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Outram Ltd & HongKong Electric(Holdings)Ltd	Update Date: 02/19/09
Date Announced: 02/05/09
Value (million $USD): 732.6 million U.S. Dollar 5.00 billion Chinese Yuan

Status: Pending

TRANSACTION DETAILS
Date Announced	02/05/09
Date Originally Announced	02/05/09
Format	Merger	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	732.6 million U.S. Dollar 5.00 billion Chinese Yuan	Advisor Fees	n/a

SYNOPSIS
CHINA ? HongKong Electric (Holdings) Ltd agreed to acquire the entire share capital of Outram Ltd, a power plant owner and operator, from Cheung Kong Infrastructure Holdings Ltd, an 84.58%-owned unit of Hutchison Whampoa Ltd, for 4. 997 bil Chinese yuan ($732. 612 mil US) in cash. The transaction was subject to shareholders? and regulatory approvals.

TARGET
Name	Outram Ltd
Industries	Investors, nec; Offices of holding companies, nec
City	n/a
State	n/a
Nation	China
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Outram Ltd is a power plant owner and operator, headquartered in China. It is also engaged in investment holding activities.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	HongKong Electric(Holdings)Ltd (Hong Kong : 006)
Industries	Offices of holding companies, nec
City	Hong Kong
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Public
Business Description	HongKong Electric (Holdings) Ltd is a holding co for a number of other subsidiaries that provide electric power transmission and distribution services. The company was founded in 1890.
Advisors	NULL
Acquiror Sales	1.61 billion U.S. Dollar 12.52 billion Hong Kong Dollar

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