Approval of Toll Collection Rights Period

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)
 
                                          (Stock code: 0576)
 

                   Discloseable and Connected Transactions in relation to Acquisition of 
                     an Aggregate 76.55% Equity Interest in Zhejiang Jinhua Yongjin
                  Expressway Co., Ltd. - Approval of Toll Collection Rights Period for the
                             Jinhua Section of the Ningbo-Jinhua Expressway




Reference is made to the announcement of Zhejiang Expressway Co., Ltd. (the "Company") dated March 20, 2013 
(the "Announcement") and the circular of the Company dated May 7, 2013 (the "Circular") on discloseable and 
connected transactions in relation to acquisition of an aggregate 76.55% equity interest in Zhejiang Jinhua 
Yongjin Expressway Co., Ltd. (the "Target Company").

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as given 
to them in the Announcement and the Circular.

As mentioned in the Circular, as at the Latest Practicable Date before the despatch of the Circular (i.e. 
May 3, 2013), the toll collection rights period of the Ningbo-Jinhua Expressway had not yet been finally 
approved by the relevant governmental authorities in the PRC. The board of directors of the Company (the 
"Board") hereby announces that on June 9, 2013, the Zhejiang Provincial Government has approved (the 
"Approval") that the toll collection rights period of the Jinhua Section of the Ningbo-Jinhua Expressway 
shall be 25 years.

Pursuant to the Approval, the 25 years of toll collection rights period of the Jinhua Section of the 
Ningbo-Jinhua Expressway shall start from December 28, 2005, being the time when the Jinhua Section of 
the Ningbo-Jinhua Expressway first commenced operations. The Acquisition Agreements provided that the 
consideration payable by the Company thereunder may be adjusted downward if the toll collection rights 
period of the Ningbo-Jinhua Expressway as finally determined was different from 25 years. Since the toll 
collection rights period of the Jinhua Section of the Ningbo-Jinhua Expressway as determined in the 
Approval is 25 years, no such adjustment to the consideration under the Acquisition Agreements will 
be made.

The Jinhua Section of the Ningbo-Jinhua Expressway is approximately 69.7km long, starting from the 
Baifengling Tunnel between Chengzhou City and Dongyang City and ending at Hongtangfan of 
Fucun Town, Jindong District of Jinhua City. The Jinhua Section of the Ningbo-Jinhua Expressway 
is owned and operated by the Target Company.

On March 20, 2013 the Company entered into the Acquisition Agreements to acquire an aggregate 76.55% 
equity interest in the Target Company. The Acquisitions constitute discloseable and connected 
transactions of the Company and are therefore subject to independent shareholders' 
consideration and approval at the 2012 annual general meeting of the Company (the "AGM") to be held on 
June 21, 2013. Please refer to the Circular for further details about the Acquisitions and the AGM.


                                                                       On behalf of the Board
                                                                    Zhejiang Expressway Co., Ltd.
                                                                            ZHAN Xiaozhang
                                                                               Chairman


Hangzhou, PRC, June 13, 2013.


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.