Kerry Properties Limited — Capital/Financing Update 2016

Sep 6, 2016

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.

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(Incorporated in Bermuda with limited liability)

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website: www.kerryprops.com (Stock Code: 683)

ANNOUNCEMENT ON THE TERMINATION OF THE CONNECTED TRANSACTION IN RELATION TO THE SALE AND PURCHASE OF THE ENTIRE INTERESTS IN COASTLINE INTERNATIONAL LIMITED

Reference is made to the announcement issued by the Company dated 12 August 2016 in relation to the Coastline Transaction (the “ Announcement ”). Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, pursuant to the Coastline SPA, Armada Property shall be permitted to solicit, discuss and negotiate a sale of the Sale Shares with any third party during the Go-Shop Period provided that, if by the end of the Go-Shop Period, no binding Third Party Agreement is entered into, all such solicitation, discussion and negotiation shall cease immediately. However, the Coastline SPA shall terminate immediately upon Armada Property entering into a Third Party Agreement with the Third Party Purchaser.

Further, upon being notified of a bona fide offer made by a potential Third Party Purchaser to Armada Property, Wealth Luck shall have a right to match any higher offer made by such potential Third Party Purchaser by notifying Armada Property within the requisite time period.

During the Go-Shop Period (which ended on 2 September 2016), the highest offer received by Armada Property from a Third Party Purchaser was HK$990,000,000. After careful consideration, Wealth Luck decided not to match such highest offer made by the Third Party Purchaser. Accordingly, Armada Property entered into a Third Party Agreement with the Third Party Purchaser on 2 September 2016 and the Coastline SPA was immediately terminated on the same date pursuant to the terms of the Coastline SPA.

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The Board considers that the decision to terminate the Coastline SPA is in the interests of the Company and its shareholders as a whole.

By order of the Board Kerry Properties Limited Li Siu Ching, Liz Company Secretary

Hong Kong, 6 September 2016

As at the date of this announcement, the Directors are:

Executive Directors: Messrs. Wong Siu Kong, Ho Shut Kan, Chin Siu Wa, Alfred and Bryan Pallop Gaw

Non-executive Director: Mr. Kuok Khoon Hua

Independent Non-executive Directors: Mr. Ku Moon Lun, Ms. Wong Yu Pok, Marina, JP and Mr. Chang Tso Tung, Stephen

The Directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.

* For identification purpose only

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