News Release

6th February 2009

TIDE Withdraws from the Port of Manta Concession Contract


[6 February 2009 – Manta, Ecuador and Hong Kong] Terminales Internacionales de Ecuador S.A. (TIDE), a member of the Hutchison Port Holdings (HPH) Group, announces that it will withdraw from the concession agreement to operate the Port of Manta in Ecuador, on the ground that there are changes in the concession agreement, unilaterally imposed by the Ecuadorian government, which TIDE finds unacceptable.

TIDE will cooperate with the Port Authority of Manta to facilitate an orderly transition of the operations.