Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of
Their Cash Tender Offer
NEW YORK, May 22 /PRNewswire-AsiaNet/ --
Subsidiaries of Hutchison Whampoa Limited Announce a Status Update of
Their Cash Tender Offer for up to US$1,500 Million Aggregate Principal Amount
of Notes Issued by Subsidiaries of Hutchison Whampoa Limited Referred to Below
Acelist Limited, Daystep Limited, Ideal Zone Limited and Plan Bright
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 offer ("Tender Offer") for up to US$1,500 million aggregate principal
amount (the "Maximum Tender Offer Amount") of notes set forth in the table
below issued by Hutchison Whampoa Finance (CI) Limited, Hutchison Whampoa
International (03/33) Limited and Hutchison Whampoa International (03/13)
Limited, each an exempted company with limited liability under the laws of
the Cayman Islands and a wholly-owned subsidiary of the Company, the
following amounts of notes have been tendered as of 5:00 p.m., New York City
time, May 21, 2009:
Acceptance Principal
Title of Priority Amount
Offeror Security Issuer Level Tendered
------- ------------------- ----------- --- --------
Acelist 7.50% Guaranteed Hutchison 1 US$
Limited Notes due 2027 Whampoa 171,143,000
(the "2027 Notes") Finance (CI)
(144A - CUSIP Limited
448414AE2;
Regulation S -
CUSIP G46715AC5)
Daystep 7.45% Guaranteed Hutchison 2 US$
Limited Notes due 2033 Whampoa 354,232,000
(the "2033 Notes") International
(144A - CUSIP (03/33) Limited
44841SAC3;
Regulation S -
CUSIP G4672CAC9)
Ideal 6.25% Guaranteed Hutchison 3 US$
Zone Notes due 2014 Whampoa 641,406,000
Limited (the "2014 Notes") International
(144A - CUSIP (03/33) Limited
44841SAB5;
Regulation S -
CUSIP G4672CAB1)
Plan 6.50% Guaranteed Hutchison 4 US$
Bright Notes due 2013 Whampoa 602,740,000
Limited (the "2013 Notes") International
(144A - CUSIP (03/13) Limited
44841RAA9;
Regulation S -
CUSIP G4672QAA2)
The full terms and conditions of the Tender Offer are set forth in the
Offer to Purchase dated May 7, 2009 (the "Offer to Purchase").
The expiration date of the Tender Offer is currently 12:00 midnight, New
York City time, on June 8, 2009.
As the aggregate principal amount of the Notes tendered exceeds the
US$1,500 million Maximum Tender Offer Amount, the 2013 Notes will, if
accepted for purchase, be purchased on a pro rata basis as described in the
Offer to Purchase. Any Notes tendered but not accepted for purchase will be
promptly returned to the tendering parties following the expiration or
termination of the applicable tender offer as more fully set out in the Offer
to Purchase.
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 related Letter of Transmittal.
This announcement is neither an offer to purchase nor a solicitation of
an offer to sell the notes. The Tender Offer is 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 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 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 Offer. Subject to applicable law, the Offerors
may amend, extend or, subject to certain conditions, terminate the tender
offer.
Neither this announcement nor the Offer to Purchase 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 notes pursuant to the Tender Offer will not be accepted
from holders thereof in any jurisdiction
where such invitation or tender is unlawful.
SOURCE Hutchison Whampoa Limited
CONTACT: Tom Long of D.F. King & Co., Inc., +1-212-269-5550
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