Hutch 3G Seeks Loans

Hutchison 3G UK requests hundreds of millions of pounds of shareholder loans from NTT DoCoMo and KPN Mobile

March 7, 2003

1 Min Read

TOKYO -- NTT DoCoMo, Inc. ("DoCoMo") announced today that DoCoMo has received a Funding Call Notice from Hutchison 3G UK Holdings Limited("H3G UK"), seeking a shareholders loan advancement of £200 million from us, in accordance with our 20% proportional equity interest in H3G UK. H3G UK delivered the Funding Call Notice to DoCoMo pursuant to a provision of the Shareholders Agreement between Hutchison Whampoa Limited and DoCoMo that stipulates that DoCoMo is contractually obligated to provide up to £200 million as a loan advance if certain pre-conditions are fulfilled. DoCoMo will announce its response to the Funding Call Notice by the middle of April. In a separate release:THE HAGUE, Netherlands -- KPN Mobile, in its position as 15% shareholder of Hutchison 3G UK, today has received a request for GBP 150 million of shareholder funding from Hutchison 3G UK Holdings Ltd in the form of a shareholders loan. The request relates to KPN Mobile's commitment to provide additional funding, in certain specified circumstances to a maximum of GPB 150 million, as previously disclosed in annual reports and other relevant filings.We are carefully studying the request and are taking advice on whether this is a valid funding call. KPN Mobile will announce its response to the notice by the middle of April.Hutchison 3G UK Ltd.NTT DoCoMo Inc.KPN Mobile

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