IFA's Advice on Term of the Franchising Contract

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                       DATANG INTERNATIONAL POWER GENERATION CO., LTD.

(a sino-foreign joint stock limited company incorporated in the People's Republic of China)


                                 (Stock Code: 00991) 

                                    ANNOUNCEMENT

                       INDEPENDENT FINANCIAL ADVISER'S ADVICE

                         ON TERM OF THE FRANCHISING CONTRACT

BACKGROUND


Reference is made to the announcement of Datang International Power Generation Co., Ltd. 
(the "Company") dated 22 January 2015 (the "Announcement") in relation to, among other 
things, the Franchising Contract. Unless otherwise defined herein, capitalised terms used 
in this announcement shall have the same meanings as those defined in the Announcement.


As set out in the Announcement, since the Denitrification Assets are the supporting and 
ancillary facilities of the coal-fired power generating units, the franchise period of 
the Denitrification Assets is the same as the operating periods of their corresponding 
power generating facilities, which is expected to exceed three years.


Pursuant to Rule 14A.52 of the Listing Rules, the period for the agreement of continuing 
connected transaction shall not exceed three years except in special circumstances where 
the nature of the transaction requires a longer period. In such case, the Company must 
appoint an independent financial adviser to explain why the agreement requires a longer 
period and to confirm that it is normal business practice for agreements of this type 
to be of such duration. The Board, accordingly, has appointed Quam Capital Limited 
("Quam Capital") as the independent financial adviser to provide advice in relation to 
the franchise period of the Denitrification Assets under the Franchising Contract.


OPINION OF INDEPENDENT FINANCIAL ADVISER


Quam Capital opines that as the Denitrification Assets are the supporting and ancillary 
facilities of the coal-fired power generating units, and the denitrification facilities  
will operate with the coal-fired power  generating  units  to achieve flue  gas  
denitrification, it is necessary to operate the denitrification facilities in  order  
to ensure flue  gas emission from the coal-fired power  generating  units  to  meet  
the  requirements on environmental protection. As such, it is reasonable that the franchise 
period of the Denitrification Assets under the Franchising Contract is the same as the 
operating periods of their corresponding power generating facilities.

In addition, Quam Capital has also reviewed an announcement of a listed company on the 
Stock Exchange other than the Company which is engaged in the investment, development, 
operation and management of power plants and coal mines in the PRC, and noted that it has 
also entered into contracts with its connected person in relation to provision of, among 
other things, services to ensure satisfaction of various national emission standards by the 
engaged party. The duration of such services is also more than three years.


Having considered the principal factors and reasons described above, Quam Capital considers 
that the duration of the Franchising Contract is justifiable and it is normal business practice 
for contract of this type.

                                                                     By Order of the Board
                                                                            Zhou Gang
                                                                     Secretary to the Board



Beijing, the PRC, 29 January 2015


As at the date of this announcement, the Directors of the Company are:


Chen Jinhang, Hu Shengmu, Wu Jing, Liang Yongpan, Zhou Gang, Cao Xin, 
Cai Shuwen, Liu Haixia, Guan Tiangang,  Yang Wenchun, 
Dong Heyi*, Ye Yansheng*, Zhao Jie*, Jiang Guohua*, Feng Genfu*


* Independent non-executive Directors