CITIC Limited — Capital/Financing Update 2015

Mar 5, 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.

This announcement does not constitute an offer to buy, or the solicitation of an offer to sell or subscribe for, any securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to buy, sell or subscribe for any securities.

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VOLUNTARY ANNOUNCEMENT

This is a voluntary announcement made by the board of directors (the “ Board ”) of CITIC Limited (the “ Company ”).

We refer to the voluntary announcement dated 12 November 2014 of the Company (the “ Announcement ”) in relation to the proposed transaction of one of its indirectly-owned subsidiaries, CITIC Environment (International) Company Limited (“ CITIC Environment ”). Unless otherwise specified, capitalised terms defined in the Announcement shall have the same meanings when used herein.

As disclosed in the Announcement, the Offeror, a company jointly owned by CITIC Environment and KKRCW, proposed to acquire at least a majority stake in UEL by way of the Offer, the CB Offer and the Placement (collectively, the “ Proposed Transaction ”).

The Board would like to inform the shareholders and potential investors of the Company that as at the date of this announcement, all the pre-conditions of the Offer have been satisfied or waived (as the case may be) and accordingly, the Offeror has announced its firm intention to make the Offer on the website of the SGX-ST at www.sgx.com. In addition to the Offer, the Offeror will also make an offer to KKRCW for all the convertible bonds that it holds subject to and conditional upon the Offer becoming or being declared unconditional in accordance with its terms and the convertible bonds continuing to be transferable and convertible into new UEL shares.

For more detailed information relating to the Proposed Transaction, please refer to the announcements published on the website of the SGX-ST at www.sgx.com.

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CAUTIONARY STATEMENT

As the Offer may not necessarily become or be declared unconditional in accordance with its terms, shareholders and potential investors of the Company should note that there is no certainty or assurance that the Offer and the CB Offer will proceed as contemplated or that the Proposed Transaction will eventually be carried out.

As the Proposed Transaction may or may not proceed, the Board would like to remind shareholders and potential investors of the Company to exercise caution when dealing in the shares or other securities of the Company, and to refrain from taking any action which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional adviser.

By Order of the Board CITIC Limited Ricky Choy Wing Kay Tang Zhenyi Joint Company Secretaries

Hong Kong, 5 March 2015

As at the date of this announcement, the executive directors of the Company are Messrs Chang Zhenming (Chairman), Wang Jiong, Dou Jianzhong and Zhang Jijing; the non-executive directors of the Company are Mr Yu Zhensheng, Mr Yang Jinming, Ms Cao Pu, Mr Liu Zhongyuan and Mr Liu Yeqiao; and the independent nonexecutive directors of the Company are Messrs Alexander Reid Hamilton, Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh and Ms Lee Boo Jin.

Important Notice:

This announcement does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor is it a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable laws and regulations. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in any such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

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