China Merchants Bank : ·PAYMENT OF 2018 FINAL DIVIDEND FOR H SHAREHOLDERS

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.

招 商 銀 行 股 份 有 限 公 司

CHINA MERCHANTS BANK CO., LTD.

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

(H Share Stock Code: 03968)

(Preference Share Stock Code: 04614)

PAYMENT OF 2018 FINAL DIVIDEND FOR H SHAREHOLDERS

Reference is made to the announcement dated 20 June 2019 (the "Announcement") by China Merchants Bank Co., Ltd. (the "Company") regarding the arrangements for payment of the 2018 final dividend for the H shareholders. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The 2018 Annual General Meeting was convened by the Company on 27 June 2019, at which, among other things, the profit appropriation plan for 2018 of the Company was considered and approved. The Company will distribute a cash dividend of RMB0.94 (tax included) for every one share held by the shareholders whose names appear on the register of members of the Company at the close of business on the respective record dates for the A shareholders and the H shareholders. The dividend for A shareholders would be RMB0.94 (tax included) per share, payable in RMB. Based on the average benchmark exchange rate of Renminbi to Hong Kong Dollars as released by the People's Bank of China one week prior to and including the date of declaration of dividends at the 2018 Annual General Meeting of the Company (i.e. HK$1=RMB0.8785), the dividend for H shareholders would be approximately HK$1.070006 (tax included) per share, payable in Hong Kong Dollars.

CMB Wing Lung (Trustee) Limited, the Company's H-share dividend payment agent, is expected to pay the 2018 final dividend (net of the relevant tax) to H shareholders of the Company on or about 13 August 2019, and the relevant cheques of dividends will be sent at the same time by ordinary post to H shareholders of the Company at their own risk.

For investors of the Shanghai Stock Exchange and the Shenzhen Stock Exchange (including enterprises and individuals) investing in the H shares of the Company listed on the Hong Kong Stock Exchange, the cash dividends distributed by the Company will be received by China Securities Depository and Clearing Corporation Limited, the nominee of the holders of H shares of the Company for Southbound Trading, and distribute the cash dividends to the relevant investors of H shares of Southbound Trading through its depositary and clearing system. The cash dividends for the investors of H shares of Southbound Trading will be paid in RMB.

1

For investors of the Hong Kong Stock Exchange (including enterprises and individuals) investing in the A shares of the Company listed on the Shanghai Stock Exchange, their dividends will be distributed in RMB by the Company through the Shanghai Branch of China Securities Depository and Clearing Corporation Limited to the account of the nominees holding such shares. The Company will announce the arrangement details for payment of the dividends for its A shares separately.

Investors are reminded to pay attention to the taxation on receipt of the 2018 final dividend in the Company's Announcement dated 20 June 2019.

By order of the Board of Directors of

China Merchants Bank Co., Ltd.

Li Jianhong

Chairman

28 June 2019

As at the date of this announcement, the executive director of the Company is Tian Huiyu; the non-executive directors of the Company are Li Jianhong, Fu Gangfeng, Zhou Song, Hong Xiaoyuan, Zhang Jian, Su Min and Wang Daxiong; and the independent non-executive directors of the Company are Leung Kam Chung, Antony, Pan Chengwei, Zhao Jun, Wong See Hong, Li Menggang and Liu Qiao.

2