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(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 0576) CHANGE OF ADDRESS OF PRINCIPAL PLACE OF BUSINESS IN THE PEOPLE'S REPUBLIC OF CHINA

The board of directors (the "Board") of Zhejiang Expressway Co., Ltd. (the "Company") hereby announces that, with effect from April 21, 2015, the address of principal place of business of the Company in the People's Republic of China (the "PRC") will be changed to the following:

5/F, No. 2 Mingzhu International Business Center

199 Wuxing Road

Hangzhou City, Zhejiang Province

People's Republic of China

310020

Other contact details such as the Company's registered address in the PRC, telephone numbers, facsimile numbers and email address will remain unchanged.

By Order of the Board

Zhejiang Expressway Co., Ltd. Tony Zheng

Company Secretary

Hangzhou, the PRC, April 17, 2015

As at the date of this announcement, the executive directors of the Company are: Mr. ZHAN Xiaozhang, Ms. LUO Jianhu and Mr. DING Huikang; the non-executive directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU Jianping; and the independent non-executive directors of the Company are: Mr. ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang, Rosa.

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