The final rating is consistent with the preliminary one assigned on 10 November and is based on Hutchison Whampoa's broad and diverse business mix, steady cash flows from traditional port and investment properties business, high liquidity and strong financial flexibility. These strengths are slightly tempered by low-performing 3G telecoms operations.

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Principal
    Title of                         Amount             Maturity
    Security           Issuer      Outstanding(1)         Dates

    5.45% Guaranteed  Hutchison    US$1,500,000,000   November 24, 2010
     Notes due 2010    Whampoa
                     International
                    (03/33) Limited

    7.00% Guaranteed  Hutchison    US$1,500,000,000   February 16, 2011
     Notes due 2011    Whampoa
                     International
                    (01/11) Limited

                                       Aggregate
                                       Principal
                       Aggregate       Amount of
                       Principal       New Notes           Total
                         Amount          to be             Cash
    Title of           Accepted for    Issued in       Consideration(2)
    Security            Exchange        Exchange

    5.45% Guaranteed  US$122,308,000  US$122,308,000    US$7,177,125.84
     Notes due 2010

    7.00% Guaranteed  US$67,022,000   US$67,022,000     US$5,027,754.74
     Notes due 2011

    (1)The Company and its affiliates hold in the aggregate US$310,523,000
       principal amount of the 2010 Notes, and US$264,410,000 principal
       amount of the 2011 Notes.
    (2)Determined pursuant to the terms and conditions set forth in the
       Offering Memorandum.

The Issuer has accepted for exchange all of the Existing Notes validly tendered (and not withdrawn) in the exchange offer. The aggregate principal amount of the 2010 Notes validly tendered (and not withdrawn) pursuant to the exchange offer was US$122,308,000 and the aggregate principal amount of the 2011 Notes validly tendered (and not withdrawn) pursuant to the exchange offer was US$67,022,000. The aggregate principal amount of the New Notes to be issued in connection with the exchange offer will be US$189,330,000 and the total cash consideration paid in connection with the exchange offer will be US$12,204,880.58.

The New Notes will mature on September 11, 2015 and bear interest at 4.625% per annum from and including September 11, 2009, payable semi-annually in arrears on March 11 and September 11 of each year (commencing March 11, 2010). The New Notes will be unconditionally and irrevocably guaranteed by the Company. The issuance of New Notes pursuant to the exchange offer will be a further issuance of the Issuer's 4.625% Guaranteed Notes due 2015. The New Notes will be consolidated and will form a single series with the Issuer's outstanding US$2,000,000,000 principal amount of the 4.625% Guaranteed Notes due 2015 that were originally issued on September 11, 2009, except that the New Notes sold outside of the United States pursuant to Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act") will be subject to certain resale restrictions in the United States during the 40 day period after the later of the commencement of offering and the settlement date of the exchange offer. Application will be made to the Singapore Exchange Securities Trading Limited ("SGX-ST") for permission to deal in and the listing of the New Notes. The SGX-ST takes no responsibility for the correctness of any statement made, opinion expressed or reports contained herein. Admission to the Official List of the SGX-ST and quotation of the New Notes on the SGX-ST is not to be taken as an indication on the merits of the Issuer, the Company or the New Notes. The listing of the New Notes remains subject to the approval of the SGX-ST.

The settlement date for the New Notes (the "Settlement Date") is expected to be October 28, 2009. All cash payments in connection with the exchange offer will also be payable on such date.

Any Existing Notes accepted for exchange by the Issuer in the exchange offer will not be cancelled. The Issuer has no current plans to transfer any Existing Notes accepted for exchange but may decide to do so in the future, including, if appropriate at the time, a transfer to the respective issuers which may or may not after such transfer decide to cancel such Existing Notes.

Persons with questions regarding the exchange offer should contact Thomas O'Connor at Morgan Stanley in New York at +1-800-624-1808 (toll free) or +1-212-761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852-2848-5961.

The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction. Unless they are registered, the New Notes may be offered only in transactions that are exempt from registration under the Securities Act or the securities laws of any other jurisdiction.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell or exchange the Existing Notes or the New Notes. Neither this announcement nor the Offering Memorandum and accompanying Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of Existing Notes pursuant to the exchange offer will not be accepted from Holders thereof in any jurisdiction where such invitation or tender is unlawful.

Thomas O'Connor of Morgan Stanley in New York, +1-800-624-1808 (toll free), or
+1-212-761-5384 (collect); or in Hong Kong, Meng Gao, +852-2848-5961

                                    Principal
    Title of                         Amount             Maturity
    Security           Issuer      Outstanding(1)         Dates

    5.45% Guaranteed  Hutchison    US$1,500,000,000   November 24, 2010
     Notes due 2010    Whampoa
                     International
                    (03/33) Limited

    7.00% Guaranteed  Hutchison    US$1,500,000,000   February 16, 2011
     Notes due 2011    Whampoa
                     International
                    (01/11) Limited

                                       Aggregate
                                       Principal
                       Aggregate       Amount of
                       Principal       New Notes           Total
                         Amount          to be             Cash
    Title of           Accepted for    Issued in       Consideration(2)
    Security            Exchange        Exchange

    5.45% Guaranteed  US$122,308,000  US$122,308,000    US$7,177,125.84
     Notes due 2010

    7.00% Guaranteed  US$67,022,000   US$67,022,000     US$5,027,754.74
     Notes due 2011

    (1)The Company and its affiliates hold in the aggregate US$310,523,000
       principal amount of the 2010 Notes, and US$264,410,000 principal
       amount of the 2011 Notes.
    (2)Determined pursuant to the terms and conditions set forth in the
       Offering Memorandum.

