Hang Lung Group Limited — Share Issue/Capital Change 2000

Feb 16, 2000

Listed Company Information

PAC CENT CYBER<1186> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. PACIFIC CENTURY CYBERWORKS LIMITED (Incorporated in Hong Kong with limited liability) ANNOUNCEMENT Exercise of over-allotment option Further to the announcement (the `Announcement') by Pacific Century CyberWorks Limited (the `Company') on 14th February, 2000 headed `Placing of Existing Shares and Subscription of New Shares', the Company is pleased to announce that the Option was fully exercised by BNP Peregrine and BOCI Asia Limited on 15th February, 2000. Unless otherwise defined herein, terms defined in the Announcement shall have the same meanings when used in this announcement. Further to the Announcement in relation to, inter alia, the Placing and the Subscription, the directors of the Company announce that the Option was fully exercised by BNP Peregrine and BOCI Asia Limited on 15th February, 2000. As a result of the full exercise of the Option, an aggregate of 85,000,000 additional Shares owned by PCG were placed by BNP Peregrine and BOCI Asia Limited at the Placing Price of HK$23.50 per Share. Accordingly, the total number of Shares placed under the Placing was 335,000,000 Shares, and the aggregate number of new Shares to be subscribed by PCG at the Placing Price pursuant to the Subscription Agreement will be 335,000,000 Shares. Upon completion of the Placing and the Subscription, the issued share capital of the Company will be 10,180,358,326 Shares. Mr. Richard Li Tzar Kai and his associates (as defined under the Listing Rules) including PCRD, PCG, PCD, together with Intel, a connected person of the Company, will be interested in an aggregate of 6,118,221,622 Shares, representing approximately 60.1% of the enlarged issued share capital of the Company after the Subscription. By Order of the Board Chu Mee Lai, Helen Company Secretary Hong Kong, 15th February, 2000 The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.