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.

SHIMAO PROPERTY HOLDINGS LIMITED

世 茂房 地產 控股 有限 公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 813) APPROVAL FOR THE ISSUE OF DOMESTIC CORPORATE BONDS BY THE CHINA SECURITIES REGULATORY COMMISSION

The board of directors (the "Board") of Shimao Property Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that the China Securities Regulatory Commission has approved the issue of the domestic corporate bonds (the "Domestic Bonds") with an aggregate principal amount of not exceeding RMB7.4 billion for a term of not more than 7 years in tranches to the qualified investors by Shanghai Shimao Jianshe Co., Ltd. (the "Issuer"), being a wholly-owned subsidiary of the Company which is a company incorporated in the People's Republic of China. The Domestic Bonds will be listed on the Shanghai Stock Exchange after the completion of the issue of the Domestic Bonds. The Issuer intends to use the proceeds from the Domestic Bonds to refinance its working capital, optimize the capital structure and improve its cash flow.
China Securities Co., Ltd. (中 信建投證券股份 有限公司 ) was appointed as the lead underwriter of the Domestic Bonds. The Domestic Bonds were rated "AA+" by three credit
rating agencies, namely, China Chengxin Securities Rating Co., Ltd. ( 中 誠 信 證 券 評 估 有
限 公 司 ) , Dagong Global Credit Rating Co., Ltd. ( 大 公 國 際 資 信 評 估 有 限 公 司 ) and
Golden Credit Rating International Co., Ltd. ( 東 方 金 誠 國 際 信 用 評 估 有 限 公 司 ) .
On behalf of the Board

Shimao Property Holdings Limited Hui Wing Mau

Chairman

Hong Kong, 31 August 2015

As at the date of this announcement, the Board 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.

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