The document constitutes the Pricing Supplement relating to the issue of Notes described herein. 1. (i) Issuer: NWD (MTN) Limited

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1 Pricing Supplement dated 19 February 2014 NWD (MTN) Limited Issue of U.S.$750,000, per cent. guaranteed notes due 2021 Guaranteed by New World Development Company Limited under the U.S.$2,000,000,000 Medium Term Note Programme The document constitutes the Pricing Supplement relating to the issue of Notes described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the Offering Circular dated 9 January This Pricing Supplement contains the final terms of the Notes and must be read in conjunction with such Offering Circular dated 9 January (i) Issuer: NWD (MTN) Limited (ii) Guarantor: New World Development Company Limited 2. (i) Series Number: / (ii) Tranche Number: 1 3. Specified Currency or Currencies: United States dollars 4. Aggregate Nominal Amount: 750,000,000 (i) Series: 750,000,000 (ii) Tranche: 750,000, (i) Issue Price: per cent. of the Aggregate Nominal Amount (ii) Net Proceeds: U.S.$742,725, (i) Specified Denominations: U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof (ii) Calculation Amount: U.S.$1, (i) Issue Date: 26 February

2 (ii) Interest Commencement Date: Issue Date 8. Maturity Date: 26 February Interest Basis: 5.25 per cent. Fixed Rate (further particulars specified below) 10. Redemption/Payment Basis: Redemption at par 11. Change of Interest or Redemption/Payment Basis: 12. Put/Call Options: 13. Listing: The Stock Exchange of Hong Kong Limited ("SEHK") 14. Method of distribution: Syndicated Application will be made to SEHK (the expected effective listing date of the Notes is 27 February 2014) PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 15. Fixed Rate Note Provisions Applicable (i) Rate of Interest: 5.25 per cent. per annum payable semiannually in arrear (ii) Interest Payment Date(s): 26 February and 26 August in each year, not adjusted (iii) Fixed Coupon Amount(s): U.S.$26.25 per Calculation Amount (iv) Broken Amount(s): (v) Day Count Fraction: 30/360 (vi) Other terms relating to the method of calculating interest for Fixed Rate Notes: Condition 6 (Fixed Rate Note Provisions) 16. Floating Rate Note Provisions 17. Zero Coupon Note Provisions - 3 -

3 18. Index-Linked Interest Note/other variable-linked interest Note Provisions 19. Dual Currency Note Provisions PROVISIONS RELATING TO REDEMPTION 20. Call Option 21. Put Option 22. Final Redemption Amount of each Note 23. Early Redemption Amount Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons, on a change of control or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the Conditions): U.S.$1,000 per Calculation Amount The Early Redemption Amount (Change of Control) is the principal amount of the Notes. The Early Redemption Amount (Tax) is the principal amount of the Notes. GENERAL PROVISIONS APPLICABLE TO THE NOTES 24. Form of Notes: Registered Notes: Global Note Certificate exchangeable for Individual Note Certificates in the limited circumstances described in the Global Note Certificate 25. Additional Financial Centre(s) or other special provisions relating to payment dates: 26. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature): 27. Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and London No - 3 -

4 interest due on late payment: 28. Details relating to Instalment Notes: amount of each instalment, date on which each payment is to be made: 29. Redenomination, renominalisation and reconventioning provisions: 30. Consolidation provisions: The provisions in Condition 19 (Further Issues) 31. Any applicable currency disruption/fallback provisions: 32. Other terms or special conditions: DISTRIBUTION 33. (i) If syndicated, names of Managers: The Hongkong and Shanghai Banking Corporation Limited (ii) Stabilising Manager(s) (if any): UBS AG, Hong Kong Branch J.P. Morgan Securities plc CLSA Limited The Hongkong and Shanghai Banking Corporation Limited 34. If non-syndicated, name and address of Dealer: 35. Total commission and concession: Not Available 36. U.S. Selling Restrictions: Reg. S Category Additional selling restrictions: 38. Private banking commission: The Issuer and the Guarantor have agreed with the Joint Bookrunners that private banks be paid a commission in connection with the distribution of the Notes to their clients. This commission will be based on the principal amount of the Notes so distributed, and may be deducted from the purchase price for the Notes payable by such private banks upon - 4 -

5 settlement OPERATIONAL INFORMATION 39. ISIN Code: XS Common Code: CMU Instrument Number: 42. Any clearing system(s) other than Euroclear/Luxembourg and the CMU Service and the relevant identification number(s): 43. Delivery: Delivery against payment 44. Additional Paying Agent(s) (if any): GENERAL 45. The aggregate principal amount of Notes issued has been translated into US dollars, producing a sum of (for Notes not denominated in U.S. dollars): 46. Ratings: STABILISING In connection with this issue, The Hongkong and Shanghai Banking Corporation Limited (the "Stabilising Manager") (or persons acting on behalf of any Stabilising Manager) may overallot Notes or effect transactions with a view to supporting the market price of the Notes at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) (or persons acting on behalf of a Stabilising Manager) will undertake stabilisation action. Any stabilisation action may begin on or after the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the Notes and 60 days after the date of the allotment of the Notes. Any stabilisation action or overallotment must be conducted by the relevant Stabilising Manager (or persons acting on behalf of any Stabilising Manager) in accordance with all applicable laws and rules. PURPOSE OF PRICING SUPPLEMENT This Pricing Supplement comprises the final terms required for issue and admission to trading on the Hong Kong Stock Exchange of the Notes described herein pursuant to the U.S.$2,000,000,000 Medium Term Note Programme

Pricing Supplement dated 21 January Value Success International Limited

Pricing Supplement dated 21 January 2014 Value Success International Limited Issue of CNY750,000,000 4.95 per cent. Notes due 2019 Guaranteed by China Ping An Insurance Overseas (Holdings) Limited under