10:32     HUTCH TELECOM<02332> - Announcement (1)                             

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims 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                        
    *                                                                         
    (incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 2332)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    DISCLOSEABLE AND CONNECTED TRANSACTIONS                                   
                                                                              
    The Board of HTIL announces that on 1 February 2005, HMTL, an             
    indirect subsidiary in India of HTIL, entered into the Share              
    Purchase Agreements, pursuant to which HMTL agreed to purchase            
    from the Vendors their entire respective interests in HETL, HTEL          
    and Fascel, also indirect subsidiaries in India of HTIL, in               
    return for the issue of new shares in HMTL.                               
                                                                              
    To effect the Consolidation, in addition to completing the                
    Transactions, HMTL also acquired from certain indirect wholly             
    owned subsidiaries of HTIL their entire respective interests              
    in HETL, HESL, HTEL and Fascel in return for the issue of new             
    shares in HMTL. The Consolidation was completed on 1 February             
    2005.                                                                     
                                                                              
    The Vendors are connected persons of HTIL by virtue of being              
    either substantial shareholders or associates of substantial              
    shareholders of certain subsidiaries of HTIL.                             
                                                                              
    The Transactions constitute discloseable and connected                    
    transactions for HTIL which are subject to the reporting,                 
    announcement and independent shareholders' approval                       
    requirements of the Listing Rules. HTIL has obtained from HTI,            
    an indirect wholly owned subsidiary of HWL and holder of                  
    approximately 70.2% in nominal value of the securities giving             
    the right to attend and vote at any general meeting of HTIL,              
    a written approval of the Transactions. HTIL has applied to the           
    Stock Exchange for a waiver from the requirement to hold a general        
    meeting of the HTIL shareholders and permission for the                   
    independent shareholders' approval of the Transactions to be              
    given in writing. A circular giving details of the Transactions,          
    a letter from an independent board committee of HTIL and an               
    independent financial adviser to the independent board committee          
    of HTIL is expected to be despatched to the HTIL shareholders             
    as soon as reasonably practicable.                                        
                                                                              
    SHARE PURCHASE AGREEMENTS                                                 
                                                                              
    Date                                                                      
                                                                              
    1 February 2005                                                           
                                                                              
    Parties                                                                   
                                                                              
    HMTL as purchaser                                                         
    Vendors as sellers                                                        
                                                                              
    Key terms                                                                 
                                                                              
    Each Vendor agrees to sell its entire interests in HETL, HTEL             
    and Fascel to HMTL in return for the allotment of new HMTL shares.        
    It is intended that a new shareholders' agreement governing the           
    parties' relationship as shareholders of HMTL will be entered             
    into and take effect from Consolidation.