CITIC Limited — Capital/Financing Update 2012

Apr 13, 2012

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.

CITIC Pacific Limited 中信泰富有限公司

(incorporated in Hong Kong with limited liability) (Stock Code: 00267)

ANNOUNCEMENT

The Board of CITIC Pacific announces that CITIC Pacific has on 13 April 2012 exercised the First Option under the China Project Option Agreement with the right to extract a further 1 billion tonnes of magnetite ore for a consideration of US$200 million, adjusted for inflation between 1 March 2006 and the date of completion of the Acquisition less the costs incurred for the drilling program under the further drilling obligations. It is anticipated that the consideration will not exceed US$200 million. Upon the acquisition of the additional 1 billion tonnes of magnetite ore under the First Option, CITIC Pacific will have rights to mine a total of 3 billion tonnes of magnetite ore.

Reference is made to the circular of CITIC Pacific Limited (“CITIC Pacific”) dated 8 May 2006 in relation to the acquisition of magnetite mining rights in Western Australia.

The board of directors (the “Board”) of CITIC Pacific announces that CITIC Pacific has on 13 April 2012 exercised the first option (“First Option”) under the China Project Option Agreement entered into with Mineralogy Pty Ltd (“Mineralogy”) and Clive Frederick Palmer (“Mr. Palmer”) dated 22 October 2008. The exercise of the First Option will result in CITIC Pacific acquiring from Mineralogy or Mr. Palmer the right to extract 1 billion tonnes of magnetite ore in the mining area where the project is located (“Acquisition”). Upon the acquisition of the additional 1 billion tonnes of magnetite ore under the First Option, CITIC Pacific will have rights to mine a total of 3 billion tonnes of magnetite ore. The cash consideration payable by CITIC Pacific is US$200 million, adjusted for inflation between 1 March 2006 and the date of completion of the Acquisition less the costs incurred for the drilling program under the further drilling obligations. It is anticipated that the consideration will not exceed US$200 million.

By Order of the Board CITIC Pacific Limited Ricky Choy Wing Kay Company Secretary

Hong Kong, 13 April 2012

As at the date hereof, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Carl Yung Ming Jie, Vernon Francis Moore, Liu Jifu, Milton Law Ming To and Kwok Man Leung; the non-executive directors of CITIC Pacific are Messrs André Desmarais, Ju Weimin, Yin Ke and Peter Kruyt (alternate director to Mr André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Alexander Reid Hamilton, Gregory Lynn Curl and Francis Siu Wai Keung.