HONG KONG, March 4 /PRNewswire/ --

- By Way of Distribution In Specie of the Entire Share Capital of the 
Hong Kong and Macau Operations' Holding Company Conditional on the Holding 
Company's Successful Separate Listing on Hong Kong Stock Exchange

Hutchison Telecommunications International Limited ('Hutchison Telecom';
'the Company'; HKEx: 2332; NYSE: HTX) today announced the Board's approval of
a conditional interim dividend and proposed spin-off by way of a distribution
in specie of the entire share capital of Hutchison Telecommunications Hong
Kong Holdings Limited ('HTHKH'), the holding company of the Company's Hong
Kong and Macau operations ('Distribution'). The Distribution is conditional
on the separate listing of HTHKH on the Main Board of The Stock Exchange of
Hong Kong Limited ('Stock Exchange') by way of introduction, involving no
initial public offering of shares or raising of new capital ('Listing'). The
Listing is subject to approval by the Listing Committee of the Stock
Exchange. On Listing, HTHKH intends to establish a sponsored but unlisted
American Depositary Share Level 1 programme to be traded over-the-counter for
the Company's ADS holders who will receive the HTHKH ADSs.

Since its listing in 2004, Hutchison Telecom's goal has been to create
and deliver value to its shareholders while growing its emerging markets
operations. To this end, it has returned in total cash dividends of HK$13.65
per share to shareholders, more than doubled to the share price at its
initial public offering in October 2004. It is in furthering this effort that
the Company has taken the initiative announced today. The Company believes
that the Distribution and the Listing will unlock the value of HTHKH, a
cash-generating asset of the Company and be beneficial to the Company and its
shareholders as a whole.

Dennis Lui, Chief Executive Officer of Hutchison Telecom said: "We
believe that the Distribution and the Listing will benefit Hutchison Telecom,
HTHKH and all our shareholders. Our Hong Kong and Macau operations have been
generating solid cash flow and profitability to the Group, yet their
contribution and value are unrecognised. From this initiative the individual
values of HTHKH and Hutchison Telecom with its remaining operations will be
better recognised and reflected by their respective public market valuations.
Further, the Distribution enables our shareholders to participate in the
ownership of, and enjoy the returns from, two listed telecom stocks of
distinctively different strategy and growth path."

"Hutchison Telecom will remain a telecom company focusing on growth in
its emerging markets operations. Our Indonesian operation registered more
than doubled growth in customer base in 2008 and is well-positioned to
sustain this momentum as its network expands. Our Vietnam operation is primed
for nationwide GSM launch this month and looks forward to establishing
quickly a strong foothold in a high growth market." said Mr Lui.

Further announcements in relation to the Distribution and the Listing
including the record date, the total number of HTHKH shares to be
distributed, distribution ratio, expected date of Listing, definition of
qualifying Hutchison Telecom shareholders for the Distribution will be made
in due course. Detailed instructions for Hutchison Telecom's ADS holders and
overseas shareholders regarding the Distribution will also be announced.

About Hutchison Telecommunications International Limited

Hutchison Telecommunications International Limited ('Hutchison Telecom'
or 'the Group') is a leading global provider of telecommunications services.
The Group currently offers mobile and fixed-line telecommunication services
in Hong Kong and Israel, and operates mobile telecommunications services in
Macau, Indonesia, Vietnam, Sri Lanka and Thailand. It was the first provider
of 3G mobile services in Hong Kong and Israel and operates brands including
"Hutch", "3" and "Orange".

Hutchison Telecom is a listed company with American Depositary Shares
quoted on the New York Stock Exchange under the ticker HTX and shares listed
on the Stock Exchange of Hong Kong under the stock code 2332. A subsidiary of
the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is dedicated
to providing superior telecommunications services in dynamic markets. For
more information about Hutchison Telecom, see http://www.htil.com .

Cautionary Statements

This press release contains forward-looking statements. Statements that
are not historical facts, including statements about the beliefs and
expectations of Hutchison Telecommunications International Limited ('the
Company'), are forward-looking statements. These statements are based on
current plans, estimates and projections, and therefore you should not place
undue reliance on them. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update publicly
any of them in light of new information or future events. Forward-looking
statements involve inherent risks, uncertainties and assumptions. The Company
cautions you that if these risks or uncertainties ever materialise or the
assumptions prove incorrect, or if a number of important factors occur or do
not occur, the Company's actual results may differ materially from those
expressed or implied in any forward-looking statement. Additional information
as to factors that may cause actual results to differ materially from the
Company's forward-looking statements can be found in the Company's filings
with the United States Securities and Exchange Commission.

For enquiries, please contact:

    Mickey Shiu
    Corporate Communications / Investor Relations
    Hutchison Telecom
    Tel: +852-2128-3107
    Mobile: +852-9092-8233
    Email: mickeyshiu@htil.com.hk