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PROGRESS UPDATE ANNOUNCEMENT ON DISCLOSEABLE TRANSACTION IN RELATION TO COMPETING TAKEOVER BID FOR ALL THE ESS SHARES

Reference is made to the announcement of Fosun International Limited (the "Company") dated 23 September 2014 (the "Announcement"). Capitalized terms used in this announcement have the same meanings as defined in the Announcement, unless the context requires otherwise.
On 26 September 2014, Fidelidade has decided, in light of the market developments subsequent to the publication of the Preliminary Announcement of the Competing Offer for the ESS Shares, to improve the terms of the Competing Offer by increasing the Offer Price per ESS Share from €4.72 to € 4.82. Accordingly, the maximum amount of consideration payable by Fidelidade is expected to correspondingly increase from approximately €451 million to approximately € 461.5 million.
Also on this date, the Launching Announcement and the Prospectus of the Competing Offer (the "Competing Offer Documents") have been duly registered with the Portuguese Regulator. The consent, without conditions, for the change of the indirect ownership of the participations that ESS owns in SGHL - Sociedade Gestora do Hospital de Loures, S.A. and HL - Sociedade Gestora do Edifício, S.A., was given, as per the joint order of the State Secretary for Finance and the State Secretary for Health of Portugal.
The Competing Offer Documents have been modified in order to reflect the new terms and conditions of the Proposed Transaction. Save as disclosed above, other terms and conditions of the Preliminary Announcement in respect of Proposed Transaction remain the same in the Competing Offer Documents.

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As more than one of the applicable percentage ratios (as defined under Rule 14.04(9) of the Listing Rules) in relation to the Proposed Transaction (including the Group's additional capital commitment) exceed 5% but all such percentage ratios are less than 25%, the Proposed Transaction still constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is subject to the reporting and announcement requirements but is exempt from shareholders' approval requirement under the Listing Rules.
The Company will make further announcement on the progress of the Proposed Transaction as and when necessary.

By Order of the Board Fosun International Limited Guo Guangchang

Chairman

Shanghai, the PRC, 28 September 2014

As at the date of this announcement, the executive directors of the Company are Mr. Guo Guangchang, Mr. Liang Xinjun, Mr. Wang Qunbin, Mr. Ding Guoqi, Mr. Qin Xuetang and Mr. Wu Ping; the non -executive director is Mr. Fan Wei; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao and Mr. David T. Zhang.

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