Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of Their
Cash Tender Offers for up to US$750 Million Aggregate Principal Amount of
5.45% Guaranteed Notes Due 2010 and up to US$750 Million Aggregate Principal
Amount of 7.00% Guaranteed Notes Due 2011 Issued by the Subsidiaries of
Hutchison Whampoa Limited Referred to Below
NEW YORK, June 3 /PRNewswire/ -- Acelist Limited and Daystep Limited
(collectively, the "Offerors," and individually, an "Offeror"), each a BVI
business company with limited liability under the laws of the British Virgin
Islands and a wholly-owned subsidiary of Hutchison Whampoa Limited (the
"Company"), announce that, in connection with the previously announced tender
offers (the "Tender Offers") for the notes listed below, the following
principal amounts of notes have been tendered as of 5:00 p.m., New York City
time, on June 2, 2009:
Title of Maximum Tender Principal Amount
Offeror Security Issuer Offer Amount Tendered
------- -------- ------ -------------- --------------
Acelist 5.45% Hutchison US$750,000,000 US$155,157,000
Limited Guaranteed Whampoa
Notes due International
2010 (144A (03/33)
- CUSIP Limited
44841SAA7;
Regulation
S - CUSIP
G4672CAA3)
Daystep 7.00% Hutchison US$750,000,000 US$182,616,000
Limited Guaranteed Whampoa
Notes due International
2011 (144A (01/11)
- CUSIP Limited
44841HAC7;
Regulation
S - CUSIP
G4671XAC4;
Restricted
Individual
Note -
CUSIP
44841HAE3)
The full terms and conditions of the Tender Offers are set forth in the Offer
to Purchase dated May 15, 2009 (the "Offer to Purchase").
The expiration date of the Tender Offers will be 12:00 midnight, New York City
time, on June 16, 2009.
For additional information regarding the terms of the Tender Offers, please
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.
Requests for documents and questions regarding the tender of notes may be
directed to D.F. King & Co., Inc., at (212) 269-5550 (for banks and brokers
only) or (800) 431-9645 (for all others and toll-free).
The Offerors' obligations to accept any notes tendered and to pay the
applicable consideration for them are set forth solely in the Offer to
Purchase and the related Letter of Transmittal.
This announcement is neither an offer to purchase nor a solicitation of an
offer to sell the notes. The Tender Offers are made only by, and pursuant to
the terms of, the Offer to Purchase, and the information in this announcement
is qualified by reference to the Offer to Purchase and the related 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 Offerors, the
Issuers, the Company, the Dealer Manager, the Depositary and Information Agent
or any of their respective affiliates, makes any recommendation as to whether
or not any holder should tender notes held by them pursuant to the Tender
Offers. Subject to applicable law, the Offerors may amend, extend or, subject
to certain conditions, terminate the Tender Offers.
Neither this announcement nor the Offer to Purchase and the related 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 notes pursuant to the Tender Offers
will not be accepted from holders thereof in any jurisdiction where such
invitation or tender is unlawful.
CONTACT: Tom Long of D.F. King & Co., Inc., +1-212-269-5550
SOURCE Acelist Limited; Daystep Limited
Tom Long of D.F. King & Co., Inc., +1-212-269-5550, for Acelist Limited and
Daystep Limited
