Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name: David Patrick Lamb

2

Reason for the notification

a)

Position/Status: Group Counsel

b)

Initial notification/Amendment: Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name: Hongkong Land Holdings Limited

b)

LEI: N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument:

Shadow share options, being a right to exercise such options in return for cash

Identification code: BMG4587L1090

b)

Nature of the transaction:

Exercise of shadow share options, entitling the option holder to receive cash equivalent to the difference between the allocation price of US$4.548 and the market price of the underlying shares on the trading day preceding the date of exercise

c)

Price(s) and Volume(s):

Price(s)US$4.548

Volume(s)50,000

d)

Aggregated price:Aggregated volume:

N/A - Single transaction

e)

Date of the transaction: 22nd September 2016

f)

Place of the transaction: Outside a trading venue