Industrial and Commercial Bank of China : Announcement on the Issuance of the "Guangdong-Hong Kong-Macau Greater Bay Area" Themed Green Bonds

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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 ON THE ISSUANCE OF

THE "GUANGDONG-HONGKONG-MACAU GREATER BAY AREA"

THEMED GREEN BONDS

On 16 September 2019, Industrial and Commercial Bank of China Limited (the "Bank"), Hong Kong Branch issued the following medium term notes (the "Notes"): (1) U.S.$1,000,000,000 Floating Rate Notes due 2022; (2) U.S.$500,000,000 2.25 per cent Fixed Rate Notes due 2022; (3) U.S.$1,000,000,000 Floating Rate Notes due 2024; (4) HK$4,000,000,000 2.2 per cent Fixed Rate Notes due 2021; and (5) CNY1,000,000,000 3.1 per cent Fixed Rate Notes due 2020. The Notes are expected to be admitted to trading on The Stock Exchange of Hong Kong Limited on 17 September 2019.

The Notes are the first "Guangdong-HongKong-Macau Greater Bay Area" themed international green bonds issued by the Bank. The Notes comply with both the international green bond standards and Chinese green bond standards, and the issuer has obtained the pre-issuance stage independent certification from the Hong Kong Quality Assurance Agency. The net proceeds of the Notes will mainly be used to finance and/or refinance Eligible Green Assets, such as low-carbon and low emission transportation, renewable energy assets in the Guangdong-HongKong-Macau Greater Bay (the "Greater Bay Area"), covering many cities in the Greater Bay Area.

In recent years, the Bank has actively supported the development of the Greater Bay Area. By actively carrying out financial innovation, the Bank is committed to promote the connectivity of logistics, capital flows and information flows in the Greater Bay Area and provide all round cross-border financial services to the clients in the Greater Bay Area enabling "one-point access and global response". This issuance has fully utilized the resources of domestic and international market, denominated in three currencies, further enhancing the Bank's strength in terms of the cross-border and cross-currency finance, and promoting the financial integration and green development of the Greater Bay Area.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

16 September 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.