10:56     CHEUNG KONG<00001> - Announcement (3)                               

    The HWL Group operates and invests in five core businesses: ports         
    and related services; telecommunications; property and hotels;            
    retail and manufacturing; and energy, infrastructure, finance             
    and investments.                                                          
                                                                              
    The directors (Note) of CKH as at the date of this announcement           
    are Mr. LI Ka-shing (Chairman), Mr. LI Tzar Kuoi, Victor                  
    (Managing Director and Deputy Chairman), Mr. George Colin MAGNUS          
    (Deputy Chairman), Mr. KAM Hing Lam (Deputy Managing Director),           
    Mr. CHUNG Sun Keung, Davy, Mr. IP Tak Chuen, Edmond, Ms. PAU              
    Yee Wan, Ezra, Ms. WOO Chia Ching, Grace and Mr. CHIU Kwok Hung,          
    Justin as Executive Directors; Mr. LEUNG Siu Hon, Mr. FOK                 
    Kin-ning, Canning, Mr. Frank John SIXT and Mr. CHOW Kun Chee,             
    Roland as Non-executive Directors; and Mr. KWOK Tun-li, Stanley,          
    Mr. YEH Yuan Chang, Anthony, Mr. Simon MURRAY, Mr. CHOW Nin Mow,          
    Albert, Ms. HUNG Siu-lin, Katherine, Dr. WONG Yick-ming, Rosanna,         
    Mr. KWAN Chiu Yin, Robert and Mr. CHEONG Ying Chew, Henry as              
    Independent Non-executive Directors.                                      
                                                                              
    Definitions                                                               
                                                                              
    In this announcement, unless the context otherwise requires,              
    the following expressions have the following meanings:                    
                                                                              
    "Acquisition and        acquisition of the land use right in respect      
    of the Wenjiang                                                           
      Development"  Land pursuant to the Land Use Right Transfer              
    Contract and its development into residential and commercial              
    properties;                                                               
                                                                              
    "Board" board of directors;                                               
                                                                              
    "CKH"   Cheung Kong (Holdings) Limited, a company incorporated            
    in Hong Kong with limited liability, the shares of which are              
    listed on the Main Board of the Stock Exchange (Stock Code: 001);         
                                                                              
    "CKH Group"     CKH and its subsidiaries;                                 
                                                                              
    "connected person"      shall have the meaning ascribed to it in          
    Listing Rule 1.01;                                                        
                                                                              
    "Glory Sense"   Glory Sense Limited, a limited liability company          
    incorporated in Hong Kong and owned 50/50 by indirect wholly              
    owned subsidiaries of CKH and HWL;                                        
                                                                              
    "Hong Kong"     the Hong Kong Special Administrative Region of the        
    PRC;                                                                      
                                                                              
    "HWL"   Hutchison Whampoa Limited, a company incorporated in Hong         
    Kong with limited liability, the shares of which are listed on            
    the Main Board of the Stock Exchange (Stock Code: 013);                   
                                                                              
    "HWL Group"     HWL and its subsidiaries;                                 
                                                                              
    "JVCo"  * Hutchison Whampoa Properties                                    
    (Chengdu) Wenjiang Limited, a company established in the PRC              
    on 2nd March, 2005 and wholly foreign owned by Glory Sense, and           
    represented equally on its board of directors, by indirect wholly         
    owned subsidiaries of CKH and HWL for the sole purpose of                 
    effecting the Acquisition and Development;                                
                                                                              
    "Land Bureau"   The Bureau of Land Resources Wenjiang, Chengdu            
    Municipal;                                                                
                                                                              
    "Land Use Right the agreement dated 5th March, 2005 entered into          
    by JVCo                                                                   
      Transfer Contract"    and Land Bureau for the acquisition of            
    land use right in respect of the Wenjiang