Hang Lung Group Limited — M&A Activity 2000

Feb 17, 2000

Listed Company Information

PAC CENT CYBER<1186> - Announcement The Stock Exchange has received a message from Pacific Century CyberWorks Limited which is reproduced as follows:- "The directors ("Directors") of Pacific Century CyberWorks Limited ("PCCW") have noted certain press reports appearing today in relation to the possible merger between PCCW and Cable & Wireless HKT Limited ("C&W HKT") (the "Proposed Transaction") The Directors wish to clarify that discussions have been continuing between PCCW and its advisers and Cable & Wireless plc and its advisers in relation to the Proposed Transaction. However, at this stage, no formal agreement has been reached and there have been no developments in relation to the Proposed Transaction that are required to be disclosed under either the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited ("SEHK") or the Hong Kong Code on Takeovers and Mergers. The Directors have no further information to disclose in relation to the Proposed Transaction in addition to that already disclosed in the announcement made by PCCW dated 12 February 2000 and the Directors confirm that no request has been made to the SEHK for a suspension in the trading of shares in PCCW. A further announcement will be made as and when appropriate to inform investors of the progress of the Proposed Transaction. Investors are advised to exercise caution when dealing in the securities of PCCW. The directors of PCCW 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 the announcement have been arrived at after due and careful consideration and there are no other facts not contained in the announcement, the omission of which would make any statement in this announcement misleading. On behalf of the Board Francis Yuen Deputy Chairman 17 February 2000"