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Published on 6/17/2009 in the Prospect News Emerging Markets Daily.

Hutchison Whampoa tenders for 5.625% sterling notes due 2017, 2026, 4.625% euro notes due 2016

New York, June 17 - Hutchison Whampoa Ltd. subsidiaries Hutchison Whampoa Finance UK plc and Hutchison Whampoa Finance (06) Ltd. announced a tender offer for Hutchison Whampoa Finance UK's £300 million 5.625% series A guaranteed notes due 2017 and £400 million 5.625% series B guaranteed notes due 2026 and Hutchison Whampoa Finance (06)'s €1 billion 4.625% guaranteed notes due 2016.

The tenders will be carried out by Daystep Ltd., Ideal Zone Ltd. and Plan Bright Ltd., all British Virgin Islands subsidiaries of the parent company.

Covered by the tender are up to £350 million principal amount of sterling notes and €300 million of euro notes.

First priority in the sterling tender is the series B sterling notes. Plan Bright is offering to pay £840 per £1,000 principal amount of these notes.

Second priority is the series A sterling notes, which Ideal Zone is offering to buy at £953 per £1,000 principal amount.

Daystep is tendering for the euro notes and offering to pay €955 per €1,000 principal amount. Hutchison Whampoa and affiliates already own €52.35 million of this issue.

Holders will also receive accrued interest up to but excluding the settlement date, expected to be June 30.

The tender ends at 6 a.m. ET on June 26.

Calyon (+44 20 7214 7408 or +852 2826 7363) is dealer manager. Lucid Issuer Services Ltd. (+ 44 20 7704 0880) is tender agent.

Hutchison Whampoa is a Hong Kong-based infrastructure conglomerate.


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