COSCO SHIPPING Development Co., Ltd. — Capital/Financing Update 2007

Jun 26, 2007

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [307 x 88] intentionally omitted <==

(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2866)

ANNOUNCEMENT

PRICE-SENSITIVE INFORMATION, ISSUE OF DEBT SECURITIES AND LISTING ON OVERSEAS EXCHANGE OR SECURITIES MARKET

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Reference is made to the announcements dated 26 March 2007 and 11 June 2007 of China Shipping Container Lines Company Limited (the “Company”). The domestic corporate bonds (the “Bonds”) in the aggregate principal amount of RMB1.8 billion (equivalent to approximately HK$1.8 billion) issued by the Company are expected to be listed (“Listing”) on the inter-bank bond market of the People’s Republic of China (the “PRC”) (excluding the Hong Kong Special Administrative Region of the PRC, the Macau Special Administrative Region of the PRC and Taiwan) on 26 June 2007.

In addition, the Company has determined the following additional key information in relation to the Bonds:

1. Coupon rate

The fixed interest rate of the Bonds (being 4.51% per annum as disclosed in the Company’s said announcement dated 11 June 2007) was determined based on the Shanghai Interbank Offered Rate (the “Shibor”) of approximately 3.41%, the arithmetic average of the one-year Shibor announced by the National Interbank Funding Center at the Shibor’s website five working days prior to the first date of offer of the Bonds, plus a basic interest margin of 1.10%.

1. Bond number

078019

1. Date of registration of 20 June 2007 the Bonds

2. Date of cessation of 7 June 2017 Listing of the Bonds

1

For further details, please refer to the website of China Government Securities Depository Tr u s t & C l e a r i n g C o . , L t d . a t : h t t p : / / w w w. c h i n a b o n d . c o m . c n / c b / c n / f x s s / info_detail.jsp?info_id=1182758791100&info_type=CMS.STD&cateId=1164093432100.

By order of the board of directors China Shipping Container Lines Company Limited Ye Yumang Company Secretary

Shanghai, the People’s Republic of China 25 June 2007

The Board as at the date of this announcement comprises of Mr. Li Shaode, Mr. Jia Hongxiang, Mr. Huang Xiaowen and Mr. Zhao Hongzhou, being executive directors, Mr. Zhang Jianhua, Mr. Wang Daxiong, Mr. Zhang Guofa, Mr. Yao Zuozhi and Mr. Xu Hui, being non-executive directors, and Mr. Hu Hanxiang, Mr. Gu Nianzu, Mr. Wang Zongxi and Mr. Lam Siu Wai, Steven, being independent nonexecutive directors.

Note : The exchange rate adopted in this announcement for illustration purposes only is HK$1.00=RMB1.00.

• The Company is registered as an oversea company under Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) under its Chinese name and the English name “China Shipping Container Lines Company Limited”.

2