CITIC Limited — Share Issue/Capital Change 2000

Feb 14, 2000

Listed Company Information

CITIC PACIFIC<0267> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. CITIC Pacific Limited (incorporated in Hong Kong with limited liability) EXERCISE OF OVER-ALLOTMENT OPTION ANNOUNCEMENT Unless otherwise defined herein, terms defined in the announcement ("Announcement") of CITIC Pacific Limited (the "Company") dated 10th February, 2000 in relation to the placing of existing shares of the Company and subscription of new shares of the Company have the same meanings when used in this announcement. The Company announces that the over-allotment option in respect of 20,000,000 additional Shares (the "Over- allotment Shares") referred to in the Announcement is fully exercised by BNP Prime Peregrine Securities Limited on 11th February, 2000, solely to cover over-allocations in the Placing. The Over-allotment Shares are placed at a price of HK$40.38 per Share, being the Placing Price. The placees are third parties independent of, and not acting in concert with, any of the directors, chief executive or substantial shareholders of the Company, any of its subsidiaries or any of their respective associates (as defined in the Listing Rules). As the over-allotment option is fully exercised, the net proceeds of the Subscription are estimated to be about HK$3,941 million. The Over-allotment Shares represent about 0.94 per cert. of the existing issued share capital of the Company and represent about 0.90 per cent. of the enlarged issued share capital of the Company immediately after completion of the Placing and the Subscription. Upon completion of the Placing (including the Over-allotment Shares), the beneficial interest of CITIC HK and its associates (as defined in the Listing Rules), in the issued share capital of the Company will be reduced from about 30.6 per cent. to about 25.9 per cent. Such interest will then be increased to about 29.2 per cent. after completion of the Placing and the Subscription, which is expected to be on or before 24th February, 2000. By Order of the Board CITIC PACIFIC LIMITED Alice Tso Mun Wai Secretary Hong Kong, 11th February, 2000