CITIC Limited — Capital/Financing Update 2015

Apr 29, 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 United Envirotech Ltd. (a subsidiary of CITIC Limited) to Singapore Exchange Limited on 29 April 2015:-

Debt – Listing Confirmation: Issue of S$225 million 4.70% fixed rate notes due 2018 pursuant to its U.S.$500,000,000 Medium Term Note Programme of United Envirotech Ltd.

Hong Kong, 29 April 2015

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Mr Dou Jianzhong 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 Alexander Reid Hamilton, Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh and Ms Lee Boo Jin.

NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES

This document is not an offer of securities for sale in the United States or elsewhere. Any Notes (as defined below) issued under the Programme (as defined below) have not been and will not be registered under the United States Securities Act of 1933, as amended (the " Securities Act ") or with any securities regulatory authority of any state of the United States or any other jurisdiction. The Notes may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Notes are being offered and sold only in offshore transactions as defined in and in reliance on Regulation S under the Securities Act.

UNITED ENVIROTECH LTD.

(Incorporated in the Republic of Singapore)

(UEN/Company Registration No.: 200306466G)

UNITED ENVIROTECH LTD. ISSUES S$225 MILLION 4.70% FIXED RATE NOTES DUE 2018 PURSUANT TO ITS U.S.$500,000,000 MEDIUM TERM NOTE PROGRAMME

Further to the announcement made by United Envirotech Ltd. (the " Company ") on 24 April 2015, the board of directors of the Company wishes to announce that the Company has today issued S$225,000,000 4.70 per cent. fixed rate notes due 2018 (the " Notes ") under its U.S.$500,000,000 medium term note programme (the " Programme ").

The net proceeds from the issue of the Notes will be used by the Company and/or its subsidiaries for refinancing of existing borrowings, making investments and/or acquisitions, general working capital and corporate purposes.

Approval in-principle has been received from the Singapore Exchange Securities Trading Limited (the " SGX-ST ") for the listing and quotation of the Notes on the Official List of the SGX-ST and the Notes are expected to be admitted to the Official List of the SGX-ST with effect from 9.00 a.m. on 30 April 2015. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein. Admission to the Official List of the SGX-ST and quotation of any Notes on the SGX-ST is not to be taken as an indication of the merits of the Issuer and/or its subsidiaries, the Programme or the Notes or of the merits of investing in the Notes.

BY ORDER OF THE BOARD

Dr Lin Yucheng

Chairman and CEO 29 April 2015

Important Notice

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for or a sale of any securities in the United States or any other jurisdiction.

The Notes have not been, and will not be registered under the Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Neither this notice nor any portion hereof may be sent or transmitted into the United States or any jurisdiction where to do so is unlawful. Any failure to comply with these restrictions may constitute a violation of the United States securities law or the securities laws of any such other jurisdiction.