China COSCO Holdings Company Limited *

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1 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. * (a joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock code: 1919) OVERSEAS REGULATORY ANNOUNCEMENT This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Announcement In Relation to The Provision of Guarantees for Subsidiary as published in Chinese on the website of the Shanghai Stock Exchange ( on 16 March 2015 is enclosed hereto as overseas regulatory announcement. Beijing, the People s Republic of China 16 March 2015 By Order of the Board Guo Huawei Company Secretary As at the date of this announcement, the directors of the Company are Mr. MA Zehua 2 (Chairman), Mr. LI Yunpeng 1 (Vice Chairman), Ms. SUN Yueying 2, Mr. SUN Jiakang 1, Mr. YE Weilong 1, Mr. WANG Yuhang 2, Mr. JIANG Lijun 1 (President), Dr. FAN HSU Lai Tai, Rita 3, Mr. KWONG Che Keung, Gordon 3, Mr. Peter Guy BOWIE 3 and Mr. YANG, Liang Yee Philip 3. 1 Executive director 2 Non-executive director 3 Independent non-executive director * For identification purpose only 1

2 Stock Code: Stock Abbreviation: China COSCO Announcement No.: Lin ANNOUNCEMENT IN RELATION TO THE PROVISION OF GUARANTEES FOR SUBSIDIARY The Board and all directors of the Company warrant that this announcement does not contain any misrepresentations, misleading statements or material omissions. The directors of the Company severally and jointly take responsibility as to the truthfulness, accuracy and completeness of the content of this announcement. IMPORTANT INFORMATION: Name of the guaranteed party: COSCO Container Lines Co., Ltd. ( ) Amount of the guarantees provided this time and guarantees previously provided: The amount of the guarantees provided this time is US$400 million. The aggregate amount of guarantees provided by the Company for COSCO Container Lines Co., Ltd. (including the guarantees provided this time) is US$400 million. Provision of counter-guarantees: Nil Aggregate amount of overdue external guarantees provided by the Company: Nil I. SUMMARY OF THE GUARANTEES ( China COSCO or the Company ) provided guarantees (the Guarantees ) for COSCO Container Lines Co., Ltd. ( COSCON ), a wholly-owned subsidiary of the Company, to secure two working capital loans of COSCON in the total amount of US$400 million (US$200 million for each loan), granted by China Development Bank Corporation ( ). The loans were intended to supplement the foreign currency working capital of the borrower, which would be mainly used to pay ship fuel charge, port miscellaneous fees and other production and operating expenses. The term of the loans commenced from 18 March 2015 to 16 March 2018 and 14 April 2015 to 13 April 2018, respectively. The Guarantees have a term of two years commencing from the maturity date of each loan under the master contract. As considered and approved at the 25th meeting of the third session of the board of directors (the Board ) and the first extraordinary general meeting of 2014 of 2

3 the Company, a provision of external guarantees mandate of no more than US$1 billion was granted to China COSCO. The Guarantees as announced in this announcement fall within the aforesaid limit. After the provision of guarantees by China COSCO for COSCON, the aforesaid unused external guarantee amount is US$125 million. II. BASIC INFORMATION OF THE GUARANTEED PARTY 1. Name of the guaranteed party: COSCO Container Lines Co., Ltd. 2. Place of registration: Room A-428, Lingang Management Service Center, 188 YeSheng Road, China (Shanghai) Pilot Free Trade Zone 3. Legal representative: Ye Weilong ( ) 4. Registered capital: RMB11,088,763, Scope of business: International and domestic marine container shipping, arranging cargo space booking, vessel chartering, vessel sale and purchase, marine supplies, spare parts, boarding, supply of fuels and other ocean shipping related activities as well as onshore business, domestic coastal freightage and freight forwarding, communication service, crew outsourcing business, storage and multimodal transport of goods, opening of shipping business between mainland China s ports and Hong Kong and Macau, general cargo vessel and container feeder liner transport along domestic coasts, middle and lower reaches of Yangtze River and Pearl River Delta; import and export business of cargo and technology; E-commerce (excluding value-added telecommunication and financial businesses); business consultation (excluding brokerage) (The businesses subject to permission by relevant authorities are operated under permits.) 6. Financial conditions: As of 31 December 2013, COSCON recorded a total asset of RMB 57,079,328,339.43, a total liability of RMB50,923,656, (including a total bank loans of RMB34,633,261, and a total current liability of RMB20,579,154,193.44) and a net asset of RMB6,155,671, For 2013, COSCON realized an operating income of RMB42,535,241, and a net profit of RMB-1,386,995, As of 30 September 2014, COSCON recorded a total asset of RMB 57,108,042,656.92, a total liability of RMB50,854,731, (including a total 3

4 bank loans of RMB34,963,676, and a total current liability of RMB19,206,697,722.64) and a net asset of RMB6,253,310, For the period from January to September 2014, COSCON realized an operating income of RMB35,054,347, and a net profit of RMB63,551, Relationship with the listed company: COSCON is a wholly-owned subsidiary of the Company. The Company holds 100% equity interest in COSCON. III. PRINCIPAL TERMS OF THE GUARANTEE AGREEMENT COSCON have secured two working capital loans in the total amount of US$400 million (US$200 million for each loan) from China Development Bank Corporation. The loans were intended to supplement the foreign currency working capital of the borrower, which would be mainly used to pay ship fuel charge, port miscellaneous fees and other production and operating expenses. The term of the loans commenced from 18 March 2015 to 16 March 2018 and from 14 April 2015 to 13 April 2018, respectively. The Company provided guarantees for the two working capital loans mentioned above in favor of China Development Bank Corporation, with a term of two years commencing from the maturity date of each loan under the master contract. IV. OPINION OF THE BOARD The approved guarantee amount of the Company for 2014 is US$1 billion, which has been approved by the general manager meeting, the 25th meeting of the third session of the Board and the first extraordinary general meeting of 2014 of China COSCO. The Board is of the opinion that the provision of guarantees by China COSCO for wholly-owned subsidiaries of the Company such as COSCON and its controlled subsidiaries to secure working capitals loans can effectively control and prevent risks. The decision-making process of the Board was in compliance with the procedures as required by the relevant laws and the articles of association of the Company. V. THE AGGREGATE AMOUNT OF EXTERNAL GUARANTEES AND THE AGGREGATE AMOUNT OF OVERDUE GUARANTEES PROVIDED BY THE COMPANY As of the date of this announcement, the total amount of external guarantees provided by the Company and its controlled subsidiaries is RMB billion (unaudited), while the total amount of guarantees provided by the Company for its controlled subsidiaries is RMB billion (unaudited). The Company has no overdue guarantee. 4

5 VI. DOCUMENTS AVAILABLE FOR INSPECTION 1. resolutions passed at the 25th meeting of the third session of the Board; 2. resolutions passed at the first extraordinary general meeting of 2014 of China COSCO; and 3. a copy of the business license of COSCON. Notice is hereby given. 16 March