Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever f

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.



(Incorporated in Bermuda with limited liability)

(Stock Code: 00152)


深 圳 高 速 公 路 股 份 有 限 公 司

SHENZHEN EXPRESSWAY COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00548)


JOINT CLARIFICATION ANNOUNCEMENT


Reference is made to the announcement jointly issued by Shenzhen International Holdings Limited ('SZ International') and Shenzhen Expressway Company Limited ('SZ Expressway') dated 2 December 2015 in relation to (1) the toll adjustment and compensation arrangements regarding Nanguang Expressway, Yanpai Expressway and Yanba Expressway for SZ Expressway, and (2) the toll adjustment and compensation arrangements regarding Longda Expressway, Nanguang Expressway, Yanpai Expressway and Yanba Expressway for SZ International (the 'Announcement'). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.


On page 20 of the Announcement, due to an inadvertent clerical error, it was indicated that the value of the Longda Shenzhen Section in different situations as at the valuation base date of 30 November 2015 was as below:

Unit: RMB'000

Longda Shenzhen Section

Valuation (if Option 1 is adopted in Phase 2)

Valuation (if Option 2 is adopted in Phase 2)

Phase 1

11,775,173

11,775,173

Phase 2

30,800,192

18,167,220

Total:

42,575,364

29,942,393


The value of the Longda Shenzhen Section in different situations as at the valuation base date of 30 November 2015 should be rectified as follows:

Unit: RMB'000

Longda Shenzhen Section

Valuation (if Option 1 is adopted in Phase 2)

Valuation (if Option 2 is adopted in Phase 2)

Phase 1

1,177,517.3

1,177,517.3

Phase 2

3,080,019.2

1,816,722.0

Total:

4,257,536.4

2,994,239.3

Except for the clarification above, all information set out in the Announcement remains unchanged.


By Order of the Board

By Order of the Board

Shenzhen International Holdings Limited

Shenzhen Expressway Company Limited

Gao Lei

Hu Wei

Chairman

Chairman


Shenzhen, the PRC, 3 December 2015


As at the date of this announcement, the board of directors of SZ International consists of Messrs. Gao Lei, Li Jing Qi, Zhong Shan Qun, Liu Jun and Li Lu Ning as executive directors, Dr. Yim Fung, JP as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun and Nip Yun Wing as independent non-executive directors.


As at the date of this announcement, the directors of SZ Expressway are Mr. HU Wei (Executive Director and Chairman of the Board), Mr. WU Ya De (Executive Director and President), Mr. WANG Zeng Jin (Executive Director), Mr. LI Jing Qi (Non-executive Director), Mr. ZHAO Jun Rong (Non-executive Director), Mr. TSE Yat Hong (Non-executive Director), Ms. ZHANG Yang (Non-executive Director), Mr. CHIU Chi Cheong, Clifton (Non-executive Director), Mr. AU Sing Kun (Independent non-executive Director), Mr. LIN Chu Chang (Independent non-executive Director), Mr. HU Chun Yuan (Independent non-executive Director) and Mr. SHI Xian Liang (Independent non-executive Director).

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