PCCW : Disclosure of Dealings under Rule 22 of the Takeovers Code

Public Disclosure Form

21 September 2020

Partial offer

Disclosure of dealings in the shares of PCCW Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description	Nature of dealings	Purchase	Total	Total	Highest (H)	Lowest (L)
		of relevant		/ Sale	number	amount paid	prices paid	prices paid
		securities			of shares	/ received	/ received	/ received
					involved
Global Markets of	18 September	Ordinary	Hedging of Delta 1 products	Purchase	21,000	$98,829.9900	$4.7400	$4.6800
The Hongkong and	2020	shares	created as a result of wholly
Shanghai Banking			unsolicited client-driven orders
Corporation Limited		Delta 1	Creation of Delta 1 products	Sale	21,000	$98,829.9900	$4.7062	$4.7062
		products	from wholly unsolicited
			client-driven orders
End

Note:

Global Markets of The Hongkong and Shanghai Banking Corporation Limited is an exempt principal trader connected with the Offeree company.

Public Disclosure Form

Dealings were made for its own account.

Global Markets of The Hongkong and Shanghai Banking Corporation Limited is ultimately owned by HSBC Holdings plc.