Green Bond Fact Sheet

Hong Kong & China Gas

Date: 17-Apr-2018

Issue date: 24-Nov-2017 Maturity date: 24-Nov-2027 Tenor: 10Issuer Name

Hon Kong & China Gas

Amount Issued

JPY2bn (USD18m)

Country of risk

China (Hong Kong)

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond TypeGreen Bond

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☒ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☒ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☒ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☐ Recycling☐ Waste prevention☒ Pollution control☒ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The issuer will disclose information on proceed allocation in its annual Sustainability Report.
Environmental impact metrics - such as avoided or reduced GHG emissions (tCO2e), volumeof treated waste, volume of processed waste - will also be disclosed.

Hong Kong and China Gas produces, distributes and markets gas in Hong Kong andMainland China. The company also operates in the water utility, drainage, sewage,electricity and telecommunications sectors.

Firsts, records andcertifications
Proceeds description

The deal was issued to finance wastewater treatment, waste treatment, landfill gas
conversion to natural gas, biomass conversion to biofuels and other projects
related to renewable energy production and energy performance improvements.
The Green Bond Framework states that nuclear energy and energy efficiency
improvements related to fossil fuel technologies are excluded from the eligibleprojects.

Climate Bonds viewThe deal had previously been classified as pending due to insufficient information
on proceed allocation. We have now reassessed the deal taking into account theGreen Bond Framework and SPO and can confirm that the eligibility categories arealigned with the Climate Bonds Taxonomy.

Underwriters

CACIB

Deal comments
Credit Rating

A1 (Moody’s), A+ (S&P)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign