Net Profit Amounted to RMB 238million

(Hong Kong, 26 April 2012) Shenzhen Expressway Company Limited (“Shenzhen Expressway” or the “Company”) (HKEx: 00548; SSE: 600548) and its subsidiaries (collectively, the “Group”) is pleased to announce the first quarterly results of the Group for the three months ended 31 March 2012 (the “Reporting Period”).During the Reporting Period, the Group recorded revenue of RMB 835million, representing a YOY increase of 23.05%, among which toll revenue recorded a YOY increase of 7.79% to RMB 697million. The Group recorded net profit attributable to owners of the Company (“Net Profit”) of RMB 238million for the Reporting Period, representing a YOY increase of 28.07%.

During the Reporting Period, toll roads operated and invested by the Group maintained overall growth in traffic volumes and toll revenues, with variation in individual performances. Suffered from such factors as slowdown in the growth of macro-economy and changes in the traffic distribution in the road network, the toll revenues from most of toll highways operated by the Group recorded slow down in YOY growth or YOY decrease. Nevertheless, benefited from the stimulation effect caused by the improvement of the road networks, booming economic activities in peripheral areas and the implementation of toll-by-weight policy, the average daily toll revenue of Qinglian Expressway and Yanpai Expressway recorded a rapid growth of 39.0% and 30.2% respectively during the Reporting Period. Yangmao Expressway and Guangwu Project continued to maintain a growth trend.

During the Reporting Period, the Group’s toll revenue increased by 23.05% YOY, which was mainly attributable to growth in toll revenue from Qinglian Expressway, and based on the audit results and the progress of collection of amounts receivables, the Group recognised the revenue of entrusted construction management services for Nanping (Phase I) during the Reporting Period. In terms of costs and expenses, the cost of services for the Group (Excluding the impact of provisions for maintenance/resurfacing obligations) recorded a YOY growth of 28.45%, which mainly resulted from the corresponding increase in the depreciation and amortisation of Qinglian Expressway in line with the increase of revenues and the recognition of cost in entrusted construction management services for Nanping (Phase I) for the Reporting Period. During the Reporting Period, the Group recorded a YOY increase in borrowings, while the capital cost increased as a result of the state’ s macro-economic control and the increase in market interest rate, resulting in a YOY increase of financial expenses of 29.44% for the Reporting Period.

Management team of the Company asserts that domestic and international macro economic situation is still complex currently, with certain uncertainties in toll highway industry policy. The Group will continue to monitor the trends of macro-economy and changes of industry policies. The company will abide by operation philosophy of steady and prudented, enhance project operation management, strengthen cost control and capital management in its effort to achieve better operating results for the Group and a better return for the shareholders.

Appendix I: 2012 First Quarterly Results Highlights

Appendix II: Operating Statistics of Each Toll Highway during the Reporting Period