The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in r

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.

S H I M A O P R O P E R T Y H O L D I N G S L I M I T E D

世 茂 房 地 產 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 813) OVERSEAS REGULATORY ANNOUNCEMENT SHANGHAI SHIMAO CO., LTD. A SUBSIDIARY OF SHIMAO PROPERTY HOLDINGS LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015

Shanghai Shimao Co., Ltd. ("Shanghai Shimao"), a subsidiary of Shimao Property Holdings Limited (the "Company"), is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. The Company has an approximately
64.08% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the unaudited consolidated financial results for the six months ended 30 June
2015. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the six months ended 30 June 2015 and the consolidated balance sheet as at 30 June 2015 of Shanghai
Shimao are provided below:

- 1 -

SHANGHAI SHIMAO CO., LTD. CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2015

Net profit attributable to minority

- 2 -

SHANGHAI SHIMAO CO., LTD. CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2015 ASSETS 30 June 2015 31 December 2014

RMB RMB

Current assets 37,811,676,524.27 34,321,267,795.17
Non-current assets 24,825,154,212.43 24,579,246,639.40
Total assets 62,636,830,736.70 58,900,514,434.57

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities 30,742,662,904.22 30,429,271,190.27
Non-current liabilities 10,328,110,854.19 8,436,222,025.48
Total liabilities 41,070,773,758.41 38,865,493,215.75
Shareholders' equity
Share capital 1,759,943,007.00 1,172,415,338.00
Capital reserve 2,414,553,394.41 2,992,302,763.41
Surplus reserve 297,769,318.78 297,769,318.78
Retained profits 8,116,343,784.29 7,386,373,815.49
Other comprehensive income 4,251,710,849.73 4,229,074,011.88
Equity attributable to equity holders of
Shanghai Shimao 16,840,320,354.21 16,077,935,247.56
Minority interests in equity 4,725,736,624.08 3,957,085,971.26
Total owners' equity 21,566,056,978.29 20,035,021,218.82
Total liabilities and owners' equity 62,636,830,736.70 58,900,514,434.57

- 3 -

GENERAL

Shareholders should note that the above unaudited financial information pertains only to
Shanghai Shimao and not to the Company itself.
Details of the unaudited consolidated financial results of Shanghai Shimao for the six months ended 30 June 2015 are accessible at the Shanghai Stock Exchange's website (www.sse.com.cn).
On behalf of the Board Shimao Property Holdings Limited Hui Wing Mau

Chairman

Hong Kong, 20 August 2015

As at the date of this announcement, the board of directors of the Company comprises five executive directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman), Mr. Xu Younong, Ms. Tang Fei and Mr. Liao Lujiang; one non-executive director, namely, Mr. Liu Sai Fei; and three independent non-executive directors, namely, Ms. Kan Lai

Kuen, Alice, Mr. Lu Hong Bing and Mr. Lam Ching Kam.

- 4 -

distributed by