Hang Lung Group Limited — Director's Dealing 2020

Sep 28, 2020

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Public Disclosure Form

25 September 2020

Partial offer

Disclosure of dealings in the shares of PCCW 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	Purchase / Sale	Number of shares	Price per share	Resultant balance(including those ofany person with whomthere is an agreement**or understanding) **	Percentage of class(including those ofany person with whomthere is an agreement**or understanding) **
BlackRock, Inc.	24 September2020	Sale	4,633,557	$4.6400	436,064,549	5.6415%

End

Note:

BlackRock, Inc. is a Class (6) associate of the Offeree company by virtue of its holdings of ordinary shares in the Offeree company. Dealings were made for the account of discretionary investment clients.

The dealing indicates the return of collateral by BlackRock, Inc., and the figure represents the net movement in collateral.