Pacific Century Group Joins Cerberus Consortium

HONG KONG, May 31 /CNW/ -- Pacific Century Group ("PCG"), a private investment 
group controlled by Richard Li, refers to the news that it is part of the 
consortium led by Cerberus Capital Management, which has expressed an interest 
in exploring the possibility of acquiring BCE Inc of Canada.  PCG confirms that 
discussion with the consortium is still at an early stage with the level of 
participation by PCG still undecided, but it is likely to be a minority stake. 
Richard Li, who is Canadian, is the Chairman of both PCG and PCCW Limited 
(PCCW).  PCG has offered this opportunity to PCCW and PCCW has confirmed they 
are not interested in participating in this investment. 

    About Pacific Century Group

Pacific Century Group is a private investment group controlled by Richard Li.  
PCG's listed investments in the region include Pacific Century Regional 
Developments Limited in Singapore and PCCW Limited in Hong Kong.  PCG also has 
property interests in India, Singapore, Hong Kong and China, and Japan.

For media inquiries:

Brunswick Group
     Tim Payne
     Tel: +852-6104-6266
     Joseph Lo
     Tel: +852-9850-5033

For further information: Tim Payne, +852-6104-6266; Joseph Lo,  +852-9850-5033, 
both of Brunswick for PCG

CO: PCCW Limited
-0- May/31/2007 12:48 GMT

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