10:12     SHANGHAI ELECTRIC GROUP COMPANY LIMITED<02727> - Ann. (7)           

    System or the CCASS Internet System on Wednesday, 27                      
    April 2005.                                                               
                                                                              
    DEPOSIT OF SHARE CERTIFICATES INTO CCASS                                  
    Applicants using YELLOW Application Forms or applying                     
    by giving electronic application instructions to                          
    HKSCC should check the result of Hong Kong Public                         
    Offering published herein (applicants applying by                         
    giving electronic application instructions to HKSCC                       
    can also check the results of their applications via                      
    the CCASS Terminals, CCASS Phone System and CCASS                         
    Internet System, where appropriate) and report any                        
    discrepancies to HKSCC before 5:00 p.m. on Wednesday,                     
    27 April 2005 or such other date as shall be determined                   
    by HKSCC or HKSCC Nominees Limited.                                       
                                                                              
    For those wholly or partially successful applicants                       
    using YELLOW Application Forms or applying by giving                      
    electronic application instructions to HKSCC who are                      
    allotted Hong Kong Offer Shares in the name of HKSCC                      
    Nominees Limited, the allotted Hong Kong Offer Shares                     
    will be deposited directly into CCASS for credit to                       
    their CCASS Investor Participants' stock account or                       
    the stock account of their designated CCASS                               
    Participants 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.                                                         
                                                                              
    Applicants applying (whether using YELLOW                                 
    Application Forms or by way of giving electronic                          
    application instructions to HKSCC) through their                          
    designated CCASS Participants (other than CCASS                           
    Investor Participants) can arrange with their                             
    designated CCASS Participants to advise them of the                       
    number of Hong Kong Offer Shares allotted under their                     
    applications. For CCASS Investor Participants, they                       
    can also check their new account balance via the CCASS                    
    Phone System and CCASS Internet System immediately                        
    after the credit of the Hong Kong Offer Shares to their                   
    stock account. HKSCC will also make available to such                     
    applicants activity statements showing the number of                      
    Hong Kong Offer Shares credited to their CCASS                            
    Investor Participant stock accounts.                                      
                                                                              
    PUBLIC FLOAT                                                              
    Immediately after the completion of the Global                            
    Offering, approximately 23.75% (assuming the                              
    Over-allotment Option is not exercised) of the                            
    Company's issued share capital will be held by the                        
    public. This percentage will satisfy the minimum                          
    percentage of public float which the Stock Exchange                       
    has exercised its discretion under Rule 8.08(1)(d)                        
    of the Hong Kong Listing Rules to accept in this case.                    
                                                                              
    COMMENCEMENT OF DEALINGS                                                  
    Dealings in the H Shares on the Stock Exchange are                        
    expected to commence at 9:30 a.m. on Thursday, 28                         
    April 2005.                                                               
                                                                              
                                                                              
    By order of the Board                                                     
    Shanghai Electric Group Company Limited                                   
    Wang Chengming                                                            
    Chairman                                                                  
                                                                              
    Hong Kong, Wednesday, 27 April 2005                                       
                                                                              
    As at the date of this announcement, the executive                        
    directors of the Company are Mr. WANG Chengming, Mr.                      
    CHEN Longxing, Mr. HUANG Dinan, Mr. HAN Guozhang, Mr.                     
    WANG Qiang, Ms. LI Manping, Mr. YU Yingui, the