All personnel of Shanghai Airlines Co., Ltd and its board will ensure the realness, accuracy and integrity of this announcement contents, and take full responsibility towards the artificial records, misleading statements and important omissions of the announcement.

Tips of important contents:

The profit allocation method is to issue 0.3 yuan dividends (including tax) for every ten shares.

Before tax the cash dividends per share is 0.03 yuan; after tax the cash dividends per share is 0.027 yuan

Equities register deadline: 30th June, 2006

Excluding interest day: 3rd July, 2006

Cash dividends release day: 7th July, 2006

Hereby the announcement (is written).

Shanghai Airlines Co,. Ltd.

Board

27th June, 2006

(Translation: CARNOC - Tao Mengping)

Original address: http://news.carnoc.com/list/71/71049.html