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Hutchison Telecom Announces Successful Completion of HK$6 Billion Three-Year Senior Secured Credit Facility for Its Hong Kong Mobile Operations

Posted on: Friday, 27 May 2005, 09:00 CDT

Hong Kong, May 27 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited ("Hutchison Telecom"; SEHK: 2332; NYSE: HTX) today announced its Hong Kong mobile subsidiary signed a HK$6 billion three-year senior secured credit facility with a group of 12 banks.

Tim Pennington, Chief Financial Officer, Hutchison Telecom, said: "This is the first major financing for a subsidiary of Hutchison Telecom and we are delighted by the very positive response from banks and the terms of the loan."

The loan bears an interest margin of 0.75% per annum above HIBOR. The proceeds will be used to repay existing loans and to finance capital expenditure and general operating requirements.

The 12 banks participating in the syndication are ABN AMRO, Bayern LB Hong Kong, BNP Paribas, Calyon, Citigroup, DBS Bank Ltd, ING Wholesale Banking, Rabobank International Hong Kong Branch, The Royal Bank of Scotland plc, Standard Chartered Bank (Hong Kong) Limited, Sumitomo Mitsui Banking Corporation and WestLB AG.

Notes to editors:

About Hutchison Telecommunications International Limited

Hutchison Telecom International Limited ("Hutchison Telecom") is a leading global provider of telecommunications services, currently serving nine markets around the world.

Hutchison Telecom currently operates mobile and fixed telecommunications services in Hong Kong and mobile services also in Macau, India, Israel, Thailand, Paraguay, Sri Lanka and Ghana, with Vietnam intending to commence service in late 2005. It was the first provider of 3G mobile services in Hong Kong, where it also provides broadband and fixed-line telecommunications services. Hutchison Telecom operates common brands across its business including "Hutch", "3" and "Orange". It is a listed company whose American Depositary Shares are quoted on the New York Stock Exchange under the ticker HTX and shares are listed on the Hong Kong Stock Exchange under the stock code 2332.

A subsidiary of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is dedicated to providing superior telecommunications services in markets with high growth potential. See http://www.htil.com/ .

Media enquiries:

Hutchison Telecom

Mickey Shiu

Telephone: +852-2128-3107

Mobile: +852-9092-8233

Email: mickeyshiu@htil.com.hk

Citigate Dewe Rogerson

Bruce Shu

Telephone: +852-2533-4607

Mobile: +852-9132-2906

Email: bruce.shu@citigatedr-hk.com

Hutchison Telecom International Limited

CONTACT: Mickey Shiu of Hutchison Telecom, +852-2128-3107,+852-9092-8233, or mickeyshiu@htil.com.hk; or Bruce Shu, +852-2533-4607, or+852-9132-2906, or bruce.shu@citigatedr-hk.com, of Citigate Dewe Rogerson forHutchison Telecom

Web site: http://www.htil.com/

Source: PRNewswire

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