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1 Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the Stock Exchange ) and Hong Kong Securities Clearing Company Limited ( HKSCC ) 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 offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for any securities. Potential investors should read the prospectus dated 19 May 2016 (the Prospectus ) of BOC Aviation Limited (the Company ) for detailed information about the Company and the Global Offering described below before deciding whether or not to invest in the Offer Shares. This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States or any other jurisdiction where such distribution is prohibited by law. This announcement does not constitute and is not an offer to sell or a solicitation of any offer to buy securities in Hong Kong, Singapore, the United States or elsewhere. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933 (the U.S. Securities Act ) or any state securities laws of the United States and may not be offered or sold in the United States absent registration under the U.S. Securities Act or except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. There will be no public offering of securities of the Company in the United States or Singapore. In connection with the Global Offering, Goldman Sachs (Asia) L.L.C., as stabilising manager (the Stabilising Manager ) (or any person acting for it), on behalf of the Underwriters, may over-allocate or effect transactions with a view to stabilising or supporting the market price of the Shares at a level higher than that which might otherwise prevail for a limited period after the Listing Date. However, there is no obligation on the Stabilising Manager (or any person acting for it), to conduct any such stabilising action. Such stabilising action, if taken, (a) will be conducted at the absolute discretion of the Stabilising Manager (or any person acting for it) and in what the Stabilising Manager reasonably regards as the best interest of the Company, (b) may be discontinued at any time and (c) is required to be brought to an end within 30 days of the last day for lodging applications under the Hong Kong Public Offering. Such stabilising action, if commenced, may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules, as amended, made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Potential investors should be aware that stabilising action cannot be taken to support the price of the Shares for longer than the stabilisation period which begins on the Listing Date and will expire on the 30th day after the date of closing of the application lists under the Hong Kong Public Offering. After this date, no further stabilising action may be taken, demand for the Shares, and therefore the price of the Shares, could fall. Potential investors of the Offer Shares should note that the Joint Global Coordinators (jointly for themselves and on behalf of the Hong Kong Underwriters) are entitled to terminate their obligations under the Hong Kong Underwriting Agreement by giving written notice to the Company and the Selling Shareholder, upon the occurrence of any of the events set out in the section headed Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for Termination in the Prospectus, at any time at or prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Wednesday, 1 June 2016). Unless defined herein, terms used in this announcement shall have the same meanings as those defined in the Prospectus. 1

2 BOC AVIATION LIMITED * (Incorporated in the Republic of Singapore with limited liability) Number of Offer Shares under the Global Offering GLOBAL OFFERING : 208,203,000 Shares (comprising 104,101,500 New Shares and 104,101,500 Sale Shares and subject to the Over-allotment Option) Number of Hong Kong Offer Shares : 31,230,600 New Shares (as adjusted after reallocation) Number of International Offer Shares : 176,972,400 Shares (comprising 72,870,900 New Shares and 104,101,500 Sale Shares as adjusted after reallocation and subject to the Over-allotment Option) Offer Price : HK$42.00 per Offer Share plus brokerage of 1.0%, SFC transaction levy of % and Stock Exchange trading fee of 0.005% Stock code : 2588 Sole Financial Adviser SC2(iii) Joint Sponsors A1A3 SC2(ii),(vi) Joint Global Coordinators and Joint Bookrunners Joint Bookrunners (in alphabetical order) ANNOUNCEMENT OF OFFER PRICE AND ALLOTMENT RESULTS * For identification purpose only 2

3 SUMMARY Based on the Offer Price of HK$42.00 per Offer Share, the net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting commissions and the expenses in relation to the Global Offering payable by the Company in connection with the Global Offering, is estimated to be approximately HK$4,246 million. The Company intends to use the entire net proceeds from the Global Offering to fund pre-delivery payments for and future purchases of aircraft to grow the Group s owned aircraft portfolio. A total of 15,183 valid applications have been received pursuant to the Hong Kong Public Offering on WHITE and YELLOW Application Forms, through giving electronic application instructions to HKSCC via CCASS and through the White Form eipo service ( for a total of 602,992,300 Hong Kong Offer Shares, representing approximately times of the total number of 15,615,400 Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering. Due to the over-subscription in the Hong Kong Public Offering, the reallocation procedures as described in the section headed Structure of the Global Offering The Hong Kong Public Offering Reallocation in the Prospectus have been applied. A total number of 15,615,200 International Offer Shares have been reallocated from the International Offering to the Hong Kong Public Offering. As a result of such reallocation, the final number of Offer Shares allocated to the Hong Kong Public Offering is 31,230,600 Offer Shares, representing approximately 15% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option). The Offer Shares initially offered under the International Offering were well over-subscribed. After the aforementioned reallocation, the final number of Offer Shares under the International Offering is 176,972,400 Offer Shares, representing approximately 85% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option). 3

