CTF Services Limited — Director's Dealing 2023

Jul 10, 2023

==> picture [173 x 58] intentionally omitted <==

Public Disclosure Form

10 July 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	7 July 2023	Ordinary shares	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	1,424,000	$12,735,629.7800	$8.9436	$8.9250
		Ordinary shares	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	397,000	$3,543,317.6000	$8.9300	$8.9163

End

Note:

Morgan Stanley & Co., International plc is an exempt principal trader connected with the Offeree company.

==> picture [71 x 43] intentionally omitted <==

Public Disclosure Form

Dealings were made for its own account. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.