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i- -CABLE CABLE i Communications Limited Communications Limited 2007 Final Results 10 March 2008

Financial Review i-CABLE Communications Limited

Consolidated Results (HK$M) 2007 2006 %chg. Turnover 2,304 2,548 -10% Opex before dep'n (1,759) (1,921) -8% EBITDA 545 627 -13% Depreciation (367) (428) -14% Operating profit 178 198 -10% Net interest income 21 12 +77% Profit before taxation 199 210 -5% munications Limited Taxation (17) (29) -42% Net profit 183 181 +1% Capex 175 200 -13% i-CABLE Com • Successfully adjusted to the new competitive environment & established a lower cost base to preserve profitability 3

Dividend HK$ (cents) 2007 EPS 9.0 DPS 8.5 Payout ratio 94% Dividend Yield * Free Cash Flow Yield * (HK$) (HK$M) FCF** Dividend 8.5 cents 293 ons Limited Share Price 1.47 Market Cap 2,968 FCF yield Dividend yield 6% 10% i-CABLE Communicati • Robust free cashflow enables business diversification into film productions, publishing & other cross media opportunities * Based on the latest results & average closing share price in February 2008 ** Before financial investment and financing activities 4

Subscribers 159k 151k 120k 29k 306k 328k 320k 291k 258k 226k 882k 738k 786k 656k 702k 606k ABLE Communications Limited 2002 2003 2004 2005 2006 2007 Pay TV Broadband Voice • New marketing strategy accelerated subscriber growth Note: Voice subscriber no. is adjusted to reflect the number of lines-in-force between Wharf T&T and i-CABLE i-C 5

Operating Expenses (HK$M) 2007 2006 %chg. Programming 950 1,005 -5% Network & Others 419 451 -7% S, G&A 390 465 -16% Sub-total 1,759 1,921 -8% i-CABLE Communications Limited Depreciation 367 428 -14% Total 2,126 2,349 -10% • Improved operating efficiency with prudent cost control 6

Pay TV (HK$M) 2007 2006 %chg. 4Q 3Q %chg. Turnover 1,595 1,895 -16% 384 384 0% Opex before dep'n 1,196 1,411 -15% 284 298 -5% EBITDA 399 484 -18% 100 86 +16% Depreciation 220 236 -7% 53 54 -1% i-CABLE Communications Limited Operating profit 179 248 -28% 47 33 +43% • Realigned sales channels to reinforce revenue engine • Q4 revenue & operating profit improved on Q3, partly due to seasonal factors 7

Internet & Multimedia (HK$M) 2007 2006 %chg. Turnover 588 596 -1% Opex before dep'n 266 279 -5% EBITDA 322 317 +2% Depreciation 142 188 -25% Operating profit 180 129 +40% EBITDA margin 55% 53% +2% i-CABLE Communications Limited Operating margin 31% 22% +9% • Record operating profit • Revenue & profit preservation preferred over market share gain • Higher EBITDA & operating margin from enhanced efficiency 8

Business Review i-CABLE Communications Limited

Locally Relevant Content •Strategic investment in local content pays off - Most watched Pay TV platform - Sticky local content a strong retention tool 10

Viewership • CABLE TV viewership comparable to TVB Jade • Over 80% of viewership from CABLE TV’s self-produced channels CABLE TV channels viewership Viewership among CABLE TV 4+ subs 120% Other Pay TV Other Terrestrial 100% International Satellite Channels 19% 22% TVB Jade 12% 3% 80% 11% 19% CABLE TV's 60% Sports Channels 45% 40% 70% 39% CABLE TV's 59% News, 20% Entertainment & Movies Channels CABLE TV 0% 2006 2007 Source: CSM Media Research 2007 11

Entertainment Entertainment Channels Building blocks reinforcing Sundream Motion Artistes one another, making Pictures Management i-CABLE a robust entertainment platform i-CABLE Communications Limited Entertainment Sundream News Channel Music 12

Entertainment • Locally produced programmes constantly topped the most watched list • CABLE No. 1 Channel better watched than ATV World & closing in on TVB Pearl • Secured top movies & dubbed Hollywood blockbusters • Cemented relationship with the showbiz industry globally i-CABLE Communications Limited 怪談 怪談 13

