Hang Lung Group Limited — Proxy Solicitation & Information Statement 2008

May 8, 2008

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PCCW Limited 電訊盈科有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0008)

Extraordinary General Meeting to be held on 29 May 2008 at 12:00 p.m. (or as soon thereafter as the annual general meeting of PCCW Limited convened for the same place and on the same date at 11:00 a.m. shall have been concluded or adjourned) (or any adjournment thereof) (the “EGM”) Form of proxy for use at the EGM

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 EGM, or

of

as my/our proxy to attend for me/us at the EGM to be held in the Conference Room, 14th Floor, PCCW Tower, TaiKoo Place, 979 King’s Road, Quarry Bay, Hong Kong on Thursday, 29 May 2008 at 12:00 p.m. (or as soon thereafter as the annual general meeting of the Company convened for the same place and on the same date at 11:00 a.m. shall have been concluded or adjourned) for the purpose of considering and, if thought fit, passing the following resolution as set out in the notice convening the EGM and at the EGM to vote on behalf of me/us and in my/our name(s) in respect of the said resolution as hereunder indicated.

Ordinary Resolution For[4] Against[4] To consider and approve the ordinary resolution as set out in the notice convening the EGM

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 EGM is preferred, please strike out “the chairman of the EGM, 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 A RESOLUTION, TICK THE BOX IN THE COLUMN MARKED “FOR”. IF YOU WISH TO VOTE AGAINST THE RELEVANT RESOLUTION, TICK THE BOX IN THE COLUMN MARKED “AGAINST”. Failure to tick either box will entitle your proxy to cast your vote or abstain at his discretion on the relevant resolution. Your proxy will also be entitled to vote at his discretion on any resolution properly put to the EGM other than those referred to in the notice convening the EGM.

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 may appoint more than one proxy to attend on the same occasion.

7. Where there are joint registered holders of any share, any one of such persons may vote at the EGM, either personally or by proxy, in respect of such share as if he were solely entitled thereto; but if more than one of such joint holders be present at the EGM personally or by proxy, that one of the holders so present whose name stands first on the register of members of the Company in respect of such share shall alone be entitled to vote in respect thereof.

8. 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 with the share registrars of the Company, Computershare Hong Kong Investor Services Limited, Investor Communications Centre, Rooms 1806-1807, 18th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong not less than 48 hours before the time for holding the EGM at which the person named in such instrument proposes to vote, and otherwise the instrument of proxy shall not be treated as valid.

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