Shimao Property : Issue of the First Tranche of the Domestic Corporate Bonds

Microsoft Word - E_PRC Bond Issue_final

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)

ISSUE OF THE FIRST TRANCHE OF THE DOMESTIC CORPORATE BONDS

Reference is made to the announcement of Shimao Property Holdings Limited (the "Company") dated 5 January 2016 (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 the Company has completed the book-building work of the issue of the first tranche of the Domestic Bonds on 14 January 2016. According to the book-building results, the amount of the issue of the Domestic Bonds initially available for subscription is RMB2 billion and was oversubscribed for RMB2 billion. The total amount of the issue of this tranche of the Domestic Bonds is RMB4 billion with a term of five years and an annual coupon rate of 4.8%. The Company shall be entitled to increase the coupon rate and the investors shall be entitled to sell back the Domestic Bonds at the end of the third year.

The Company will use the proceeds from the Domestic Bonds to refinance its working capital, optimize the capital structure and reduce its finance cost.

On behalf of the Board

Shimao Property Holdings Limited Hui Wing Mau

Chairman

Hong Kong, 18 January 2016

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), Ms. Tang Fei, Mr. Liao Lujiang and Mr. Kan Naigui; 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.