Postal Savings Bank of China : COMPLETION OF THE A SHARE OFFERING

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.

POSTAL SAVINGS BANK OF CHINA CO., LTD.

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 1658)

(Stock Code of Preference Shares: 4612)

COMPLETION OF THE A SHARE OFFERING

This announcement is made by Postal Savings Bank of China Co., Ltd. (the "Bank") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Bank dated 29 August 2017, 12 September 2017, 12 October 2017, 27 October 2017, 14 May 2018, 28 June 2018, 12 April 2019, 30 May 2019, 12 June 2019, 26 June 2019, 24 October 2019, 25 October 2019, 29 October 2019 and 6 November 2019 (collectively, the "Announcements") and the circulars dated 12 September 2017, 14 May 2018, and 12 April 2019 (collectively, the "Circulars"), in relation to the Bank's A Share Offering and relevant matters. Unless otherwise specified, capitalized terms used in this announcement shall have the same meanings as defined in the Announcements and Circulars.

The Board of Directors of the Bank (the "Board") is pleased to announce that the Bank has completed the A Share Offering. The A Shares of the Bank will be listed and commence trading on the Shanghai Stock Exchange on 10 December 2019. Certain key information in respect of the listing of A Shares is as follows:

Place of listing	Shanghai Stock Exchange
Date of listing	10 December 2019
Stock abbreviation	PSBC
Stock code	601658
Total number of shares	86,202,738,200 shares (without considering the over-allotment
after the A Share	option for this A Share Offering, comprising 61,174,407,000 A
Offering	Shares converted from the existing Domestic Shares, 5,172,164,200
	newly issued A Shares and 19,856,167,000 H Shares)

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86,978,562,200 shares (if considering the over-allotment option for this A Share Offering, comprising 61,174,407,000 A Shares converted from the existing Domestic Shares, 5,947,988,200 newly issued A Shares and 19,856,167,000 H Shares)

Announcements (Chinese version only) setting out the details of the A Share Offering have also been published on the websites of the Shanghai Stock Exchange (www.sse.com.cn), the Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the Bank (www.psbc.com).

By order of the Board of Directors

Postal Savings Bank of China Co., Ltd.

Du Chunye

Joint Company Secretary

Beijing, the PRC

8 December 2019

As at the date of this announcement, the Board of the Bank comprises Mr. Zhang Jinliang as Chairman and Non-executive Director; Mr. Zhang Xuewen and Ms. Yao Hong as Executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong, Mr. Liu Yue and Mr. Ding Xiangming as Non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei, Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson and Mr. Hu Xiang as Independent Non-executive Directors.

• Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.

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