CITIC : Overseas Regulatory Announcement

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.

OVERSEAS REGULATORY ANNOUNCEMENT

(This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

The following announcement is released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 27 November 2018:-

Redemption of US$355,000,000 5.45 per cent. Senior Perpetual Securities (ISIN: XS1326469969) issued on 27 November 2015 and 7 July 2016 under the US$1,500,000,000 Multicurrency Perpetual Securities Issuance Programme established by CITIC Envirotech Ltd.

-Redemption and Cancellation of Outstanding Securities

Hong Kong, 27 November 2018

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of CITIC Limited are Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Peng Yanxiang, Mr Liu Zhongyuan, Mr Yang Xiaoping and Mr Wu Youguang; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Ms Lee Boo Jin, Mr Paul Chow Man Yiu and Mr Shohei Harada.

CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

REDEMPTION OF US$355,000,000 5.45 PER CENT. SENIOR PERPETUAL SECURITIES (ISIN: XS1326469969) ("SECURITIES") ISSUED ON 27 NOVEMBER 2015 AND 7 JULY 2016 UNDER THE US$1,500,000,000 MULTICURRENCY PERPETUAL SECURITIES ISSUANCE PROGRAMME ESTABLISHED BY CITIC ENVIROTECH LTD. (THE "ISSUER")

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REDEMPTION AND CANCELLATION OF OUTSTANDING SECURITIES

Reference is made to the announcement dated 25 October 2018 that (A) the Issuer shall redeem all, but not some only, of the outstanding Securities pursuant to Condition 6(b) of the terms and conditions of the Notes on 27 November 2018 (the "Redemption Date") and (B) that the outstanding

Securities will be redeemed at the Denomination Amount together with Distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) (if any) to (but excluding) the Redemption Date (collectively, the "Redemption Moneys").

Unless otherwise defined, capitalised terms used in this Notice shall have the meanings ascribed to them in the terms and conditions of the Securities and the pricing supplements dated 25 November 2015 and 29 June 2016.

The Issuer wishes to announce that in accordance with the announcement dated 25 October 2018, payment of the Redemption Moneys has been effected on 27 November 2018 and accordingly, it has successfully redeemed all outstanding Securities, and the redeemed Securities will be cancelled thereafter.

Lotus Isabella Lim Mei Hua Company Secretary

27 November 2018