Investor Centre

Investor Centre

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

Back 21 Apr 2011
Part I
1. Date of notice to issuer 21/04/2011
2. Name of Substantial Shareholder Hongkong and Whampoa Dock Company, 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 20/04/2011
2. The change in the percentage level From 23.1 % To 27.6 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Hongkong and Whampoa Dock Company, Limited, an indirect wholly-owned subsidiary of Hutchison Whampoa Limited ("HWL") and an immediate holding company of Hutchison Port Group Holdings Limited ("HPGH") in the Hutchison group, is deemed to have the same interest in HPH Trust as HPGH.

Hutchison Port Holdings Limited ("HPH"), the Sponsor of HPH Trust, as disclosed in the IPO Prospectus, has agreed to distribute or transfer its Units upstream to its ultimate shareholders (HWL and PSA International Pte. Ltd. ("PSA") or their respective designated subsidiaries) 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 such 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 such subsidiary of PSA as PSA may determine).

On 23 March 2011, HPH distributed or transferred upstream (i) 2,011,781,000 Units to HPGH, a subsidiary of HWL; and (ii) 757,646,000 Units to PortCapital Limited, a subsidiary of PSA.

On 20 April 2011, pursuant to a unit lending agreement dated 14 March 2011 ("Unit Lending Agreement") and made between HPH and Deutsche Bank AG, Singapore Branch (the stabilising manager for the initial public offering of HPH Trust) ("Deutsche Bank"), Deutsche Bank delivered, as directed by HPH, a total of 539,951,000 Units of an idential description and amount as those borrowed by Deutsche Bank from HPH under the Unit Lending Agreement, as to 392,233,000 Units to HPGH and as to 147,718,000 Units to PortCapital Limited. Such distribution or transfer of Units comprises the final tranche of HPH's upstream distribution or transfer of Units to HWL and PSA contemplated in the IPO Prospectus.
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 2,011,781,000
As a percentage of issued share capital 0 % 23.1 %
No. of shares held after the change 0 2,404,014,000
As a percentage of issued share capital 0 % 27.6 %
Footnotes The percentage figures shown above are calculated based on 8,708,888,000 Units, being HPH Trust's total number of Units in issue as at 20 April 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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