U.S.$800,000,000 1.20 per cent. Fixed Rate Green Notes due 2025 (Notes Stock Code: 40370) issued under US$5,000,000,000 Medium Term Note Programme - China Merchants Bank Co., Ltd.

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 securities.

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. No securities may be offered or sold in the United States absent registration or an applicable exemption from registration requirements. 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. The Company does not intend to make any public offering of securities in the United States.

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)

CHINA MERCHANTS BANK CO., LTD. HONG KONG BRANCH (THE "ISSUER")

U.S.$800,000,000 1.20 PER CENT. FIXED RATE GREEN NOTES DUE 2025

(STOCK CODE: 40370)

ISSUED UNDER THE U.S.$5,000,000,000

MEDIUM TERM NOTE PROGRAMME OF

CHINA MERCHANTS BANK CO., LTD. (THE "COMPANY")

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

Bank of China	Citigroup	CMB International
CMB Wing Lung	Crédit Agricole CIB	J.P. Morgan
Bank Limited
Joint Lead Managers and Joint Bookrunners
Agricultural Bank	BNP PARIBAS	CCB International	ICBC (Asia)
of China Limited
Hong Kong Branch
KGI Asia	MUFG	OCBC Bank	Standard
			Chartered Bank
	Green Structuring Agents
Crédit Agricole CIB	J.P. Morgan

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Reference is made to the formal notice dated 2 September 2020. The U.S.$5,000,000,000 Medium Term Note Programme was established on 28 May 2014 by the Company.

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in the U.S.$800,000,000 1.20 per cent. fixed rate green notes due 2025 (the "Notes") under the Programme 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 the Securities and Futures Ordinance (Cap.571 of the laws of Hong Kong)) only, as described in the Offering Circular dated 1 September 2020, the Drawdown Offering Circular dated 2 September 2020 and the Pricing Supplement dated 2 September 2020. The listing of the Notes is expected to become effective on 11 September 2020.

By order of the Board

China Merchants Bank Co., Ltd.

Li Jianhong

Chairman

10 September 2020

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

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