CITIC Limited — Capital/Financing Update 2022

Feb 17, 2022

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 Notes to be issued under the Programme (as defined below) 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. Accordingly, the Notes will be offered and sold only outside the United States to non-U.S. persons in compliance with Regulation S.

NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED

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U.S.$700,000,000 2.875 per cent. Notes due 2027 (Stock Code: 4492) and U.S.$300,000,000 3.50 per cent. Notes due 2032 (Stock Code: 4493) (together, the "Notes")

under the U.S.$9,000,000,000 Medium Term Note Programme (the "Programme")

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

CLSA

HSBC

Standard Chartered Bank

Joint Lead Managers and Joint Bookrunners

BNP PARIBAS BOC International ICBC (Asia) Mizuho Securities MUFG SMBC Nikko

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of, and permission to deal in, the Notes issued under the Programme by way of debt issues to Professional Investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) only, as described in the offering circular dated 20 December 2021 in relation to the Programme and the pricing supplements dated 10 February 2022 in relation to the Notes. The listing of and permission to deal in the Notes is expected to become effective on or about 18 February 2022.

17 February 2022

As at the date of this announcement, the executive directors of CITIC Limited are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of CITIC Limited are Mr Song Kangle, Mr Peng Yanxiang, Ms Yu Yang, Mr Zhang Lin, Mr Yang Xiaoping and Mr Tang Jiang; and the independent non-executive directors of CITIC Limited are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Gregory Lynn Curl and Mr Toshikazu Tagawa.