CITIC Limited — Capital/Financing Update 2016

Jul 7, 2016

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 7 July 2016:-

Issue of US$180,000,000 5.45 per cent. Senior Perpetual Securities (to be consolidated and forming a Single Series with the existing US$175,000,000 5.45 per cent. Senior Perpetual Securities issued on 27 November 2015) under the US$750,000,000 Multicurrency Perpetual Securities Issuance Programme of CITIC Envirotech Ltd.

Hong Kong, 7 July 2016

As at the date of this announcement, the executive directors of CITIC Limited are Mr Chang Zhenming (Chairman), Mr Wang Jiong, Ms Li Qingping and Mr Pu Jian; the non-executive directors of CITIC Limited are Mr Yang Jinming, Mr Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhongyuan, Mr Yang Xiaoping and Mr Li Rucheng; 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, Mr Noriharu Fujita and Mr Paul Chow Man Yiu.

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CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

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ISSUE OF US$180,000,000 5.45 PER CENT. SENIOR PERPETUAL SECURITIES (TO BE CONSOLIDATED AND FORMING A SINGLE SERIES WITH THE EXISTING US$175,000,000 5.45 PER CENT. SENIOR PERPETUAL SECURITIES ISSUED ON 27 NOVEMBER 2015) UNDER THE US$750,000,000 MULTICURRENCY PERPETUAL SECURITIES ISSUANCE PROGRAMME (THE "PROGRAMME") OF CITIC ENVIROTECH LTD.

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Further to the announcement made by CITIC Envirotech Ltd. (the " Issuer ") on 28 June 2016, the Issuer wishes to announce that it has today issued US$180,000,000 5.45 per cent. senior perpetual securities (the " Series 001 Tranche 002 Securities ") (to be consolidated and forming a single series with the existing US$175,000,000 5.45 per cent. senior perpetual securities issued on 27 November 2015) under the Programme. CLSA Limited, DBS Bank Ltd. and China Securities (International) Corporate Finance Company Limited were appointed as the joint lead managers and bookrunners for the Series 001 Tranche 002 Securities.

The net proceeds arising from the issue of the Series 001 Tranche 002 Securities will be used by the Issuer and/or its subsidiaries to refinance the outstanding S$99,000,000 7.25 per cent. fixed rate notes due 2 September 2016 issued by the Issuer pursuant to its US$300,000,000 multicurrency medium term note programme established on 13 June 2013 and for general corporate purposes, including, but not limited to, 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 Series 001 Tranche 002 Securities on the SGX-ST and the Series 001 Tranche 002 Securities are expected to be admitted to the Official List of the SGX-ST with effect from 9.00 a.m. on 8 July 2016. Admission to the Official List of the SGX-ST and the listing and quotation of the Series 001 Tranche 002 Securities on the SGX-ST is not to be taken as an indication of the merits of the Issuer, its subsidiaries, its associated companies (if any), its joint venture companies (if any),

the Programme or the Series 001 Tranche 002 Securities. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed herein.

BY ORDER OF THE BOARD

Dr Lin Yucheng Group CEO and Executive Director

7 July 2016