| FOR IMMEDIATE RELEASE | 24 September 2007 |
| A proposed acquisition by Cathay Pacific Airways Limited ("Cathay Pacific"), together with China National Aviation Holding Company ("CNAHC"), of shares in China Eastern Airlines Corporation Limited ("China Eastern") will not now proceed. At the request of Cathay Pacific, trading in the shares of Cathay Pacific on The Stock Exchange of Hong Kong Limited was suspended with effect from 2:30 p.m. on 21st September 2007 pending the announcement of a proposed transaction. Application has been made by Cathay Pacific to The Stock Exchange of Hong Kong Limited for the resumption of trading in the shares of Cathay Pacific with effect from 9:30 a.m. on 25th September 2007. |
At the request of Cathay Pacific, trading in the shares of Cathay Pacific on The Stock Exchange of Hong Kong Limited was suspended with effect from 2:30 p.m. on 21st September 2007 pending the announcement of a proposed transaction. The transaction contemplated by that announcement will not now proceed. The proposed transaction was an acquisition, together with CNAHC, of shares in China Eastern. A proposal to make the acquisition was to have been made to China Eastern. The acquisition would have replaced that previously proposed by Singapore Airlines Limited and a subsidiary of Temasek Holdings (Private) Limited. The transaction would have been price sensitive for Cathay Pacific because, if it had proceeded, it would have been a notifiable transaction under Chapter 14 of the Listing Rules of The Hong Kong Stock Exchange Limited. Application has been made by Cathay Pacific to The Stock Exchange of Hong Kong Limited for the resumption of trading in the shares of Cathay Pacific with effect from 9:30 a.m. on 25th September 2007.
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