Result of EGM

Zhejiang Expressway Co
15 October 2002

 
Results of Extraordinary General Meeting

Zhejiang Expressway Co., Ltd. (the 'Company') held an extraordinary general 
meeting on October 15th, 2002, and approved the resolution for the distribution 
of the interim dividend of the Company for the six months ended June 30th, 2002 
in the amount of RMB0.04 per share.

The register of members of the Company ('Register of Members') was closed from 
September 14th, 2002 to October 14th 2002 (both days inclusive). Holders of H 
shares of the Company ('H Shares') whose name appeared in the Register of 
Members on September 19th, 2002 are entitled to the said interim dividend.

Pursuant to the Company's Articles of Association, dividends of H Shares shall 
be paid in Hong Kong dollars according to the average closing price of Hong Kong 
dollars to Remminbi declared by the People's Bank of China in the five trading 
days immediately preceding the date of the declaration of dividends. The 
exchange rate for the purpose of the payment of the interim dividend is 
therefore HK$1.00 to RMB 1.06078.

The interim dividend of RMB0.04 or HK$ 0.03771 per share is expected to be 
payable to holders of the H Shares of the Company on or before November 8th, 
2002.

                                                        For and on behalf of
                                                   Zhejiang Expressway Co., Ltd.
 
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