1. Zhejiang Expressway Co., Ltd. (HKEx: 576; LSE: ZHEH; ADR: ZHEXY) 5/F., No. 2, Mingzhu Int’l Business Center 199 Wuxing Road Hangzhou City Zhejiang Province, PRC, 310007 Website: www.zjec.com.cn Investor Relations Contact Zhejiang Expressway Co., Ltd. Mr. Tony Zheng (86) 571 8798 7700 zhenghui@zjec.com.cn Ms. Helen Wu (86) 571 8790 1966 huiru@zjec.com.cn Christensen Investor Relations Ms. Jung Chang (852) 2117 0861 jchang@christensenir.com Mr. Ricky Tan (852) 2232 3941 rtan@christensenir.com Zhejiang Expressway Co., Ltd. (HKEx: 576; LSE: ZHEH; ADR: ZHEXY) 5/F., No. 2, Mingzhu Int’l Business Center 199 Wuxing Road Hangzhou City Zhejiang Province, PRC, 310007 Website: www.zjec.com.cn Investor Relations Contact Zhejiang Expressway Co., Ltd. Mr. Tony Zheng (86) 571 8798 7700 zhenghui@zjec.com.cn Ms. Helen Wu (86) 571 8790 1966 huiru@zjec.com.cn Christensen Investor Relations Ms. Jung Chang (852) 2117 0861 jchang@christensenir.com Mr. Ricky Tan (852) 2232 3941 rtan@christensenir.com Financial Highlights Fiscal Year End Dec 31 __________________________________ Current Price (September 7, 2015)HK$8.11 __________________________________ 52-Week Range HK$7.50-HK$13.38 __________________________________ P/E (ttm)10.37(X) __________________________________ Market CapHK$35.35B __________________________________ 1H 2015 Revenue RMB 5,959M __________________________________ 1H 2015 Profit attributable to owners of the CompanyRMB 1,514M __________________________________ 1H 2015 EPSRMB 34.87cents __________________________________ 1H 2015 ROE8.7% __________________________________ Corporate Profile Established in 1997, Zhejiang Expressway Co., Ltd. is regarded by the Zhejiang Provincial Government to be its main enterprise for investment in and development, operation, maintenance and management of high-grade roads in Zhejiang Province. The Company and its subsidiaries (the “Group”) has concession rights to operate the 248km Shanghai-Hangzhou-Ningbo Expressway and the 142km Shangsan Expressway for a period of 30 years, and also the 70km Ningbo-Jinhua Expressway (Jinhua section) for a period of 25 years. The Group also carries out certain ancillary businesses such as restaurants, shops, and gas stations within service areas, billboard advertising at expressway interchanges, external road maintenance, as well as securities businesses across the country. The H Shares of the Company were listed on the Hong Kong Stock Exchange on May 15, 1997, and the Company subsequently obtained a secondary listing on the London Stock Exchange on May 5, 2000. On February 14, 2002, a Level I American Depositary Receipt program sponsored by the Company in respect of its H Shares was established in the United States. Market Review In the first half of 2015, China’s economy was stable. The national GDP exceeded expectations and grew by 7.0% year-on- year. Zhejiang’s economy steadily improved and its GDP increased by 8.3% year-on-year due to the initial success of its economic transformation and upgrade. Furthermore, the trading volume in securities markets in China increased 545.8% year-on-year during the Period. * Bureau of Statistics of Zhejiang Province

2. PRC government and Zhejiang Province continue to invest heavily in toll road and infrastructure According to figures released by the Ministry of Communications, investment in highway fixed assets amounted to RMB 803.6 billion as of July 2015, up 109.0% yoy. Zhejiang Province invested RMB 41.4 billion in highway fixed assets as of July 2015, up 111.9% yoy. Operating environment – steady growth in toll income boosted by improving economy In 1H 2015, traffic volume on the Group’s expressways continued to maintain organic growth thanks to steadily improved economy in Zhejiang. As a result, total toll income increased by 5.7% year-on-year to RMB2,230.83 million. Toll income from the Group’s major highway, the Shanghai-Hangzhou-Ningbo Expressway, increased by 3.7% year-on-year. Toll income from Shangsan and Ningbo-Jinhua Expressways, recorded 9.0% and 14.3% growth, respectively. Certain policies such as toll exemption for small passenger vehicles during major festivals and holidays continued to have adverse effects on the toll income. The Group will focus on enhancing its core toll road business by prudently investing in