Markets Wired

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1.         KEY INFORMATION

(a) Name of exempt principal trader:	The HongKong and Shanghai Banking Corporation Limited
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree	Hong Kong Exchanges and Clearing Limited
(c) Name of the party to the offer with which exempt principal trader is connected:	Hong Kong Exchanges and Clearing Limited
(d) Date position held/dealing undertaken:   For an opening position disclosure, state the latest practicable date prior to the disclosure	3 October 2019
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?   If it is a cash offer or possible cash offer, state “N/A”	YES / NO / N/A If YES, specify which: London Stock Exchange Group plc

2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	7,211,119	0.572	20,744	0.002
(2) Cash-settled derivatives:	840,500	0.067	2,116,607	0.168
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	748,269	0.059	607,701	0.048
TOTAL:	8,799,888	0.698	2,745,052	0.218

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary Shares	Purchase	83,215	244.449 HKD	225.200 HKD
Ordinary Shares	Sale	94,240	230.000 HKD	225.000 HKD

                       

(b)        Cash-settled derivative transactions

Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit
	e.g. CFD	e.g. opening/closing a long/short position, increasing/reducing a long/short position
Ordinary Shares	Call Option	Reducing a Short Position	212700	0.126
Ordinary Shares	Put Option	Increasing a Short Position	18100	0.036
Ordinary Shares	Call Option	Increasing a Short Position	212200	0.127
Ordinary Shares	Call Option	Increasing a Short Position	103300	0.075
Ordinary Shares	Call Option	Increasing a Short Position	86900	0.051
Ordinary Shares	Put Option	Increasing a Short Position	6000	0.268
Ordinary Shares	Put Option	Reducing a Short Position	6000	0.267
Ordinary Shares	Put Option	Reducing a Short Position	25000	0.035
Ordinary Shares	Put Option	Increasing a Short Position	132400	0.170
Ordinary Shares	Put Option	Reducing a Short Position	131100	0.169
Ordinary Shares	Call Option	Reducing a Short Position	8500	0.037
Ordinary Shares	Call Option	Reducing a Short Position	60600	0.069
Ordinary Shares	Call Option	Increasing a Short Position	8500	0.037
Ordinary Shares	Call Option	Increasing a Short Position	58600	0.070
Ordinary Shares	Call Option	Reducing a Short Position	105300	0.074
Ordinary Shares	Call Option	Reducing a Short Position	68600	0.102
Ordinary Shares	Call Option	Increasing a Short Position	67100	0.102
Ordinary Shares	Call Option	Reducing a Short Position	85200	0.051
Ordinary Shares	Call Option	Reducing a Short Position	59200	0.130
Ordinary Shares	Call Option	Reducing a Short Position	300	0.053
Ordinary Shares	Call Option	Reducing a Short Position	5000	0.031
Ordinary Shares	Call Option	Reducing a Short Position	53200	0.171
Ordinary Shares	Call Option	Increasing a Short Position	12300	0.045
Ordinary Shares	Call Option	Reducing a Short Position	3800	0.054
Ordinary Shares	Call Option	Reducing a Short Position	72700	0.107
Ordinary Shares	Call Option	Increasing a Short Position	65900	0.133
Ordinary Shares	Call Option	Increasing a Short Position	5300	0.031
Ordinary Shares	Call Option	Increasing a Short Position	68900	0.105
Ordinary Shares	Call Option	Increasing a Short Position	13500	0.040
Ordinary Shares	Call Option	Reducing a Short Position	200	0.071
Ordinary Shares	Call Option	Reducing a Short Position	13700	0.039
Ordinary Shares	Call Option	Increasing a Short Position	56500	0.172
Ordinary Shares	Call Option	Increasing a Short Position	100	0.058
Ordinary Shares	Call Option	Increasing a Short Position	1100	0.060
Ordinary Shares	Call Option	Reducing a Short Position	200	0.081
Ordinary Shares	Put Option	Increasing a Short Position	2200	0.395
Ordinary Shares	Put Option	Reducing a Short Position	6800	0.352
Ordinary Shares	Put Option	Reducing a Short Position	37100	0.171
Ordinary Shares	Put Option	Increasing a Short Position	1600	0.025
Ordinary Shares	Put Option	Reducing a Short Position	53500	0.082
Ordinary Shares	Put Option	Increasing a Short Position	12100	0.217
Ordinary Shares	Put Option	Reducing a Short Position	10600	0.218
Ordinary Shares	Put Option	Increasing a Short Position	10900	0.265
Ordinary Shares	Put Option	Reducing a Short Position	2200	0.390
Ordinary Shares	Put Option	Reducing a Short Position	1800	0.305
Ordinary Shares	Put Option	Reducing a Short Position	2800	0.024
Ordinary Shares	Put Option	Reducing a Short Position	8800	0.267
Ordinary Shares	Put Option	Increasing a Short Position	53500	0.082
Ordinary Shares	Put Option	Increasing a Short Position	1800	0.310
Ordinary Shares	Put Option	Increasing a Short Position	6800	0.352
Ordinary Shares	Put Option	Increasing a Short Position	35700	0.157

