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.

CHINA RAILWAY GROUP LIMITED

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

(Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Please refer to the attached Announcement of "Winning of Bids for Material Projects by China Railway Group Limited" published by China Railway Group Limited on the Shanghai Stock Exchange website on 23 July 2015 for your information.
By Order of the Board

China Railway Group Limited LI Changjin

Chairman

The PRC, 23 July 2015

As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; and the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and NGAI Wai Fung.

- 1 -
A Shares Stock Name: China Railway
A Shares Stock Code:
601390
H Shares Stock Name: China Railway
H Shares Stock Code:
00390
Announcement No.: Lin 2015-049
Announcement No.: Lin 2015-049

Announcement Winning of Bids for Material Projects by China Railway Group Limited The board of directors of China Railway Group Limited (the "Company") and all the directors hereby undertake that this announcement does not contain any false or misleading statements or any material omissions, and assume the joint and several liability for the truthfulness, accuracy and completeness of the contents.

The Company has recently won the bids for the following material domestic projects:
Unit: RMB10,000 Currency: RMB

Serial

No.

Company

Winning the Bid

Project under the

Successful Bid

Bid

Amount

Contractual

Project

Duration

Railway Projects

1

China Railway No. 1

Engineering Group Co., Ltd., China Railway No. 3

Engineering Group Co., Ltd., China Railway No. 4

Engineering Group Co., Ltd., Shanghai Civil Engineering

Co., Ltd. of CREC

Before-station

construction project

of Sections CGZQ-7, CGZQ-9, CGZQ-2

and CGZQ-5 of

the new Nanchang- Ganzhou Passengers Railway

988,478

53.5 months

2

China Railway No. 1

Engineering Group Co., Ltd., China Railway No. 4

Engineering Group Co., Ltd., China Railway No. 5

Engineering Group Co., Ltd.

Before-station construction project of Sections SG-4, SG-1,

and SG-5 of the new Harbin-Mudanjiang Passengers Railway

700,431

46.5 months

3

China Railway No. 4

Engineering Group Co., Ltd.

Construction project

of Section CCHCS of the new Changchun

comprehensive railroad yard

(comprehensive

construction section)

105,058

730 calendar days

- 2 -

Serial

No.

Company

Winning the Bid

Project under the

Successful Bid

Bid

Amount

Contractual

Project

Duration

4

China Railway No. 7

Engineering Group Co., Ltd.

Construction project of the new third

and fourth lines between Baqiao Railway Station

and Xi'an Railway

Station together with relevant projects and

expansion and Section

XZGS-4 of the

capacity expansion project between

Xinfengzhen Town

and Yaocun Village in the expansion

and reconstruction of Xi'an Railway

Station, Xi'an

Railway terminal

63,242

18 months

Municipal Works and Other Projects

1

China Railway Group

Limited

Construction project of Section 02 of the general contracting

project of Phase I,

Nanning Metro Line

3 (Keyuan Avenue- Pingle Avenue)

456,913

1,340 calendar days

2

China Railway Construction

Group (CRCG) Co., Ltd.

Construction project

of the commercial and residential projects

of Meilisha, Haikou, Hainan

120,166

798 calendar days

The above bids amounted to approximately RMB24,342.88 million in aggregate, representing approximately 3.99% of the operating revenue of the Company in 2014 prepared under the China Accounting Standards.
Notice is hereby given.
The Board of Directors of

China Railway Group Limited

23 July 2015
- 3 -

distributed by