4 Based on the Offer Price of HK$42.00 per Offer Share and pursuant to the cornerstone investment agreements entered into with the Cornerstone Investors, each of (1) China Investment Corporation (investing through Beijing Hanguang Investment Corporation), (2) Silk Road Fund Co., Ltd. (investing through CIZJ Limited), (3) China Development Bank International Holdings Limited, (4) China Life Franklin Asset Management Co., Limited, (5) Oman Investment Fund, (6) Hony Capital Group, L.P. (investing through Colour Wish Limited), (7) Elion Resources Group Limited (investing through Elion International Investment Limited), (8) Fullerton Fund Management Company Ltd. (acting for and on behalf of certain funds and investment accounts under its management), (9) Fosun International Limited (investing through Peak Reinsurance Company Limited), (10) The Boeing Company and (11) China South Industries Assets Management Co., Ltd has purchased 18,478,500 Offer Shares, 18,478,500 Offer Shares, 11,087,100 Offer Shares, 9,239,200 Offer Shares, 9,239,200 Offer Shares, 9,239,200 Offer Shares, 7,391,400 Offer Shares, 7,021,800 Offer Shares, 6,467,500 Offer Shares, 5,543,500 Offer Shares and 5,543,500 Offer Shares, representing in aggregate (i) approximately 15.5% of the Company s total Shares in issue immediately following the completion of the Global Offering, and (ii) approximately 51.7% of the total number of Offer Shares under the Global Offering, assuming that the Over-allotment Option is not exercised. Please refer to the section headed Cornerstone Investors in the Prospectus for further details relating to the Cornerstone Investors. Certain Offer Shares were placed to close associates of existing shareholders of the Company and/or connected clients of the Joint Global Coordinators, the Joint Bookrunners and/or the Joint Lead Managers within the meaning of the placing guidelines for equity securities as set out in Appendix 6 to the Listing Rules. Following the waiver and/or consent of the Stock Exchange having been obtained, 400,000 Offer Shares were placed to China Reinsurance Group Corporation (investing through China Re Asset Management (Hong Kong) Company Ltd.), 1,500,000 Offer Shares were placed to ICBC Credit Suisse Asset Management Co., Ltd. (investing through ICBC Credit Suisse Asset Management (International) Company Limited), and 1,400,000 Offer Shares were placed to New China Asset Management Co., Ltd. (investing through New China Asset Management (Hong Kong) Limited). China Reinsurance Group Corporation, ICBC Credit Suisse Asset Management Co., Ltd. and New China Asset Management Co., Ltd. are close associates of existing shareholders of the Company and/or connected clients of BOCI and China Securities (International) Corporate Finance Company Limited. 4

5 In connection with the Global Offering, the Selling Shareholder has granted the Over-allotment Option to the International Underwriters, exercisable by the Joint Global Coordinators (on behalf of the International Underwriters), at any time from the Listing Date to Thursday, 23 June, 2016, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering, to require the Selling Shareholder to sell up to an aggregate of 31,230,400 Shares, representing not more than approximately 15% of the total number of Offer Shares initially available under the Global Offering, at the Offer Price under the International Offering to, amongst other things, cover over-allocations in the International Offering, if any. There has been an over-allocation of 31,230,400 Shares in the International Offering and such over-allocation will be settled using Shares to be borrowed under the Stock Borrowing Agreement between the Selling Shareholder and the Stabilising Manager. Such borrowed Shares will be covered by exercising the Over-allotment Option or by making purchases in the secondary market or by a combination of these means. In the event the Over-allotment Option is exercised, an announcement will be made on the Stock Exchange s website at and the Company s website at As of the date of this announcement, the Over-allotment Option has not been exercised. The level of indications of interest in the International Offering, the level of applications in the Hong Kong Public Offering and the basis of allocation of the Hong Kong Offer Shares will be published on Tuesday, 31 May 2016 in the South China Morning Post (in English), the Hong Kong Economic Times (in Chinese), the website of the Stock Exchange at and the Company s website at The results of allocations for the Hong Kong Public Offering, including the Hong Kong identity card/passport/hong Kong business registration numbers of successful applicants (where supplied) and the number of Hong Kong Offer Shares successfully allotted under the Hong Kong Public Offering will be made available at the times and dates and in the manner specified below: in the announcement to be posted on the websites of the Company and the Stock Exchange at and respectively, by no later than Tuesday, 31 May 2016; 5

