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 of	amount	prices paid	prices paid
		securities			shares	paid /	/ received	/ received
					involved	received
Global Markets	18 September	Ordinary	Hedging of Delta 1 products created	Purchase	2,000	$9,420.0000	$4.7100	$4.7100
of HSBC Bank	2020	shares	as a result of wholly unsolicited
plc			client-driven orders
		Delta 1	Creation of Delta 1 products from	Sale	2,000	$9,420.0000	$4.7100	$4.7100
		products	wholly unsolicited client-driven orders
End

Note:

Global Markets of HSBC Bank plc is an exempt principal trader connected with the Offeree company.

Public Disclosure Form

Dealings were made for its own account.

Global Markets of HSBC Bank plc is ultimately owned by HSBC Holdings plc.