PAC CENT CYBER<1186> - Announcement

The Stock Exchange has received a message from PACIFIC CENTURY CYBERWORKS 
LIMITED which is reproduced as follows:-

"The directors of the Company wish to inform shareholders that a placing 
agreement has been entered into between Pacific Century Group Holdings 
Limited and certain placing underwriters relating to the placing of up to 
335,000,000 existing shares in the Company this morning.  The directors of 
the Company also wish to emphasize that the decision to enter into the 
placing agreement was made this morning.

As such, we hereby request that the shares of the Company to be continued 
to be suspended commencing from 10:00 a.m. on 14 February 2000 pending for 
the issue of an announcement in relation to the aforesaid top-up placement 
of shares.

For and on behalf of
Pacific Century CyberWorks Limited

Helen Chu
Company Secretary

14 February 2000"