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)

PUBLIC OFFERING OF DOMESTIC CORPORATE BONDS IN THE PRC

Reference is made to the announcement of the Company dated 31 August 2015 (the "Announcement") in relation to the proposed issue of Domestic Bonds. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as used in the Announcement.
The Board of the Company is pleased to announce that Shanghai Shimao Jianshe Co., Ltd. (the "Issuer"), a wholly-owned subsidiary of the Company, completed the placing work of the issue of first tranche of the Domestic Bonds in the People's Republic of China on 17 September 2015. According to the placing results, the total amount of the issue of first tranche of Domestic Bonds is RMB6.0 billion with a term of 5 years and an annual coupon rate of 3.90%. The Issuer shall be entitled to adjust the coupon rate and the investors shall be entitled to sell back the Domestic Bonds at the end of the third year. The Issuer will issue the Domestic Bonds to qualified investors from 18 September 2015 to 21 September 2015. Details of the issue of the Domestic Bonds are published on the website of the Shanghai Stock Exchange (www.sse.com.cn).
The Issuer intends to use the proceeds from the Domestic Bonds to refinance its working capital, optimize the capital structure and reduce its financing cost.

On behalf of the Board

Shimao Property Holdings Limited Hui Wing Mau

Chairman

Hong Kong, 18 September 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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