09:23     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 TRANSACTION                                                  
                                                                              
    The Board is pleased to announce that on 9 March 2005, the Group          
    entered into a conditional agreement for the acquisition of 60%           
    equity interest of CAC, the holder of a combined 2G and 3G mobile         
    telecommunications licence in Indonesia.                                  
                                                                              
    The consideration for the Acquisition is, before any adjustment,          
    US$120 million (approximately HK$936 million) payable in cash             
    on Completion. CP Group Indonesia will retain a 40% equity                
    interest in CAC after Completion.                                         
                                                                              
    After Completion, the CAC shareholders will agree to provide              
    funding to CAC pro rata to their respective equity interests              
    with an initial committed amount of US$300 million                        
    (approximately HK$2,340 million).                                         
                                                                              
    To the best knowledge, information and belief of the Directors,           
    after all reasonable enquiry, the Vendors and the ultimate                
    beneficial owner of the Vendors are independent of the Company            
    and of the connected persons of the Company.                              
                                                                              
    The Acquisition and the CAC Shareholders' Agreement together              
    constitute a discloseable transaction for the Company under the           
    Listing Rules. A circular providing details of the Acquisition            
    and the CAC Shareholders' Agreement will be despatched to the             
    Shareholders in accordance with the relevant requirements of              
    the Listing Rules.                                                        
    The Board is pleased to announce that on 9 March 2005 Hutchison           
    Netherlands, an indirect wholly owned subsidiary of the Company,          
    entered into a conditional agreement for the acquisition of 60%           
    of CAC, the holder of a combined 2G and 3G mobile                         
    telecommunications licence in Indonesia.                                  
                                                                              
    SHARE PURCHASE AGREEMENT                                                  
                                                                              
    Date                                                                      
                                                                              
    9 March 2005                                                              
                                                                              
    Parties                                                                   
                                                                              
    Vendors:        PT Asia Mobile, ATT                                       
            Young Crown Mobile                                                
                                                                              
    Purchaser:      Hutchison Netherlands                                     
                                                                              
    Conditions precedent                                                      
                                                                              
    Completion is conditional upon the satisfaction, or in some cases,        
    waiver by the Purchaser, of a number of conditions including:             
                                                                              
    (1)     the approval of BKPM to the transfer for the Sale Shares to       
    the Purchaser;