Subsequent to 30 June 2009, Hutchison Telecommunications International (“HTIL”), the
Group’s 60.4% owned listed subsidiary, announced on 12 August 2009 that a wholly owned
subsidiary had entered into an agreement to sell its entire shareholding in Partner
Communications in Israel, for a total consideration, subject to adjustment, of NIS5,290,960,470
(approximately US$1,381 million) (approximately HK$10,706 million). The consideration is
comprised of cash of NIS4,141,960,470 (US$1,081 million) (HK$8,381 million) and a loan note
of US$300 million (HK$2,325 million). The transaction, subject to certain completion
conditions including regulatory approval, is targeted to be completed in the second half of this
year. The Group’s share of HTIL’s disposal gain before taxation, after adjusting for asset
valuation consolidation adjustments, on completion of the transaction and translation into US$
(HK$) is estimated to be approximately US$575 million (HK$4,456 million).