The Stock Exchange of Hong Kong

NEWS RELEASE

June 19, 2000

Trading in options on Pacific Century CyberWorks Limited (PCCW) will begin on Monday, June 26, 2000.

Options on 19 underlying stocks will be available on the Stock Exchange of Hong Kong after the introduction of the PCCW options. As with the other 18 option classes, each PCCW option contract will represent options on one board lot of PCCW (1,000 shares).

At least five strike prices, two in-the-money, one at-the-money and two out-of-the-money will be available for trading. The strike prices will depend on the closing price of PCCW on June 23. Contracts that expire in July, August, September and December will be available for trading. The trading tariff for PCCW options will be $1.00 per contract.

Prices of PCCW options will be available on page 3037-38 of the Teletext system, and from other information vendors. Delayed options market prices will also be available through the Exchange website.

Options on PCCW offer another risk management tool for investors in the underlying shares.

Corporate Communications Department

© Copyright 1996-2006 irasia.com Ltd. All rights reserved. Tel: (852) 2831-9792.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.