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.

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

(Stock Code: 01088)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

The "Announcement Regarding the Progress of the Watermark Phase One Open-cut Coal Mine Project" as published in Chinese in the China Securities Journal, the Shanghai Securities News, the Securities Times and the Securities Daily and on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 10 February 2015 is enclosed hereto as overseas regulatory announcement.

Beijing, 9 February 2015

By Order of the Board

China Shenhua Energy Company Limited

Huang Qing

Secretary to the Board of Directors

As at the date of this announcement, the Board comprises the following: Dr. Zhang Yuzhuo, Dr. Ling Wen, Mr. Han Jianguo and Mr. Wang Xiaolin as executive directors, Mr. Chen Hongsheng as nonexecutive directors, and Ms. Fan Hsu Lai Tai, Mr. Gong Huazhang and Mr. Guo Peizhang as independent non-executive directors.

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Stock Code: 601088 Stock Short Name: China Shenhua No. of Announcement: Lin 2015-010

China Shenhua Energy Company Limited Announcement Regarding the Progress of the Watermark Phase One Open-cut Coal Mine Project

The board of directors and all directors of China Shenhua Energy Company Limited guarantee that the information set out in this announcement does not contain any false statements, misleading representations or material omissions, and severally and jointly accept responsibility

as to the truthfulness, accuracy and completeness of the content herein.

As disclosed by China Shenhua Energy Company Limited (the "Company") on
27 September 2014, pursuant to the review report prepared by the Planning Assessment Commission under the State Government of New South Wales of Australiain relation to the Watermark Phase One Open-cut Mine Project (the "Watermark Phase One Project") of Shenhua Australia Holdings Pty Limited, a wholly-owned subsidiary of the Company, the commission would support the approval for the Project provided that the relevant environmental assessment conditions were satisfied. For the details, please refer to the Announcement Regarding the Progress of the Watermark Phase One Open-cut Coal Mine Project of the Company dated 27 September 2014.
Recently, the formal approval for the Watermark Phase One Project has been given by the Planning Assessment Commission under the State Government of New South Wales of Australia after the fulfillment of the relevant environmental assessment conditions. There are three open-cut mining areas for the Watermark Phase One Project with recoverable reserves of 290 million tonnes (JORC Standards), total designed capacity of 10 million tonnes/year and designed service life of 24 years.
The construction of the Watermark Phase One Project is subject to prerequisite procedures, including obtaining project approval from the Australian Federal Government and environmental protection certification, mining rights licence from the state of New South Wales. Investors should note that any undue reliance on the above information may lead to investment risks.
By order of the board of directors
China Shenhua Energy Company Limited
Huang Qing
Secretary to the Board of Directors
09 February 2015

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