JARDINE ENGINEERING CORPORATION: NOTICE OF CHANGE IN CHIEF EXECUTIVE

HONG KONG SAR - Media OutReach - 1 June 2021 - The Jardine Engineering Corporation Limited ("JEC") today announces the following management change:

Kevin O'Brien, currently Chief Executive of JEC, will be moving at the end of August 2021 to succeed Thomas Ho as Chief Executive of Gammon Construction. Thomas will be retiring on 12^th October 2021. In turn, Noky Wong, currently Deputy Chief Executive of Jardine Schindler Group ("JSG"), will succeed Kevin at JEC.

Kevin will commence his new role at Gammon, initially as Chief Executive (Designate), on 1^st September. Kevin joined Balfour Beatty in Hong Kong in 1996 and moved to Gammon, a 50/50 joint venture between Balfour Beatty and Jardine Matheson, in 2004 where he held a number of senior roles. He was appointed Chief Executive of JEC in 2018.

Noky will start his new role as Chief Executive (Designate) of JEC on 1^st July. He joined JSG in July 2003 and has since held a number of leadership roles in Hong Kong, Vietnam and Malaysia before being appointed Deputy Chief Executive of JSG in January 2020.