China Development Bank Intrntnl Invstmnt : VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE - FACILITY AGREEMENT

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CHINA DEVELOPMENT BANK INTERNATIONAL INVESTMENT LIMITED 國開國際投資有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1062) VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE - FACILITY AGREEMENT

This announcement is made by China Development Bank International Investment Limited (the "Company") on a voluntary basis.

The board of directors (the "Board" or "Directors") of the Company is pleased to announce the Company has entered into an uncommitted revolving loan facility agreement (the "Facility Agreement") with China Minsheng Banking Corp., Ltd., Hong Kong Branch ("CMBC HK") with CMBC HK as lender and the Company as borrower, pursuant to which CMBC HK will provide an uncommitted revolving loan facility to the Company in the amount of up to USD100,000,000 (the "Loan"). The principal terms of the Facility Agreement are set out as follows:

THE FACILITY AGREEMENT

Date: 3 April 2017

Lender: CMBC HK

Borrower: the Company

Principal Amount: USD100,000,000 or its equivalent in HKD or RMB

Interest Rate: (i) If the drawdowns are denominated in USD, the interest rate of each drawdown shall be charged at Libor (in relation to the Loan, the London interbank offered rate as determined in the manner set out in the Facility Agreement) plus 1.5% per annum for the whole period of the loan;

1. If the drawdowns are denominated in HKD, the interest rate of each drawdown shall be charged at Hibor (in relation to the Loan, the Hong Kong interbank offered rate as determined in the manner set out in the Facility Agreement) plus 1.5% per annum for the whole period of the loan;

2. If the drawdowns are denominated in RMB, the interest rate of each drawdown shall be determined on a case-by-case basis in accordance with CMBC HK's usual practice and shall from time to time be agreed by the Company, and if no interest rate is agreed prior to such drawdown, the drawdown shall be withdrawn.

Interest Period: Each loan shall have one interest period of one week, two weeks, one month, two months, three months or six months ("Interest Period") as selected by the Company and agreed by CMBC HK. Interest on a loan shall be payable to CMBC HK on the last day of the applicable Interest Period and be calculated on the basis of the number of days elapsed in a 360-day year for USD and RMB and a 365-day year for HKD.

Repayment: Each loan shall be repaid in full on the last day of its Interest Period. No Interest Period can overrun the date falling 12 months from the date of first drawdown (the "Final Repayment Date"). If an Interest Period would otherwise overrun the Final Repayment Date, it will be shortened so that it ends on the Final Repayment Date.

Use of Proceeds: General working capital (including but not limited to investment in projects)

REASONS FOR AND BENEFITS OF ENTERING INTO THE LOAN AGREEMENT

The Directors (including the independent non-executive Directors) consider that the Loan will be used for general working capital (including but not limited to investment in projects) of the Company and its subsidiaries. The Directors (including the independent non-executive Directors) are of the view that the Facility Agreement has been entered into after arm's length negotiations on normal commercial terms, and is in the interests of the Company and its shareholders as a whole.

INFORMATION ABOUT THE BANK

CMBC HK is a licensed financial institution under the laws of Hong Kong and a wholly-owned subsidiary of China Minsheng Banking Corp., Ltd. (中國民生銀行股份有限公司) (listed on the Shanghai Stock Exchange, stock code: 600016, and listed on the Stock Exchange of Hong Kong Limited, stock code: 01988). CMBC HK is a third party independent of and not connected with the Company and its connected persons.

Hong Kong, 3 April 2017

By order of the Board

China Development Bank International Investment Limited BAI Zhe

Chairman

As at the date of this announcement, the Board is comprised of Mr BAI Zhe, Mr YUAN Chun and Mr ZHANG Jielong as executive Directors; and Mr WANG Xiangfei, Mr SIN Yui Man and Mr FAN Ren Da, Anthony as independent non-executive Directors.