Hang Seng Bank (0011) – Disclosure of Dealings by Morgan Stanley & Co. International plc

Bulletin Express12-02

On 2 December 2025, a public disclosure was made concerning the proposed privatisation of Hang Seng Bank Limited by way of a scheme of arrangement, detailing recent dealings in Hang Seng Bank (0011) shares. According to the announcement, Morgan Stanley & Co. International plc, a Class (5) associate connected with the offeree company, conducted transactions on 1 December 2025 related to hedging of Delta 1 products resulting from wholly unsolicited client-driven orders.

Morgan Stanley & Co. International plc recorded purchases of 72,900 ordinary shares for a total amount of US$11,110,051.80. The highest price paid per share was US$152.50, and the lowest was US$151.975. The firm also recorded sales of 31,100 ordinary shares, receiving a total amount of US$4,736,341.80 at a highest price of US$152.30 and a lowest of US$151.975. These dealings were made on Morgan Stanley & Co. International plc’s own account, and the firm is ultimately owned by Morgan Stanley.

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