CITIC Limited — Capital/Financing Update 2015

Nov 23, 2015

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.

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OVERSEAS REGULATORY ANNOUNCEMENT

(This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

The following announcement is released by CITIC Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 23 November 2015:-

CITIC Envirotech Won Bid for a RMB 549 Million PPP Project in China’s Liaoyang City

Hong Kong, 23 November 2015

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong and Mr Zhang Jijing; the non-executive directors of CITIC Limited are Mr Yu Zhensheng, Mr Yang Jinming, Ms Cao Pu, Mr Liu Zhongyuan, Mr Liu Yeqiao and Mr Yang Xiaoping; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Ms Lee Boo Jin and Mr Noriharu Fujita.

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CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

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CITIC Envirotech Won Bid for a RMB 549 Million PPP Project in China’s Liaoyang City

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The Board of Directors (“Board”) of CITIC Envirotech Ltd. (“CEL” or “Company”) refers to the announcement dated 18 November 2015 titled “CITIC Envirotech Ltd in advanced negotiation for proposed projects at not less than RMB 1 Billion” (“Proposed Projects”).

The Board is pleased to announce that on 20 November 2015, the Company was awarded a Public-Private Partnership (“PPP”) project in Liaoyang City, Liaoning Province, China worth approximately RMB 549 million (SGD 122 million).

The PPP project involves an investment of RMB 549 million into 4 wastewater treatment plants and/or its associated pipe network in Liaoyang City. In return, the Company is expected to enjoy a mutually agreed rate of return on the capital invested and will be granted concessions to operate and maintain (“O&M”) these 4 plants. The total waste treatment capacity of the 4 plants is approximately 285,000 m[3] /day and the concession periods for the O&M vary between 15-20 years.

PPP mode of co-operation has gained much interest in the China water industry after the Chinese government had published 2 new PPP guidelines last year and launched various PPP projects worth RMB 1.97 trillion in water conservation, transport and environmental protection. The Liaoyang PPP project is the Company’s first PPP project in China.

The capital required for the PPP project will be funded by the Company’s internal resources, bank financing and proceeds from the Company’s US$175 million senior perpetual securities under the US$750 million Multicurrency Perpetual Securities Issuance Programme of CEL.

The project is not expected to have any material financial impact on the net tangible assets per share and earning per share of the group for the financial year ending 31 December 2015.

None of the Directors and controlling Shareholders has any interest, direct and indirect (other than through their shareholdings in the Company) in the project.

The Company will make further announcements in relation to the Proposed Projects at the appropriate time in compliance with the requirements under the Listing Manual of the Singapore Exchange Securities Trading Limited.

Shareholders are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company.

For and on behalf of the Board

Dr Lin Yucheng Group CEO and Executive Director 23 November 2015