Fosun : PROGRESS UPDATE ANNOUNCEMENT ON DISCLOSEABLE TRANSACTION IN RELATION TO FURTHER ACQUISITION OF IRONSHORE INC. BY WAY OF MERGER

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.

Reference is made to the announcement of Fosun International Limited (the 'Company') dated 3 May 2015 (the 'Announcement'). Capitalized terms used in this announcement have the same meanings as defined in the Announcement, unless the context requires otherwise.

The board of directors of the Company (the 'Board') is pleased to announce that the Company has completed the acquisition of all of the interests in Ironshore Inc. ('Ironshore') on 20 November 2015 (U.S. time) by way of Merger pursuant to the Merger Agreement dated as of 1 May 2015. As such, Mettlesome Investment 2 (an indirect wholly-owned subsidiary of the Company), as the Merger Sub, has been merged with and into Ironshore with Ironshore continuing as the Surviving Company and Ironshore becomes an indirect wholly-owned subsidiary of the Company.

As disclosed in the Announcement, Ironshore, a holding company, that through its subsidiaries provides broker-sourced specialty commercial property and casualty coverages for varying risks on a global basis through its multiple international platforms.

The Group has been endeavoring determined efforts in establishing insurance as its core business and developing insurance as one of the key growth engines of the Group. The Group will increase its high-quality insurance assets, diversify the varieties of insurance products and enhance inter-platform synergies between the insurance businesses. The Group will also assist the prominent management team of Ironshore to manage its investable assets amounting to

approximately US$5.1 billion as of 30 September 2015 in a more efficient way and to establish an international platform in the area of specialty insurance.

By Order of the Board

Chairman

Shanghai, the PRC, 23 November 2015

As at the date of this announcement, the executive directors are Mr. Guo Guangchang, Mr. Liang Xinjun, Mr. Wang Qunbin, Mr. Ding Guoqi, Mr. Qin Xuetang, Mr. Chen Qiyu and Mr. Xu Xiaoliang; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Zhang Huaqiao, Mr. David T. Zhang and Mr. Yang Chao.

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