Cathay Pacific: Inside Information / Possible Acquisition

Cathay Pacific Airways Limited (the "Company") has noted media reports suggesting that the Company may be in discussions to acquire shares in Hong Kong Express Airways Limited ("HKE") and Hong Kong Airlines Limited from HNA Group Co., Ltd.

The Company hereby confirms that the Company is in active discussions about an acquisition involving HKE. No agreement for the acquisition has been entered into and there can be no certainty that any agreement will be entered into. Further announcement(s) will be made as and when appropriate.

This announcement is made by the Company pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).