Pacific Century Premium Developments Limited announced Settlement of the Tender Offer by the company in respect of the USD 700,000,000 4.75 per cent. Guaranteed Notes due 2022 issued by PCPD Capital Limited and unconditionally and irrevocably guaranteed by the company. Reference is made to the announcements of the company dated 7 June 2021 and 17 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 on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 7 June 2021. Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum. The company announced that the New Financing Condition has been satisfied and the settlement of the Tender Offer was completed on 18 June 2021. Following settlement of the Tender Offer, the company has been informed by The Hongkong and Shanghai Banking Corporation Limited as registrar of the Notes that it has cancelled the Notes which have been validly tendered and purchased by the company pursuant to the Tender Offer. Accordingly, the aggregate principal amount of Notes which remain outstanding is USD 316,034,000.