CITIC Limited — Capital/Financing Update 2016

Feb 24, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the " Securities Act "), or the securities laws of any other jurisdiction, and may not be offered or sold within the United States (as defined in Regulation S under the Securities Act (" Regulation S ")) or to, or for the account or benefit of, U.S. persons (as defined in Regulation S) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

NOTICE ON THE STOCK EXCHANGE OF HONG KONG LIMITED

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CITIC Limited (formerly known as CITIC Pacific Limited) (the "Issuer") U.S.$750,000,000 7.875 per cent. Perpetual Subordinated Capital Securities (the "Securities")(Stock Code: 04511) issued on 15 April 2011

All terms used in this notice and not otherwise defined herein shall have the meanings assigned to them in the terms and conditions of the Securities.

NOTICE IS HEREBY GIVEN in accordance with Condition 5(f) ( Redemption at the Option of the Issuer ) of the terms and conditions of the Securities, the Issuer will redeem all but not some only of the Securities on 15 April 2016 (the " Call Date ") at a redemption amount equal to 100 per cent. of the principal amount together with any Distribution accrued to the Call Date (including any Arrears of Distributions and any Additional Distribution Amount (if any)).

As at the date of this Optional Redemption Notice, the principal amount outstanding of the Securities is U.S.$ 750,000,000.

24 February 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.