6 from the designated results of allocations website at with a search by ID function on a 24 hour basis from 8:00 a.m. on Tuesday, 31 May 2016 to 12:00 midnight on Monday, 6 June 2016; from the allocation results telephone enquiry line by calling between 9:00 a.m. and 10:00 p.m. from Tuesday, 31 May 2016 to Friday, 3 June 2016; and in the special allocation results booklets which will be available for inspection during the opening hours of the individual receiving bank branches from Tuesday, 31 May 2016 to Thursday, 2 June 2016 at the addresses set out in the paragraph headed Results of Allocations in this announcement. Applicants who applied for 1,000,000 Hong Kong Offer Shares or more on WHITE Application Forms or through the White Form eipo service, and who have been successfully or partially successfully allocated Hong Kong Offer Shares and who are eligible to collect Share certificates (where applicable) in person, may collect Share certificates (where applicable) from the Hong Kong Share Registrar, Computershare Hong Kong Investor Services Limited at Shops , 17th Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Tuesday, 31 May 2016, or any other place or date notified by the Company in the newspapers. Share certificates for Hong Kong Offer Shares allocated to applicants who applied on WHITE Application Forms or through the White Form eipo service which are either not available for personal collection or which are available but are not collected in person by 1:00 p.m. on Tuesday, 31 May 2016, are expected to be despatched by ordinary post to those entitled to the addresses specified in the relevant WHITE Application Forms or in the relevant application instructions through the White Form eipo service at their own risk on or before Tuesday, 31 May

7 Wholly or partially successful applicants who applied on YELLOW Application Forms or who applied by giving electronic application instructions to HKSCC will have their Share certificate(s) issued in the name of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS Investor Participant stock account or the stock account of their designated CCASS Participant who gave electronic application instructions on their behalf or as instructed by them in their YELLOW Application Form at the close of business on Tuesday, 31 May 2016 or in the event of a contingency, on any other date determined by HKSCC or HKSCC Nominees. Applicants who applied through a designated CCASS Participant (other than a CCASS Investor Participant) should check the number of Hong Kong Offer Shares allocated to them with that CCASS Participant. Applicants who applied for 1,000,000 Hong Kong Offer Shares or more on WHITE or YELLOW Application Forms and who are eligible to collect refund cheque(s) (where applicable) in person, may collect their refund cheque(s) (where applicable) from the Hong Kong Share Registrar, Computershare Hong Kong Investor Services Limited at Shops , 17th Floor, Hopewell Centre, 183 Queen s Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Tuesday, 31 May Refund cheques in respect of wholly or partially unsuccessful applications which are either not available for personal collection or which are available but are not collected in person by 1:00 p.m. on Tuesday, 31 May 2016, are expected to be despatched by ordinary post to those entitled at their own risk on or before Tuesday, 31 May Applicants who applied through White Form eipo service and paid the application monies from a single bank account will have refund monies (if any) despatched to their application payment account in the form of e-refund payment instructions on Tuesday, 31 May Applicants who applied through the White Form eipo service and paid the application monies from multiple bank accounts will have refund monies (if any) despatched to the address as specified on their White Form eipo application in the form of refund cheque(s), by ordinary post at their own risk on or before Tuesday, 31 May

