09:55     HUTCH TELECOM<02332> - Announcement (1)                             

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    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 TRANSACTION                                                  
                                                                              
    The Board is pleased to announce that on 18 February 2005, the            
    Group received from the Ministry of Planning and Investment of            
    Vietnam the Investment Licence approving Hutchison Vietnam's              
    Business Cooperation with Hanoi Telecom to build, develop and             
    operate a mobile telecommunications network in Vietnam and to             
    provide services over such network for a term of 15 years.                
    Hutchison Vietnam is an indirect wholly owned subsidiary of the           
    Company.                                                                  
                                                                              
    The Business Cooperation constitutes a discloseable transaction           
    for the Company under the Listing Rules. A circular providing             
    details of the Business Cooperation is expected to be despatched          
    to the Shareholders as soon as reasonably practicable.                    
                                                                              
    The Board is pleased to announce that on 18 February 2005, the            
    Group received from the Ministry of Planning and Investment of            
    Vietnam the Investment Licence for the Business Cooperation               
    Contract which sets out the basis of the cooperation between              
    Hutchison Vietnam and Hanoi Telecom for the building, operation           
    and development of a mobile telecommunications network and                
    provision of services over such network in Vietnam.                       
                                                                              
    A business cooperation is a permitted form of foreign investment          
    in telecommunications in Vietnam under which Hutchison Vietnam            
    carries out investment activities in cooperation with Hanoi               
    Telecom under a contractual, rather than an equity, arrangement.          
                                                                              
    BUSINESS COOPERATION CONTRACT (or BCC)                                    
                                                                              
    Date                                                                      
                                                                              
    14 July 2004                                                              
    (as amended and supplemented on 13 October 2004 and 27 January            
    2005 and becoming effective on                                            
    4 February 2005, the date of issue of the Investment Licence)             
                                                                              
    Parties                                                                   
                                                                              
    Hanoi Telecom                                                             
    Hutchison Vietnam                                                         
                                                                              
    Principal terms                                                           
                                                                              
    The BCC sets out the basis upon which the Parties plan to build,          
    develop and operate a mobile telecommunications network in                
    Vietnam using CDMA2000 technology and provide communication               
    services over such network. The BCC has a term of 15 years from           
    the date of issue of the Investment Licence.