Semiconductor Manufacturing International Corporation

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(In $US thousands)

September 30, 2013

June 30, 2013

(Unaudited)

(Unaudited)

Cash flow from operating activities

Profit for the period

42,940

75,330

Depreciation and amortization

136,725

135,712

Share of profits of associates

(551)

(777)

Changes in working capital and others

90,467

(101,905)

Net cash from operating activities

269,581

108,360

Cash flow from investing activities:

Payments for property, plant and equipment

(255,561)

(188,008)

Payments for intangible assets

(9,414)

(14,914)

Payments for land use right

-

(61,391)

Proceeds from disposal of property, plant and equipment and intangible

assets

15,140

7,553

Changes in restricted cash relating to investing activities

7,305

(12,721)

Payments to acquire financial assets

(5,225)

(2,852)

Proceeds on sale of financial assets

5,518

1,215

Proceeds from disposal of subsidiary

29,104

28,639

Others

-

(80)

Net cash used in investing activities

(213,133)

(242,559)

Cash flow from financing activities:

Proceeds from borrowings

434,170

306,939

Repayment of borrowings

(388,671)

(189,323)

Repayment of promissory notes

-

(15,000)

Proceeds from exercise of employee stock options

546

1,551

Proceeds from non-controlling interests

108,000

-

Net cash from financing activities

154,045

104,167

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

currencies

59

55

N et increase (decrease) in cash and bank balances

210,552

(29,977)

C ash and bank balances, beginning of period

262,955

292,932

C ash and bank balances, end of period

473,507

262,955