8 Refund monies (if any) for applicants who have applied by giving electronic application instructions to HKSCC via CCASS are expected to be credited to their designated bank accounts or the designated bank account of their broker or custodian on Tuesday, 31 May Share certificates will only become valid at 8:00 a.m. on the Listing Date which is expected to be Wednesday, 1 June 2016 provided that the Global Offering has become unconditional in all respects at or before that time and the right of termination described in the section headed Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for Termination in the Prospectus has not been exercised. The Company will not issue any temporary documents of title in respect of the Offer Shares. No receipt will be issued for sums paid on application. Assuming that the Global Offering becomes unconditional in all aspects at or before 8:00 a.m. on Wednesday, 1 June 2016, dealings in the Shares on the Main Board of the Stock Exchange are expected to commence at 9:00 a.m. on Wednesday, 1 June The Shares will be traded in board lots of 100 Shares each. The stock code of the Shares is NET PROCEEDS FROM THE GLOBAL OFFERING Based on the Offer Price of HK$42.00 per Offer Share, the net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting commissions and the expenses in relation to the Global Offering payable by the Company in connection with the Global Offering, is estimated to be approximately HK$4,246 million. The Company intends to use the entire net proceeds from the Global Offering to fund pre-delivery payments for and future purchases of aircraft to grow the Group s owned aircraft portfolio. 8

9 APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED Hong Kong Public Offering The Directors announce that the Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. At the close of the application lists at 12:00 noon on Tuesday, 24 May, 2016, a total of 15,183 valid applications pursuant to the Hong Kong Public Offering (including applications on WHITE and YELLOW Application Forms, by giving electronic application instructions to HKSCC via CCASS and through the White Form eipo service) for a total of 602,992,300 Hong Kong Offer Shares were received, representing approximately times of the total number of 15,615,400 Hong Kong Offer Shares available for subscription under the Hong Kong Public Offering. Among the valid applications: 14,734 valid applications in respect of a total of 132,299,900 Hong Kong Offer Shares were for the Hong Kong Public Offering with an aggregate subscription amount based on the Offer Price of HK$42.00 per Offer Share (excluding brokerage of 1.0%, SFC transaction levy of % and Stock Exchange trading fee of 0.005%) of HK$5 million or less, representing approximately times of the 7,807,700 Hong Kong Offer Shares initially comprised in pool A; and 449 valid applications in respect of a total of 470,692,400 Hong Kong Offer Shares were for the Hong Kong Public Offering with an aggregate subscription amount based on the Offer Price of HK$42.00 per Offer Share (excluding brokerage of 1.0%, SFC transaction levy of % and Stock Exchange trading fee of 0.005%) of more than HK$5 million, representing approximately times of the 7,807,700 Hong Kong Offer Shares initially comprised in pool B. Applications not completed in accordance with the instructions set out in the Application Forms have been rejected. 13 multiple applications or suspected multiple applications have been rejected. 7 applications have been rejected due to bounced cheques. 2 applications have been rejected due to invalid applications. No application for more than 7,807,700 Hong Kong Offer Shares has been identified. 9

10 Due to the over-subscription in the Hong Kong Public Offering, the reallocation procedures as described in the section headed Structure of the Global Offering The Hong Kong Public Offering Reallocation in the Prospectus have been applied. A total number of 15,615,200 International Offer Shares have been reallocated from the International Offering to the Hong Kong Public Offering. As a result of such reallocation, the final number of Offer Shares allocated to the Hong Kong Public Offering is 31,230,600 Offer Shares, representing approximately 15% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option). The Hong Kong Offer Shares offered in the Hong Kong Public Offering were allocated on the basis set out in the paragraph headed Basis of allocation under the Hong Kong Public Offering below. International Offering The Directors announce that the Offer Shares initially offered under the International Offering were well over-subscribed. After the aforementioned reallocation, the final number of Offer Shares under the International Offering is 176,972,400 Offer Shares, representing approximately 85% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option). Based on the Offer Price of HK$42.00 per Offer Share and pursuant to the cornerstone investment agreements entered into with the Cornerstone Investors, the number of Offer Shares purchased by the Cornerstone Investors is set out below: Cornerstone Investor Number of Offer Shares Purchased Assuming the Over-allotment Option is not exercised Approximate % of the Offer Shares Assuming the Over-allotment Option is exercised in full Approximate % of the Shares immediately following the completion of the Global Offering China Investment Corporation (investing through Beijing Hanguang Investment Corporation) 18,478, % 7.7% 2.7% Silk Road Fund Co., Ltd. (investing through CIZJ Limited) 18,478, % 7.7% 2.7% 10

