Common use of Supplementary Offering Circular Clause in Contracts

Supplementary Offering Circular. 8 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Risk Factors 15 Terms and Conditions of the Notes 36 Use of Proceeds 74 Summary of Provisions relating to the Notes while in Global Form 75 MTR Corporation Limited 77 MTR Corporation (C.I.) Limited 110 Capitalisation and Indebtedness 114 Form of Pricing Supplement 116 RMB Currency Controls 129 Taxation 135 Subscription and Sale 138 General Information 144

Supplementary Offering Circular. 8 7 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 8 Risk Factors 15 14 Terms and Conditions of the Notes 36 35 Use of Proceeds 74 73 Summary of Provisions relating to the Notes while in Global Form 75 74 MTR Corporation Limited 77 76 MTR Corporation (C.I.) Limited 110 112 Capitalisation and Indebtedness 114 116 Form of Pricing Supplement 116 118 RMB Currency Controls 129 132 Taxation 135 138 Subscription and Sale 138 142 General Information 144151

Supplementary Offering Circular. 8 7 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 8 Risk Factors 15 13 Terms and Conditions of the Notes 36 34 Use of Proceeds 74 72 Summary of Provisions relating to the Notes while in Global Form 75 73 MTR Corporation Limited 77 75 MTR Corporation (C.I.) Limited 110 109 Capitalisation and Indebtedness 114 113 Form of Pricing Supplement 116 115 RMB Currency Controls 129 Taxation 135 Subscription and Sale 138 General Information 144145

Supplementary Offering Circular. 8 7 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 8 Risk Factors 15 13 Terms and Conditions of the Notes 36 34 Use of Proceeds 74 72 Summary of Provisions relating to the Notes while in Global Form 75 73 MTR Corporation Limited 77 75 MTR Corporation (C.I.) Limited 110 114 Capitalisation and Indebtedness 114 118 Form of Pricing Supplement 116 120 RMB Currency Controls 129 134 Taxation 135 140 Subscription and Sale 138 144 General Information 144153