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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.



COSCO Pacific Limited

(Incorporated in Bermuda with limited liability)

(Stock Code : 1199) COMPLETION OF THE ACQUISITION OF ALL THE ISSUED SHARES OF CHINA SHIPPING PORTS DEVELOPMENT CO., LIMITED


The board of directors of the Company (the "Board") is pleased to announce that all conditions precedent under the CSPD SPA (as supplemented by the supplemental agreement to the CSPD SPA dated 27 January 2016 (the "Supplemental Agreement") have been satisfied or waived and the Acquisition was completed on 18 March 2016.


References are made to the announcements of COSCO Pacific Limited (the "Company") dated 11 December 2015, 23 December 2015, 27 January 2016 and

1 February 2016 and the circular of the Company dated 31 December 2015 (the "Circular"). Unless otherwise defined herein, terms defined in the Circular have the same meanings in this announcement.

Completion


The Board is pleased to announce that all the conditions precedent under the CSPD SPA (as supplemented by the Supplemental Agreement) have been satisfied or waived and the Acquisition was completed on 18 March 2016.

The Company currently expects that the Disposal will be completed on or around 24 March 2016.

Conditional Special Cash Dividend


The book closure period, the record date and the payment date for the Conditional Special Cash Dividend will be announced upon completion of the Disposal.

By Order of the Board COSCO Pacific Limited QIU Jinguang

Vice Chairman & Managing Director


Hong Kong, 18 March 2016

As at the date of this announcement, the Board comprises Mr. WAN Min2 (Chairman), Mr. QIU Jinguang1 (Vice Chairman & Managing Director), Mr. DENG Huangjun1, Mr. TANG Runjiang1, Mr. FENG Bo1, Mr. WANG Wei2, Mr. WANG Haimin2, Mr. ZHANG Wei2, Dr. WONG Tin

Yau, Kelvin1, Dr. FAN HSU Lai Tai, Rita3, Mr. Adrian David LI Man Kiu3, Mr. IP Sing Chi3, Mr. FAN Ergang3 and Mr. LAM Yiu Kin3.

1 Executive Director

2 Non-executive Director

3 Independent Non-executive Director

COSCO Pacific Ltd. issued this content on 18 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2016 12:47:55 UTC

Original Document: http://www.coscopac.com.hk/uploadfiles/notice/201603182036052343.pdf