Change of Registered Address

Zhejiang Expressway Co., Ltd.                         

 (A joint stock limited company incorporated in the People's Republic of China 
                            with limited liability)                            

                              (Stock Code: 0576)                               

                         CHANGE OF REGISTERED ADDRESS                          

This announcement is made pursuant to rule 13.51(5) of the Rules Governing the
Listing of Securities on the Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of Zhejiang Expressway Co., Ltd. (the
"Company") announces that the registered address of the Company has been
changed from 19/F, Zhejiang World Trade Centre, 122 Shuguang Road, Hangzhou
City, Zhejiang Province, the People's Republic of China (the "PRC") to 12/F,
Block A, Dragon Century Plaza, 1 Hangda Road, Hangzhou City, Zhejiang Province,
the PRC.

                                                By Order of the Board          
                                                   Zhang Jingzhong             
                                                  Company Secretary            

Hangzhou, the PRC, 16th August 2006

As at the date of this announcement, the executive directors of the Company are
Messrs. Geng Xiaoping, Fang Yunti, Zhang Jingzhong and Jiang Wenyao; the
non-executive directors of the Company are Messrs. Zhang Luyun and Zhang Yang;
and the independent non-executive directors of the Company are Messrs. Tung
Chee Chen, Zhang Junsheng and Zhang Liping.