THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

HONG KONG EXCHANGES AND CLEARING LIMITED AND THE STOCK EXCHANGE OF HONG KONG LIMITED TAKE NO RESPONSIBILITY FOR THE CONTENTS OF THIS ELECTION

FORM, 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 ELECTION FORM.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00604)

( {)J �:00604)

SCRIP DIVIDEND SCHEME IN RELATION TO THE FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2014 (THE "FINAL DIVIDEND")

( )

ELECTION FORM

IF YOU WISH TO RECEIVE ONLY CASH FOR THE FINAL DIVIDEND, DO NOT COMPLETE THIS FORM.

IF YOU WISH TO RECEIVE ONLY SCRIP SHARES (AS DEFINED IN THE ACCOMPANYING CIRCULAR OF SHENZHEN INVESTMENT LIMITED (THE "COMPANY") DATED 24 JULY 2015 (THE

"CIRCULAR") FOR THE FINAL DIVIDEND, PLEASE JUST SIGN, DATE AND RETURN THIS ELECTION FORM.

IF YOU WISH TO RECEIVE THE FINAL DIVIDEND PARTLY IN CASH AND PARTLY IN SCRIP SHARES, YOU MUST COMPLETE THIS ELECTION FORM AND RETURN IT TO THE COMPANY'S SHARE

REGISTRAR, TRICOR STANDARD LIMITED AT LEVEL 22, HOPEWELL CENTRE, 183 QUEEN'S ROAD EAST, HONG KONG NOT LATER THAN 4:30 P.M. ON MONDAY, 10 AUGUST 2015. IF THIS

ELECTION FORM IS NOT COMPLETED CORRECTLY AND RETURNED BY SUCH TIME AND DATE, ALL OF YOUR FINAL DIVIDEND WILL BE PAID WHOLLY IN CASH. THE DECISION OF THE

COMPANY IN ANY DISPUTE RELATING TO THE SCRIP DIVIDEND SCHEME (AS DEFINED IN THE CIRCULAR) SHALL BE CONCLUSIVE AND BINDING.

183� 22

PART 1 �- YOUR DETAILS 1 ��

Box A

NAME(S) AND ADDRESS(ES) OF REGISTERED SHAREHOLDER(S)

Box B

NUMBER OF SHARE(S) HELD ON THE RECORD DATE, 26 JUNE 2015

Box B

NUMBER OF SHARE(S) HELD ON THE RECORD DATE, 26 JUNE 2015

PART 2 �- ELECTION FOR CASH (FINAL DIVIDEND ONLY) .R& JIlJ�

IF YOU WISH TO RECEIVE ONLY CASH FOR THE FINAL DIVIDEND, YOU DO NOT NEED TO TAKE ANY ACTION. THEREFORE, PLEASE DO NOT RETURN THIS ELECTION FORM.

PART 3 �- ELECTION FOR SCRIP SHARES ONLY .RJIl {)J

IF YOU WISH TO RECEIVE ONLY SCRIP SHARES FOR THE FINAL DIVIDEND, PLEASE JUST SIGN, DATE AND RETURN THIS ELECTION FORM.

PART 4 �- ELECTION FOR PART CASH AND PART SCRIP SHARES FOR THE FINAL

DIVIDEND J� {)JJIlNUMBER OF SHARE(S)

IF YOU WISH TO RECEIVE YOUR FINAL DIVIDEND PARTLY IN CASH AND PARTLY IN SCRIP HELD ON THE RECORD SHARES, PLEASE ENTER IN BOX CTHE NUMBER OF SHARES WHICH YOU HELD ON THE DATE, 26 JUNE 2015, FOR RECORD DATE, 26 JUNE 2015, FOR WHICH YOU REQUIRE THE FINAL DIVIDEND TO BE PAID IN WHICH YOU REQUIRE THE SCRIP SHARES. THEN SIGN, DATE AND RETURN THIS ELECTION FORM. Box C FINAL DIVIDEND TO BE

PAID IN SCRIP SHARES

NOTE: IF YOU HAVE SIGNED THIS ELECTION FORM BUT DO NOT SPECIFY THE NUMBER OF SHARES IN RESPECT OF WHICH YOU WISH TO RECEIVE SCRIP SHARES OR IF YOU ELECT TO RECEIVE SCRIP SHARES IN RESPECT OF A GREATER NUMBER OF SHARES THAN YOUR REGISTERED HOLDING ON THE RECORD DATE ON 26 JUNE 2015, THEN IN EITHER CASE YOU WILL BE DEEMED TO HAVE EXERCISED YOUR ELECTION TO RECEIVE SCRIP SHARES IN RESPECT OF ALL THE SHARES REGISTERED IN YOUR NAME ON THE RECORD DATE. THEREFORE, YOU WILL RECEIVE ONLY SCRIP SHARES FOR THE FINAL DIVIDEND.

TO THE BOARD OF DIRECTORS OF SHENZHEN INVESTMENT LIMITED:

I/We, the undersigned and above-named shareholder(s), give notice that the Final Dividend should be paid in accordance with the instructions given above, subject to the terms and conditions set out in the Circular

dated 24 July 2015 and the Articles of Association of the Company.

SIGN (USUAL SIGNATURE(S))

(1) (2) (3) (4)

Daytime telephone number (if any) ��iul'§ Date 2015.

Notes: (1) In the case of joint holders, all must sign.

:

(2) In the case of a corporation, this form should be signed on its behalf by a duly authorised officer whose office should be stated.

For the avoidance of doubt, we do not accept any special instructions written on this Election Form.

THIS ELECTION FORM SHOULD BE READ IN CONJUNCTION WITH THE CIRCULAR. THIS ELECTION FORM IS ONLY FOR THE USE OF THE SHAREHOLDER(S) OF THE COMPANY NAMED IN BOX A.

NO ACKNOWLEDGEMENT OF RECEIPT OF THIS FORM WILL BE ISSUED. NO ELECTIONS IN RESPECT OF THE FINAL DIVIDEND MAY, AFTER THIS ELECTION FORM IS SIGNED AND RETURNED TO THE COMPANY'S SHARE REGISTRAR, BE IN ANY WAY WITHDRAWN, REVOKED, SUPERSEDED OR ALTERED. SHARE CERTIFICATES AND/OR CHEQUES FOR THE CASH ENTITLEMENT WILL BE SENT BY ORDINARY POST ON OR ABOUT FRIDAY, 21 AUGUST 2015 TO THE SHAREHOLDER(S) AND AT THE SHAREHOLDERS' RISK TO THE ADDRESS STATED ABOVE.

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