CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number 198101278D

ANNOUNCEMENT

UPDATE ON THE PROPOSED ACQUISITION OF A 51 PER CENT. EQUITY INTEREST IN YONGTAIWEN EXPRESSWAY, PEOPLE’S REPUBLIC OF CHINA

The Board of Directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) refers to the proposed acquisition (the “Acquisition”) by its wholly-owned subsidiary, China Merchants Pacific (Shenzhen) Investment Co., Ltd (“CMHP Shenzhen”), of a

51 per cent. equity interest (the “Relevant Equity Interest”) in Zhejiang Wenzhou Yongtaiwen

Expressway Co., Ltd (