For immediate release

Wharf Medium Term NoteProgramme

January 23, 2014, Hong Kong-The Wharf (Holdings) Limited (stock code: 4) today submitted to the Stock Exchange of Hong Kong Limited an application for the listing of and permission to deal in the US$400 million, 3.5% Guaranteed Notes due 2019 ("the Notes") to be issued under the US$5 billion Medium Term Note Programme ("Programme") , as described in the Offering Circular dated September 13, 2013 and the Pricing Supplement dated January 15, 2014, by way of an issue to professional investors only. The listing of and permission to deal in the Notes is expected to become effective on January 24, 2014.

The Programme is an efficient funding facility for companies to access the international and domestic capital markets in different currencies and amounts from time to time. US$5 billion represents the maximum amount of notes which may in aggregate be outstanding at any time. Companies are required to submit an application for the renewal of the scheme annually.

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