HK Bourse: Press Release from Hutchison Telecom Intl

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Tuesday 9 November 12:47 PM

HK Bourse: Press Release from Hutchison Telecom Intl

DJ HK Bourse: Press Release from Hutchison Telecom Intl

This announcement is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any securities, nor is it calculated to invite any such offer or invitation. This announcement is made pursuant to the requirements under Section 9(2) of the Securities and Futures (Price Stabilizing) Rules.

The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HUTCHISON TELECOMMUNICATIONS INTERNATIONAL LIMITED (a company incorporated in the Cayman Islands with limited liability) (Stock Code: 2332)

STABILISATION ACTION AND END OF STABILISING PERIOD

* The stabilising period in connection with the Global Offering ended on 5 November 2004.

*       Stabilising actions were undertaken during the stabilising
period with the purchase of 47,280,000 Shares in the price range
of HK$5.45 to HK$5.85 per Share and the purchase of 8,398,000
ADSs in the price range of US$10.57 to US$11.35 per ADS, to cover
over-allocations in the International Offering.

*       The Over-allocation Option has not been exercised and will
lapse on 15 November 2004.

Unless otherwise defined in this announcement, terms defined
in the prospectus of Hutchison Telecommunications International
Limited dated 30 September 2004 shall have the same meanings
when used in this announcement.

The Board announces that the stabilising period in connection
with the Global Offering ended on 5 November 2004, the thirtieth
day after the last day for the lodging of applications under
the Hong Kong Public Offering. As advised by the Global
Co-ordinator, in its capacity as stabilising manager for the
Global Offering, stabilising actions were undertaken during the
stabilising period with the purchase of 47,280,000 Shares in
the price range of HK$5.45 to HK$5.85 per Share and the purchase
of 8,398,000 ADSs in the price range of US$10.57 to US$11.35
per ADS. The Global Co-ordinator has also advised that the last
purchase made in the course of stabilising action was on 21
October 2004 at the price of US$10.60 per ADS.

As at the date of this announcement, the Over-allocation Option
has not been exercised. As 173,250,000 Shares have been purchased
from the market to settle the 173,250,000 Shares borrowed from
the Selling Shareholder to cover over-allocations in the
International Offering, the borrowed Shares have been returned
to the Selling Shareholder in full and the Over-allocation Option
will not be exercised and will lapse on 15 November 2004.

As at the date of this announcement, the Executive Directors
are Mr LUI Pok Man, Dennis, Mr Tim PENNINGTON and Mr CHAN Ting
Yu. The Non-executive Directors are Mr FOK Kin-ning, Canning,
Mrs CHOW WOO Mo Fong, Susan and Mr Frank SIXT. The Independent
Non-executive Directors are Mr KWAN Kai Cheong, Mr John W.
STANTON and Mr Kevin WESTLEY.

Source: Stock Exchange of Hong Kong

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