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 document, 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 document.

S H I M A O PR O P E R TY 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 NINE MONTHS ENDED 30 SEPTEMBER 2014

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
64.22% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the unaudited consolidated financial results for the nine months ended
30 September 2014. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the nine months ended 30 September 2014 and the consolidated balance sheet as at 30 September 2014
of Shanghai Shimao are provided below:

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SHANGHAI SHIMAO CO., LTD. CONSOLIDATED INCOME STATEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

Shanghai Shimao

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SHANGHAI SHIMAO CO., LTD. CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2014 ASSETS 30 September 2014 31 December 2013

RMB RMB

Current assets 36,212,824,007.18 31,353,540,321.50
Non-current assets 22,246,601,801.06 18,734,159,862.56
Total assets 58,459,425,808.24 50,087,700,184.06

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities 28,322,015,112.13 25,188,935,307.00
Non-current liabilities 11,603,891,918.69 8,673,094,207.59
Total liabilities 39,925,907,030.82 33,862,029,514.59
Shareholders' equity
Share capital 1,170,595,338.00 1,170,595,338.00
Capital reserve 7,215,173,176.85 7,052,923,759.70
Surplus reserve 268,256,985.72 268,256,985.72
Retained profits 6,294,228,422.47 5,699,329,076.84
Translation differences of foreign
currency financial statements 15,486,605.31 11,191,598.71
Equity attributable to equity holders of

Shanghai Shimao

14,963,740,528.35

14,202,296,758.97

Minority interests in equity

3,569,778,249.07

2,023,373,910.50

Total owners' equity

18,533,518,777.42

16,225,670,669.47

Total liabilities and owners' equity 58,459,425,808.24 50,087,700,184.06

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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 nine months ended 30 September 2014 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, 29 October 2014

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

Bing and Mr. Lam Ching Kam.

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