(c)        Stock-settled derivative transactions (including options)

1. Writing, selling, purchasing or varying
2. Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type	Expiry date
					e.g. American, European etc.
Ordinary Shares	Put Option	Purchased	1980	186.97		30/12/19
Ordinary Shares	Put Option	Purchased	3930	191.90		28/11/19
Ordinary Shares	Put Option	Purchased	4641	203.87		30/03/20
Ordinary Shares	Put Option	Purchased	3060	203.30		30/12/19
Ordinary Shares	Put Option	Purchased	1435	214.08		30/12/19
Ordinary Shares	Put Option	Purchased	28240	215.46		30/03/20
Ordinary Shares	Put Option	Purchased	14680	216.03		30/10/19
Ordinary Shares	Call Option	Written	12300	291.90		30/10/19
Ordinary Shares	Call Option	Written	11475	292.52		28/11/19
Ordinary Shares	Call Option	Written	1400	280.00		30/12/19
Ordinary Shares	Call Option	Written	3300	265.00		30/03/20
Ordinary Shares	Put Option	Purchased	200	275.00		30/12/19
Ordinary Shares	Put Option	Written	10000	275.00		30/03/20
Ordinary Shares	Call Option	Written	30000	275.00		30/03/20
Ordinary Shares	Put Option	Purchased	3300	265.00		30/03/20
Ordinary Shares	Put Option	Purchased	13320	220.02		30/03/20
Ordinary Shares	Put Option	Written	4063	235.00		30/12/19
Ordinary Shares	Call Option	Purchased	3300	265.00		28/11/19
Ordinary Shares	Put Option	Purchased	6600	205.00		30/12/19
Ordinary Shares	Call Option	Written	3300	255.00		30/10/19
Ordinary Shares	Call Option	Written	3300	255.00		28/11/19
Ordinary Shares	Put Option	Purchased	3300	220.00		30/12/19
Ordinary Shares	Put Option	Purchased	3300	235.00		30/10/19
Ordinary Shares	Put Option	Written	3300	215.00		30/12/19
Ordinary Shares	Put Option	Purchased	3000	240.00		30/03/20
Ordinary Shares	Put Option	Purchased	5320	203.30		30/10/19
Ordinary Shares	Call Option	Written	2000	285.00		30/12/19
Ordinary Shares	Put Option	Purchased	24000	230.00		30/12/19
Ordinary Shares	Put Option	Purchased	3900	185.35		30/12/19
Ordinary Shares	Put Option	Purchased	4420	217.17		30/10/19
Ordinary Shares	Call Option	Written	20400	293.14		30/03/20
Ordinary Shares	Put Option	Written	448	235.00		30/12/19
Ordinary Shares	Put Option	Written	2500	200.00		30/12/19
Ordinary Shares	Put Option	Written	5406	235.00		30/03/20
Ordinary Shares	Put Option	Purchased	18980	221.39		30/12/19
Ordinary Shares	Call Option	Purchased	3300	240.00		30/10/19
Ordinary Shares	Call Option	Written	3300	260.00		30/12/19
Ordinary Shares	Put Option	Purchased	16965	190.19		30/12/19
Ordinary Shares	Put Option	Purchased	4200	197.16		30/03/20
Ordinary Shares	Put Option	Purchased	1845	216.03		28/11/19
Ordinary Shares	Put Option	Purchased	2964	218.12		30/03/20
Ordinary Shares	Call Option	Written	20400	290.67		30/10/19
Ordinary Shares	Call Option	Written	163100	235.00		30/12/19
Ordinary Shares	Call Option	Written	3000	260.00		28/11/19
