Shenzhen Investment : Announcements and Notices - Unaudited Contracted Sales Performance for March 2017

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)

Shenzhen Investment Limited (the "Company", together with its subsidiaries, the "Group") wishes to provide to the shareholders of the Company the attached press release on the sales performance of the Group for March 2017 (the "Press Release").

The sales data contained in the Press Release is based on the summary of internal information of the Group, which has not been audited nor reviewed by external auditor and as such, it is for investors' reference only. 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

Chairman

Hong Kong, 13 April 2017

As at the date of this announcement, the Board comprises 9 directors, of which Dr. LU Hua, Mr. HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive directors of the Company, Dr. WU Jiesi and Mr. LIU Shichao 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.

[For immediate release]

(13 April 2017 - Hong Kong) Shenzhen Investment Limited ("SZI" or "Group", SEHK stock code: 604.HK) announces the Group's unaudited contracted sales for March 2017. Regardless in face of the most stringent market controlling measures, the Group still achieved the satisfied sales in the first quarter through reasonable price setting and promotion of block sale proactively. For the first three months of this year, the Group recorded a total contracted sales of approximately RMB 6.87 billion, representing an increase of approximately 32.0% YoY, and the total contracted sales area was approximately 258,518 sq.m., up 4.1% YoY. The average selling price was approximately RMB 25,510 per sq.m.. The significant decrease in contracted sales in March was due to the block sale of the office tower and apartment of Tanglang project in February and without new properties being launched in the market in March. The contracted sales for March amounted to approximately RMB 490 million, representing a decrease of approximately 91.0% MoM and approximately 87.2% YoY. The contracted sales area was approximately 65,778 sq.m., down approximately 54.6% MoM and approximately 56.6% YoY. We believe that the contracted sales will grow up again as new properties will be launched progressively from April to June.

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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