Shenzhen : Grant of Share Options

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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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00152) GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of Shenzhen International Holdings Limited (the "Company") hereby announces that on 22 June 2016, 7,420,000 share options (the "Share Options") to subscribe for up to a total of 7,420,000 ordinary shares of HK$1.00 each (the "Shares") of the Company were granted to certain individuals (the "Grantees") under the share option scheme of the Company. Details of the Share Options are as follows:

Date of grant:	22 June 2016 (the "Date of Grant")
Exercise price of Share Options granted:	HK$11.592 per Share, representing the highest of: the closing price of HK$11.42 per Share on the Date of Grant; the average closing price of HK$11.592 per Share for the five business days immediately preceding the Date of Grant; and the nominal value of the Share, which is HK$1.00.
Number of Share Options granted:	7,420,000 (each Share Option shall entitle the holder thereof to subscribe for one Share)
Closing price of the Shares on the Date of Grant:	HK$11.42 per Share
Validity period of the Share Options:	22 June 2016 to 28 January 2019

Vesting date of the Share Options:

40% of the Share Options granted is to be vested immediately; another 30% of the Share Options granted will be vested on 29 January 2017; and the remaining 30% of the Share Options will be vested on 29 January 2018. Vesting of the abovementioned Share Options in 2017 and 2018 is conditional upon the achievement of certain performance targets by the individual Grantees and the Group.

Among the Share Options granted above, 410,000 Share Options were granted to Mr. Li Hai Tao, the Executive Director and Chief Executive Officer of the Company and has been approved by the independent non-executive Directors.

Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or any of their associates (as defined in the Listing Rules).

By Order of the Board

Shenzhen International Holdings Limited Gao Lei

Chairman

Hong Kong, 22 June 2016

As at the date of this announcement, the Board consists of Messrs. Gao Lei, Li Hai Tao, Zhong Shan Qun, Liu Jun and Li Lu Ning as executive directors, Dr. Yim Fung, JP as non-executive director and Messrs. Leung Ming Yuen, Simon, Ding Xun and Nip Yun Wing as independent non-executive directors.