Guangzhou Automobile Group (HKG:2238) preliminarily estimates that the consolidated profits attributable to equity holders of the company for the year ended 31 December 2011 may only achieve around 80-90% of the forecast level of the PRC Profit Forecast (the profit forecast for the year ended 31 December 2011 under China Account Standards for Business Enterprises and related implementation guidance notes) and the HK Profit Forecast (the forecast of the consolidated profit attributable to equity holders of the company for the year ended 31 December 2011 under Hong Kong Financial Reporting Standards).

The accurate figures relating to the actual profit of the group for the year ended 31 December 2011 are subject to the audit result by the external auditors of the company.