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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 Hong Kong with limited liability)

(Stock Code: 604) GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors (the "Board") of Shenzhen Investment Limited (the "Company") announces that on 27 July 2015, the Company offered to grant a total of 7,846,000 share options (the "New Share Options") to an executive director and president of the Company and certain eligible persons (collectively, the "Grantees") to subscribe for a total of
7,846,000 ordinary shares of the Company ("Shares") under the share option scheme adopted by the Company on 22 June 2012 (the "Share Option Scheme") subject to acceptance by the Grantees within 28 days from 27 July 2015, the date of offer of the grant (the "Offer Date"). Details of the New Share Options offered to be granted are as follows:
Offer Date : 27 July 2015
Exercise price of the New Share Options
Total number of New Share Options offered to be granted
Total number of Shares to be issued upon exercise of the New Share Options in full
: HK$3.396 per Share, which represents the higher of (i) the closing price of HK$3.05 per Share as stated in the Stock Exchange's daily quotations sheet on the Offer Date; and (ii) the average closing price of HK$3.396 per Share as stated in the Stock Exchange's daily quotations sheets for the 5 business days immediately preceding the Offer Date
: 7,846,000
: 7,846,000

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Closing price of Shares on the Offer Date
: HK$3.05 per Share
Validity period of the New Share Options
: The New Share Options shall be deemed to be granted upon acceptance of the offer of the grant in accordance with the terms of the Share Option Scheme. The New Share Options shall be exercisable at any time for the period between 28 January 2016 and
27 January 2019 (the "Validity Period") and subject to the following vesting term:-
Maximum percentage of New Share Options exercisable including the percentage of New Share Options previously exercised

40%
70%
100%
Period for exercise of the relevant percentage of the New Share Options
at any time for the period between 28 January 2016 and
27 January 2017
at any time for the period between 28 January 2017 and
27 January 2018
at any time for the period between 28 January 2018 and
27 January 2019
Among the 7,846,000 New Share Options offered to the Grantees, 3,196,000 New Share Options were offered to be granted to Mr. HUANG Wei, an executive director and president of the Company, to subscribe for 3,196,000 Shares.
The offer of the grant of the New Share Options was approved by the independent non-executive directors of the Company on 27 July 2015.
Save as disclosed in this announcement, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or an associate (as defined under the Listing Rules) of any of them.

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By Order of the Board SHENZHEN INVESTMENT LIMITED LU Hua

Chairman

Hong Kong, 27 July 2015

As at the date of this announcement, the Board comprises 9 directors, of which Mr. LU Hua, Mr. HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive directors of the Company, Dr. WU Jiesi and Mr. HUANG Yige are the non-executive directors of the Company and Mr. LI Wai Keung, Mr. WU Wai Chung, Michael and Dr. WONG Yau Kar David are the independent non-executive directors

of the Company.

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