Postal Savings Bank of China : OVERSEAS REGULATORY ANNOUNCEMENT PRELIMINARY PUBLICATION OF THE UPDATED A SHARE PROSPECTUS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

POSTAL SAVINGS BANK OF CHINA CO., LTD.

中 國 郵 政 儲 蓄 銀 行 股 份 有 限 公 司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 1658)

(Stock Code of Preference Shares: 4612)

OVERSEAS REGULATORY ANNOUNCEMENT

PRELIMINARY PUBLICATION OF THE UPDATED A SHARE

PROSPECTUS

This announcement is made by Postal Savings Bank of China Co., Ltd. (the "Bank") pursuant to the requirements of Rule 13.10(B) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Reference is made to the announcement of the Bank dated 28 June 2019 on the Bank's pre- disclosure of its A Share prospectus (Application Proof) regarding its offering and listing of RMB- dominated ordinary shares (A Shares) (the "A Share Offering and Listing") on the website of the China Securities Regulatory Commission (the "CSRC"). Pursuant to the relevant legal requirements of China, a copy of the updated A Share prospectus of the Bank (Application Proof) (the "Updated A Share Prospectus") has been made available on the CSRC's website (www.csrc.gov.cn) for preliminary publication.

The Updated A Share Prospectus is not, nor does the Bank intend to cause the Updated A Share Prospectus to be, an offer of securities of the Bank for sale in Hong Kong. The Updated A Share Prospectus has not been and will not be registered under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong).

Shareholders and potential investors should be aware that the A Share Offering and Listing is subject to approvals from the CSRC and other relevant regulatory authorities and may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the securities of the Bank. Further announcement(s) will be made to disclose any major updates and developments in respect of the A Share Offering and Listing in accordance with the Listing Rules and other applicable laws and regulations. This announcement is for

- 1 -

information only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Bank.

By order of the Board of Directors

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

15 October 2019

As at the date of this announcement, the Board of the Bank comprises Mr. Zhang Jinliang as Chairman and non-executive Director; Mr. Zhang Xuewen and Ms. Yao Hong as executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei, Mr. Gan Peizhong and Mr. Hu Xiang as independent non-executive Directors.

• Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

- 2 -