CITIC Limited — Capital/Financing Update 2013

Apr 19, 2013

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

IRON ORE MINE PROJECT UPDATE

This announcement provides an update on the commissioning of the first two production lines at CITIC Pacific Limited’s (“CITIC Pacific”) Sino Iron Project in Western Australia.

Production Line Two

CITIC Pacific has been informed by the China Metallurgical Group Corporation (“MCC”), the project’s engineering, procurement and construction (“EPC”) contractor for the first two production lines, that load commissioning of the second production line is delayed. During non-load testing of the grinding mill, the gearless motor drive which is responsible for driving the grinding mill failed its voltage test. Parties are analyzing the problem and deciding on the best course of action to remedy the situation. Based on the initial recommendation from the manufacturer, the gearless motor drive needs to be taken out of the grinding mill so that it can be examined in detail and a repair plan can be developed. It is estimated that it could take approximately three months for the gearless motor to be fully repaired and re-installed into the grinding mill.

All other sections of the second production line have gone through non-load testing, and integrated commissioning of line two can begin after the testing of the grinding mill with the fixed gearless motor drive.

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Production Line One

Commissioning of the first production line has been ongoing since late 2012. However, during this process, technical issues and adjustment of production parameters have resulted in the production line being unable to run smoothly. All parties are working together with component manufacturers and service providers to address these problems. As defects are exposed and repaired during this commissioning process, future stability of the production line will be improved. First shipment of iron ore concentrate is expected to be in the second half of May 2013.

About the Sino Iron Project

Located in Western Australia, the Sino Iron Project is the largest magnetite iron ore project in Australia and involves the construction of some of the largest mining and processing infrastructure and equipment in Australia and globally. The project is designed to produce 24 million tonnes of iron ore concentrate annually. Once completed, the Sino Iron Project will not only supply iron ore to CITIC Pacific’s own steel plants, but also to other steel producers in China.

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

Hong Kong, 19 April 2013

As at the date of this announcement, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Vernon Francis Moore and Liu Jifu; the nonexecutive directors of CITIC Pacific are Messrs André Desmarais, Ju Weimin, Yin Ke, Carl Yung Ming Jie, 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, Francis Siu Wai Keung and Dr. Xu Jinwu.

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