HK Electric Investments and HK Electric Investments : Notice of Listing on The Stock Exchange of Hong Kong Limited of the U.S.$500,000,000 1.875 per cent. notes due 2030 under the U.S.$5,000,000,000 Medium Term Note Programme of Hongkong Electric Finance Limited and unconditionally and irrevocably guaranteed by The Hongkong Electric Company, Limited

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes are being offered and sold outside the United States to non-U.S. persons (as defined in Regulation S under the Securities Act) in reliance on Regulation S under the Securities Act. This announcement is not for distribution, directly or indirectly, in or into the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

HONGKONG ELECTRIC FINANCE LIMITED

(incorporated with limited liability under the laws of the British Virgin Islands)

(the "Issuer")

unconditionally and irrevocably guaranteed by

THE HONGKONG ELECTRIC COMPANY, LIMITED

香 港 電 燈 有 限 公 司

(incorporated with limited liability in Hong Kong)

U.S.$500,000,000 1.875 per cent. notes due 2030 (the "Notes")

(Stock Code: 40359)

to be issued under the Issuer's

U.S.$5,000,000,000 Medium Term Note Programme

Joint Lead Managers

BNP PARIBAS

Citi

HSBC

Mizuho Securities Asia Limited

Morgan Stanley

SMBC Nikko Capital Markets Limited

UBS

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Notes as described in both the Offering Circular dated 11 August 2020 and the pricing supplement dated 20 August 2020. The Notes will be offered 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 in the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)) only. The listing of the Notes is expected to become effective on or about 28 August 2020.

27 August 2020

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As at the date of this notice:

The Directors of Hongkong Electric Finance Limited are Mr. WAN Chi Tin, Mr. CHAN Loi Shun and Mr. WONG Kim Man.

The Directors of The Hongkong Electric Company, Limited are Mr. FOK Kin Ning, Canning (Chairman) (Mrs. CHOW WOO Mo Fong, Susan as his alternate), Mr. WAN Chi Tin (Managing Director), Mr. Fahad Hamad A H AL-MOHANNADI, Mr. Ronald Joseph ARCULLI, M r . C H A N L o i S h u n , M r . C H E N D a o b i a o , M r . C H E N G C h o Y i n g , F r a n c i s , Mr . DUAN Guangming, Dr . FONG Chi Wai, Alex, Mr . Deven Arvind KARNIK, Mr. KWAN Kai Cheong, Mr. LEE Lan Yee, Francis, Mr. LI Tzar Kuoi, Victor (Mr. Frank John SIXT as his alternate), Mr. George Colin MAGNUS, Mr. Donald Jeffrey ROBERTS, Mr. Ralph Raymond SHEA and Mr. ZHU Guangchao.

This notice is also available on the website of HK Electric Investments Limited at www.hkei.hk.

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