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CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 133)

VOLUNTARY DISCLOSURE

EXIT FROM THE TERALANE SEMICONDUCTOR PROJECT

Reference is made to the announcement of China Merchants China Direct Investments Limited (the "Company") dated 25 November 2011 in relation to the subscription by Shenzhen Tian Zheng Investment Co., Ltd. ("Tian Zheng"), a wholly-owned subsidiary of the Company, in the
principal amount of RMB5,000,000 of convertible bonds (the "Convertible Bonds") issued by