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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 announcements of Fosun International Limited (the "Company") dated 23 September 2014, 28 September 2014 and 10 October 2014, respectively (the "Announcements"). Capitalized terms used in this announcement have the same meanings as defined in the Announcements, unless the context requires otherwise.
The period of the Competing Offer ended on 14 October 2014 (Portugal time) and
Fidelidade has received acceptances of 91,782,932 ESS Shares. Based on the Offer Price of
€5.01 per ESS Share, the total amount of consideration payable by Fidelidade is approximately €459.83 million. Accordingly, approximately 96.07% of the voting rights corresponding to the registered capital of ESS as at 14 October 2014 will be held by Fidelidade.
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 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.

By Order of the Board Fosun International Limited Guo Guangchang

Chairman

Shanghai, the PRC, 15 October 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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