRAL is a lifestyle destination that stands as testament to Hongkong Land s ability to transform communities with diverse, sophisticated and attractive elements. WF CENTRAL is a significant milestone for both Hongkong Land and Wangfujing. Leveraging its experience and expertise in creating the vibrant CENTRAL commercial district of Hong Kong, the Company has now built a world-class, 150,000 sq. m. retail, fine dining and hospitality hub in the heart of Dongcheng District. The project promises to redefine the lifestyle experience in Dongcheng through an attractive mix of tenants offering high-end retail, contemporary fashion, fine and casual dining, wellness, beauty, and art and cultural experiences. WF CENTRAL s retail offerings, which focus on the pillars of Luxury, Fashion & Lifestyle and Wellness are targeted at sophisticated shoppers and will feature a definitive mix of new-to-market labels and top brands. World Class Gastronomy concepts range from an excellent selection of casual restaurants to fine dining. Many of these retail and food and beverage offerings will be firsts in Beijing and China. WF CENTRAL is dedicated to creating Unmissable Contemporary World Cultural Experiences that go beyond art to celebrate all dimensions of cultural creativity. It will host such experiences for the global citizens of Beijing, bring emotion, excitement and insight to modern life. 1

Page 2 The development also includes the 74-room Mandarin Oriental Wangfujing, Beijing, which will open in first half of 2018.

2 Page 2 The development also includes the 74-room Mandarin Oriental Wangfujing, Beijing, which will open in first half of Located on the top two floors, the hotel will provide exceptional service and exclusivity for discerning travellers. It has an extensive range of luxurious guestrooms and suites. Featuring two restaurants and a bar designed to become a destination in itself, Mandarin Oriental Wangfujing, Beijing will offer some of the finest cuisine in the city. Both restaurants will have direct access to a large external terrace providing majestic views of the city s attractions, while the bar will be connected to a private courtyard. Other facilities will include an all-encompassing Spa at Mandarin Oriental, a well-equipped gym and a 25-metre indoor swimming pool beneath a glazed roof. Hongkong Land continues to demonstrate long-term commitment and passion for bringing new life to the local community. During the International Brand Festival the Company also hosted a forum titled The Modernisation of Historical Wangfujing, which was attended by more than 300 delegates and guests. The discussion offered unique professional insights from esteemed speakers, focusing on the themes District Revitalisation Convergence of Interests and Brand Revolution for Market Evolution. Photo Caption 1: The 5 th Beijing International Brand Festival was officiated by Ms Lin Wenyi, Vice-Chairman of the National Committee of CPPCC (third from left), Mr Zhang Jiaming, Secretary of CPC Dongcheng District Committee (second from right) and Mr Robert Wong, Chief Executive of Hongkong Land (first from right) together with other officiating guests. 2

Page 3 Photo Caption 2: Mr Raymond Chow, Executive Director of Hongkong Land (right), presents a gift to Mr Zhang Jiaming, Secretary of CPC Dongcheng District

The gift also symbolises the continued collaboration between Hongkong Land and the Dongcheng District Government on the development of Dongcheng District as a

3 Page 3 Photo Caption 2: Mr Raymond Chow, Executive Director of Hongkong Land (right), presents a gift to Mr Zhang Jiaming, Secretary of CPC Dongcheng District Committee (left), to celebrate the establishment of WF CENTRAL. The gift also symbolises the continued collaboration between Hongkong Land and the Dongcheng District Government on the development of Dongcheng District as a world class destination that offers authentic new Beijing lifestyle experience. Photo Caption 3: Mr Raymond Chow, Executive Director of Hongkong Land, introduces the iconic landmark WF CENTRAL at the opening ceremony of the 5 th Beijing International Brand Festival. 3

4 Page 4 Photo Caption 4, 5, 6, 7, 8, 9 and 10 WF CENTRAL Located at the commercial heart of Wangfujing (rendering)* WF CENTRAL Prince s House 19 (rendering)* 4

