MTR Corporation (00066) Signs Settlement Deeds with Government Over High Speed Rail Hong Kong Section and Shatin to Central Link, Fully Resolving Historical Disputes and Claims

MTR Corporation (00066) has announced that on October 2, 2026, without either party admitting any liability, the company and the government entered into two settlement deeds regarding the High Speed Rail (Hong Kong Section) project as further defined in the High Speed Rail (Hong Kong Section) agreements and the Shatin to Central Link project as further defined in the Shatin to Central Link agreements (respectively the "High Speed Rail (Hong Kong Section) Settlement Deed" and the "Shatin to Central Link Settlement Deed", collectively the "Settlement Deeds").

Accordingly, except for certain limited exceptions, the company and the government have reached an amicable settlement of all disputes, differences, claims and potential claims arising from or in connection with: (i) the 2008 High Speed Rail (Hong Kong Section) Preliminary Entrustment Agreement, the 2010 High Speed Rail (Hong Kong Section) Entrustment Agreement, the 2015 High Speed Rail (Hong Kong Section) Agreement and the related 2020 deed (collectively the "High Speed Rail (Hong Kong Section) Agreements"); and (ii) the 2008 Shatin to Central Link Preliminary Entrustment Agreement, the 2011 Shatin to Central Link Advance Works Entrustment Agreement, the 2012 Shatin to Central Link Entrustment Agreement ("Shatin to Central Link Entrustment Agreement III"), the 2016 Contract 901 and the related 2025 deed (collectively the "Shatin to Central Link Agreements").

The Settlement Deeds resolve major disputes and differences between the company and the government concerning the High Speed Rail (Hong Kong Section) Agreements and the Shatin to Central Link Agreements, terminate existing rights reservations, and provide broad mutual waivers in respect of past claims and potential claims. Certain continuing obligations and remaining liabilities expressly set out in the Settlement Deeds will continue to remain effective.

The Board believes that the Settlement Deeds avoid potentially lengthy, complex and costly dispute resolution proceedings and eliminate significant litigation risk and uncertainty relating to future claims. The Settlement Deeds also avoid the diversion of substantial management time and resources and help the company and the government maintain a constructive and cooperative relationship regarding railway operations and future infrastructure projects.