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PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED

盈 科 大 衍 地 產 發 展 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 00432) POLL RESULTS AT THE SPECIAL GENERAL MEETING HELD ON 9 MAY 2014 AND FULFILMENT OF ALL THE CONDITIONS PRECEDENT UNDER THE AGREEMENT FOR THE DISPOSAL OF PCPD'S INTERESTS IN PACIFIC CENTURY PLACE, BEIJING

The Board is pleased to announce that (i) the ordinary resolution as set out in the notice of the SGM dated 16 April 2014 to approve the Disposal was duly passed by the Shareholders by way of poll at the SGM held on Friday, 9 May 2014; and (ii) in view of what is mentioned in (i) above and the announcement of PCCW dated 8 May 2014 announcing the passing of an ordinary resolution to approve the Disposal at the extraordinary general meeting of PCCW held on 8 May 2014, all the conditions precedent to which completion of the sale and purchase of the Sale Share and the assignment of the Shareholder Loan as contemplated under the SPA is subject have been fulfilled.
Reference is made to the joint announcement of PCCW and the Company dated 8 April 2014 and the circular of the Company dated 16 April 2014 (the "Circular") relating to, among other things, the Disposal. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE SGM

The Board is pleased to announce that the ordinary resolution as set out in the notice of the SGM (the
"Ordinary Resolution") was duly passed by the Shareholders by way of poll at the SGM held on Friday,
9 May 2014. The poll results are as follows:

Ordinary Resolution

Number of Votes

(Approximate %)

Ordinary Resolution

For

Against

The Ordinary Resolution# set out in the notice of the SGM to approve the

Disposal under the SPA and the entry into of the SPA by Excel Bright Properties Limited and the Company and the performance of their respective obligations under the SPA and all transactions contemplated under the SPA in connection with the Disposal.

292,631,762

(99.9991%)

2,500

(0.0009%)

# This summary of the Ordinary Resolution is for reference only. Please refer to the full text of the

Ordinary Resolution as set out in the notice of the SGM dated 16 April 2014.

As at the date of the SGM, the number of Shares in issue was 397,668,313 Shares (excluding the 0.2 non- tradable fractional consolidated Share), being the total number of Shares entitling the Shareholders to attend and vote for or against the Ordinary Resolution at the SGM.
A total of 292,634,262 Shares were held by the Shareholders who attended, either in person or by proxy, and voted for or against the Ordinary Resolution at the SGM.
As more than 50% of the votes were cast in favour of the Ordinary Resolution, the Ordinary Resolution was duly passed by way of poll at the SGM.
No Shareholders were subject to any restrictions in casting their votes on the Ordinary Resolution at the
SGM.
No parties had indicated in the Circular that they intended to vote against or to abstain from voting on the
Ordinary Resolution at the SGM.
PCCW through its subsidiary voted in favour of the Ordinary Resolution at the SGM in accordance with the undertaking provided by it as described in the Circular. As at the date of the SGM, PCCW through its subsidiary, Asian Motion Limited, held 285,088,666 Shares, which represented approximately 71.69% of the issued and paid up capital of the Company.
There were no Shares entitling the Shareholders to attend and abstain from voting in favour of the Ordinary Resolution at the SGM as set out in Rule 13.40 of the Listing Rules. No Shareholders or their associates were required under the Listing Rules to abstain from voting on the Ordinary Resolution at the SGM.
Computershare Hong Kong Investor Services Limited, the Company's branch share registrar, was appointed to act as the scrutineer for the vote-taking at the SGM.

FULFILMENT OF ALL THE CONDITIONS PRECEDENT UPON WHICH THE DISPOSAL IS CONDITIONAL

Reference is made to the announcement of PCCW dated 8 May 2014 announcing the passing of the ordinary resolution to approve the Disposal at the extraordinary general meeting of PCCW held on 8 May
2014.
The Board is pleased to announce that, with the passing of the Ordinary Resolution and the passing of the ordinary resolution to approve the Disposal at the extraordinary general meeting of PCCW referred to above, all of the conditions precedent to which completion of the sale and purchase of the Sale Share and the assignment of the Shareholder Loan as contemplated under the SPA is subject have been fulfilled. Shareholders and other investors are reminded that completion of the sale and purchase of the Sale Share and the assignment of the Shareholder Loan as contemplated under the SPA is still subject to other terms and conditions of the SPA as detailed in the Circular.
By Order of the Board

Pacific Century Premium Developments Limited Cheng Wan Seung, Ella

Company Secretary

Hong Kong, 9 May 2014

As at the date of this announcement, the Directors are:

Executive Directors:

Li Tzar Kai, Richard (Chairman); Lee Chi Hong, Robert (Deputy Chairman and Chief Executive Officer); Lam Yu Yee (Deputy Chief Executive Officer and Chief Financial Officer); James Chan; and Gan Kim See, Wendy.

Independent Non-Executive Directors:

Cheung Kin Piu, Valiant; Prof Wong Yue Chim, Richard, SBS, JP; and Dr Allan Zeman, GBM, GBS, JP.

* For identification only

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