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.

中國中鐵股份有限公司 RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached “Announcement of Group Limited on Winning of Bids for Material Projects” published by China Railway Group Limited on the Shanghai Stock Exchange website on 17 July 2017 for your information.

By Order of the Board China Railway Group Limited LI Changjin Chairman

17 July 2017

As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman), ZHANG Zongyan, ZHOU Mengbo and ZHANG Xian; the independent non- executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and CHUNG Shui Ming Timpson; and the non-executive director is MA Zonglin. A Shares Stock Name: China Railway A Shares Stock Code: 601390 Announcement No.: H Shares Stock Name: China Railway H Shares Stock Code: 00390 Lin 2017-033

Announcement of China Railway Group Limited on Winning of Bids for Material Projects

The board of directors of China Railway Group Limited (the “Company”) and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liabilities for the truthfulness, accuracy and completeness of the contents.

The Company has recently won the bids for the following material projects:

I. Domestic Material Projects Currency: RMB Contractual Serial Company Winning Bid Amount Bidding Projects Project No. the Bid (RMB10,000) Duration Railway Projects China Railway No. 2 EPC contract of Engineering Group before-station (including Co., Ltd. part of post-station) China Railway No. 3 construction of Section 1 Engineering Group ZPZQ-I, Section VI and 646,771 1,460 days Co., Ltd. Section VIII of China Railway No. 7 Zhengzhou-Puyang Engineering Group Segment of the new Co., Ltd. Zhengzhou-Jinan Railway China Railway No. 1 Before-station construction Engineering Group project of Section Co., Ltd. DHZQ-3, Section DHZQ-4 China Railway No. 2 2 and Section DHZQ-8 of 510,238 48 months Engineering Group the east loop line of the Co., Ltd. hub of the new Chongqing China Railway Tunnel Railway Group Co., Ltd. Construction project of station house, canopy and China Railway ancillary works of Qinghe 3 Construction 228,662 30 months Station of the new Engineering Group Beijing-Zhangjiakou Railway China Railway No. 3 Construction project of 4 Engineering Group comprehensive 157,720 18 months Co., Ltd. transportation hub of China Railway Chifeng West Railway Construction Station Engineering Group Construction project of Wuhan Railway E&M system integration of 611 calendar 5 Electrification Bureau Section MSZH-1 of the 108,247 days Group Co., Ltd new Meizhou-Chaoshan Railway Laying and erecting project of Section PJS of A Fu Segment of China Railway No. 1 before-station costruction 6 Engineering Group 92,325 751 days of Fuzhun Segment of the Co., Ltd. new Altay-Fuyun-Zhundong Railway EPC contract of post-station E&M system China Railway integration and ancillary 7 Construction 83,898 7 months works of the expansion of Engineering Group the operation depot in Guiyang North Underline engineering construction project of China Railway Beijing Section JSTG-03 of 8 Engineering Group 62,203 18 months Jingbian-Shenmu Co., Ltd. Consolidated Transportation Railway

Highway Projects

Construction project of expansion of Section No.1 China Railway No. 8 of Jiuzhou elevated lines 9 Engineering Group 123,800 24 months (Phase 2) (high-speed Co., Ltd. reconstruction project of Hongdu Avenue) Construction project of China Railway Major Section TJ3 of Highway of 10 Bridge Engineering 88,288 18 months Chengdu Tianfu Group Co., Ltd. International Airport High-speed reconstruction China Railway No. 4 project of Section No.2 of 11 Engineering Group 84,124 604 days Hongshan Road-Heyan Co., Ltd. Road in Nanjing Civil construction project of Section No.1 of Highway China Railway No. 4 of Chaoshan loop line in 12 Engineering Group 80,324 - Guangdong (Phase 2) Co., Ltd. (including Chaoshan connect line) Civil construction project of China Railway No. 7 Section No.8 of 914 calendar 13 Engineering Group 63,414 Pingliang-Tianshui Road in days Co., Ltd. Gansu EPC contract of construction of Section D China Railway Major of rural highway of 14 Bridge Engineering 57,367 549 days Xietongmen County, Group Co., Ltd. Shigatse City, Tibet Autonomous Region Construction project of China Railway No. 1 Section No.F of 15 Engineering Group Hechi-Baise Highway in 51,979 14 months Co., Ltd. Guangxi Zhuang Autonomous Region

Municipal Works and Other Projects

EPC contract of construction of Section No.6 of Eastern River No.1 China Railway No. 4 to No.3 Shantytowns in the 795 calendar 16 Engineering Group economic comprehensive 146,248 days Co., Ltd. pilot of Zhengzhou Airports (Zhengzhou Xinzheng comprehensive bonded zone) Construction project of and China Railway No. 1 Section No.2 of parking lot 869 calendar 17 Engineering Group and depot of 122,237 days Co., Ltd. Zhengzhou Rail Transit No.5 EPC contract of civil China Railway Beijing construction of Section 955 calendar 18 Engineering Group 87,511 No.6 of Hefei Rail Transit days Co., Ltd. No.5 China Railway No. 4 Civil construction project of 1,301 19 Engineering Group Section No.10 of 71,251 calendar days Co., Ltd. Zhengzhou Rail Transit No.4 Construction project of China Railway No. 8 placement houses of 730 calendar 20 Engineering Group Heilongtan International 63,710 days Co., Ltd. Eco-tourism Resort in Sichuan Construction project of China Railway No. 1 Section GD04TJSG-04 of 21 Engineering Group 60,370 943 days Metro Line No.4 Co., Ltd. (Phase 1) China Railway Pension project of Tianjin 22 Construction Airport Economic Area of 59,700 729 days Engineering Group China Life China Railway No. 4 Civil construction project of 23 Engineering Group Wuxi Metro Line No.4 56,379 1,095 days Co., Ltd. (Phase 1) Winning the bid on China Railway construction of electronic 24 Electrification Bureau power supply system 51,954 1,041 days Group Co., Ltd. integration of Line No.9 (Phase 1)

II. Overseas Material Projects

Equivalent Contractual Serial Company Bid Amount in Bidding Projects Project No. Winning the Bid Amount RMB Duration (RMB10,000) New construction China Railway project of Chinese 1 Construction - 36,884 40 months Embassy in Engineering Group Kazakhstan Construction China Railway No. project of 76km 2 7 Engineering - 31,056 - road of Abobo in Group Co., Ltd. Ethiopia Road upgrading 887,759,65 China Railway No. and reconstruction 1.45 3 3 Engineering project of Pawi 27,596 1,095 days Ethiopian Group Co., Ltd. Junction-Renaissa Birr nce Dam(Guba) Turnkey contract China Railway of 213 sets of 4,387,180,9 4 Construction 27,211 33 months commercial 65.95 Dinar Engineering Group housing in Hussein dey

Construction China Railway project of 5 International municipal roads of - 21,182 - Group Kayes, Mali in West Africa Reconstruction China Railway and Extension of 729 calendar 6 Construction teaching hospital - 18,601 days Engineering Group of Juba in South Sudan

The above bids amounted to approximately RMB 33,212.50 million in aggregate, representing approximately 5.16% of the operating revenue of the Company in 2016 prepared under the China Accounting Standards.

Notice is hereby given. The Board of Directors of China Railway Group Limited 18 July 2017