11 Cornerstone Investor Number of Offer Shares Purchased Assuming the Over-allotment Option is not exercised Approximate % of the Offer Shares Assuming the Over-allotment Option is exercised in full Approximate % of the Shares immediately following the completion of the Global Offering China Development Bank International Holdings Limited 11,087, % 4.6% 1.6% China Life Franklin Asset Management Co., Limited 9,239, % 3.9% 1.3% Oman Investment Fund 9,239, % 3.9% 1.3% Hony Capital Group, L.P. (investing through Colour Wish Limited) 9,239, % 3.9% 1.3% Elion Resources Group Limited (investing through Elion International Investment Limited) 7,391, % 3.1% 1.1% Fullerton Fund Management Company Ltd. (acting for and on behalf of certain funds and investment accounts under its management) 7,021, % 2.9% 1.0% Fosun International Limited (investing through Peak Reinsurance Company Limited) 6,467, % 2.7% 0.9% The Boeing Company 5,543, % 2.3% 0.8% China South Industries Assets Management Co., Ltd 5,543, % 2.3% 0.8% Total 107,729, % 45.0% 15.5% Please refer to the section headed Cornerstone Investors in the Prospectus for further details relating to the Cornerstone Investors. 11

12 Certain Offer Shares were placed to close associates of existing shareholders of the Company and/or connected clients of the Joint Global Coordinators, the Joint Bookrunners and/or the Joint Lead Managers within the meaning of the placing guidelines for equity securities as set out in Appendix 6 to the Listing Rules (the Placing Guidelines ), details of which are set out below: Joint Global Coordinator / Joint Bookrunner / Joint Lead Manager Placee Number of Offer Shares placed Approximate % of the Offer Shares Assuming the Over-allotment Option is not exercised Assuming the Over-allotment Option is exercised in full Relationship with existing shareholders of the Company, the Underwriters and/or the Joint Lead Managers BOCI / China Securities (International) Corporate Finance Company Limited ( CSCI ) China Reinsurance Group Corporation (investing through China Re Asset Management (Hong Kong) Company Ltd.) 400, % 0.2% Central Huijin Investment Ltd. ( Central Huijin ) holds 71.56% of the total capital of China Reinsurance Group Corporation. As a result, China Reinsurance Group Corporation is a close associate (as defined under the Listing Rules) of Central Huijin. As Central Huijin also holds 64% of the issued shares in BOC and 40% of the issued shares in China Securities Co., Ltd ( CSC ), China Reinsurance Group Corporation is a connected client of BOCI and CSCI (a wholly-owned subsidiary of CSC). 12

13 Joint Global Coordinator / Joint Bookrunner / Joint Lead Manager Placee Number of Offer Shares placed Approximate % of the Offer Shares Assuming the Over-allotment Option is not exercised Assuming the Over-allotment Option is exercised in full Relationship with existing shareholders of the Company, the Underwriters and/or the Joint Lead Managers BOCI/CSCI ICBC Credit Suisse Asset Management Co., Ltd. (investing through ICBC Credit Suisse Asset Management (International) Company Limited) 1,500, % 0.6% Central Huijin holds 34.71% of the total capital of Industrial and Commercial Bank of China Limited ( ICBC ). ICBC Credit Suisse Asset Management Co., Ltd. is an indirect subsidiary of ICBC. As a result, ICBC Credit Suisse Asset Management Co., Ltd. is a close associate of Central Huijin. As Central Huijin also holds 64% of the issued shares in BOC and 40% of the issued shares in CSC, ICBC Credit Suisse Asset Management Co., Ltd. is a connected client of BOCI and CSCI. BOCI/CSCI New China Asset Management Co., Ltd. (investing through New China Asset Management (Hong Kong) Limited) 1,400, % 0.6% Central Huijin holds 31.34% of the total capital of New China Life Insurance Company Limited ( New China Life ). New China Asset Management Co., Ltd. is a subsidiary of New China Life. As a result, New China Asset Management Co., Ltd. is a close associate of Central Huijin. As Central Huijin also holds 64% of the issued shares in BOC and 40% of the issued shares in CSC, New China Asset Management Co., Ltd. is a connected client of BOCI and CSCI. 13

