Industrial and Commercial Bank of China : Overseas Regulatory Announcement - Issue of USD 1,000,000,000 Floating Rate Medium Term Notes By Dubai (DIFC) Branch Under Its USD 8,000,000,000 Medium Term Note Programme

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 offer to sell or the solicitation of an offer to acquire, purchase or subscribe for securities of the Bank in the United States or elsewhere.

Stock Code: 1398

USD Preference Shares Stock Code: 4603

EUR Preference Shares Stock Code: 4604

RMB Preference Shares Stock Code: 84602

OVERSEAS REGULATORY ANNOUNCEMENT

ISSUE OF USD1,000,000,000

FLOATING RATE MEDIUM TERM NOTES

BY DUBAI (DIFC) BRANCH

UNDER ITS USD8,000,000,000 MEDIUM TERM NOTE

PROGRAMME

This 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 medium term notes recently issued by Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch under its USD8,000,000,000 medium term note programme were listed on the London Stock Exchange's International Securities Market and NASDAQ Dubai, which include (1) USD500,000,000 floating rate medium term notes due 2022 and (2) USD500,000,000 floating rate medium term notes due 2024.

The relevant terms of issue delivered to and published on the websites of the London Stock Exchange and NASDAQ Dubai can be viewed at www.londonstockexchange.com and www.nasdaqdubai.com respectively.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

18 October 2019

As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing, Mr. GU Shu and Mr. HU Hao as executive directors, Mr. YE Donghai, Mr. ZHENG Fuqing, Ms. MEI Yingchun, Mr. DONG Shi, and Mr. LU Yongzhen as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Ms. Sheila Colleen BAIR, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.