Geely Automobile : Proposed Issue of the Bonds

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.

This announcement is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever. Neither this announcement nor any copy hereof may be taken into or distributed in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company and its management, as well as financial statements. No public offer of securities is to be made by the Company in the United States.

吉利汽車控股有限公司

GEELY AUTOMOBILE HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 175)

PROPOSED ISSUE OF THE BONDS

The Company proposes to conduct an international offering of the Bonds and will commence a series of roadshow presentations to institutional investors.

The pricing of the Bonds, including the aggregate principal amount, the Issue Price and the interest rate, will be determined through a book building exercise to be conducted by Barclays, BNP PARIBAS, Deutsche Bank and UBS (in alphabetical order) as the joint global coordinators, joint bookrunners and joint lead managers of the Bonds Issue. Upon finalising the terms of the Bonds, it is expected that Barclays, BNP PARIBAS, Deutsche Bank and UBS, and the Company will enter into the Subscription Agreement.

The net proceeds from the Bonds Issue are intended to be used by the Company to refinance the Group's certain existing indebtedness and for business development and other general corporate purposes.

The Bonds have not been and will not be registered under the U.S. Securities Act. The Bonds will only be offered outside the United States in compliance with Regulation S under the U.S.

Securities Act. None of the Bonds will be offered to the public in Hong Kong.

Application will be made to the SGX-ST for the listing and quotation of the Bonds on the SGX-ST. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed in this announcement. Approval in-principle for the listing and quotation of the Bonds on the SGX-ST is not to be taken as an indication of the merits of the Company and the Bonds. No listing of the Bonds has been sought in Hong Kong by the Company.

As no binding agreement in relation to the Bonds Issue has been entered into as at the date of this announcement, the Bonds Issue may or may not materialise. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company. Further announcement(s) in respect of the Bonds Issue will be made by the Company should the Subscription Agreement be signed.

THE PROPOSED BONDS ISSUE

Introduction

The Company proposes to conduct an international offering of the Bonds and will commence a series of roadshow presentations to institutional investors.

The pricing of the Bonds, including the aggregate principal amount, the Issue Price and the interest rate, will be determined through a book building exercise to be conducted by Barclays, BNP PARIBAS, Deutsche Bank and UBS (in alphabetical order) as the joint global co-ordinators, joint bookrunners and joint lead managers of the Bonds Issue. The terms and conditions of the Bonds are still being determined. Upon finalising the terms of the Bonds, it is expected that Barclays, BNP PARIBAS, Deutsche Bank and UBS, and the Company will enter into the Subscription Agreement, pursuant to which Barclays, BNP PARIBAS, Deutsche Bank and UBS will subscribe or procure subscribers for the Bonds. The Company will make further announcement(s) in respect of the Bonds Issue upon the execution of the Subscription Agreement.

The Bonds have not been and will not be registered under the U.S. Securities Act. The Bonds will only be offered outside the United States in compliance with Regulation S under the U.S. Securities Act. None of the Bonds will be offered to the public in Hong Kong.

The Company and reasons for the Bonds Issue

The Company is one of the leading indigenous automobile companies in the PRC, focusing on passenger vehicles and manufacturing and sales of automobile parts and components.

The net proceeds from the Bonds Issue are intended to be used by the Company to refinance the Group's certain existing indebtedness and for business development and other general corporate purposes.

Listing

Application will be made to the SGX-ST for the listing and quotation of the Bonds on the SGX-ST. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed in this announcement. Approval in-principle for the listing and quotation of the Bonds on the SGX-ST is not to be taken as an indication of the merits of the Company and the Bonds. No listing of the Bonds has been sought in Hong Kong by the Company.

GENERAL

As no binding agreement in relation to the Bonds Issue has been entered into as at the date of this announcement, the Bonds Issue may or may not materialise. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company.

Further announcement(s) in respect of the Bonds Issue will be made by the Company should the Subscription Agreement be signed.

DEFINITIONS

In this announcement, the following expressions shall have the meanings set out below unless the context requires otherwise:

As at the date of this announcement, the executive directors of the Company are Mr. Li Shu Fu (Chairman), Mr. Yang Jian (Vice Chairman), Mr. Li Dong Hui, Daniel (Vice Chairman), Mr. Gui

Sheng Yue (Chief Executive Officer), Mr. An Cong Hui, Mr. Ang Siu Lun, Lawrence and Ms. Wei Mei, the non-executive director of the Company is Mr. Carl Peter Edmund Moriz Forster, and the independent non-executive directors of the Company are Mr. Lee Cheuk Yin, Dannis, Mr. Yeung Sau Hung, Alex, Mr. An Qing Heng and Mr. Wang Yang.