CTF Services Limited — Director's Dealing 2023

Aug 2, 2023

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Public Disclosure Form

2 August 2023

Possible voluntary general offer

Disclosure of dealings in the shares of NWS Holdings Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description of relevant securities	Nature of dealings	Purchase / Sale	Total number of shares involved	Total amount paid / received	Highest (H) prices paid / received	Lowest (L) prices paid / received
Morgan Stanley & Co., International plc	1 August 2023	Ordinary shares	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	1,646,000	$14,748,873.1664	$8.9658	$8.9300
		Ordinary shares	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	248,000	$2,214,688.2000	$8.9500	$8.9267

Public Disclosure Form

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		Ordinary shares	Client facilitation trades in ordinary shares arising from wholly unsolicited client-driven orders by a client facilitation desk which operates independently of the group's proprietary trading desk. I confirm the resultant proprietary positions (if any) will be flattened no later than the close of the morning trading session the next tradingday	Purchase	79,000	$710,154.7000	$8.9893	$8.9893
		Ordinary shares	Closing / flattening / unwinding of proprietary positions arising from unsolicited client-driven dealings. I confirm this was done no later than the close of the morning trading session on the trading day following the orginatingclient-driven dealing	Sale	79,000	$705,470.0000	$8.9300	$8.9300

Public Disclosure Form

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		Ordinary shares	Client facilitation trades in ordinary shares arising from wholly unsolicited client-driven orders by a client facilitation desk which operates independently of the group's proprietary trading desk. I confirm the resultant proprietary positions (if any) will be flattened no later than the close of the morning trading session the next tradingday	Sale	700,000	$6,258,000.0000	$8.9400	$8.9400

End

Note:

Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeree company. Dealings were made for its own account.

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.