10:10     CCT TELECOM<00138> & CCT TECH INT'L<00261> - J. Ann. (5)            

    Subtotal owned by the Offeror, CCT Telecom and parties acting in          
    concert with them                                                         
    5,500,000,000                                                             
    34.51                                                                     
    13,117,603,244                                                            
    82.30                                                                     
    61,546,174,672                                                            
    95.62                                                                     
                                                                              
    Kwong Cheong Trading Limited (note 1)                                     
    2,000,000,000                                                             
    12.55                                                                     
    0                                                                         
    0                                                                         
    0                                                                         
    0                                                                         
                                                                              
    Public shareholders                                                       
    8,438,422,562                                                             
    52.94                                                                     
    2,820,819,318                                                             
    17.70                                                                     
    2,820,819,318                                                             
    4.38                                                                      
                                                                              
                                                                              
    Total                                                                     
                                                                              
    15,938,422,562                                                            
                                                                              
    100.00                                                                    
                                                                              
    15,938,422,562                                                            
                                                                              
    100.00                                                                    
                                                                              
    64,366,993,990                                                            
                                                                              
    100.00                                                                    
                                                                              
    Note 1: Other than its holding of 2,000,000,000 CCT Tech Shares           
    in CCT Tech, Kwong Cheong Trading Limited is independent of, and          
    not connected or acting in concert with CCT Telecom, its directors,       
    chief executive, substantial shareholders and their respective            
    associates.                                                               
                                                                              
    THE OFFERS BECOMING UNCONDITIONAL IN ALL RESPECTS                         
                                                                              
    As disclosed in the announcement of CCT Telecom dated 18 April 2005,      
    condition (a) of the Offers was fulfilled on 18 April 2005.               
    Conditions (b), (c), (d) and (e) of the Offers were fulfilled on          
    or before 21 April 2005. Accordingly, the Offeror announces that          
    the Offers are declared unconditional in all respects on 21 April         
    2005.                                                                     
                                                                              
    COMPULSORY ACQUISITION AND MAINTAINING THE LISTING OF CCT TECH            
                                                                              
    As disclosed in the Composite Offer Document, CCT Telecom and the         
    Offeror intend to effect the compulsory acquisition of CCT Tech           
    in the event that the Offeror is permitted to do so under the             
    Companies Act and the Takeovers Code, and to apply for the                
    delisting of CCT Tech.                                                    
                                                                              
    Pursuant to section 102(1) of the Companies Act, if the Offers are        
    accepted by the CCT Tech Shareholders of at least nine-tenths in          
    value of the CCT Tech Shares, the Offeror may compulsorily acquire        
    the remaining CCT Tech Shares.                                            
                                                                              
    Pursuant to section 103 of the Companies Act, the Offeror may,            
    after the close of the Offers, compulsorily acquire all the CCT           
    Tech Shares not tendered to the Offers if the Offeror has received        
    acceptances in respect of such number of the CCT Tech Shares which,       
    when taken together with the CCT Tech Shares owned, controlled or         
    agreed to be acquired by the Offeror or parties acting in concert,        
    result in the Offeror and parties acting in concert with it holding       
    95% of the CCT Tech Shares.                                               
                                                                              
    Pursuant to Rule 2.11 of the Takeovers Code, except with the              
    consent of the Executive, where the Offeror seeks to acquire or           
    privatise CCT Tech by means of the Offers and the use of compulsory       
    acquisition rights, such rights may only be exercised if, in              
    addition to satisfying any requirements imposed by the Companies          
    Act, acceptance of the Offers and purchases (in each case of the          
    disinterested shares) made by the Offeror and persons acting in           
    concert with it during the period of four months after posting of         
    the Composite Offer Document total 90% of the disinterested               
    shares.