i-CABLE Announcement On Open Offer – Grant Of Formal Waivers

This announcement is made by i-CABLE Communications Limited (the “Company”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the prospectus dated 10 August 2017 (the “Prospectus”) and the announcement dated 20 July 2017 issued by the Company. Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as defined in the Prospectus

FORMAL WAIVERS GRANTED BY THE COMMUNICATIONS AUTHORITY

The Board is pleased to announce that on 12 September 2017, the Communications Authority granted the Formal Waivers to HKCTV and FTV respectively, and the HKCTV Waiver Approval and the FTV Waiver Approval have been obtained.

REMAINING CONDITIONS OF THE OPEN OFFER

As at the date of this announcement, conditions (1), (2), (3)(a), (3)(b), (4), (5), (6) (as to delivery of the Undertaking), (7), (8), (10) and (13) of the Open Offer as set out under the paragraph headed “Conditions precedent” in the Prospectus have been fulfilled.

Shareholders and potential investors should note that the completion of the Open Offer is still conditional upon the fulfilment or waiver (where applicable) of the remaining conditions precedent of the Open Offer as set out in the Prospectus on or before the Conditions Fulfilment Date. Accordingly, the Open Offer may or may not become unconditional and may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Shares, and if they are in any doubt about their position, they should consult their professional advisers.

It is expected that the Underwriting Agreement and the Open Offer shall become unconditional by the first day of dealings in the Offer Shares (which is currently expected to be 15 September 2017 based on the expected timetable for the Open Offer as set out in the section headed “Expected Timetable” of the Prospectus). Further announcement(s) will be made by the Company in relation to the fulfilment or waiver (where applicable) of the remaining conditions precedent of the Open Offer and the completion of the Open Offer.

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