10:48     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                                                              
                                                                              
    The Board wishes to announce that whilst it remains the Company's         
    intention to consider the possibility of an IPO and listing of            
    its India Operations at an appropriate time, such IPO is unlikely         
    to occur on or before 30 June 2005.                                       
                                                                              
    As any spin-off of its India Operations is subject to the final           
    decision of the Board and the HMTL Board and compliance with              
    all applicable regulatory and legal requirements, Shareholders            
    and other investors are reminded to exercise caution when dealing         
    in the securities of the Company.                                         
                                                                              
                                                                              
    As stated in the Company's Prospectus, it was the Company's               
    intention to proceed with an IPO and listing of HMTL should a             
    consolidation of the Group's six Indian mobile                            
    telecommunications operators occur and subject to commercial              
    factors and prevailing market conditions. Such consolidation              
    duly took place on 1 February 2005, as previously announced by            
    the Company. On 2 February 2005, the Indian Government announced          
    that new rules governing foreign ownership in mobile                      
    telecommunications operators in India will be introduced but              
    details of such rules have not been published to date. As any             
    plan to proceed with the IPO and listing of HMTL may only be              
    formalised with reference to these new foreign ownership rules            
    and in compliance with all applicable regulatory and legal                
    requirements, HMTL is not in a position to recommend a timetable          
    for its application for listing and as such the Board considers           
    the effecting of such IPO on or before 30 June 2005 as unlikely.          
                                                                              
    Any IPO of HMTL's shares will constitute a spin-off for the               
    Company under the Listing Rules and will be subject to compliance         
    by the Company with all requirements under the Listing Rules              
    that may be applicable at the relevant time, including, without           
    limitation, Practice Note 15, unless otherwise agreed or waived           
    by the Stock Exchange. Practice Note 15 currently contains a              
    principle to the effect that the Stock Exchange would not                 
    normally consider a spin-off application within three years of            
    the date of the listing of the parent in recognition of the fact          
    that the listing of the parent will have been approved on the             
    basis of the parent's portfolio of businesses at the time of              
    listing and that the expectation of investors at that time would          
    have been that the parent would continue to develop these                 
    businesses. Prior to the listing of the Shares, the Stock                 
    Exchange granted the Company a waiver from the strict compliance          
    with such three-year principle on certain conditions, including           
    the effecting of the listing of the India Operations by 30 June           
    2005 and, in the event that such listing is not effected by 30            
    June 2005, the Company making an appropriate announcement to              
    that effect. Accordingly, the Board wishes to announce that               
    whilst it remains the Company's intention to consider the                 
    possibility of an IPO and listing of the India Operations at              
    an appropriate time, the Board is not in a position to make an            
    application for listing at the current time for the reasons               
    stated above, and as such the IPO is unlikely to occur on or              
    before 30 June 2005.