Industrial and Commercial Bank of China : Overseas Regulatory Announcement - Issue of U.S.$800,000,000 1.00 Per Cent. Notes Due 2023 and U.S.$1,000,000,000 1.20 Per Cent. Notes Due 2025 Acting Through its Singapore Branch Under The U.S.$20,000,000,000 Medium Term Note Programme Established by Industrial and Commercial Bank Of China Limited

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 any securities. Unless otherwise specified, this announcement does not constitute or form a part of any offer of securities for sale in the United States. Unless otherwise specified, the securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold in the United States, or to or for the account or benefit of, U.S. persons (as defined in the Securities Act) absent registration or an exemption from registration under the Securities Act. No public offering of the securities will be made in the United States.

Stock Code: 1398

EUR Preference Shares Stock Code: 4604

OVERSEAS REGULATORY ANNOUNCEMENT

ISSUE OF U.S.$800,000,000 1.00 PER CENT. NOTES DUE 2023 and

U.S.$1,000,000,000 1.20 PER CENT. NOTES DUE 2025

ACTING THROUGH ITS SINGAPORE BRANCH

UNDER THE U.S.$20,000,000,000 MEDIUM TERM NOTE PROGRAMME ESTABLISHED BY INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

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.

On 10 September 2020, the following medium term notes issued by Industrial and Commercial Bank of China Limited, Singapore Branch under the U.S.$20,000,000,000 medium term note programme established by Industrial and Commercial Bank of China Limited were listed on the Singapore Exchange: (1) U.S.$800,000,000 1.00 per cent. fixed rate medium term notes due 2023; and (2) U.S.$1,000,000,000 1.20 per cent. fixed rate medium term notes due 2025.

The relevant documents delivered to and published on the website of the Singapore Exchange can be viewed at www.sgx.com.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

10 September 2020

As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing, Mr. GU Shu and Mr. LIAO Lin as executive directors, Mr. LU Yongzhen, Mr. ZHENG Fuqing, Ms. MEI Yingchun, Mr. FENG Weidong and Ms. CAO Liqun as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.