COSCO SHIPPING : Announcement on Receipt of a Subsidy

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.

中 遠 海 運 控 股 股 份 有 限 公 司

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

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 on Receipt of a Subsidy" as published in Chinese on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 26 September 2017 is enclosed hereto as overseas regulatory announcement in English and Chinese.

By Order of the Board

Company Secretary

Shanghai, the People's Republic of China 26 September 2017

As at the date of this announcement, the directors of the Company are Mr. WAN Min2 (Chairman), Mr. HUANG Xiaowen1 (Vice Chairman), Mr. XU Zunwu1, Mr. MA Jianhua2, Mr. WANG Haimin1, Mr. ZHANG Wei (張為)1, Mr. FENG Boming2, Mr. ZHANG Wei (張煒)2, Mr. CHEN Dong2, Mr. YANG,

Liang Yee Philip3, Mr. WU Dawei3, Mr. ZHOU Zhonghui3, Mr. TEO Siong Seng3 and Mr. KOO, Chee Kong Kenneth3.

1 Executive Director

2 Non-executive Director

3 Independent non-executive Director

* For identification purpose only

The board of directors and all directors of the Company warrant that this announcement does not contain any false representations, misleading statements or material omissions, and jointly and severally accept responsibility for the truthfulness, accuracy and completeness of its contents.

Recently, the Company received a subsidy amounting to approximately RMB510 million from China COSCO Shipping Corporation Limited* (中國遠洋海運集團有限 公司), the indirect controlling shareholder of the Company, for the decommissioning and upgrading of vessels.

In accordance with the Accounting Standards for Enterprises, the subsidy was recognized by the Company as non-operating income and will be included in the profit and loss for 2017. The final accounting treatment will be subject to the audit results to be confirmed by its accountant firm after conducting the annual audit. Investors are advised to be cautious of investment risks.

Notice is hereby given.

The Board of COSCO SHIPPING Holdings Co., Ltd.

26 September 2017