Further Delay in Despatch of Circular

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilityfor the contents of this announcement, make no representation as to its accuracy or completeness andexpressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the wholeor 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) FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISCLOSEABLE AND CONNECTED TRANSACTIONS Reference are made to the announcements of Zhejiang Expressway Co., Ltd. (the "Company") dated 20 March 2013and 12 April 2013 (the "Announcements") in relation to proposed acquisitions of an aggregate 76.55% equityinterest in Zhejiang Jinhua Yongjin Expressway Co., Ltd., which constitute discloseable and connected transactionsfor the Company under the Listing Rules.

Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in theAnnouncements.

As stated in the Announcements, the Company expected to despatch a circular (the "Circular") containing, amongother things, (i) details of the Acquisitions, (ii) a letter from the Independent Board Committee to theIndependent Shareholders regarding the Acquisitions, (iii) a letter of advice from the independent financialadviser to the Independent Board Committee and the Independent Shareholders regarding the Acquisitions,and (iv) a notice of general meeting, to the Shareholders on or before 30 April 2013. As additional time is required for the Company to prepare and finalise the information to be contained in theCircular, the despatch date of the Circular is expected to be further delayed to a date falling on or before14 May 2013. On behalf of the Board ZHEJIANG EXPRESSWAY CO., LTD. ZHAN Xiaozhang Chairman Hangzhou, PRC, 30 April 2013 As of the date of this announcement, the executive directors of the Company are: Mr. ZHAN Xiaozhang, Ms. LUOJianhu and Mr. DING Huikang; the non-executive directors of the Company are: Mr. LI Zongsheng, Mr. WANG Weili andMr. WANG Dongjie; and the independent non-executive directors of the Company are: Mr. ZHANG Junsheng, Mr. ZHOU Junand Mr. PEI Ker-Wei.