Net Profit Amounted to RMB 256 million, Increased by 7.6%

Shenzhen Expressway Company Limited (“Shenzhen Expressway” or the “Company”) (HKEx Stock Code: 00548) and its subsidiaries (collectively, the “Group”) is pleased to announce the first quarterly results (unaudited) of the Group for the three months ended 31 March 2015 (the “Reporting Period”). The report indicates that the Group recorded revenue of RMB739 million and net profit attributable to owners of the Company (“Net Profit”) of RMB 256 million with earnings per share of RMB 0.117, increased by 7.6%.

In the first quarter of 2015, the revenue of the Group represented a YOY decrease of 12.5%, mainly due to the decrease in revenue of some toll highway projects as well as a YOY decrease in entrusted management service income. Attribute to ongoing good operational performance of Jihe Expressway and the decrease in depreciation and amortisation costs and financial costs, the Net Profit for the Reporting Period maintained a certain level of growth.

During the Reporting Period, upon the toll adjustment of Meiguan Expressway with effect from 1 April 2014, its toll mileage was shortened and its toll revenue recorded a YOY decrease. Affected by factors such as diversion effects on Qinglian Expressway, Yanpai Expressway and Wuhuang Expressway, their toll revenue also recorded respective YOY decrease. Besides, due to the combined effect of the natural growth of traffic volume, improved road networks and maintenance works in the surrounding areas, toll revenue of Jihe East and Jihe West continued to record over double-digit growth，representing YOY increase of 15.1% and 24.7% respectively. In addition, due to a YOY decrease in average borrowing scale and the recognition of interest income in respect of the compensation receivables as agreed in the adjustment agreement of Meiguan Expressway, the financial expenses of the Group during the Reporting Period recorded a significant YOY decrease of RMB 54,000,000.

The management mentioned that the Group will continually improve the management standard, optimise business model, raise the profitability of its existing assets, selectively acquire quality assets and actively explore new models of business development and profitability. Meanwhile, relying on its professional competence and management capability, the Group will explore new sustainable business, rewarding shareholders with outstanding results.

Appendix I: 2015 First Quarterly Results Highlights

Appendix II: Operating Statistics of Each Toll Highway during the Reporting Period