PR049/16 13 June 2016

MTR Corporation Signs HK$25,000 Million Three-Year Term Loan and Five-Year Revolving Credit Facility

The MTR Corporation today (13 June 2016) signed a HK$25,000 million syndicated loan facility with a group of 21 major banks and financial institutions from across Asia (including , the Mainland of China, and Japan), Australia, the Middle East, Europe, and North America.

The facility comprises a 3-year tranche (“Tranche A”) for HK$12,500 million and a 5-year tranche (“Tranche B”) for HK$12,500 million totaling HK$25,000 million. Tranche A is a term loan facility with an available drawdown period of six months. Tranche B is a revolving credit facility with an available drawdown period of five years. The interest margin is 0.54% over HIBOR for the 3-year tranche and 0.64% p.a. over HIBOR for the 5-year tranche, giving an all-in pricing of 0.63% p.a. and 0.73% p.a. over HIBOR respectively. The proceeds of the facility will be used for general corporate purposes.

Launched at HK$15,000 million on 15 February 2016, the facility received favourable market response and overwhelming bank demand during syndication, resulting in heavy subscription of HK$29,550 million or close to two times the launch amount. In light of the tremendous support from banks, the attractive terms of the facility, and the Corporation’s future funding requirements going forward, the Corporation decided to increase the amount of the facility to HK$25,000 million.

“We would like to thank all the banks for their commitment to this landmark transaction and tremendous support to the Corporation, reflecting their trust and confidence in the strong financial position and future of MTR. It is especially pleasing to note that the 3-year pricing is the lowest in the Hong Kong dollar loan market since the 2008 global financial crisis, and that the 5-year pricing is also the lowest amongst current outstanding 5-year facilities in the loan market,” said Mr Lincoln Leong, Chief Executive Officer of MTR Corporation.

The group of 21 banks and financial institutions and their respective roles are as follows:

Mandated Lead Arrangers & Bookrunners (Hong Kong) Limited The Bank of Tokyo-Mitsubishi UFJ, Ltd. The Hongkong and Shanghai Banking Corporation Limited Mizuho Bank, Ltd.

Mandated Lead Arrangers Agricultural Bank of China Limited Hong Kong Branch Limited Co., Ltd. Hong Kong Branch Citi China Development Bank Corporation Hong Kong Branch

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Lead Arrangers Corporation, Hong Kong Branch Crédit Industriel et Commercial, Singapore Branch Industrial and Commercial Bank of China (Asia) Limited National Bank of Abu Dhabi PJSC, Hong Kong Branch Sumitomo Mitsui Trust Bank, Limited

Arrangers Sumitomo Mitsui Banking Corporation Australia and New Zealand Banking Group Limited First Commercial Bank, Ltd., Hong Kong Branch Bank of America Merrill Lynch Commonwealth Bank of Australia National Australia Bank Limited The Shanghai Commercial & Savings Bank, Ltd. Hong Kong Branch

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About MTR Corporation

MTR Corporation is regarded as one of the world’s leading railway operators for safety, reliability, customer service and cost efficiency. In its home base of Hong Kong, the Corporation operates nine commuter railway lines, a Light Rail network and a high-speed Airport Express link on which more than 5.5 million passenger trips are made on a normal week day. Another 5 million passenger trips are made on the rail services it operates outside Hong Kong in the Mainland of China, the United Kingdom, Sweden and Australia. In addition, the Corporation is involved in a range of railway construction projects as well as railway consultancy and contracting services around the world. Leveraging on its railway expertise, the Corporation is involved in the development of transit-related residential and commercial property projects, property management, shopping malls leasing and management, advertising media and telecommunication services.

For more information about MTR Corporation, please visit www..com.hk.