09:24     HUTCH TELECOM<02332> - Announcement (4)                             

    40% for last year.                                                        
                                                                              
    The Board considers the terms of the Share Purchase Agreement             
    and the CAC Shareholders' Agreement to be on normal commercial            
    terms, fair and reasonable and in the interest of the Company             
    and the Shareholders as a whole.                                          
                                                                              
    GENERAL                                                                   
                                                                              
    The Group is a global provider of telecommunications services.            
                                                                              
    The Acquisition and the CAC Shareholders' Agreement, when                 
    entered into, together constitute a discloseable transaction              
    for the Company, which is subject to the reporting, announcement          
    and circular requirements of the Listing Rules. A circular                
    providing further 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.        
                                                                              
    As at the date of this announcement, the Directors are:                   
                                                                              
    Executive Directors:    Non-executive Directors:                          
    Mr. Dennis Pok Man LUI  Mr. FOK Kin-ning, Canning                         
    Mr. Tim PENNINGTON      Mrs. CHOW WOO Mo Fong, Susan                      
    Mr. CHAN Ting Yu        Mr. Frank John SIXT                               
    Mr. WOO Chiu Man, Cliff                                                   
            Independent Non-executive Directors:                              
            Mr. KWAN Kai Cheong                                               
            Mr. John W. STANTON                                               
            Mr. Kevin WESTLEY                                                 
                                                                              
    DEFINITIONS                                                               
                                                                              
    "Acquisition"   proposed acquisition of the Sale Shares, being            
    60% of the issued share capital of CAC                                    
                                                                              
    "ADS(s)"        American depositary share(s) issued by Citibank N.A.,     
    each representing ownership of 15 Shares                                  
                                                                              
    "ATT"   Asia Telecommunication Technology Ltd, a company                  
    incorporated in the British Virgin Islands                                
                                                                              
    "BKPM"  the Capital Investment Coordinating Board (Badan                  
    Koordinasi Penanaman Modal) of Indonesia                                  
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "CAC"   PT Cyber Access Communications, a limited liability               
    company incorporated in Indonesia, 60% of the issued share                
    capital of which comprises the Sale Shares                                
                                                                              
    "CAC NAV"       the value of CAC's recognised assets less the value       
    of its recognised liabilities and provisions for liabilities              
    and charges, determined in accordance with the completion                 
    accounts of CAC as at the close of business on the date of                
    Completion                                                                
                                                                              
    "CAC Shareholders'      the shareholders' agreement in relation to        
    CAC to be entered into by PT Asia Mobile,                                 
      Agreement"    ATT, a Group company to be named and CAC on               
    Completion                                                                
                                                                              
    "Company"       Hutchison Telecommunications International Limited,       
    a company incorporated in the Cayman Islands, whose Shares are            
    listed on the Main Board of the Stock Exchange and ADSs are listed        
    on the New York Stock Exchange                                            
                                                                              
    "Completion"    completion of the sale and purchase of the Sale           
    Shares pursuant to the Share Purchase Agreement                           
                                                                              
    "Conditions"    conditions set out in the Share Purchase Agreement        
    upon the satisfaction or waiver of which the parties' obligation          
    to sell and purchase the Sale Shares