Shenzhen Expressway : Announcement - Issue of Super Short-term Commercial Paper

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深圳高速公路股份有限公司

SHENZHEN EXPRESSWAY COMPANY LIMITED

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

(Stock Code: 00548)

ANNOUNCEMENT

ISSUE OF SUPER SHORT-TERM COMMERCIAL PAPER

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors of Shenzhen Expressway Company Limited (the "Company") hereby announces that the Company issued the 2021 Phase II Super Short-term Commercial Paper in the interbank market of the PRC on 24 March 2021, the basic information of which is as follows:

Name	Shenzhen Expressway Company Limited 2021 Phase II Super Short-term Commercial Paper
Abbreviation	21 Shenzhen Expressway SCP002
Code	012101201.IB	Term	180 days
Value date	25 March 2021	Maturity date	21 September 2021
Amount to be issued	RMB1 billion	Actual amount issued	RMB1 billion
Interest rate	2.75%	Issue price	RMB100 per RMB100 face value
Book runner	China Everbright Bank Company Limited
Lead underwriter	China Everbright Bank Company Limited
Joint lead underwriter	Bank of Shanghai Co., Ltd.

By Order of the Board

Gong Tao Tao Joint Company Secretary

Shenzhen, PRC, 25 March 2021

As at the date of this announcement, the Directors of the Company are Mr. HU Wei (Executive Director and Chairman of the Board), Mr. LIAO Xiang Wen (Executive Director and President), Mr. WANG Zeng Jin (Executive Director), Mr. WEN Liang (Executive Director), Mr. DAI Jing Ming (Non-executive Director), Ms. LI Xiao Yan (Non-executive Director), Ms. CHEN Hai Shan (Non-executive Director), Ms. CHEN Xiao Lu (Independent non-executive Director), Mr. BAI Hua (Independent non-executive Director) and Mr. LI Fei Long (Independent non-executive Director).

This announcement is originally prepared in Chinese. In case of any inconsistency between the Chinese version and the English version, the Chinese version shall prevail.