(Hong Kong / Abu Dhabi, 26 April 2018) CK Hutchison Group (“CKHH Group”) and
Emirates Telecommunications Group Company PJSC (“Etisalat Group”) have entered
into a definitive agreement to merge their mobile telecommunications businesses in Sri
Lanka, operating under Hutchison Telecommunications Lanka (Private) Limited (“Hutch
Lanka”) and Etisalat Lanka (Private) Limited (“ESL”) respectively.
The combined business of Hutch Lanka and ESL will be better positioned to serve their
Sri Lankan customers. This transaction is part of the stated strategy of portfolio
optimization of the Etisalat Group. Upon completion of the transaction, CKHH Group will
have the majority and controlling stake in the combined entity. The completion of the
transaction is subject to a number of conditions precedent, which include, among
others, securing the necessary competition and regulatory approvals in Sri Lanka.
Should there be any material developments on this subject, a further announcement will
be made in accordance with applicable stock market rules and regulations.