Shimao Property : Positive Profit Alert

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 813)

POSITIVE PROFIT ALERT

This announcement is made by Shimao Property Holdings Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to the Inside Information Provisions (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.

The board of directors (the "Board") of the Company wishes to inform shareholders of the Company and potential investors that, based on the information currently available to the management, the Group is expected to record an increase in the profit attributable to the Company's shareholders for the year ended 31 December 2017 of not less than approximately 40% as compared with the previous year. The increase was primarily attributable to an increase in profit from the core business of the Group and the U.S. dollar/Renminbi exchange rate change.

The information contained in this announcement is only based on the preliminary review by the Company's management on the financial information currently available to it and is not based on any figures or information that has been audited or reviewed by the auditors or the audit committee of the Company. Shareholders of the Company and potential investors are advised to read the annual results announcement of the Company for the year ended 31 December 2017 carefully which is expected to be published in late March 2018.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

On behalf of the Board Shimao Property Holdings Limited

Hui Wing Mau

Chairman

Hong Kong, 22 January 2018

As at the date of this announcement, the Board comprises four Executive Directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman), 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.