Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ANNOUNCEMENT UPDATE ON THE POSSIBLE SHARE BUY-BACK BY GENERAL OFFER PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

Reference is made to the Company's announcements dated 9 May 2014 and 9 June 2014 (the "Announcements") regarding, among other things, a possible delisting proposal with the exit cash offer to be made by the Company which may be made by share buy-backs by general offer (the "Possible Share Buy-back Offer"). Unless otherwise defined herein, all capitalized terms used herein shall have the same meanings as adopted in the Announcements.
The Board wishes to update shareholders on the progress of the Possible Share Buy-back Offer. The Company has appointed DTZ Debenham Tie Leung Limited as property valuer in relation to
the Possible Share Buy-back Offer. The Company continues to liaise with the relevant regulators
regarding the structure and regulatory perspectives of the Possible Share Buy-back Offer and to work with its advisory team on the preparatory steps in connection with the potential implementation of the Possible Share Buy-back Offer.
In compliance with Rule 3.7 of the Takeovers Code, monthly announcement(s) setting out the Company's progress in respect of the Possible Share Buy-back Offer will be made until announcement of a firm intention by the Company to implement the Possible Share Buy-back Offer and make an offer under Rule 3.5 of the Takeovers Code or of a decision by the Company not to proceed with the Possible Share Buy-back Offer is made. Further announcement(s) will be made by the Company as and when appropriate or as required in accordance with the Listing Rules and the HK Codes (as the case may be) on the status and progress in connection with the potential implementation of the Possible Share Buy-back Offer.

Shareholders of the Company and potential investors should take note that the Possible Share Buy-back Offer is only a potential viable option that the Board has decided to pursue and is still at a preliminary stage. Shareholders should note that there is no certainty or assurance whatsoever that the Possible Share Buy-back Offer will eventually be carried out as it is still being assessed internally with assistance of professional advisers and is subject to compliance by the Company with the applicable regulatory regimes and independent Shareholder approval, which may or may not lead to a share buyback by general offer.

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Hong Kong, 9 July 2014

As at the date hereof, the Board comprises:

On behalf of the Board

SCMP Group Limited David J. Pang

Chairman

Non-executive Directors

Dr. David J. Pang (Chairman), Mr. Roberto V. Ongpin (Deputy Chairman)
and Tan Sri Dr. Khoo Kay Peng

Independent Non-executive Directors

Dr. Fred Hu Zu Liu, Dr. the Hon. Sir David Li Kwok Po and Mr. Wong Kai Man

Executive Director

Ms. Kuok Hui Kwong

All the directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

* For identification purpose only

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