and acquiring high- quality road assets. Securities business – robust growth in brokerage commission income In 1H 2015, intensified competition and gradual relaxation of controls on commissions in the brokerage sector led to decrease of commission rates, which was offset by substantial increase in trading volume. The Group’s total operating income increased 227.3%, while brokerage commission income increased 232.3%. Zheshang Securities continued to actively develop innovating business, and work to improve and balance its income and profit structure. Its application for an initial public offering was approved in May 2013, and it remains on the waiting list for an IPO. Total Mileage of Expressways in Zhejiang Province Management Team Mr. Xiaozhang Zhan Chairman Re-appointed Chairman on July 1, 2015 Appointed Executive Director and General Manager on Mar 1, 2009 Senior economist; master’s degree from the Business Institute of Zhejiang University Has extensive experience working in Zhejiang Provincial Government Ms. Jianhu Luo Executive Director & General Manager Re-appointed Executive Director and General Manager on July 1, 2015 Graduated from the Department of Law of Hangzhou University, majored in Economic Law; a senior economist with a bachelor’s degree in law Held positions such as board secretary of Zhejiang Transportation Engineering Construction Group Co., Ltd., Secretary and Assistant to Director of the Secretarial Office to the Board, Deputy Director of the Legal Affairs Department, deputy director of the Secretarial Office to the board and the manager of the Investment and Development Department of Zhejiang Communications Investment Group Co., Ltd. Mr. Jingzhong Zhang Deputy General Manager Joined Zhejiang Provincial Political Science and Law Policy Research Unit in 1984 Served as Associate Director of Hangzhou Municipal Foreign Economic Law Firm from 1988 to 1994. In 1992, he obtained the qualifications required by the regulatory authorities in China to practice securities law Has been an Executive Director and Company Secretary of the Company since March 1997, and was appointed Deputy General Manager in March 2002. Currently also serves as Director at Shangsan Co., Development Co., and Vice Chairman at Zheshang Securities Mr. Dehua Wang Chief Financial Officer Appointed Chief Financial Officer in March 2014. Graduated from University of Hong Kong in 2007; holder of master’s degree in Economics Has been a Deputy General Manager of Zhejiang Communications Investment Group Co., Ltd. from 2011 to 2014 Mr. Tony Zheng Deputy General Manager and Company Secretary Appointed Company Secretary in March 2011 Continues to serve as Director of the Secretarial Office to the Board of the Company Graduated from University of California at Berkeley with Bachelor of Science in Civil Engineering km

3. Expressway Ownership (%) Length in Kilometres No. of Lanes No. of Toll Stations No. of Service Areas Start of Operation Remaining Years of Operation Shanghai-Hangzhou Expressway - Jiaxing section99.9995%88.1872199814 - Yuhang section51%11.1610 1995- 1998 14 - Hangzhou section100%3.4420199514 Hangzhou-Ningbo Expressway - Hangzhou to Hongken section100%16.0410199213 - Hongken to Duantang section100%124.0892199513 - Duantang to Dazhujia section100%5.0410199613 Shangsan Expressway73.625%142.04113200016 Jinhua section, Ningbo-Jinhua Expressway 100%69.7471200516 Results Highlights Six months ended June 30 (Rmb million)20152014% change Revenue5,9594,122 +44.6 Operating costs(3,386)(2,581) +31.2 Gross profit2,5741,541 +67.0 Profit before tax2,7701,678 +65.1 Profit for the period2,0601,247 +65.1 Profit attributable to Owners of the Company 1,5141,063+42.4 Basic EPS (cents)34.8724.49+42.4 Revenue Breakdown Six months ended June 30 (Rmb million)20152014% change Toll2,1562,041+5.6 Service areas8831,135 -22.1 Advertising business2249-54.6 Securities business2,862878+225.8 Others3619+87.4 Total5,9594,122+44.6 Financial Highlights Revenue (six months ended June 30) (RMB million) (Fu ll- trip ) Profit attributable to owners of the Company (six months ended June 30) (RMB million) Operational Highlights (Fu ll- trip ) Daily Traffic Volume of Ningbo-Jinhua Expressway, Jinhua Section Daily Traffic Volume of SHN Expressway Daily Traffic Volume of Shangsan Expressway