Hang Lung Group Limited — M&A Activity 2000

Mar 30, 2000

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. PACIFIC CENTURY CYBERWORKS LIMITED (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT The directors (the ``Directors'') of Pacific Century CyberWorks Limited (``PCCW'') welcome the announcement made by the board (the ``HKT Board'') of Cable & Wireless HKT Limited (``HKT'') on 28 March 2000 in relation to the proposed merger (the ``Merger'') of PCCW and HKT. The Directors note the announcement made by the HKT Board on 28 March 2000 in relation to the Merger. The Directors welcome the decision of the HKT Board in putting the Merger forward to the shareholders of HKT by way of a scheme of arrangement. By Order of the Board Helen Chu Company Secretary Hong Kong, 29 March 2000 The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.