Hang Seng Bank Limited: Privatisation Scheme and Securities Dealing Disclosure

Bulletin Express12-04

On 4 December 2025, a Public Disclosure Form announced dealings in the ordinary shares of Hang Seng Bank Limited under a privatisation by way of scheme of arrangement. According to the submission, Goldman Sachs (Asia) L.L.C. on behalf of The Goldman Sachs Group, Inc. and affiliates, as an exempt principal trader connected with the Offeror, carried out purchases on 3 December 2025 for its own account.

Goldman Sachs (Asia) L.L.C. on behalf of The Goldman Sachs Group, Inc. and affiliates acquired 214 shares at a pre-determined price of US$112.4183 each, totaling US$24,057.5162, and 220 shares at a pre-determined price of US$125.0286 each, totaling US$27,506.2920. Both transactions involved the receipt of shares under pre-existing knock-out forward contracts. The highest and lowest prices paid for these two purchases matched the corresponding per-share transaction prices.

Goldman Sachs (Asia) L.L.C. on behalf of The Goldman Sachs Group, Inc. and affiliates is ultimately owned by The Goldman Sachs Group, Inc. and remains an exempt principal trader connected with the Offeror.

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