PAC CENT CYBER<0008> - Odd Lots Trading Arrangement

The Stock Exchange has received an announcement from Pacific Century 
CyberWorks Limited which is reproduced as follows:-

"               PACIFIC CENTURY CYBERWORKS LIMITED 
                  RIGHTS ISSUE (WITH WARRANTS)
       ARRANGEMENT FOR TOPPING UP ODD LOTS OF RIGHTS SHARES

To alleviate the difficulties arising from the existence of odd lots of 
Rights Shares issued pursuant to the Rights Issue, the following 
arrangement will be made:

1. Where Qualifying Shareholders have been provisionally allotted odd lots 
of Rights Shares under the PALs and have applied for excess Rights Shares 
under the EAFs to top up their odd lots to whole board lots of 1,000 
Rights Shares, the Directors will allocate a sufficient number of Rights 
Shares to make up their respective odd lots to whole board lots of 1,000 
Rights Shares by allocating to such applicants: (i) excess Rights Shares 
representing unsold entitlements of the Excluded Shareholders, any unsold 
Rights Shares created by adding together fractions of Rights Shares and 
any Rights Shares provisionally allotted but not accepted; and (ii) to the 
extent that number of excess Rights Shares are insufficient to meet all 
such applications, Rights Shares provisionally allotted to the Major 
Shareholders pursuant to the arrangement; and

2. To enable holders of odd lots of Rights Shares to dispose of such odd 
lots or to top them up to whole board lots of 1,000 Rights Shares, the 
Company has appointed BNP Paribas Peregrine Securities to purchase and 
sell odd lots of Rights Shares in their nil-paid form, on behalf of the 
Company, during the period from Wednesday, 15 November 2000 up to and 
including Friday, 24 November 2000 (being the first and last days of 
dealing in nil-paid Rights Shares). Holders of such odd lots who wish to 
take advantage of this facility either to dispose of their odd lots or to 
top up their odd lots to whole board lots of 1,000 Rights Shares may, 
through their respective brokers, contact BNP Paribas Peregrine Securities 
at 36/F Asia Pacific Finance Tower, 3 Garden Road, Hong Kong (telephone 
no. :2825-1844). 

15th November, 2000"