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) VOLUNTARY ANNOUNCEMENT APPROVAL FOR THE ISSUE OF RMB CORPORATE BONDS IN THE PRC

The board of directors (the "Board") of Shenzhen International Holdings Limited (the "Company") is pleased to announce that the Company has received the approval from the China Securities Regulatory Commission (中國證券監督管理委員會, the "CSRC") for the

application of the issuance of corporate bonds in an aggregate principal amount not exceeding RMB5,000,000,000 in the People's Republic of China (the "Panda Bonds"). The Company may issue the Panda Bonds in multiple tranches within a validity period of 24 months commencing from the date of the CSRC approval.

The precise timing of issue, size of issue and terms of the bonds will be subject to prevailing market conditions at the time of issuance and the coupon rate shall be determined by the lead

underwriter through the centralised book-building process. The Panda Bonds are proposed to be listed on the Shenzhen Stock Exchange (深圳證券交易所).

The credit rating agencies, United Credit Ratings Co., Ltd. (聯合信用評級有限公司) and Pengyuan Credit Rating Co., Ltd. (鵬元資信評估有限公司) have assigned a "AAA" rating, the highest credit rating in the PRC, to each of the Company and the Panda Bonds.

The Board believes that the issue of the Panda Bonds will further diversify the Group's funding channels and facilitate its future business expansion.

The issue of the Panda Bonds may or may not proceed and, in the event it does proceed, timing, size and terms are still to be determined. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Shenzhen International Holdings Limited Gao Lei

Chairman

Hong Kong, 22 February 2017

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.

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Shenzhen International Holdings Ltd. published this content on 22 February 2017 and is solely responsible for the information contained herein.
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