09:27     CHEUNG KONG<00001>&HUTCHISON<00013>-Joint Announcement(4)           

    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.                                      
                                                                              
    The directors of HWL as at the date of this announcement are              
    Mr. LI Ka-shing (Chairman), Mr. LI Tzar Kuoi, Victor (Deputy              
    Chairman), Mr. FOK Kin-ning, Canning (Group Managing Director),           
    Mrs. CHOW WOO Mo Fong, Susan (Deputy Group Managing Director),            
    Mr. Frank John SIXT (Group Finance Director), Mr. LAI Kai Ming,           
    Dominic, Mr. George Colin MAGNUS and Mr. KAM Hing Lam as Executive        
    Directors; Mr. William SHURNIAK as                                        
    Non-executive Director; and Mr. Michael David KADOORIE, Mr.               
    Holger KLUGE, Mr. William Elkin MOCATTA (Alternate to Mr. Michael         
    David Kadoorie), Mr. Simon MURRAY, Mr. OR Ching Fai, Raymond              
    and                                                                       
    Mr. WONG Chung Hin 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 Jiang Han District, North Property                                 
      Development"  and Jiang Han District, South Property pursuant           
    to the Land Development Compensation Agreement No.1 and Land              
    Development Compensation Agreement No.2 respectively and their            
    development into residential and commercial  properties;                  
                                                                              
    "Board" board of directors;                                               
                                                                              
    "Chellic"       Chellic Limited, a company owned 50/50 and represented    
    equally on its board of directors, by indirect wholly owned               
    subsidiaries of CKH and HWL;                                              
                                                                              
    "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;                                 
                                                                              
    "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;                                 
                                                                              
    "Jiang Han District,    the piece of land with an area of 31,900          
    square metres, located at Lot no. P(2005)013                              
      North Property"       at the junction of Jinghan Main Road and          
    Jianghan Road, Jiang Han District, Wuhan, the PRC;                        
                                                                              
    "Jiang Han District,    the piece of land with an area of 132,178         
    square metres, located at Lot no.                                         
      South Property"       P(2005)012 at Hualou Jie, Jiang Han District,     
    Wuhan, the PRC;