CITIC Limited — Capital/Financing Update 2015

Jun 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.

==> picture [454 x 193] intentionally omitted <==

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 United Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 23 June 2015:-

Announcement on Redemption and Cancellation of Notes

Hong Kong, 23 June 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 and Mr Liu Yeqiao; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh and Ms Lee Boo Jin.

UNITED ENVIROTECH LTD.

( Incorporated in the Republic of Singapore )

( UEN/Company Registration No. 200306466G)

ANNOUNCEMENT ON REDEMPTION AND CANCELLATION OF NOTES

Redemption and cancellation relating to the outstanding

(i) S$50,000,000 7.25 per cent. Notes due 2016 comprised in Series 001

(the " Series 001 Tranche 001 Notes ")

(ISIN: SG57D9996208);

(ii) S$15,000,000 7.25 per cent. Notes due 2016 in Series 001, Tranche 002

(the " Series 001 Tranche 002 Notes ")

(to be consolidated and forming a single series with the S$50,000,000 7.25 per cent. Notes due 2016)

(ISIN: SG57D9996208); and

• (iii) S$35,000,000 7.25 per cent. Notes due 2016 comprised in Series 001, Tranche 003

(the " Series 001 Tranche 003 Notes ")

(to be consolidated and forming a single series with the S$50,000,000 7.25 per cent. Notes due 2016 and the S$15,000,000 7.25 per cent. Notes due 2016)

(ISIN: SG57D9996208), (collectively, the " Notes ")

in each case issued pursuant to the US$300,000,000 Multicurrency Medium Term Note Programme (which programme limit is now increased to US$500,000,000)

of United Envirotech Ltd. (the " Company ")

Reference is made to the notice to the holders of the Notes published in The Business Times on 10 April 2015 (the " Notice of Occurrence of a Change of Control "). Capitalised or other terms used but not defined in this announcement shall, unless the context otherwise requires, have the meanings set out in the Notice of Occurrence of a Change of Control.

The Notice of Occurrence of a Change of Control referred to, amongst others:

• (i) a Change of Control of the Company having occurred on 1 April 2015; and

• (ii) pursuant to Condition 10(f) of the Notes, at any time following the occurrence of a Change of Control, the Holder of any Note having the right, at such Holder's option, to require the Company to redeem all but not some only of that Holder's Notes on the Change of Control Put Date.

As of the Put Exercise Deadline on 9 June 2015, the Company received Put Exercise Notices for the early redemption of S$1,000,000 in aggregate principal amount of Notes (the " Put Notes ").

The Company wishes to announce that it has successfully redeemed all of the Put Notes on 23 June 2015, being the Change of Control Put Date, and the Put Notes will be cancelled thereafter.

BY ORDER OF THE BOARD

United Envirotech Ltd. Dr Lin Yucheng Executive Director and Chief Executive Officer 23 June 2015