CITIC Limited — Capital/Financing Update 2017

Oct 3, 2017

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 3 October 2017:-

Update and increase in programme limit of Multicurrency Perpetual Securities Issuance Programme from US$750,000,000 to US$1,500,000,000

Hong Kong, 3 October 2017

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 Liu Yeqiao, Mr Song Kangle, Ms Yan Shuqin, Mr Liu Zhuyu, Mr Liu Zhongyuan 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, Mr Noriharu Fujita and Mr Paul Chow Man Yiu.

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CITIC Envirotech Ltd.

(Company Registration Number: 200306466G)

ANNOUNCEMENT

UPDATE AND INCREASE IN PROGRAMME LIMIT OF MULTICURRENCY PERPETUAL SECURITIES ISSUANCE PROGRAMME FROM US$750,000,000 TO US$1,500,000,000

The Board of Directors of CITIC Envirotech Ltd. (the " Issuer ") wishes to announce that it has updated its US$750,000,000 Multicurrency Perpetual Securities Issuance Programme (the " Programme ") established on 14 November 2015 to, inter alia , increase the maximum aggregate principal amount of perpetual securities (the “ Perpetual Securities ”) that may be issued under the Programme from US$750,000,000 to US$1,500,000,000.

In connection with the foregoing, the Programme has been renamed as the "US$1,500,000,000 Multicurrency Perpetual Securities Issuance Programme". DBS Bank Ltd. is the sole arranger for the Programme, and DBS Bank Ltd., Barclays Bank PLC, Singapore Branch and CLSA Limited are the dealers for the Programme.

Application has been made to the Singapore Exchange Securities Trading Limited (the " SGX-ST ") for permission to deal in and quotation for any Perpetual Securities which are agreed at the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such Perpetual Securities have been admitted to the Official List of the SGX-ST. 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 Securities on the SGX-ST are 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 such Perpetual Securities.

BY ORDER OF THE BOARD CITIC ENVIROTECH LTD.

3 October 2017