3's 3G Customer Base is 9.4 Million Worldwide

HWL 2005 Interim Results Highlights for 3G :

· The 3 Group’s businesses have improved steadily and continue to build a quality customer base.

· 3G customer base currently totals over 9.4 million worldwide

· 3 Italy is on target to achieve EBITDA breakeven, after all CAC expense, on a monthly basis for the month of August this year and 3 UK is expected to achieve this significant milestone later this year.

· 3 Group’s funding requirements to decline in the second half of this year and it is positioned to contribute significant value to the Group.

· 3 Group has continued to achieve both above market expectation customer take-up and above market average customer revenue and service margins as migration of the most valuable 2 and 2.5G cellular customers to 3G services has accelerated in all of their markets.

About HWL

HWL is a leading global telecommunications and data services provider operating with a high growth strategy in 16 countries and territories. It is a dynamic and agile player with a strong track record as:

The first to market with an international 3G video mobile network under the “3” brand;
One of the most agile and profitable 2G mobile voice and data network operators; and
As a major owner and operator of the fibre optic broadband and fixed-line networks in Hong Kong, serving as a telecoms gateway to China.

HWL’s array of telecommunications and data network offerings provides a depth of technological knowledge and insight into emerging consumer trends. This breadth of services in so many markets around the world also allows our operations to exploit opportunities, synergies and our critical mass in order to maintain our leadership position. Our telecommunications and data infrastructure support offerings in the areas of mobile telephony (voice and video based multimedia), fibre-optic broadband networks, fixed-line services and radio broadcasting.

HWL is proud to be the first international provider of 3G video mobile services and an early adopter of the latest and most promising mobile phone technology. While other operators are just now rolling their third-generation mobile services in late 2004, 3 has been successfully operating 3G networks and equipment in the United Kingdom, Italy, Australia and Austria since early 2003. We were also the first operator in Hong Kong to introduce 3G video mobile services in January 2004.

We have a 20-year legacy of market leadership and strong growth in the telecommunications arena. HWL started its mobile business in 1983 in our home market of Hong Kong and now operates in 17 countries around the world serving over 20 million customers.