CITIC Limited — Capital/Financing Update 2016

Mar 8, 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 8 March 2016:-

Issuance of US$175,000,000 5.45 per cent. Senior Perpetual Securities under the US$750,000,000 Multicurrency Perpetual Securities Issuance Programme of CITIC Envirotech Ltd.

Hong Kong, 8 March 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 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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ANNOUNCEMENT ISSUANCE OF US$175,000,000 5.45 PER CENT. SENIOR PERPETUAL SECURITIES UNDER THE US$750,000,000 MULTICURRENCY PERPETUAL SECURITIES ISSUANCE PROGRAMME OF CITIC ENVIROTECH LTD.

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CITIC Envirotech Ltd. (the " Issuer ") refers to its announcement dated 30 November 2015 relating to the issue of US$175,000,000 in aggregate principal amount of 5.45 per cent. senior perpetual securities (the " Perpetual Securities ") under its US$750,000,000 Multicurrency Perpetual Securities Issuance Programme (the " Programme ").

In the Pricing Supplement dated 25 November 2015 (the " Pricing Supplement ") issued in connection with the issue of the Perpetual Securities, references were made to an application to the Inland Revenue Authority of Singapore (" IRAS ") for an advance tax ruling to confirm, amongst other things, whether the IRAS would regard the Perpetual Securities as "debt securities" for the purposes of the Income Tax Act (Chapter 134 of Singapore) and consequently, that holders of the Perpetual Securities may enjoy the tax concessions and exemptions available for qualifying debt securities (" QDS ") under the QDS scheme, as set out in the section entitled " Singapore Taxation " in the Information Memorandum dated 14 November 2015 issued in connection with the establishment of the Programme (the " Information Memorandum ") (as amended by the Pricing Supplement), provided that the relevant conditions are met.

The Issuer is pleased to announce that the abovementioned tax ruling has been obtained from the IRAS and that based on such ruling, holders of the Perpetual Securities may enjoy the tax concessions under the QDS scheme subject to the conditions as set out in the section entitled " Singapore Taxation " in the Information Memorandum (as amended by the Pricing Supplement).

BY ORDER OF THE BOARD CITIC ENVIROTECH LTD.

8 March 2016