The Issuer has accepted for exchange all of the Existing Notes validly tendered (and not withdrawn) in the exchange offer. The aggregate principal amount of the 2010 Notes validly tendered (and not withdrawn) pursuant to the exchange offer was US$122,308,000 and the aggregate principal amount of the 2011 Notes validly tendered (and not withdrawn) pursuant to the exchange offer was US$67,022,000. The aggregate principal amount of the New Notes to be issued in connection with the exchange offer will be US$189,330,000 and the total cash consideration paid in connection with the exchange offer will be US$12,204,880.58.

The New Notes will mature on September 11, 2015 and bear interest at 4.625% per annum from and including September 11, 2009, payable semi-annually in arrears on March 11 and September 11 of each year (commencing March 11, 2010). The New Notes will be unconditionally and irrevocably guaranteed by the Company. The issuance of New Notes pursuant to the exchange offer will be a further issuance of the Issuer's 4.625% Guaranteed Notes due 2015. The New Notes will be consolidated and will form a single series with the Issuer's outstanding US$2,000,000,000 principal amount of the 4.625% Guaranteed Notes due 2015 that were originally issued on September 11, 2009, except that the New Notes sold outside of the United States pursuant to Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act") will be subject to certain resale restrictions in the United States during the 40 day period after the later of the commencement of offering and the settlement date of the exchange offer. Application will be made to the Singapore Exchange Securities Trading Limited ("SGX-ST") for permission to deal in and the listing of the New Notes. The SGX-ST takes no responsibility for the correctness of any statement made, opinion expressed or reports contained herein. Admission to the Official List of the SGX-ST and quotation of the New Notes on the SGX-ST is not to be taken as an indication on the merits of the Issuer, the Company or the New Notes. The listing of the New Notes remains subject to the approval of the SGX-ST.

The settlement date for the New Notes (the "Settlement Date") is expected to be October 28, 2009. All cash payments in connection with the exchange offer will also be payable on such date.

Any Existing Notes accepted for exchange by the Issuer in the exchange offer will not be cancelled. The Issuer has no current plans to transfer any Existing Notes accepted for exchange but may decide to do so in the future, including, if appropriate at the time, a transfer to the respective issuers which may or may not after such transfer decide to cancel such Existing Notes.

Persons with questions regarding the exchange offer should contact Thomas O'Connor at Morgan Stanley in New York at (800) 624-1808 (toll free) or (212) 761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852 2848 5961.

The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction. Unless they are registered, the New Notes may be offered only in transactions that are exempt from registration under the Securities Act or the securities laws of any other jurisdiction.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell or exchange the Existing Notes or the New Notes. Neither this announcement nor the Offering Memorandum and accompanying Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of Existing Notes pursuant to the exchange offer will not be accepted from Holders thereof in any jurisdiction where such invitation or tender is unlawful.

SOURCE Hutchison Whampoa International

The full terms and conditions of the Exchange Offer are set forth in the Offering Memorandum dated September 24, 2009.

The expiration date of the Exchange Offer will be 12:00 midnight, New York City time, on October 23, 2009.

The Issuer's obligations to accept any Existing Notes tendered and to issue New Notes in exchange for them are set forth solely in the Offering Memorandum and the accompanying Letter of Transmittal.

The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction. Unless they are registered, the New Notes may be offered only in transactions that are exempt from registration under the Securities Act or the securities laws of any other jurisdiction. Prior to the receipt or review of the Offering Memorandum or participation in the exchange offer, each holder of Existing Notes (or a custodial entity acting on its behalf) must certify that it is a (a) "qualified institutional buyer", as that term is defined in Rule 144A of the Securities Act, and is acquiring the New Notes for its own account or for a discretionary account or accounts on behalf of one or more qualified institutional buyers or (b) a person located outside the United States or a fiduciary holding accounts for the benefit of non-U.S. persons, as those terms are defined in Regulation S under the Securities Act. Only holders of Existing Notes who have completed the certification are authorized to receive or review the Offering Memorandum or to participate in the exchange offer.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell or exchange the Existing Notes or the New Notes. The exchange offer is made only by, and pursuant to the terms of, the Offering Memorandum, and the information in this announcement is qualified by reference to the Offering Memorandum and the accompanying Letter of Transmittal. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own legal, tax and financial advice, including as to any tax consequences, from its stockbroker, bank manager, counsel, accountant or other independent financial adviser. None of the Issuer, the Company, the Dealer Manager, the Exchange Agent and Information Agent or any of their respective affiliates, makes any recommendation as to whether or not any Holder should tender Existing Notes held by them pursuant to the exchange offer. Subject to applicable law, the Issuer may amend, extend or, subject to certain conditions, terminate the exchange offer.

Persons with questions regarding the exchange offer should contact Thomas O'Connor at Morgan Stanley in New York at +1-800-624-1808 (toll free) or +1-212-761-5384 (collect). In Hong Kong, questions may be directed to Meng Gao at +852-2848-5961.

Requests for copies of the Offering Memorandum, Letter of Transmittal and related materials should be directed to D.F. King & Co., Inc., the Information Agent and Exchange Agent for the exchange offer, at +1-212-269-5550 (for banks and brokers only) or +1-800-431-9633 (for all others and toll-free).

Neither this announcement nor the Offering Memorandum and accompanying Letter of Transmittal constitutes an offer to purchase in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws and tenders of Existing Notes pursuant to the exchange offer will not be accepted from Holders thereof in any jurisdiction where such invitation or tender is unlawful.

Tom Long of D.F. King & Co., Inc., +1-212-493-6920, tlong@dfking.com