Agricultural Bank of China : Issue of HK$5,000,000,000 1.00% Fixed Rate Notes due 2022 under Agricultural Bank of China Limited’s U.S.$15,000,000,000 Medium Term Note Programme2020-10-22

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities referred to herein.

This announcement is not for distribution, directly or indirectly, in or into the United States. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offer of securities referred to herein is being or will be made in the United States.

AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 業 銀 行 股 份 有 限 公 司

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

(Stock Code: 1288)

HK$5,000,000,000 1.00% Fixed Rate Notes due 2022 (the "Notes")

(Stock Code: 40423)

issued under the U.S.$15,000,000,000 Medium Term Note Programme

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Joint Global Coordinators and Joint Lead Managers

Agricultural Bank of	ABC International	Bank of China
China Limited
Hong Kong Branch
Bank of Communications	China Construction Bank	CMB Wing Lung
	(Asia)	Bank Limited
Crédit Agricole CIB	HSBC	Standard Chartered Bank
	Joint Lead Managers
BNP PARIBAS	China Everbright Bank
	Hong Kong Branch
China International	Chiyu Bank	Citigroup
Capital Corporation
CLSA	CMBC Capital	DBS Bank Ltd.
Deutsche Bank	ICBC	Industrial Bank Co., Ltd.
		Hong Kong Branch
J.P. Morgan	Mizuho Securities	Nanyang Commercial Bank

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Notes by Agricultural Bank of China Limited Hong Kong Branch issued under the U.S.$15,000,000,000 Medium Term Note Programme of Agricultural Bank of China Limited by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only as described in the offering circular dated 24 August 2020 and the pricing supplement dated 15 Ocotober 2020. The listing of, and permission to deal in, the Notes is expected to become effective on 23 Ocotober 2020.

Hong Kong, 22 Ocotober 2020

As at the date of this announcement, the executive directors are Mr. ZHOU Mubing, Mr. ZHANG Qingsong, Mr. ZHANG Xuguang and Ms. ZHANG Keqiu; the non-executive directors are Mr. ZHU Hailin, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Mr. WU Jiangtao; and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying..

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