Hang Lung Group Limited — M&A Activity 1999

Oct 8, 1999

Listed Company Information

PAC CENT CYBER<1186> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe securities. PACIFIC CENTURY CYBERWORKS LIMITED (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT Pacific Century CyberWorks Limited (`PCCW') notes press speculation and confirms that it intends on Friday 8th October, 1999 (the `Transaction') to acquire about 25.1% of the shares in SilkRoute Holdings Pte. Ltd. (`SilkRoute'). The total consideration payable by PCCW in the Transaction is to be satisfied in cash and by the issue of new shares of HK$0.05 each in PCCW representing approximately 0.3% of the existing issued capital and approximately 0.3% of the enlarged issued share capital of PCCW. Further announcements will be made as and when appropriate. By order of the Board Pacific Century CyberWorks Limited Chu Mee Lai, Helen Company Secretary Hong Kong, 7th October, 1999