AMTD IDEA To Acquire London Office Tower At 40 Furnival Street For $17M, Expanding Global Headquarters Footprint

AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group ("AMTD IDEA") (NYSE:AMTD, SGX: HKB))), AMTD Digital Inc. (NYSE:HKD) and The Generation Essentials Group (NYSE:TGE, LSE: TGE))), a subsidiary of AMTD Digital Inc., (collectively, "AMTD") jointly announce that AMTD IDEA entered into a definitive agreement to acquire the London office tower located at 40 Furnival Street, London EC4A 1JQ, for a total effective consideration of around US$17 million (GBP12 million). The acquisition is expected to be completed without utilizing any external financing, including the term loan facility made available to AMTD IDEA relating to this transaction as previously announced.

Strategically positioned in the heart of Midtown, one of London's most dynamic and sought-after commercial districts, the property lies within 100 meters of Chancery Lane station and a short walk from the Elizabeth line interchange at Farringdon Station, one of London's busiest transport hubs. The surrounding area offers a diverse range of amenities through high quality retail and leisure and is home to a growing spectrum of internationally renowned occupiers.

The building comprises approximately 9,646 sq ft (896.1 sq m) of Grade A office and ancillary accommodation across lower ground, ground, and five upper floors, and includes a roof terrace on the fifth floor. Upon completion of the acquisition, the property is expected to serve as one of the global headquarters of AMTD, The Art Newspaper, and L'Officiel, further strengthening AMTD's presence and ecosystem in the UK and globally. The closing of the transaction is subject to customary closing conditions and is expected to take place in the near future.