Clarification Announcement

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ZHEJIANG EXPRESSWAY CO., LTD.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 0576)

CLARIFICATION ANNOUNCEMENT

Reference is made to the announcement of Zhejiang Expressway Co., Ltd. (the "Company") dated 17 March 2016 (the "Announcement") in relation to the resignation of independent supervisor.

The Company would like to elaborate that Mr. Zhang Guohua is working with a State-owned commercial bank in the PRC and he decided to resign from his position as an independent supervisor of the Company due to other work arrangement.

The above clarification does not affect other information in the Announcement.

On behalf of the Board               
ZHEJIANG EXPRESSWAY CO., LTD.
Tony Zheng                   
Company Secretary                 

Hangzhou, the PRC, 18 March 2016

As of the date of this announcement, the executive directors of the Company are:
Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU Jianping; and the independent non-executive directors of the Company are: Mr. ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang Rosa.