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Hutchison Whampoa's HK$1.5 billion notes listed

23 February 1999

Hutchison Whampoa Limited ("HWL") today (23/2) celebrated the listing of its HK$1.5 billion bond issue on the Stock Exchange of Hong Kong.

The size of the bond issue has been raised from the original amount of HK$1 billion to HK$ 1.5 billion due to the strong response from the investors. It is also the largest fixed rate notes ever issued by a private sector company based in Hong Kong.

Speaking at the listing ceremony this morning, Mr Canning Fok, Group Managing Director of HWL remarked, "The Stock Exchange of Hong Kong provides an excellent market place for our HK dollar bonds. I believe the successful listing of this record issue will further enhance investor interest in Hong Kong's debt market."

The issue has been underwritten by HSBC Markets, Bank of East Asia Ltd, Dao Heng Markets, Deutsche Bank (AG) and Salomon Smith Barney. The 3-year notes carry a fixed coupon of 7.88% per annum, payable quarterly.

The notes can be dealt in the Stock Exchange of Hong Kong under the code number 2525.

Ends

For further information, please contact:

Hutchison Whampoa Limited
Laura Cheung
Tel:  (852) 2128 1289