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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

Back 23 Mar 2011
Part I
1. Date of notice to issuer 22/03/2011
2. Name of Substantial Shareholder Cheung Kong (Holdings) Limited
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 18/03/2011
2. The change in the percentage level From 40.45 % To 34.25 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Cheung Kong (Holdings) Limited ("Cheung Kong"), through the following subsidiaries, holds approximately 49.97% of Hutchison Whampoa Limited ("HWL"). Cheung Kong (and certain of its subsidiaries) will (through their 49.97% interest in HWL) also be deemed to have the same interest in HPH Trust as Hutchison Port Holdings Limited ("HPH"):

(1) Continental Realty Limited, (2) Fumanda Limited, (3) Good Energy Limited, (4) Guidefield Limited, (5) Hey Darley Limited, (6) Haldaner Limited, (7) Harrowgate Investments Limited, (8) Harvestime Holdings Limited, (9) Hislop Resources Limited, (10) Kam Chin Investment S.A., (11) Mirabole Limited, (12) Oriental Time Investment Limited, (13) Polycourt Limited, (14) Richland Realty Limited, (15) Shining Heights Profits Limited, (16) Top Win Investment Limited, (17) Wealth Pleasure Limited, (18) Well Karin Limited, (19) White Rain Enterprises Limited, and (20) Winbo Power Limited.

Cheung Kong through its above-mentioned subsidiaries subscribed for and were issued an aggregate of 213,019,200 Units under the Hong Kong Preferential Offering in connection with the initial public offering of HPH Trust. None of Cheung Kong's subsidiaries is a substantial unitholder of HPH Trust.

Pursuant to a unit lending agreement entered into between HPH and Deutsche Bank AG, Singapore Branch (the stabilising manager for the initial public offering of HPH Trust) ("Deutsche Bank"), Deutsche Bank has borrowed 539,951,000 units in HPH Trust ("Units") from HPH.

Separately, HPH has agreed to distribute or transfer its Units upstream to its ultimate shareholders (being HWL and PSA International Pte. Ltd. ("PSA")) such that (i) 2,011,781,000 Units (assuming the over-allotment option is fully exercised) and 2,404,014,000 Units (assuming the over-allotment option is not exercised) will be distributed to HWL (or any subsidiary of HWL as HWL may determine), and (ii) 757,646,000 Units (assuming the over-allotment option is fully exercised) and 905,364,000 Units (assuming the over-allotment option is not exercised) will be distributed or transferred to PSA (or any subsidiary of PSA as PSA may determine).
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 3,522,397,200
As a percentage of issued share capital 0 % 40.45 %
No. of shares held after the change 0 2,982,446,200
As a percentage of issued share capital 0 % 34.25 %
Footnotes (1) The percentage figure shown is calculated based on 8,708,888,000 Units, being Hutchison Port Holdings Trust's total number of issued Units as at 18 March 2011.

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The issue managers for the initial public offering and listing of Hutchison Port Holdings Trust are DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, and Goldman Sachs (Singapore) Pte.. The issue managers for the initial public offering assume no responsibility for the contents of this announcement.
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