Shenzhen Investment : Unaudited Contracted Sales Performance for May 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)

(Stock Code: 00604)

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 May 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.

By Order of the Board

Chairman

Hong Kong, 9 June 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.

SZI Announces Unaudited Contracted Sales for May 2017

(9 June 2017 - Hong Kong) Shenzhen Investment Limited ("SZI" or "Group", SEHK stock code: 604.HK) announces the Group's unaudited contracted sales for May 2017. The contracted sales for May amounted to approximately RMB 700 million, representing a decrease of approximately 9.1% MoM and a decrease of approximately 72.4% YoY. The contracted sales area was approximately 45,722 sq.m., down approximately 26.9% MoM and approximately 57.3% YoY. For the first five months of this year, the Group recorded a total contracted sales of approximately RMB 8.33 billion, representing a decrease of approximately 23.5% YoY, and the total contracted sales area was approximately 377,435 sq.m., down 21.6% YoY. The average selling price was approximately RMB 22,070 per sq.m.. We believe that contracted sales will pick up with the progressive launching of new projects.

During the period, the Group successfully disposed the entire equity interest and shareholder's loan in three project companies with projects in Sanshui, Guangdong and a project company with projects in Taizhou, Jiangsu to Evergrande Group at a consideration of RMB5.425 billion plus interest on shareholder's loan (the "Disposals"). It is expected that SZI will record a net gain after tax of approximately HK$2.912 billion (unaudited data) from the Disposals. Looking forward, SZI will continue the strategy of focusing on Shenzhen and create more value for the shareholders through multiple strategies.

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