Hang Lung Group Limited — Proxy Solicitation & Information Statement 2009

Jan 12, 2009

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PCCW Limited 電訊盈科有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 0008)

FORM OF PROXY FOR THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF THE COMPANY RECONVENED TO BE HELD ON WEDNESDAY, 4 FEBRUARY, 2009 AT 2:30 P.M. (or as soon thereafter as the Court Meeting (as defined below) shall have been concluded or adjourned) (OR ANY ADJOURNMENT THEREOF)

IF YOU HAVE DULY COMPLETED AND SUBMITTED ANY FORM(S) OF PROXY AND YOU WISH THE SUBMITTED FORM(S) OF PROXY TO REMAIN IN PLACE, YOU DO NOT NEED TO TAKE ANY ACTION. PLEASE REFER TO APPENDIX II OF THE SUPPLEMENTAL SCHEME DOCUMENT.

I/We,[1]

of

being the registered holder(s) of[2] ordinary shares of HK$0.25 each in the capital of PCCW Limited (the

“ Company ”), HEREBY APPOINT[3] the Chairman of the Extraordinary General Meeting (as defined below), or[3]

of

aseachmy/ourin theproxycapitalto ofattendthe Companyand act for(orme/usany adjournmentand on my/ourthereof)behalf (theat the“ Extraordinary Extraordinary General General Meeting Meeting of”)thereconvenedholders oftoordinarybe heldsharesat the ofConventionHK$0.25 Hall, the Hong Kong Convention and Exhibition Centre, 1 Harbour Road, Wan Chai, Hong Kong (please use the Harbour Road entrance) on Wednesday, 4Company“ Court February, Meeting (the2009“ Shares ”)atshall2:30”)havereconvenedp.m.been(or concludedas bysoondirectionthereafteror adjourned),of theas Highthe formeetingCourtthe purposeofofthecertainHongof consideringholdersKong Specialof theand,Administrativeordinaryif thoughtsharesfit, passingRegionof HK$0.25forthe thespecialeachsameinresolutiondaythe andcapitalplaceas setof(theoutthe in the notice reconvening the Extraordinary General Meeting and at such reconvened Extraordinary General Meeting (or any adjournment thereof) to vote for me/us and in my/our name(s) in respect of the special resolution as hereunder indicated, and if no such indication is given, as my/our proxy thinks fit.

This form of proxy revokes any form(s) of proxy previously submitted by me/us in respect of the number of shares to which this form of proxy relates, for use at the extraordinary general meeting originally convened to be held on Tuesday, 30 December, 2008 (or any adjournment thereof).

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Special Resolution To approve, inter alia, the Scheme and the related reduction of authorised and issued share capital of the Company and the issue and allotment of new Shares as defined and more particularly set out in the notice reconvening the Extraordinary General Meeting

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[[4]]
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FOR[4] AGAINST[[4]]

Dated this

day of

2009

Signature(s)[5]

Notes:

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

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

3. If any proxy other than the Chairman of the reconvened Extraordinary General Meeting is preferred, strike out the words “the Chairman of the Extraordinary General Meeting (as defined below), or” and insert the name and address of the proxy desired in the space provided. You are entitled to appoint one or more proxies (each must be an individual) to attend and vote in your stead. Your proxy need not be a member of the Company, but your proxy must attend the reconvened Extraordinary General Meeting to represent you. ANY ALTERATION MADE TO THIS FORM OF PROXY MUST BE INITIALLED BY THE PERSON(S) WHO SIGNS IT.

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

5. This form of proxy must be signed by you or your attorney duly authorised in writing or, if the appointor is a corporation, must be either under its common seal or under the hand of an officer, attorney or other person duly authorised by it to sign the same.

6. In order to be valid, this form of proxy, together with any power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power or authority, must be delivered to the share registrar of the Company, Computershare Hong Kong Investor Services Limited, by hand or by post, at Rooms 1806-1807, 18th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong, as soon as possible and in any event not less than forty-eight (48) hours before the time appointed for holding the reconvened Extraordinary General Meeting (or any adjournment thereof) at which the person named in this form of proxy proposes to vote, or, in the case of a poll taken subsequently to the date of the reconvened Extraordinary General Meeting (or any adjournment thereof), not less than forty-eight (48) hours before the time appointed for the taking of the poll, and in default this form of proxy shall not be treated as valid. Completion and delivery of this form of proxy will not preclude you from attending the reconvened Extraordinary General Meeting (or any adjournment thereof) and voting in person at the reconvened Extraordinary General Meeting (or any adjournment thereof) if you so wish, but in the event of you attending the reconvened Extraordinary General Meeting (or any adjournment thereof) after having lodged this form of proxy, this form of proxy will be deemed to have been revoked.

7. Where there are joint registered holders of any share(s) in the Company, any one of such joint holders may vote at the reconvened Extraordinary General Meeting (or any adjournment thereof), either personally or by proxy, in respect of such share(s) as if he/she/it were solely entitled thereto; but if more than one of such joint holders are present at the reconvened Extraordinary General Meeting personally or by proxy, the most senior shall alone be entitled to vote in respect of the relevant joint holding and, for this purpose, seniority will be determined by reference to the order in which the names of the joint holders stand on the register of members of the Company in respect of the relevant joint holding.