Joint Press Release

[December 19, 2008 - Hong Kong and Taipei] - Hutchison Port Holdings (HPH) and Evergreen Group (Evergreen) have signed an agreement whereby, upon completion, HPH will become a shareholder of Taranto Container Terminal S.P.A. The agreement constitutes a share swap of Evergreen's interest in Taranto Container Terminal for a minority stake interest in London Thamesport (LTP) and ECT Delta.

Commenting on the agreement, John Meredith, Group Managing Director of HPH, said, "We are happy with this new investment as it will enable HPH to establish its first transshipment presence in the Central Mediterranean. This transaction will also further enhance our global relationship with Evergreen."

Raymond Lin, Vice Group Chairman of Evergreen Group said, "This is a win-win cooperation for our two companies. We are able to access HPH's wealth of knowledge in common user terminal management and at the same time gain an interest in two very important deep sea container terminals in northern Europe."

Port of Taranto is one of Italy's top five container ports and is located approximately 170 nautical miles from the main Suez-Gibraltar shipping route. It is in the heart of an industrial area that is home to 44,000 companies and has excellent links to national rail and road networks.

Taranto Container Terminal has a total quay length of 2,050 metres with a land area of 100 hectares and a depth alongside of 15.5 metres. Taranto Container Terminal commenced operations in 2001 under a 60-year concession.

Front row (from left to right) John Meredith, Group Managing Director of HPH; Raymond Lin, Vice Group Chairman of Evergreen Group; Back row (from left to right) Clemence Cheng, Managing Director Central Europe of HPH; R.G. Shyu, Chairman of Evergreen International Storage & Transport Corp.; C.C. Yeh, Group Executive Officer (Investment) of Evergreen Group; Eric Ip, Executive Director of HPH pictured at the signing ceremony

Champagne toast

Photo of Taranto Container Terminal

Notes to Editors:

About Evergreen:
Since its establishment by Dr.Yung-Fa Chang in 1968, 40 years later the Evergreen Group has become a global business embracing shipping, aviation and the leisure industries. And even within these sectors, Evergreen has diversified into support services such as trucking, container terminal operators, global logistics, and airline catering. Today, with more than 240 service locations, Evergreen Group covers more than 80 countries with its network. And will seek cooperative relations with other partners to develop and expand the scope of international demand.

About HPH:
HPH, a subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL), is the world's leading port investor, developer and operator with interests in 49 ports, spanning 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. HPH also owns a number of transportation-related service companies. In 2007, the HPH Group handled a combined throughput of 66.3 million TEU worldwide.

For questions please contact:
Evergreen Group
Katherine Ko
Junior Vice President
Public Relations, Group Management Head Office
Telephone: +886-2-25001165
E-mail: wlko@evergreen.com.tw

HPH
Anthony Tam
Group Corporate Affairs
Telephone: +852-2619 7557
E-mail: gca@hph.com