Announcement • May 22
Hutchison Telecommunications (amsterdam) B.v. proposed to acquire remaining 12.14% stake in Hutchison Telecommunications (Australia) Limited (ASX:HTA) from Spark New Zealand Trading Limited for AUD 52.7 million. Hutchison Telecommunications (amsterdam) B.v. proposed to acquire remaining 12.14% stake in Hutchison Telecommunications (Australia) Limited (ASX:HTA) from Spark New Zealand Trading Limited for AUD 52.7 million on May 22, 2025. Hutchison Telecommunications (amsterdam) B.v. will acquire 1.6 billion shares at a price of AUD 0.032 per share. Upon completion, Hutchison Telecommunications (amsterdam) B.v. will own 100% stake in Hutchison Telecommunications (Australia) Limited. For the purpose of funding the consideration under the Offer, pursuant to the Cash Commitment, CK Hutchison Holdings Limited has agreed to pay, Hutchison Telecommunications (amsterdam) B.v. an aggregate amount of up to AUD 70 million, which is equal to the Offer Amount and the amount of expenses reasonably likely to be incurred by Hutchison Telecommunications (amsterdam) B.v. in respect of the Offer. The funds under the Cash Commitment can be drawn by Hutchison Telecommunications (amsterdam) B.v. from time to time. The Offer is expected to be sent to shareholders and open no later than June 5, 2025. Once the Offer opens, Hutchison Telecommunications (Australia) Limited will prepare a statement responding to the Offer, which will include the directors' recommendation in relation to the Offer and an independent expert's report opining on whether the Offer is fair and reasonable to its shareholders. The Offer must remain open for at least one month. Shareholders will receive the statement in sufficient time to consider their alternatives and make a decision before the close of the Offer. If the Offer is successful, it is intended that Hutchison Telecommunications (Australia) Limited's two employees, both of whom perform financial reporting and accounting functions will continue in their present roles.
The transaction is subject to have relevant interests in at least 97% of HTAL's issued shares and approval of offer by the board of directors of Hutchison Telecommunications (Australia) Limited. The transaction has already received Australian foreign investment (FIRB) approval. The Board of Directors of Hutchison Telecommunications (Australia) Limited has established a committee of HTAL’s independent directors, Justin Gardener and John Scanlon, (Independent Board Committee or IBC) to evaluate and respond to the Offer. The IBC recommends that shareholders take no action in relation to the Offer at this stage. The IBC is currently considering the Offer and will update shareholders in due course.
Barrenjoey Advisory Pty Limited acted as financial advisor to the Independent Board Committee members of Hutchison Telecommunications (Australia) Limited. Herbert Smith Freehills acted as legal advisor to the Independent Board Committee members of Hutchison Telecommunications (Australia) Limited. Goldman Sachs (Asia) LLC acted as financial advisor to Hutchison Telecommunications (amsterdam) B.v. Julian Donnan of Allens acted as legal advisor to Hutchison Telecommunications (amsterdam) B.v. MUFG Corporate Markets acted as registrar to Hutchison Telecommunications (amsterdam) B.v. New Risk • May 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 58% per year over the past 5 years. Minor Risk Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). Announcement • Mar 28
Hutchison Telecommunications (Australia) Limited, Annual General Meeting, May 08, 2025 Hutchison Telecommunications (Australia) Limited, Annual General Meeting, May 08, 2025. Location: level 27, tower two, international towers sydney, 200 barangaroo avenue, barangaroo, new south wales 2000, Australia 
