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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)

VOLUNTARY ANNOUNCEMENT UPDATES ON CERTAIN PROJECTS

Shenzhen Investment Limited (the "Company", together with its subsidiaries, the "Group") wishes to provide to the shareholders of the Company the attached press release regarding updates on certain projects of the Group.

This is a voluntary announcement made by the Company and the financial information set out in this announcement has not been audited nor reviewed by external auditor. Shareholders of the Company and potential investors are advised to exercise due care when dealing in the shares of the Company.

By Order of the Board SHENZHEN INVESTMENT LIMITED LU Hua

Chairman

Hong Kong, 22 April 2015

As at the date of this announcement, the Board comprises 9 directors, of which Mr. LU Hua, Mr. GAO Shengyuan, 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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[For immediate release]

SZI Announced Updates on Certain Projects

(22 April 2015 - Hong Kong) Shenzhen Investment Limited ("SZI" or the "Group", SEHK stock code: 604.HK) announced that the hot sale of our UpperHills project, which recorded a contracted sale of over RMB330m in the first quarter, up approx. 50% QoQ. The subscription volume in March and April had a strongly rise. From March to 19 April, there were over 60 units being subscribed, with a subscription amount of over RMB1,000m, representing approx. 3.5 times as compared with that of January and February. Such subscribed units will be accounted for contracted sales accordingly.
UpperHills is the only high-end luxury property complex currently for sale in the CBD of Futian District in Shenzhen. It is surrounded by three parks: Lotus Hill Park, Bijia Hill Park and Central Park, which are connected by uniquely-designed sky bridge, and the site enjoys exclusive landscape. The sales of serviced apartments were launched in late 2013. After a depressed market sentiment in 2014, we saw a strong recovery on the apartment sales recently, and the project became the best selling luxury properties in Shenzhen. The remaining units are mainly units with area ranging from 230 sq.m. to 358 sq.m., and selling prices between RMB13m to RMB34m.
SZI has a total saleable properties value of RMB28b for this year, 70% of which is in Shenzhen. There are 4 new projects to be launched for sale in Shenzhen, of which Tanglang City (TOD complex) is going to be launched in May. The total GFA of Tanglang City is approx. 260,000sqm,
50,000sqm of which will be launched in the first batch which comprises mainly units with area ranging from 85 sq.m. to 140 sq.m..
Following the marketing recovery and launch of new properties, we are very confident of achieving the sales target of RMB11bn in 2015.
For enquiry, please contact:

Shenzhen Investment Limited

Nicole Zhou
Tel: (852) 2312 8746
Email: zhouq@shumyip.com.hk

Financial PR (HK) Ltd.

Dawn Lee
Tel: (852) 2610 0846
Fax: (852) 2610 0842
Email: dawnlee@financialpr.hk

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