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.

CHINA RAILWAY GROUP LIMITED

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

(Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules

Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached Announcement of "Winning of Bids for Material Projects by China Railway Group Limited" published by China Railway Group Limited on the Shanghai Stock Exchange website on 9 April 2014 for your information.

By order of the Board

China Railway Group Limited

Chairman

LI Changjin

9 April 2014

As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; the non-executive director is HAN Xiuguo; and the independent non-executive directors are HE Gong, Gong Huazhang, WANG Taiwen and SUN Patrick.

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A Shares Stock Name: China Railway
H Shares Stock Name: China Railway
Announcement No.: Lin 2014-012
A Shares Stock Code:
601390
H Shares Stock Code:
390
Announcement No.:
Lin 2014-012

Announcement Winning of Bids for Material Projects by China Railway Group Limited The board of directors of China Railway Group Limited (the "Company") and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liability for the truthfulness, accuracy and completeness of the contents.

The Company has recently won the bids for the following material projects:

1 The Company has entered into the "BT Financing and Construction General Contract with Chongqing Rail Transit (Group) Company Limited for the Chongqing Rail Transit Line 10 (Xinjian East Road-Wangjiazhuang) Project", pursuant to which the Company will contract the general BT (BUILD - TRANSFER) financing and construction project of the Chongqing Rail Transit Line 10 (Xinjian East Road-Wangjiazhuang) at the estimated contract price of RMB17,095.44 million. The contractual project period commences from April 2014 (interim) till December 2017, and repurchase shall be completed within three years from the date of commencement of trial business operation. The length of the rail transit line is 33.42km, including underground line of 27.04km and elevated line of 6.38km, with 19 stations involved which include 18 underground stations and one elevated station.

2 China Railway Major Bridge Engineering Group Co., Ltd, a subsidiary of the Company, has won the bid for the greenfield construction project of Section HTQ-2 of the Shanghai- Nantong Railway Bridge, with the bid price of RMB7,517.89 million, and the contractual project duration of 1,465 calendar days.

3 China Railway No. 6 Engineering Group Co., Ltd, a subsidiary of the Company, has won the bid for the before-station construction project of Section ZHZQ-7 of Zhangjiakou- Hohhot Railway, with the bid price of RMB2,660.56 million, and the contractual project duration of 1,461 calendar days.

4 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the greenfield construction project of Lanzhou Hub (Section BL-LZSN-

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2) of Baoji-Lanzhou Railway Passenger Line, with the bid price of RMB2,314.10 million, and the contractual project duration of 1,095 calendar days;

5 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the greenfield construction project of the station buildings (Section SYNS-3) of the Shenyang South Railway Station project, with the bid price of RMB1,947.18 million and the contractual project duration of 1,050 calendar days;

6 China Railway No.4 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the greenfield construction project of Section RJZQ-2 of the before-station engineering of Ruichang-Jiujiang Railway, with the bid price of RMB1,864.45 million and the contractual project duration of 1,095 calendar days;

7 China Railway Electrification Bureau Group Co., Ltd., a subsidiary of the Company, has won the bid for Section GL-7 of the electric integration and relevant works under the Ganzhou-Longyan Railway Capacity Expansion project, with the bid price of RMB1,691 million and the contractual project duration of 461 calendar days;

8 China Railway Major Bridge Engineering Group Co., Ltd, a subsidiary of the Company, has won the bid for the civil engineering works of Section 5 of the phase 1 construction of Guangzhou Subway Line 14 with the bid price of RMB1,261.45 million;

9 China Railway No.1 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section JSJJSG-1 of the preliminary control engineering works of greenfield Beijing-Shenyang Railway Passenger Line (Jing-Ji Segment) with the bid price of RMB1,090.7 million, and the contractual project duration of 1,095 calendar days;

10 China Railway No.1 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section 1 of Funing-Longliu Highway (from Funing, Yunnan to the border of Yunnan and Guangxi) with the bid price of RMB1,078.78 million and the contractual project duration of 30 months;

11 China Railway No.4 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the renovation project of Xiaoshan Airport Expressway with the bid price of RMB946.33 million, and the contractual project duration of 32 months;

12 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the BT financing construction (construction drawing design and general

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contracting) of the main works at the plots AH041018 and AH041023 of Pazhou (along Guangzhou Subway) with the bid price of RMB943.72 million and the contractual project duration of 852 calendar days;

13 China Railway No.1 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section DCDSG of Xi'an Bullet Train Segment and Xi'an Large Railroad Maintenance Machines Application and Maintenance Project with the bid price of RMB935.48 million, and the contractual project duration of 30 months;

14 China Railway No.8 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the 2014-2016 Xiaodonggou District Earthwork Excavation Project of Tumed Youqi Dashun Minerals with the bid price of RMB840 million;

15 China Railway No.7 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section MPSG-1 of the rail line construction for an additional second line construction (under the jurisdiction of Wuhan Railway Bureau) in the west segment of the Mengmiao-Pingdingshan Railway with the bid price of RMB821.97 million, and the contractual project duration of 730 calendar days;

16 China Railway No.9 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the construction contract of an R&D center in Haier Industrial Park, Venezuela, with the bid price of US$131.204 million (or approximately RMB805.53 million), and the contractual project duration of 13 months;

17 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the BT financing construction (construction drawing design and general contracting) in Kengkou, Guangzhou, with the bid price of RMB801.98 million;

18 China Railway Major Bridge Engineering Group Co., Ltd, a subsidiary of the Company, has won the bid for Section I of the reconstruction project of Songhua River Highway & Railway Bridge of Binbei Line with the bid price of RMB795.49 million, and the contractual project duration of 1,095 calendar days;

19 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the construction contract of the greenfield Liaoyuan-Changchun

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Railway project with the bid price of RMB771.94 million, and the contractual project duration of 24 months;

20 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the main works of Section 3 of the Athletes Village for the 2015 Pacific Games in Papua New Guinea with the bid price of RMB686.33 million;

21 China Railway No.4 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section 8 of the +D16 Civil Engineering Works of Urumqi Subway Line 1 with the bid price of RMB681.97 million, and the contractual project duration of 45 months;

22 China Railway No.4 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section 13 of the subgrade, bridge and tunnel construction works under the Huangling (Shaanxi)-Yan'an Highway capacity expansion project with the bid price of RMB678.45 million, and the contractual project duration of 669 calendar days;

23 China Railway Tunnel Co., Ltd., a subsidiary of the Company, has won the bid for the civil engineering works of Sections 10, 11 and 12 of phase 1 of Wuhan Subway Line 7 with the bid price of RMB667.33 million, and the contractual project duration of 779 calendar days;

24 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the construction of the station buildings and relevant ancillary works of greenfield Chengdu-Chongqing Railway Passenger Line (Section CYZFSG-1) with the bid price of RMB593.88 million, and the contractual project duration of 607 calendar days;

25 China Railway Construction Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for the construction of the buildings under the Xiaolu Holiday Resort project with the bid price of RMB561 million, and the contractual project duration of 857 calendar days;

26 China Railway No.10 Engineering Group Co., Ltd., a subsidiary of the Company, has won the bid for Section SG-3 of the Xintai and Cidong segments of the Xintai, Cidong and

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Donglai Railway electrification project with the bid price of RMB521.76 million, and the contractual project duration of 540 calendar days;
The above bids amounted to approximately RMB50,574.71 million in aggregate, representing approximately 9.05% of the operating revenue of the Company in 2013 prepared under the China Accounting Standards.
Notice is hereby given.
The Board of Directors of
China Railway Group Limited
9 April 2014

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