5 Page 5 WF CENTRAL Mandarin Oriental Wangfujing, Beijing (rendering)* WF CENTRAL Wangfu Atrium (rendering)* 5

6 Page 6 WF CENTRAL The Bridge (rendering)* WF CENTRAL The Bridge (rendering)* 6

7 Page 7 WF CENTRAL The Green (rendering)* *These renderings are for general reference and information purposes only. Without limiting the generality of these terms, while Hongkong Land and WF CENTRAL will use reasonable endeavours to improve these renderings, Hongkong Land and WF CENTRAL are not responsible for any errors or omissions contained in these renderings. Hongkong Land and WF CENTRAL are not liable in any event for any damages whatsoever arising out of or related to the use of these renderings. WF CENTRAL WF CENTRAL is Hongkong Land s leading premium lifestyle retail centre in China at the commercial and political heart of the capital city, with the design and scale to both respect and revitalise the historic fabric of the Wangfujing area. Occupying a prime site of approximately 21,000 sq. m. on Wangfujing Street in Dongcheng District, Beijing, WF CENTRAL is bringing the community a total of 150,000 sq. m. gross floor area including a 74-room Mandarin Oriental hotel. The property will also offer 50,000 sq. m. of retail space. Bringing together an unparalleled range of luxury, fashion & lifestyle, wellness, world-class gastronomy and art & culture experiences, WF CENTRAL is set to offer an authentically-new Beijing lifestyle experience by providing the opportunity to find inspiration, enjoy culture and be part of a new global perspective. Located on the prosperous Wangfujing Street, WF CENTRAL is only a stone s throw away from the Forbidden City and the Central Business District of Beijing. It will provide 660 carpark spaces and is well served by the capital s public transportation and metro networks, including Wangfujing Station of Metro Line 1, Dengshikou Station of Line 5 and upcoming Wangfujing North Station on Line 8. 7

8 Page 8 Hongkong Land Hongkong Land is a listed leading 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 almost 800,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong and Singapore. Hongkong Land s properties attract the world s foremost companies and luxury brands. Its Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential and mixed-use projects under development in cities across Greater China and Southeast Asia, including a luxury retail centre at Wangfujing in Beijing. 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 as its primary listing, 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. - end - For further information, please contact: Hongkong Land Jennifer Lam jennifer.lam@hkland.com Burson Marsteller (Hong Kong) Kate Kwan kate.kwan@bm.com Burson Marsteller (Beijing) Vivian Tang vivian.tang@bm.com 8

9 Page 9 Project Fact Sheet Project Name : WF CENTRAL Location : Located on Wangfujing Street of Dongcheng District, Beijing, the project has its eastern frontage along Wangfujing Street and south-side boundary on Datian Shujing Hutong, with Chenguang Street to the west and Daruanfu Hotong to the north Site Acquisition : August 2011 Developer : Wangfu Central Real Estate Development Company Limited (majority-owned by Hongkong Land) Design Architect : Kohn Pedersen Fox Associates PC Main Contractor : Beijing Urban Construction Group Co., Ltd. Site Area : 21,000 sq. m. Gross Floor Area : 150,000 sq. m. Components : Retail some 50,000 sq. m. of high-end retail space Hotel 74-room Mandarin Oriental Wangfujing, Beijing Connectivity : Located along prosperous Wangfujing Street, the project will provide 660 carpark spaces and is well served by public transportation networks including Wangfujing Station on Metro Line 1 and Dengshikou Station on Line 5, and upcoming Wangfujing North Station on Line 8 Estimated Opening Date : Retail mall mid-2017 Hotel first half of 2018 Website : WF CENTRAL Hongkong Land 9

Hongkong Land Officially Opens WF CENTRAL in Beijing

News Release To: Business Editors For immediate release Hongkong Land Officially Opens WF CENTRAL in Beijing BEIJING, 29 th May 2018 - Hongkong Land today officially opened WF CENTRAL, its US$1.2 billion