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

Public Disclosure Form

23 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	Description	Nature of	Number of	Maturity date	Reference	Total amount	Resultant
		of relevant	of products	dealings	reference	/ closing out	price	paid /	balance
		securities			securities to	date		received	(including
					which the				those of any
					derivatives				person with
					relate				whom there is
									an agreement
									or
									understanding)
BlackRock,	22 September	Other types of	Other types of	Closing out of a	6,000	22 September	$4.7817	$3,696.9300	1,517,000
Inc.	2020	securities	products	derivative contract		2020
		Other types of	Other types of	Closing out of a	20,000	22 September	$4.7815	$12,322.4600	1,497,000
		securities	products	derivative contract		2020
		Other types of	Other types of	Closing out of a	37,000	22 September	$4.7835	$22,806.8500	1,460,000
		securities	products	derivative contract		2020

Public Disclosure Form

End

Note:

BlackRock, Inc. is a Class (6) associate of the Offeree company by virtue of its holdings of ordinary shares in the Offeree company. Dealings were made for the account of discretionary investment clients.

The dealings are in contract for differences.