Ordinary Shares	Put Option	Written	3300	235.00		30/03/20
Ordinary Shares	Put Option	Purchased	1320	200.07		30/03/20
Ordinary Shares	Put Option	Purchased	2970	212.25		28/11/19
Ordinary Shares	Call Option	Purchased	3300	240.00		30/10/19
Ordinary Shares	Put Option	Purchased	11745	190.57		30/12/19
Ordinary Shares	Put Option	Purchased	6792	217.28		28/11/19
Ordinary Shares	Put Option	Purchased	1672	217.93		30/12/19
Ordinary Shares	Call Option	Purchased	100	245.00		30/12/19
Ordinary Shares	Call Option	Written	5448	295.27		30/10/19
Ordinary Shares	Put Option	Purchased	2000	280.00		30/12/19
Ordinary Shares	Put Option	Written	3754	235.00		22/06/20
Ordinary Shares	Put Option	Written	3908	235.00		30/12/19
Ordinary Shares	Put Option	Written	10055	235.00		30/12/19
Ordinary Shares	Put Option	Written	6852	235.00		30/03/20
Ordinary Shares	Put Option	Written	2853	235.00		30/03/20
Ordinary Shares	Put Option	Purchased	489500	220.00		30/12/19
Ordinary Shares	Put Option	Written	12795	235.00		30/03/20
Ordinary Shares	Call Option	Written	3300	235.00		30/10/19
Ordinary Shares	Put Option	Purchased	4500	216.79		28/11/19
Ordinary Shares	Put Option	Written	741	235.00		28/11/19
Ordinary Shares	Put Option	Purchased	1600	270.00		30/12/19
Ordinary Shares	Call Option	Written	3300	260.00		28/11/19
Ordinary Shares	Put Option	Written	400	225.00		30/03/20
Ordinary Shares	Put Option	Written	902	235.00		30/10/20
Ordinary Shares	Put Option	Purchased	3400	260.00		30/12/19
Ordinary Shares	Put Option	Purchased	10000	225.00		30/12/19
Ordinary Shares	Call Option	Purchased	3300	265.00		28/11/19
Ordinary Shares	Put Option	Purchased	4619	213.94		30/12/19
Ordinary Shares	Call Option	Written	16640	285.81		30/12/19
Ordinary Shares	Put Option	Purchased	3300	225.00		30/10/19
Ordinary Shares	Call Option	Written	18160	286.34		30/12/19
Ordinary Shares	Put Option	Purchased	931	209.76		30/12/19
Ordinary Shares	Call Option	Written	3300	245.00		30/10/19
Ordinary Shares	Put Option	Purchased	3300	210.00		28/11/19
Ordinary Shares	Call Option	Written	55000	225.00		30/12/19
Ordinary Shares	Put Option	Written	1270	235.00		30/12/19
Ordinary Shares	Put Option	Purchased	3000	240.00		30/10/19
Ordinary Shares	Call Option	Written	37600	281.40		30/10/19
Ordinary Shares	Put Option	Purchased	3300	240.00		30/12/19
Ordinary Shares	Put Option	Written	60877	235.00		30/12/19
Ordinary Shares	Put Option	Written	403	235.00		30/12/19
Ordinary Shares	Put Option	Purchased	14040	219.83		30/12/19
Ordinary Shares	Call Option	Written	3300	265.00		30/12/19
Ordinary Shares	Put Option	Written	40651	235.00		30/12/19
Ordinary Shares	Call Option	Written	3300	275.00		30/12/19

Date of disclosure:	4 October 2019
Contact name:	Mukhtar Khan
Telephone number:	+44 20 7088 2000

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.