PCCW's Unihub unveils two-factor authentication service for online bankingCITIC Ka Wah Bank adopted Unihub's OneKey authentication service

Hong Kong, June 21, 2005 - PCCW Limited subsidiary Unihub Limited (Unihub) today announced that CITIC Ka Wah Bank (the "Bank") has adopted its highly sophisticated and secure authentication service to protect banking customers engaging in online banking transactions.

With the introduction of Unihub's OneKey employing state-of-the-art security technologies, the Bank's Internet banking customers will receive double protection by being assured that not only is their e-Cert verified but that the website they have logged onto is legitimate. The procedure effectively minimizes online banking fraud.

Mr George Fok, Managing Director of Unihub said, "Our objective, in helping banks protect their customers, has been to provide highly sophisticated yet user-friendly technology that will make online banking convenient and secure."

Mrs Lorainne Lam, Executive Vice President and Head of Retail Banking Group of CITIC Ka Wah Bank said, "In line with our business philosophy of always staying at the cutting edge of offering innovative solutions for our customers, we are very pleased to have selected Unihub as our technology enabler in this important initiative. The technology used in its OneKey Solution will be totally transparent to our customers, yet it can provide our customers with total confidence by frustrating any criminal attempts operating through the Internet. We are confident that this will encourage our customers to transact more via our i-banking services in future."

Mr Fok said that the increased peace-of-mind for Internet banking users can be expected to encourage wider adoption of online services of a financial nature, as well as bring benefits in many other areas of life.

He said that Unihub's OneKey solution is an innovative application that is certain to boost e-Cert use throughout the community as it is easy to use and offers greatly enhanced security functions. As an example, he noted that Unihub had assisted Hongkong Post with the incorporation of e-Cert into smart ID cards. In this way, an information infrastructure is being built up that will increasingly provide the public and private sectors with the opportunity to introduce numerous innovative and value-added applications.

About Unihub

Unihub is the IT service arm of PCCW Limited. Leveraging on PCCW's telecom infrastructure and resources, it is the unique center for high quality talents and expertise to provide customers with strong resources across boundaries, a wealth of experience, rich solutions portfolio and powerful partnerships. Unihub offers system development and integration of industry solutions, IT infrastructure, system maintenance and outsourcing services with a key focus in the areas of Financial Services, Public Sector, Telecommunications and Enterprises.

About PCCW

PCCW Limited (SEHK: 0008, ADR-NYSE: PCW) is the leading communications provider in Hong Kong and one of Asia's leading IT&T players. Hong Kong's image as a center of technology excellence continues to be enhanced by PCCW's innovation, especially in new generation fixed-line telephony, broadband, IT, wireless and delivery of home entertainment. Internationally, PCCW provides cutting-edge technical services to network operators, and enables organizations to bring their business to Asia and take Asian business to the rest of the world. Note to Editors: The Company's English name was changed in 2002 from "Pacific Century CyberWorks Limited" to "PCCW Limited".

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