14 Each of the Joint Global Coordinators, the Joint Bookrunners and the Joint Lead Managers confirms that, to the best of its knowledge, the Offer Shares allocated under each of the aforementioned placements were not made on a preferential basis. On these bases, the Hong Kong Stock Exchange has granted consent to these placements. Save as disclosed in the foregoing and in the Prospectus for which waiver and/or consent of the Stock Exchange have been obtained, the Directors confirm that no Offer Shares have been allocated to investors who are: (i) Directors or existing beneficial owners of Shares and/or any of the Company s subsidiaries; or (ii) core connected persons of the Company; or (iii) the close associates of (i) and/or (ii) whether in their own names or through nominees. The International Offering is in compliance with the Placing Guidelines. None of the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Underwriters and their affiliated companies and the connected clients (as defined in the Placing Guidelines) has taken up any Offer Shares for its own benefits under the Global Offering, save as disclosed in the foregoing and in the Prospectus for which waiver and/or consent of the Stock Exchange have been obtained. The Directors confirm that the three largest public shareholders of the Company do not hold more than 50% of the Shares held in public hands at the time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules. The Directors further confirm that none of the placees under the International Offering will become a substantial shareholder (as defined under the Listing Rules) of the Company after the Global Offering, and the Company s public float after the Global Offering will satisfy the minimum percentage prescribed by Rule 8.08(1)(a) of the Listing Rules. No placee will, individually, be placed with more than 10% of the enlarged issued share capital of the Company immediately after the Global Offering. As such, the Directors confirm that (i) there will not be any new substantial shareholder immediately after the Global Offering, and the number of Shares in public hands will satisfy the minimum percentage as required under Rule 8.08 of the Listing Rules; and (ii) the Shares will be held by at least 300 shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules. 14

15 OVER-ALLOTMENT OPTION In connection with the Global Offering, the Selling Shareholder has granted the Over-allotment Option to the International Underwriters, exercisable by the Joint Global Coordinators (on behalf of the International Underwriters), at any time from the Listing Date to Thursday, 23 June, 2016, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering, to require the Selling Shareholder to sell up to an aggregate of 31,230,400 Shares, representing not more than approximately 15% of the total number of Offer Shares initially available under the Global Offering, at the Offer Price under the International Offering to, amongst other things, cover over-allocations in the International Offering, if any. There has been an over-allocation of 31,230,400 Shares in the International Offering and such over-allocation will be settled using Shares to be borrowed under the Stock Borrowing Agreement between the Selling Shareholder and the Stabilising Manager. Such borrowed Shares will be covered by exercising the Over-allotment Option or by making purchases in the secondary market or by a combination of these means. In the event the Over-allotment Option is exercised, an announcement will be made on the Stock Exchange s website at and the Company s website at As of the date of this announcement, the Over-allotment Option has not been exercised. 15

16 BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING Subject to the satisfaction of the conditions set out in the section headed Structure of the Global Offering The Hong Kong Public Offering in the Prospectus, valid applications made on WHITE and YELLOW Application Forms and by giving electronic application instructions to HKSCC via CCASS and by applying through the White Form eipo service will be conditionally allocated on the basis set out below: POOL A Number of Shares applied for Number of valid applications Basis of allocation Approximate percentage allotted of the total number of Shares applied for 100 1, Shares % Shares plus 483 out of 965 to 75.03% receive additional 100 Shares 300 1, Shares plus 1,081 out of 65.00% 1,138 to receive additional 100 Shares Shares 50.00% Shares plus 239 out of 690 to 46.93% receive additional 100 Shares Shares plus 106 out of 173 to 43.55% receive additional 100 Shares Shares 42.86% Shares plus 64 out of 227 to 41.02% receive additional 100 Shares Shares plus 72 out of 111 to receive additional 100 Shares 40.54% 16

