Notice of AGM, Proxy Form and Reply Slip

Zhejiang Expressway Co., Ltd.                         
 (A joint stock limited company incorporated in the People's Republic of China 
                            with limited liability)                            
                              (Stock Code: 0576)                               

                     NOTICE of 2007 ANNUAL GENERAL MEETING                     

    NOTICE IS HEREBY GIVEN THAT the 2007 annual general meeting (the "AGM") of
Zhejiang Expressway Co., Ltd. (the "Company") will be held at 9:00 a.m. on
Thursday, May 15, 2008 at 12/F, Block A, Dragon Century Plaza, 1 Hangda Road,
Hangzhou, Zhejiang Province, 310007, the People's Republic of China (the
"PRC").

    For details of the meeting, the proxy form and the reply slip, please refer to:
http://xprnnews.xfn.info/ZhejiangExpressway/20080314/HK087851.htm .