Hang Lung Group Limited — Proxy Solicitation & Information Statement 2005

Feb 17, 2005

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PCCW Limited

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0008)

Extraordinary General Meeting to be held on Wednesday, 16 March 2005 (or any adjournment thereof) Form of proxy for use at the Extraordinary General Meeting

I/We[1]

of

being the registered holder(s) of[2] shares of HK$0.25 each in the capital of PCCW Limited (the “Company”), HEREBY APPOINT[3] the chairman of the extraordinary general meeting or any

adjournment thereof (the “Meeting”), or

of

as my/our proxy to attend for me/us at the Meeting to be held in the Conference Room, 14th Floor, PCCW Tower, TaiKoo Place, 979 King’s Road, Quarry Bay, Hong Kong, on Wednesday, 16 March 2005 at 11:00 a.m. for the purpose of considering and, if thought fit, passing an ordinary resolution as set out in the notice convening the Meeting and at the Meeting to vote on behalf of me/us and in my/our name(s) in respect of that resolution as hereunder indicated.

Ordinary Resolution proposed in the notice of extraordinary general meeting dated 14 February 2005.

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For[4] Against[4]

Signature[5] Date

NOTES:

1. Full name(s) and address(es) must be inserted in BLOCK CAPITALS .

2. Please insert the number of shares of the Company registered in your name(s) to which the proxy relates. If no number is inserted, this form of proxy will be deemed to relate to all the shares of the Company registered in your name(s).

3. If any proxy other than the chairman of the Meeting is preferred, please strike out “the chairman of the extraordinary general meeting or any adjournment thereof (the “Meeting”), or” and insert the name and address of the proxy desired in the space provided. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON(S) WHO SIGN(S) IT .

4. IMPORTANT: IF YOU WISH TO VOTE FOR THE ORDINARY RESOLUTION, TICK THE BOX MARKED “FOR”. IF YOU WISH TO VOTE AGAINST THE ORDINARY RESOLUTION, TICK THE BOX MARKED “AGAINST” . Failure to tick either box will entitle your proxy to cast your vote or abstain at his discretion on the ordinary resolution. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than that referred to in the notice convening the Meeting.

5. This instrument appointing a proxy must be in writing under the hand of the appointor or of his attorney duly authorised in writing, or if the appointor is a corporation, either under seal, or under the hand of an officer or attorney duly authorised.

6. Any member of the Company entitled to attend and vote at a meeting of the Company or a meeting of the holders of any class of shares in the Company shall be entitled to appoint another person as his proxy to attend and, on a poll, vote instead of him. A proxy need not be a member of the Company. A member of the Company may appoint more than one proxy to attend on the same occasion.

7. The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed (or a notarially certified copy of that power or authority) must be deposited at the Company’s Share Registrars, Computershare Hong Kong Investor Services Limited, at 46th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong not less than forty-eight hours before the time for holding the Meeting at which the person named in such instrument proposes to vote, otherwise the instrument of proxy shall not be treated as valid.

8. Delivery of an instrument appointing a proxy shall not preclude a member of the Company from attending and voting in person at the Meeting or poll concerned and, in such event, the instrument appointing a proxy shall be deemed to be revoked.