Acquisition of further 30% interest in Castle Peak Power Company Limited and remaining 51% interest in Hong Kong Pumped Storage Development Company, Limited

CLP Holdings Limited (CLP) is pleased to announce today its wholly-owned subsidiary CLP Power Hong Kong Limited (CLP Power) has reached agreement, in collaboration with China Southern Power Grid International (HK) Co., Limited (CSG HK), a wholly-owned subsidiary of China Southern Power Grid Co., Limited (CSG), to each acquire half of the 60% interest in Castle Peak Power Company Limited (CAPCO) held by ExxonMobil Energy Limited (EMEL), a wholly-owned subsidiary of Exxon Mobil Corporation (ExxonMobil). CLP Power will acquire the 30% stake for a cash consideration of HK$12 billion.

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