Hang Lung Group Limited — M&A Activity 2000

Feb 11, 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: "Pacific Century CyberWorks Limited ("PCCW") has noted recent speculation regarding its association with a possible offer for Cable & Wireless HKT Ltd. ("HKT"). PCCW regularly reviews opportunities in the Internet and connectivity spaces and noted with interest regarding the announcement by HKT on 24th January 2000. Whilst it is too early to determine whether any proposal will be formulated for presentation to the Board of HKT, PCCW has retained the investment bank Warburg Dillon Read (the investment bank division of UBS) and Bank of China International, to assist in assessing all alternatives including possible investment in HKT. On behalf of the Board Alexander Arena Managing Director 11th February, 2000"