News • Most watched news channel in Hong Kong with 42% past week reach* • Most credible TV News in CU / HKU / RTHK survey * 2007 Hong Kong Media Index CABLE Communications Limited 14 i-

News Prestigious awards in 2007 • Gold World Medal: “Image Projects” ( 神州穿梭 - 形象工程 ) The New York Festivals 2008 International TV Broadcasting Best News Documentary Special • Silver Plaque: “The Rising Cross” ( 時事 寛 頻 - 中國教會系列之崛起的十架 ) 2007 Chicago International Television Awards Public Affairs / Video News Release i-CABLE Communications Limited • Bronze Winner: “Underground Heaven” ( 時事 寛 頻 – 中國教會系列之地下天國 ) 2007 Telly Award • Bronze Winner: “A Unique Duo” ( 無雙譜 – 三集人物特備系列 ) 2007 Telly Award 15

Sports Exclusive rights for the crown jewels of sports • 2008 Olympics in Beijing (New Media) • 2010 FIFA World Cup in South Africa i-CABLE Communications Limited • 2010 Winter Olympics in Vancouver • 2012 Olympics in London 16

Sundream Motion Pictures • Award-winning films • 5 titles received 35 nominations • Awards A Battle of Wits ( 墨攻 ) - Best Film in the 12th Golden Bauhinia Awards - Recommended Film by Hong Kong Film Directors’ Guild Eye in the Sky ( 跟 踨 ) - Special Jury Prize in the 8th FILMex, Tokyo - Recommended Film and The Best Actor award in the 14 th Hong Hong Kong Film Critics Society i-CABLE Communications Limited 17

Sundream Motion Pictures New releases: Le Grand Chef ( 食客 ) • Three Kingdoms – The Resurrection • of The Dragon ( 三國之見龍卸甲 ) Lost Indulgence ( 迷果 ) • Ticket ( 車票 ) • i-CABLE Communications Limited The Equation of Love & Death • ( 李米的遭遇 ) • Plus Weinstein titles from Hollywood (8 earmarked for 2008) 18

Monetization of Content • Extensive international distribution - The Mainland, New Zealand, Malaysia, Singapore, Vietnam, Thailand, Taiwan, Japan, United States & Canada - Established recognition in overseas market • Programmes widely distributed in the Mainland - Fujian, Guangzhou, Shanghai, Guizhou, Jiangsu, Liulang & Beijing • New media platforms - Mobile content to CSL, Peoples, 3 Hong Kong, 3 Australia and CTM i-CABLE Communications Limited - Internet content to The Mainland, Taiwan and Japan • Newsline Express on MTR East Rail, West Rail, Ma On Shan Rail & Lok Ma Chau spur line - Reaching over 1.1 million passengers everyday 19

China Developments • Ad On Media - Exclusive advertising sales agent of Sanlian Life Week Magazine 《三聯生活周刊》 - Readership top among all weeklies in the same category - Strong growth in advertising revenue • Publications “Child Baby” 《孩子寶貝》 distributed across 40 Communications Limited - mainland cities targeting young professional mothers “iSport” 《 i- 體育》 to be distributed in Beijing, - Shanghai, Guangdon and major 2 nd tier cities Planning to launch 《漫頭周報》 in April 2008 - i-CABLE 20

Outlook • Scale up content production with local relevance • Leverage on cross media business in Hong Kong & Mainland China • Target to open 10 retail shops in major commercial districts ABLE Communications Limited i-C 21

i- -CABLE Communications Limited CABLE Communications Limited i HKSE Stock Code: 1097.HK U.S. Over - The - Counter Symbol: ICABY Disclaimer All information and data are provided for information purposes only. All opinions included herein constitute i-CABLE’s judgement as of the date hereof ommunications Limited and are subject to change without notice. i-CABLE and its subsidiaries and affiliates hereby disclaim (i) all express, implied, and statutory warranties of any kind to user and/or any third party including warranties as to accuracy, timeliness, completeness, or fitness for any particular purpose; and (ii) any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information and data contained herein. i-CABLE C