Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PACIFIC CENTURY PREMIUM DEVELOPMENTS LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock Code: 00432) UNUSUAL SHARE PRICE AND TRADING VOLUME MOVEMENTS

This announcement is made at the request of The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of Pacific Century Premium Developments Limited (the
"Company") has noted the increases in the price and trading volume of the shares of the Company today.
Recently, the Group has been in discussions with certain independent third parties in relation to a possible property investment opportunity in Indonesia. If materialized, the investment would constitute notifiable transaction(s) of the Company under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. As of the date of this announcement, no binding sale and purchase agreement has been entered into by the Group for any such property investment.
Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that, save in relation to the above, the Board is not aware of any reasons for these price or volume movements or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance.

As the discussions may or may not result in any binding sale and purchase or investment transactions and any transaction involved may or may not materialise, shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

This announcement is made by the order of the Company. The Company's Board of Directors collectively and individually accepts responsibility for the accuracy of this announcement.
By Order of the Board

Pacific Century Premium Developments Limited Cheng Wan Seung, Ella

Company Secretary

Hong Kong, 11 January 2013

The directors of the Company as at the date of this announcement 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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