Semiconductor Manufacturing International Corporation

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In US$ thousands)

June 30, 2013

March 31, 2013

(Unaudited)

(Unaudited)

Cash flow from operating activities

Profit for the period

75,330

40,512

Depreciation and amortization

135,712

135,752

Share of profits of associates

(777)

(446)

Changes in working capital and others

(101,905)

(21,180)

Net cash generated from operating activities

108,360

154,638

Cash flow from investing activities:

Payments for property, plant and equipment

(188,008)

(123,132)

Payments for intangible assets

(14,914)

(14,580)

Payments for land use right

(61,391)

-

Proceeds from (payment for) disposal of property, plant and equipment and
      intangible assets

7,553

(8,416)

Changes in restricted cash relating to investing activities

(12,721)

46,388

Payments to acquire financial assets

(2,852)

(1,527)

Proceeds on sale of financial assets

1,215

18,966

Proceeds from disposal of subsidiary

28,639

-

Others

(80)

(327)

Net cash used in investing activities

(242,559)

(82,628)

Cash flow from financing activities:

Proceeds from borrowings

306,939

55,675

Repayment of borrowings

(189,323)

(193,745)

Repayment of promissory notes

(15,000)

-

Proceeds from exercise of employee stock options

1,551

567

Net cash generated from (used in) financing activities

104,167

(137,503)

Effects of exchange rate changes on the balance of cash held in foreign
currencies

55

(65)

N et decrease in cash and cash equivalents

(29,977)

(65,558)

C ash and bank balances, beginning of period

292,932

358,490

C ash and bank balances, end of period

262,955

292,932