Industrial and Commercial Bank of China : Announcement on the Redemption of Tier-2 Capital Bonds

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Stock Code: 1398

USD Preference Shares Stock Code: 4603

EUR Preference Shares Stock Code: 4604

RMB Preference Shares Stock Code: 84602

ANNOUNCEMENT ON THE REDEMPTION OF

TIER-2 CAPITAL BONDS

Industrial and Commercial Bank of China Limited (the "Bank") issued tier-2 capital bonds of RMB20 billion (the "Bonds") in the China national inter-bank bond market from 4 to 5 August 2014, and published the Announcement on Completion of Issuance of Tier-2 Capital Bonds on 6 August 2014. According to the relevant terms in the prospectus for the issuance of the Bonds, the Bonds are subject to the redemption option of the issuer, and the Bank has the right to redeem in full the Bonds at face value on the last day of the fifth interest accrual year (namely 5 August 2019).

As at the date of this announcement, the Bank has exercised the redemption right and completed the full redemption of the Bonds.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

5 August 2019

As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing, Mr. GU Shu, Mr. HU Hao and Mr. TAN Jiong as executive directors, Mr. ZHENG Fuqing, Ms. MEI Yingchun, Mr. DONG Shi and Mr. YE Donghai as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Ms. Sheila Colleen BAIR, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.