Voluntary Announcement Supplemental Agreement

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.
 
                            ZHEJIANG EXPRESSWAY CO., LTD.
    (A joint stock limited company incorporated in the People's Republic of China 
                             with limited liability)

                                VOLUNTARY ANNOUNCEMENT
              SUPPLEMENTAL AGREEMENT TO CLARIFY FINANCIAL SERVICES AGREEMENT
                         AS CONTINUING CONNECTED TRANSACTION

Reference is made to the Company's announcement dated 19 July 2013 
(the "July 2013 Announcement") in relation to the Financial Services Agreement. 
Unless otherwise defined herein, terms defined in the July 2013 Announcement have the 
same meaning when used in this announcement.

It was disclosed in the July 2013 Announcement that the Company and Zhejiang 
Communications Finance had entered into the Financial Services Agreement. 
However, it has recently came to the attention of the board of Directors of the 
Company that, although the parties to the Financial Services Agreement intended 
that the agreement applied to financial services (the "Services") to be provided 
by Zhejiang Communications Finance to the Company as well as its subsidiaries, 
the definition of "the Company" used in the Financial Services Agreement and in 
the July 2013 Announcement did not specifically refer to the Company's subsidiaries 
as potential recipients of the Services.

Since the date of the Financial Services Agreement, besides the Company, Zhejiang Jinhua 
Yongji Expressway Co., Ltd. ("Jinhua Co"), a wholly-owned subsidiary of the Company, 
has also placed deposits (the "Jinhua Deposits") with Zhejiang Communications Finance.

In order to formalise the strict contractual basis for the Jinhua Deposits and to properly 
reflect the intention of the parties to the Financial Services Agreement, on 28 March 2014, 
the Company and Zhejiang Communications Finance entered into a supplemental agreement 
(the "Supplemental Agreement") to supplement the Financial Services Agreement with 
retrospective effect from 18 July 2013 (being the date of the Financial Services Agreement), 
so as to make clear that the definition of "the Company" used in the Financial Services 
Agreement  as  the  proposed  recipient of the Services, was intended to refer to the 
Company and its subsidiaries (the "Group"). All other terms of the Financial Services 
Agreement remain unchanged as described in the July 2013 Announcement except that all 
references in the July 2013 Announcement to "the Company", as being the proposed recipient 
of the Services, shall be read to refer to "the Group".

LISTING RULES IMPLICATIONS

As stated in the July 2013 Announcement, the transactions under the Financial Services 
Agreement (as amended by the Supplemental Agreement) constitute continuing connected 
transactions for the Company under Chapter 14A of the Listing Rules.

As each of the applicable percentage ratios in respect of the Deposit Services that 
may be provided by Zhejiang Communications Finance to the Group under the Financial 
Services Agreement (as amended by the Supplemental Agreement) remains more than 0.1% 
but less than 5%, such services constitute continuing connected transactions of the 
Company subject to the reporting, announcement and annual review requirements under 
Rule 14A.34(1) of the Listing Rules, but are exempt from the independent shareholders' 
approval requirement under Chapter 14A of the Listing Rules.

                                                          On behalf of the Board
                                                       ZHEJIANG EXPRESSWAY CO., LTD.
                                                              ZHAN Xiaozhang
                                                                 Chairman

Hangzhou, PRC, 28 March 2014

As of 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. LI Zongsheng, Mr. WANG Weili and Mr. WANG Dongjie; and the 
independent non-executive directors of the Company are: Mr. ZHANG Junsheng, 
Mr. ZHOU Jun and Mr. PEI Ker-Wei.