Investor, Ericsson and Hutchison Whampoa Joining Forces to Form Venture Capital Company Focusing on the Mobile Internet Industry

Business Wire, March 27, 2000

Hutchison Whampoa

Hutchison Whampoa is a Hong Kong-based multinational conglomerate with a market capitalization of over USD 72 billion. In 1999, consolidated turnover was over USD 7.1 billion, and earnings after tax and exceptional items were approximately USD 15.1 billion. With over 80,000 employees worldwide, Hutchison operates five core businesses in 24 countries: ports and related services; telecommunications and e-commerce; property and hotel; retail and manufacturing; and energy, infrastructure and investments.

Worldwide, the Group is one of the leading owners and operators of Internet and telecommunications facilities and services. These include mobile telephony (voice and data), fixed-line services, ISP and ICP services, Web hosting services, fiber optics broadband networks, paging, trunked mobile radio, VSAT and radio broadcasting services. Web site: www.hutchison-whampoa.com.