HONGKONG SAR - Media OutReach - 26 November 2020 - Henderson Sunlight Asset Management Limited (the "Manager") is pleased to announce that Sunlight Real EstateInvestment Trust ("Sunlight REIT")has completed its first HK$300 million five-year medium term notes (the "Notes") today.  This successful inaugural Hong Kong dollarfixed-rate issuance marks a major milestone of Sunlight REIT, testifying to itscredit quality amidst a challenging economic environment.

Aspart of the US$1,000,000,000 guaranteed medium term note programme which was reactivatedin April this year, the Notes carry a tenor of five years and a coupon rate of 2.00%.CMB Wing Lung Bank Limited ("CMB WingLung") and CMB International Capital Limited ("CMBI") are the joint placing agents of the Notes.

Mr.Wu Shiu Kee, Keith, Chief Executive Officer of the Manager, said,"We are delighted to have partneredwith CMB Wing Lung and CMBI in launching this maiden medium term note issue ofSunlight REIT, with the competitive pricing of the Notes clearly demonstrating itsstrong capital market recognition. Similar to the Japanese yen 7,000 millionsustainability-linked loan completed last month, this financing exercise onceagain illustrates the Manager's commitment to diversifying Sunlight REIT'ssources of funding, while strengthening its exposure to fixed rate borrowing."

Mr.Wilson He, Assistant General Manager of CMB WingLung, said, "We are truly grateful to have such opportunity to support SunlightREIT's issuance of the Notes and it is a move to further underpin ourcollaboration in the future."

About Sunlight REIT

SunlightREIT (Stock code: 435) is a real estate investment trust authorized by theSecurities and Futures Commission and constituted by the trust deed dated 26May 2006 (as amended and supplemented by six supplemental deeds) (the "TrustDeed"), and has been listed on The Stock Exchange of Hong Kong Limited on21 December 2006. Sunlight REIT offers investors the opportunity to invest in adiversified portfolio of 11 office and five retail properties in Hong Kong witha total gross rentable area of over 1.2 million sq. ft.. The office propertiesare primarily located in core business areas, including Wan Chai and SheungWan, as well as in decentralized business areas such as Mong Kok and NorthPoint. The key retail properties are situated in regional transportation hubsand new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

About the Manager

The Manager of Sunlight REIT is anindirect wholly-owned subsidiary of Henderson Land Development Company Limited(恒基兆業地產有限公司). Its main responsibility is tomanage Sunlight REIT and all of its assets in accordance with the Trust Deed inthe sole interest of its unitholders.

Disclaimer: The information containedin this press release does not constitute an offer or invitation to sell or thesolicitation of an offer or invitation to purchase or subscribe for units inSunlight REIT in Hong Kong or any other jurisdiction.