Pacific Century Premium Developments Limited announced the results of the Tender Offer by the Company to the Qualifying Holders of the $700,000,000 4.75 per cent. Guaranteed Notes due 2022. Reference is made to the announcement of the Company dated 7 June 2021 in relation to the invitation by the Company to the Qualifying Holders to tender any or all Notes held by such Qualifying Holders for purchase by the Company for cash (the "Tender Offer") on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 7 June 2021 (the "Tender Offer Memorandum"). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum. The Tender Offer expired at 16:00 (London time) (the "Expiration Time") on 16 June 2021 (the "Expiration Date"). As at the Expiration Time on the Expiration Date, $383,966,000 in aggregate principal amount of the Notes have been validly tendered pursuant to the Tender Offer. Subject to the closing of the issue of the New Notes (as defined below), the Company has decided to accept all Notes validly tendered pursuant to the Tender Offer. The Company will pay a cash Tender Offer Price equal to 101.80 per cent. of the principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer. The Company will also pay interest accrued and unpaid (if any) in respect of such Notes from (and including) the interest payment date of such Notes immediately preceding the Settlement Date to (but excluding) the Settlement Date, calculated in accordance with the terms and conditions of the Notes.