Subsidiaries of Hutchison Whampoa Limited Announce the Total Consideration Calculated on the Price Determination Date

By Prne, Gaea News Network
Thursday, June 4, 2009

NEW YORK - Subsidiaries of Hutchison Whampoa Limited Announce the Total Consideration Calculated on the Price Determination Date of Their Cash Tender Offer for Up to US$1,500 Million Aggregate Principal Amount of Notes Issued by Subsidiaries of Hutchison Whampoa Limited Referred to Below

Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright Limited (collectively, the “Offerors,” and individually, an “Offeror”), each a BVI business company with limited liability under the laws of the British Virgin Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the “Company”), announce, in connection with the previously announced tender offer (the “Tender Offer”) for up to US$1,500 million aggregate principal amount of the notes set forth in the table below issued by Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa International (03/33) Limited and Hutchison Whampoa International (03/13) Limited, each an exempted company with limited liability under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company, the Total Consideration and the Tender Offer Consideration for each series of notes calculated by Morgan Stanley as dealer manager at 2:00 p.m., New York City time, on June 4, 2009, in accordance with the offer to purchase dated May 7, 2009 (the “Offer to Purchase”):

(All amounts in U.S. dollars unless otherwise noted.) Reference U.S. Title of Treasury Security Issuer Security Reference Yield ——— —— ——— ————— 7.50% Hutchison Whampoa 4.50% U.S. 4.537% Guaranteed Finance (CI) Treasury Notes due Limited Note due 2027 May 15, 2038 7.45% Hutchison Whampoa 4.50% U.S. 4.537% Guaranteed International (03/33) Treasury Notes due Limited Note due 2033 May 15, 2038 6.25% Hutchison Whampoa 1.875% U.S. 2.505% Guaranteed International (03/33) Treasury Notes due Limited Note due 2014 April 30, 2014 6.50% Hutchison Whampoa 1.875% U.S. 2.505% Guaranteed International (03/13) Treasury Notes due Limited Note due 2013 April 30, 2014 Title of Total Tender Offer Accrued Security Consideration(1) Consideration(1) Interest(1)(2) ——– —————- —————- ————– 7.50% $978.85 $948.85 $26.66 Guaranteed Notes due 2027 7.45% $954.96 $924.96 $3.10 Guaranteed Notes due 2033 6.25% $1,047.82 $1,017.82 $23.43 Guaranteed Notes due 2014 6.50% $1,049.22 $1,019.22 $20.94 Guaranteed Notes due 2013 (1) Per $1,000 principal amount of Notes accepted for purchase. (2) Based on an expected Settlement Date of June 9, 2009.

Each tendering holder of notes accepted by the relevant Offeror for purchase will receive a total amount per US$1,000 principal amount equal to the Total Consideration or the Tender Offer Consideration, as the case may be, plus Accrued Interest, as set forth in the Offer to Purchase. The full terms and conditions of the Tender Offer are set forth in the Offer to Purchase.

The expiration date of the Tender Offer will be 12:00 midnight, New York City time, on June 8, 2009.

For additional information regarding the terms of the Tender Offer, please contact: Thomas O’Connor at Morgan Stanley in New York at 1-800-624-1808 (toll free) or +1-212-761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852-2848-5961.

Requests for documents and questions regarding the tender of notes may be directed to D.F. King & Co., Inc., at +1-212-269-5550 (for banks and brokers only) or 1-800-431-9645 (for all others and toll-free).

The Offerors’ obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and the related Letter of Transmittal.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell the notes. The Tender Offer is made only by, and pursuant to the terms of, the Offer to Purchase, and the information in this announcement is qualified by reference to the Offer to Purchase and the related Letter of Transmittal. If any holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax and financial advice, including as to any tax consequences, from its stockbroker, bank manager, counsel, accountant or other independent financial adviser. None of the Offerors, the Issuers, the Company, the Dealer Manager, the Depositary and Information Agent or any of their respective affiliates, makes any recommendation as to whether or not any holder should tender notes held by them pursuant to the Tender Offer. Subject to applicable law, the Offerors may amend, extend or, subject to certain conditions, terminate the Tender Offer.

Neither this announcement nor the Offer to Purchase and the related Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of notes pursuant to the Tender Offer will not be accepted from holders thereof in any jurisdiction where such invitation or tender is unlawful.

Source: Hutchison Whampoa Limited

Tom Long of D.F. King & Co., Inc., for Hutchison Whampoa Limited, +1-212-269-5550

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