SHANXI XISHAN COAL AND ELECTRICITY POWER CO.,LTD (000983)

Projected Profit Up 250%

According to preliminary data, the company's net profit for 2008 is estimated to have increased by between 200% and 250%. Its net profit was RMB 1,051,464,912 and EPS was RMB 0.868 for 2007.

The increase is mainly attributable to the price hike in coal products.

The company has alloted five bonus shares and five dividend shares from its capital reserve for every 10 shares held. The distribution will dilute the company's earnings for 2008.

Board of Directors
28 Oct 2008


Source: Securities Times

Date: 28 Oct 2008

CN01/ZZ/SW/NK/KM


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