Industrial and Coml Bank of China : Announcement of the Resolutions of the Board of Supervisors

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Stock Code: 1398 USD Preference Shares Stock Code: 4603 EUR Preference Shares Stock Code: 4604 RMB Preference Shares Stock Code: 84602 ANNOUNCEMENT OF THE RESOLUTIONS OF THE BOARD OF SUPERVISORS

A meeting of the board of supervisors of Industrial and Commercial Bank of China Limited (the "Bank") was convened by written notice on 17 August 2016 and held at the Bank's head office at No. 55 Fuxingmennei Avenue, Xicheng District, Beijing on 30 August 2016. There were 6 supervisors eligible for attending the meeting, and 6 supervisors attended the meeting in person. The meeting was convened in compliance with the provisions of the relevant laws, regulations, the Articles of Association of Industrial and Commercial Bank of China Limited and the Rules of Procedures of the Board of Supervisors of Industrial and Commercial Bank of China Limited.

Mr. Qian Wenhui, Chairman of the board of supervisors, presided over the meeting. The following proposals were considered and approved at the meeting:

1. Proposal on Adjusting the Composition of the Supervision Committee of the Board of Supervisors

   Voting result of this proposal: 6 valid votes, 6 voted in favour of this proposal, 0 voted against and 0 abstained from voting.

   The meeting resolved that Mr. Qian Wenhui serve as chairman of the supervision committee of the board of supervisors, Mr. Zhang Wei, Mr. Hui Ping, Mr. Qu Qiang, Mr. Huang Li and Mr. Shen Bingxi serve as members of the supervision committee of the board of supervisors.

2. Proposal on the 2016 Interim Report and its Abstract

Voting result of this proposal: 6 valid votes, 6 voted in favour of this proposal, 0 voted against and 0 abstained from voting.

The board of supervisors of the Bank was of the opinion that the preparation and review procedures in respect of the 2016 interim report of the Bank complied with the relevant laws, administrative regulations and supervisory requirements and the report reflected the actual situation of the Bank truthfully, accurately and completely.

The Board of Supervisors of Industrial and Commercial Bank of China Limited

Beijing, PRC 30 August 2016

As at the date of this announcement, the board of directors comprises Mr. YI Huiman and Mr. ZHANG Hongli as executive directors, Ms. WANG Xiaoya, Ms. GE Rongrong, Mr. FU Zhongjun, Mr. ZHENG Fuqing, Mr. FEI Zhoulin and Mr. CHENG Fengchao as non-executive directors, Sir Malcolm Christopher McCARTHY, Mr. Kenneth Patrick CHUNG, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH and Mr. YANG Siu Shun as independent non-executive directors.