17 Number of Shares applied for Number of valid applications Basis of allocation Approximate percentage allotted of the total number of Shares applied for 1,000 1, Shares 40.00% 1,500 1, Shares 33.33% 2, Shares 30.00% 2, Shares 28.00% 3, Shares 26.67% 3, Shares 25.71% 4, ,000 Shares 25.00% 4, ,100 Shares 24.44% 5, ,200 Shares 24.00% 6, ,400 Shares 23.33% 7, ,600 Shares 22.86% 8, ,800 Shares 22.50% 9, ,000 Shares 22.22% 10, ,200 Shares 22.00% 20, ,600 Shares 13.00% 30, ,000 Shares 10.00% 40, ,400 Shares 8.50% 50, ,800 Shares 7.60% 60, ,200 Shares 7.00% 70, ,600 Shares 6.57% 80, ,000 Shares 6.25% 90, ,400 Shares 6.00% 100, ,700 Shares 5.70% TOTAL 14,734 17

18 POOL B Number of Shares applied for Number of valid applications Basis of allocation Approximate percentage allotted of the total number of Shares applied for 200, ,000 Shares 5.00% 300, ,500 Shares 4.50% 400, ,800 Shares 4.20% 500, ,000 Shares 4.00% 600, ,400 Shares 3.90% 700, ,600 Shares 3.80% 800, ,000 Shares 3.75% 900, ,100 Shares 3.68% 1,000, ,000 Shares 3.60% 2,000, ,000 Shares 3.20% 3,000, ,500 Shares 3.15% 4,000, ,000 Shares 3.05% 5,000, ,000 Shares 2.82% 6,000, ,100 Shares 2.75% 7,000, ,900 Shares 2.64% 7,807, ,600 Shares 2.63% TOTAL 449 The final number of Offer Shares under the Hong Kong Public Offering is 31,230,600 Offer Shares, representing approximately 15% of the total number of the Offer Shares initially available under the Global Offering (before any exercise of the Over-allotment Option). 18

19 RESULTS OF ALLOCATIONS The level of indications of interest in the International Offering, the level of applications in the Hong Kong Public Offering and the basis of allocation of the Hong Kong Offer Shares will be published on Tuesday, 31 May 2016 in the South China Morning Post (in English), the Hong Kong Economic Times (in Chinese), the website of the Stock Exchange at and the Company s websites at The results of allocations for the Hong Kong Public Offering, including the Hong Kong identity card/passport/hong Kong business registration numbers of successful applicants (where supplied) and the number of Hong Kong Offer Shares successfully allotted under the Hong Kong Public Offering will be made available at the times and dates and in the manner specified below: in the announcement to be posted on the websites of the Company and the Stock Exchange at and respectively, by no later than Tuesday, 31 May 2016; from the designated results of allocations website at with a search by ID function on a 24-hour basis from 8:00 a.m. on Tuesday, 31 May 2016 to 12:00 midnight on Monday, 6 June 2016; from the allocation results telephone enquiry line by calling between 9:00 a.m. and 10:00 p.m. from Tuesday, 31 May 2016 to Friday, 3 June 2016; and in the special allocation results booklets which will be available for inspection during the opening hours of the individual receiving bank branches from Tuesday, 31 May 2016 to Thursday, 2 June 2016 at the addresses set out below: 19

20 Bank of China (Hong Kong) Limited Hong Kong Island Kowloon Branch Name Bank of China Tower Branch Sheung Wan Branch 409 Hennessy Road Branch King s Road Branch Chai Wan Branch Shanghai Street (Mong Kok) Branch Tsim Sha Tsui East Branch Mei Foo Mount Sterling Mall Branch Address 3/F, 1 Garden Road, Central Shop 1-4, G/F, Tung Hip Commercial Building, Des Voeux Road Central Hennessy Road, Wan Chai King s Road, North Point Block B, Walton Estate, Chai Wan Road, Chai Wan Shanghai Street, Mong Kok Shop 3, LG/F, Hilton Towers, 96 Granville Road, Tsim Sha Tsui East Shop N47-49 Mount Sterling Mall, Mei Foo Sun Chuen, Mei Foo New Territories East Point City Branch Shop 101, East Point City, Tseung Kwan O Citywalk Branch Shop 65, G/F, Citywalk, 1 Yeung Uk Road, Tsuen Wan Shatin Branch Shop 20, Level 1, Lucky Plaza, 1-15 Wang Pok Street, Sha Tin Kau Yuk Road Branch Kau Yuk Road, Yuen Long 20

21 Results of applications made by applicants using WHITE Application Forms and White Form eipo The following are the results of successful applications using WHITE Application Forms and White Form eipo. Applicants who have not provided their identification document numbers are not shown. 21

