Shimao Property : Unaudited Operating Statistics for October 2017

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)

The board of directors (the "Board") of Shimao Property Holdings Limited (the "Company") hereby announces certain unaudited operating statistics of the Company and its subsidiaries (together the "Group") for October 2017 as follows:

In October 2017, the Group's contracted sales amounted to approximately RMB10.04 billion (October 2016: RMB5.30 billion) and the Group's contracted sold area amounted to 564,472 sq.m. (October 2016: 380,342 sq.m.), recording year-on-year increase of 89% and 48% respectively. The average selling price for October 2017 was RMB17,787 per sq.m..

The Group's aggregated contracted sales for the ten months ended 31 October 2017 amounted to approximately RMB78.60 billion and the Group's aggregated contracted sold area amounted to 4,684,622 sq.m., recording year-on-year increase of 39% and 15% respectively. The average selling price for the ten months ended 31 October 2017 was RMB16,779 per sq.m..

The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information. As such, the above data is provided for investors' reference only. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

On behalf of the Board

Chairman

Hong Kong, 6 November 2017

As at the date of this announcement, the Board of the Company 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.