Asphalt ageing induced by heat, oxidation and ultraviolet (UV) radiation was investigated using various laboratory simulation ageing methods and outdoor ageing. One normal 70 penetration asphalt and its styrene-butadiene-styrene (SBS) modified asphalt were employed to assess the changes in chemical and rheological properties by infrared spectroscopy and dynamic shear rheometer under various ageing conditions, thus the relationship among rolling thin-film oven(RTFO), pressurized ageing vessel (PAV) and UV radiation ageing was distinguished. Experimental results showed that photodegradation caused by outdoor exposure UV ageing of 50~200µm thin films for a month, was found to be the most severe, following by PAV and then RTFO with respects to rehological and chemical changes. Photodegradation effect decreased as the thickness of asphalt film increases. Dynamic shear tests indicated that polymer networks were gradually destroyed during ageing, but the aged SBS modified asphalts still displayed better rheological properties than the corresponding base asphalt. The weight percent of oxygen as carbonyl increased and of SBS as butadiene decreased after ageing based on infrared spectrums. However, chemical and rheological changes were not generally consistent, and ageing susceptibility may be ranked differently when different evaluation methods were used.