Hysan Development : Grant of Share Options

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.

Hysan Development Company Limited

希 慎 興 業 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code：00014)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Listing Rules.

The Board announces that on 29 March 2019, a total of 792,000 Options to subscribe for Shares were granted under the Share Option Scheme adopted on 15 May 2015 to certain eligible employees of the Company (subject to their respective acceptance) with details as follows:

Date of Grant	:	29 March 2019
Number of Options Granted	:	792,000
Exercise Price	:	HK$42.05
Closing Price of Shares on Date of Grant	:	HK$42.05
Validity Period (Exercise Period) (Note)	: 29 March 2020 - 28 March 2029

Note:

All the Options granted have a vesting period of 3 years in equal proportions starting from the 1st anniversary and become fully vested on the 3rd anniversary of the grant. "Exercise Period" begins with the 1st anniversary of the grant date.

DEFINITIONS

Unless the context otherwise requires, capitalised terms used in this announcement shall have the following meanings:

"Board"	the board of Directors of the Company;
"Directors"	the director(s) of the Company;
"HK$"	Hong Kong dollars, the lawful currency of Hong Kong;
"Hong Kong"	the Hong Kong Special Administrative Region of the People's
	Republic of China;

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"Company"	Hysan Development Company Limited, a company incorporated in
	Hong Kong with limited liability, the Shares of which are listed on
	the Main Board of the Stock Exchange;
"Listing Rules"	Rules Governing the Listing of Securities on the Stock Exchange;
"Options"	share options granted under the Share Option Scheme;
"Share(s)"	ordinary share(s) of the Company;
"Share Option Scheme"	share option scheme adopted at the Company's annual general
	meeting held on 15 May 2015, which has a term of 10 years and
	will expire on 14 May 2025; and
"Stock Exchange"	The Stock Exchange of Hong Kong Limited.

By Order of the Board

Cheung Ka Ki

Company Secretary

Hong Kong, 29 March 2019

As at the date of this announcement, the Board 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*.

*Non-ExecutiveDirectors

**Independent Non-Executive Directors

This announcement is published on the websites of the Company (www.hysan.com.hk) and the Stock Exchange (www.hkexnews.hk).

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