10:10     SHANGHAI ELECTRIC GROUP COMPANY LIMITED<02727> - Ann. (3)           

    Application Forms which are either not available for                      
    personal collection, or which are so available but                        
    are not collected in person, will be dispatched by                        
    ordinary post to the addresses specified in their                         
    Application Forms at their own risk on Wednesday, 27                      
    April 2005.                                                               
                                                                              
    *       Share certificates for Hong Kong Offer Shares                     
    allocated to wholly or partially successful                               
    applicants using YELLOW Application Forms or by                           
    giving electronic application instructions to HKSCC                       
    will be issued in the name of HKSCC Nominees Limited                      
    and deposited directly into CCASS for credit to their                     
    CCASS Investor Participants' stock accounts or their                      
    designated CCASS Participants' stock accounts at the                      
    close of business on Wednesday, 27 April 2005 or in                       
    the event of a contingency, on any other date as shall                    
    be determined by HKSCC or HKSCC Nominees Limited.                         
                                                                              
    *       Refund monies will be made in respect of wholly                   
    or partially unsuccessful applications. Refund                            
    monies for applicants applying by giving electronic                       
    application instructions to HKSCC is expected to be                       
    credited to the designated bank accounts of the                           
    relevant CCASS Participants on Wednesday, 27 April                        
    2005. Wholly or partially successful applicants who                       
    have applied for 1,000,000 Hong Kong Offer Shares or                      
    more under the Hong Kong Public Offering using WHITE                      
    or YELLOW Application Forms and who have indicated                        
    in their Application Forms that they wish to collect                      
    refund cheques in person may do so from the H Share                       
    Registrar, Computershare Hong Kong Investor Services                      
    Limited at Shops 1712-1716, 17th Floor, Hopewell                          
    Centre, 183 Queen's Road East, Wan Chai, Hong Kong                        
    from 9:00 a.m. to 1:00 p.m. on Wednesday, 27 April                        
    2005. Refund cheques which are either not available                       
    for personal collection, or which are so available                        
    but are not collected in person, will be dispatched                       
    by ordinary post to the addresses specified in their                      
    Application Forms at their own risk on Wednesday, 27                      
    April 2005.                                                               
                                                                              
    *       Dealings in the H Shares on the Stock Exchange are                
    expected to commence at 9:30 a.m. on Thursday, 28                         
    April 2005.                                                               
                                                                              
    OFFER PRICE                                                               
    The Offer Price has been determined at HK$1.70 per                        
    Hong Kong Offer Share (excluding brokerage of 1%, SFC                     
    transaction levy of 0.005%, investor compensation                         
    levy of 0.002%, and Stock Exchange trading fee of                         
    0.005%).                                                                  
                                                                              
    APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED                         
    The Directors announce that at the close of the                           
    application lists at 12:00 noon on Thursday, 21 April                     
    2005, a total of 10,651 valid applications (including                     
    electronic application instructions given to HKSCC)                       
    had been received pursuant to the Hong Kong Public                        
    Offering for a total of 3,480,698,000 Hong Kong Offer                     
    Shares, equivalent to approximately 11.71 times of                        
    the total number of 297,292,000 H Shares initially                        
    available for subscription under the Hong Kong Public                     
    Offering (before exercise of the Over-allotment                           
    Option).                                                                  
                                                                              
    Of the 10,651 valid applications on WHITE and YELLOW                      
    Application Forms and by giving electronic                                
    application instructions to HKSCC for a total of                          
    3,480,698,000 Hong Kong Offer Shares:                                     
                                                                              
    *       10,392 valid applications in respect of a total                   
    of 1,776,198,000 Hong Kong Offer Shares were for Hong                     
    Kong Offer Shares with an aggregate