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Summary of Differences From New York Stock Exchange Corporate Governance Practices for U.S. Domestic Issuers

In November 2003, the New York Stock Exchange ("NYSE") established new corporate governance rules for listed companies. Under these new rules, non-U.S. issuers are subject to a more limited set of corporate governance requirements than U.S. domestic issuers. As a non-U.S. issuer, we must comply with three NYSE rules: (1) we must satisfy the audit committee requirements of the U.S. Securities and Exchange Commission ("SEC") by July 31, 2005; (2) our Chief Executive Officer must promptly notify the NYSE in writing after any executive officer becomes aware of any material non-compliance with the applicable corporate governance rules; and (3) we must provide a brief description of any significant differences between our corporate governance practices and those followed by U.S. companies under NYSE listing standards.

The table below briefly describes the significant differences between our practices and NYSE corporate governance rules for U.S. domestic issuers. To see Hutchison Telecom's adaptation of each NYSE rule, please click on each NYSE description and the Hutchison Telecom interpretation will appear.

Section of NYSE Listed Company Manual	NYSE Corporate Governance Rule for U.S. Domestic Issuers
303A.01	A listed company must have a majority of independent directors. Hutchison Telecom Practice Under the Code on Corporate Governance Practices of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Code"), listed companies must have at least three independent non-executive directors. Currently, out of a total of 10 Directors, the Board of Directors includes three Non-executive Directors who are independent within the meaning of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "SEHK Listing Rules"). These three independent Non-executive Directors are also independent within the meaning of the applicable standards established by the NYSE for foreign private issuers and by the SEC, although the definition of "independent" under the SEHK Listing Rules differs from that established by the NYSE.
303A.03	The non-management directors of a listed company must meet at regularly scheduled executive sessions without management and independent directors should meet at a scheduled executive session without management at least once per year. Hutchison Telecom Practice The Code does not require non-management directors or independent directors of listed companies to meet without management, although non-executive directors are required to meet with the chairman of the board alone. The Non-executive Directors held a meeting in 2007 as a group with the Chairman of the Board of Directors, who is a Non-executive Director, without any Executive Directors present.
303A.04	A listed company must have a nominating/corporate governance committee composed entirely of independent directors, with a written charter that covers certain minimum specified duties. Hutchison Telecom Practice Hutchison Telecom does not have a nominating/corporate governance committee, as such a committee is not required by the Code. The Board selects and recommends candidates for directorship having regard to the balance of skills and experience appropriate to our business.
303A.05	A listed company must have a compensation committee composed entirely of independent directors, with a written charter that covers certain minimum specified duties. Hutchison Telecom Practice The Remuneration Committee, which is of a similar nature to a compensation committee, is composed of three Directors, the Chairman of the Board of Directors, who is a Non-executive Director, and two Independent Non-executive Directors, which complies with the requirements of the Code. The terms of reference of the Remuneration Committee are available on our website.
303A.06 303A.07	A listed company must have an audit committee with a minimum of three members; all audit committee members must be independent directors who satisfy the independence requirements of Rule 10A-3 under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The audit committee must have a written charter that covers certain minimum specified duties. Hutchison Telecom Practice The Audit Committee is composed of three Independent Non-executive Directors. All three Directors are independent within the meaning of the SEHK Listing Rules. These three Directors are also independent within the meaning of the applicable standards established by the NYSE for foreign private issuers and by Rule 10A-3 under the Exchange Act, although the definition of "independent" under the SEHK Listing Rules differs from that established by the NYSE and Rule 10A-3. The terms of reference of the Audit Committee are available on our website.
303A.09	A listed company must adopt and disclose corporate governance guidelines that cover certain minimum specified subjects. Hutchison Telecom Practice Under the SEHK Listing Rules, each listed company in Hong Kong is required to include in its annual report to shareholders a narrative statement of how it has applied the principles under the Code, a statement as to whether or not it has complied with the code provisions of the Code, and details of any deviation from the code provisions of the Code during the financial year including considered reasons for such deviations. Throughout the year ended 31 December 2007, Hutchison Telecom complied fully with the Code.
303A.12	Each listed company CEO must certify to the NYSE each year that he or she is not aware of any violation by the company of NYSE corporate governance listing standards. Hutchison Telecom Practice As a foreign private issuer, Hutchison Telecom is required to submit annual and interim written affirmations of compliance with applicable NYSE corporate governance standards, similar to the affirmations required of NYSE listed US companies. However, as a foreign private issuer, such affirmations may be provided by any authorized officer rather than only our CEO.