HKBN Ltd. — Capital/Financing Update 2015

Apr 9, 2015

Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as those defined in the prospectus dated Friday, 27 February 2015 (the “ Prospectus ”) issued by HKBN Ltd. (the “ Company ”).

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities of the Company. Potential investors should read the Prospectus for detailed information about the Company before deciding whether or not to invest in the Shares.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or subscribe for securities in the United States. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States.

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HKBN Ltd. 香港寬頻有限公司

(Incorporated in the Cayman Islands with limited liability)

Stock Code: 1310

STABILISING ACTIONS AND END OF STABILISATION PERIOD

The Company announces that the stabilisation period in connection with the Global Offering ended on 3 April 2015.

The stabilising actions undertaken by Goldman Sachs (Asia) L.L.C., being the Stabilising Manager, during the stabilisation period involved:

• (1) over-allocations of an aggregate of 96,729,500 Shares in the International Offering, representing not more than approximately 15% of the Offer Shares initially available under the Global Offering;

• (2) borrowing of an aggregate of 96,729,500 Shares by the Stabilising Manager from MLGHL, to cover the over-allocations in the International Offering; and

• (3) the full exercise of the Over-allotment Option by the Joint Global Coordinators (on behalf of the International Underwriters) on 26 March 2015 in respect of 96,729,500 additional Shares at the Offer Price per Share, to facilitate the return to MLGHL of 96,729,500 Shares which were used to cover the over-allocations in the International Offering.

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STABILISING ACTIONS AND END OF STABILISATION PERIOD

The Company announces, pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), that the stabilisation period in connection with the Global Offering ended on 3 April 2015.

The stabilising actions undertaken by Goldman Sachs (Asia) L.L.C., being the Stabilising Manager, during the stabilisation period involved:

• (1) over-allocations of an aggregate of 96,729,500 Shares in the International Offering, representing not more than approximately 15% of the Offer Shares initially available under the Global Offering;

• (2) borrowing of an aggregate of 96,729,500 Shares by the Stabilising Manager from MLGHL, to cover the over-allocations in the International Offering; and

• (3) the full exercise of the Over-allotment Option by the Joint Global Coordinators (on behalf of the International Underwriters) on 26 March 2015 in respect of 96,729,500 additional Shares at the Offer Price per Share, to facilitate the return to MLGHL of 96,729,500 Shares which were used to cover the over-allocations in the International Offering.

For further details of the full exercise of the Over-Allotment Option, please refer to the announcement of the Company dated 26 March 2015.

By order of the Board of Directors of HKBN Ltd. Bradley Jay Horwitz Chairman

Hong Kong, 9 April 2015

As at the date of this announcement, the Board of Directors of the Company comprises Bradley Jay Horwitz as Chairman and Independent Non-executive Director, William Chu Kwong Yeung and Ni Quiaque Lai as Executive Directors; Roy Kuan as Non-executive Director and Stanley Chow and Quinn Yee Kwan Law, SBS, JP as Independent Non-executive Directors.

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