HONG KONG -- Hutchison Whampoa Limited (“HWL”) and HutchisonTelecommunications International Limited (“HTIL”) jointly announce today that an HWL Groupcompany (“Offeror”) has requested the board of directors of HTIL to put forward a proposal toprivatise HTIL by way of a Scheme of Arrangement (the “Scheme”) under the Companies Law of theCayman Islands (“Proposal”).

The Proposal will provide that each share of HTIL held by HTIL shareholders (other than thosewhich are wholly owned by HWL) on a record date to be announced will be cancelled in exchangefor HK$2.20 in cash. This amount represents a 37% premium over the closing price on the day priorto the suspension of trading in the HTIL shares. Holders of HTIL American Depositary Shares(“ADSs”) will for each HTIL ADS receive the US dollar equivalent of HK$33.00 in cash before feesand taxes. The Offeror has stated that the HK$2.20 amount will not be increased.

HTIL was listed in October 2004 and has since established itself as a leading pan-Asian emergingmarkets telecom operator. Since its IPO, HTIL has generated total returns (including dividends andthe value of the Hong Kong and Macau spin-off) of 178% to the HTIL shareholders, translating to anannualised return of 22% per annum through 31 December 2009.

HWL notes that, following the sale by HTIL’s subsidiaries of their respective interests in the Indiaand Israel operations, and the spin-off of its Hong Kong and Macau businesses. HTIL now hasoperations in four countries, none of which is amongst the top three operators in their respectivemarkets and all of which generate negative cash flow. HWL believes that HTIL will continue to needsignificant capital to broaden and expand its businesses and accordingly, anticipates that all thecurrent cash in the HTIL Group will be retained to fund its businesses, particularly in Indonesia andVietnam resulting in no surplus cash being available for dividends.

Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY)