Hang Lung Group Limited — Major Shareholding Notification 2020

Oct 20, 2020

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Public Disclosure Form

20 October 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	Rl l	P f l
					esutant baance (including those of any person with whom there is an agreement **or understanding) **	ercentage o cass (including those of any person with whom there is an agreement **or understanding) **
BlackRock, Inc.	19 October 2020	Purchase	825,000	$4.9303	429,137,991	5.5519%
		Sale	6,000	$4.9300	429,131,991	5.5518%
		Sale	153,000	$4.9300	428,978,991	5.5498%

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.

Items 1 to 2 reported in the Resultant balance and Percentage of class columns represents long positions in the shares of the Offeree company.

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Public Disclosure Form

Item 3 indicates a transfer upon in-specie redemptions by authorized participants.