Hang Lung Group Limited — Share Issue/Capital Change 2000

Jan 27, 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 Option Further to the announcement (the `Announcement') by Pacific Century CyberWorks Limited (the `Company') on 25th January, 2000 headed `Placing of Existing Shares and Subscription of New Shares and Proposed Joint Venture with CMGI, Inc.', the Company is pleased to announce that the Option was fully exercised by BNP Peregrine on 26th January, 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, among others, the Placing and Subscription, the directors of the Company are pleased to announce that the Option was fully exercised by BNP Peregrine on 26th January, 2000. As a result of the full exercise of the Option, an aggregate of 60,000,000 additional Shares were placed by BNP Peregrine at the Placing Price of HK$15.80. Accordingly, the total number of Shares placed under the Placing was 248,000,000 Shares, which means that PCG will subscribe for an aggregate of 248,000,000 new Shares at the Placing Price pursuant to the Subscription Agreement. Upon completion of the Placing and Subscription, the issued share capital of the Company will be 9,315,035,875 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 5,920,425,171 Shares, representing approximately 63.6% of the enlarged issued share capital of the Company. By Order of the Board Chu Mee Lai, Helen Company Secretary Hong Kong, 26th January, 2000