22 Identification HKPO Identification HKPO Identification HKPO Identification HKPO Document Shares Document Shares Document Shares Document Shares Number(s) Allocated Number(s) Allocated Number(s) Allocated Number(s) Allocated 證件號碼 證件號碼 證件號碼 證件號碼 獲配發股份 獲配發股份 獲配發股份 獲配發股份 A A A A A A A A A E A A A A A A A A A A A645992A A A A730234A A A A A A A A A A A A A A A A A A A A A A A A A A E A A A A A957293A A A A A 分配結果 ( 白表 ) Results of Applications (White Form)

23 Identification HKPO Identification HKPO Identification HKPO Identification HKPO Document Shares Document Shares Document Shares Document Shares Number(s) Allocated Number(s) Allocated Number(s) Allocated Number(s) Allocated 證件號碼 證件號碼 證件號碼 證件號碼 獲配發股份 獲配發股份 獲配發股份 獲配發股份 A D224756A 200 E386588A 100 G084772A 100 A D E393346A 300 G B D E G B D E G B D244876A 1100 E G B D E G B D248054A 700 E G B D E G B995567A 200 D E435188A 200 G C D E G136305A 100 C D E G C D E G C D E445039A 300 G C D E G C D E G C D300203A 600 E G C D E G C D E G C D E G C D E G C D E G C D E G C391561A 100 D E G C395089A 100 D E G254807A 600 C D E570302A 200 G C D E G255794A 100 C D379534A 400 E G259487A 100 C D E G C D E G C D E G C D E G C D E G C D E G C D E G359010A 200 C D E G C D E G C D E642437A 600 G C D E G C D E G C D E G C D E G C D E G C D538388A 400 E G C D E G C563992A 300 D E G C D E G C D E754333A 300 G C D E G C D E G510847A 400 C D E G C D E G C D E G C D E G C D E G C D E G C D E G530449A 2200 C D E G C D E G C D649152A 200 E G D D E G D D E G585516A 2200 D D E G D D E G D D705560A 200 E G D D705901A 200 E G D D E G D D E G D D E G D071358A 1200 D E G D D E G637825A 100 D D E G D E E G D E E G D E E G678083A 200 D E E G D E C G D E E G D E E G D E E G699094A 100 D E E G D E E G D E217834A 700 G G D E G G D E G G D E G G D E G G D E G G D E G G 分配結果 ( 白表 ) Results of Applications (White Form)

24 Identification HKPO Identification HKPO Identification HKPO Identification HKPO Document Shares Document Shares Document Shares Document Shares Number(s) Allocated Number(s) Allocated Number(s) Allocated Number(s) Allocated 證件號碼 證件號碼 證件號碼 證件號碼 獲配發股份 獲配發股份 獲配發股份 獲配發股份 H K R Z H K R Z H K R Z319978A 100 H K R Z341706A 200 H K R Z342483A 200 H K S Z H K S Z H K V007554A 500 Z H K V Z H K V Z H K V Z H K V Z H438431A 200 K V Z H K V Z H K V Z H472840A 1400 K V Z H482347A 100 K V Z H K V Z K K V Z K K655718A 200 V Z453938A 200 K012429A 100 K XD Z K K XD Z K K XG Z K K Y Z K037234A 100 K Y Z K045768A 200 K Y Z K K Y Z K046872A 600 K Y Z K K Y Z K K Y Z K K Y Z K K Y Z K K Y Z612568A 100 K K Y Z K K Y Z K K Y Z K K827682A 200 Y Z632111A 200 K K Y Z K K Y Z K K Y Z K K Y Z K K Y270738A 100 Z K K874145A 100 Y Z K K Y Z K K Y Z K K Y359841A 300 Z K229995A 100 K Y Z722973A 100 K K Y417169A 100 Z K K Y Z K K Y Z739059A 200 K KJ Y Z K KJ Y Z K M Y Z K M Y Z K M Y Z K P Y Z K P003670A 400 Z Z K P014801A 100 Z019678A 600 Z K332107A 100 P Z Z K P Z Z K P Z Z K P Z Z K P Z Z K371120A 200 P Z Z K372283A 100 P Z Z K P Z Z K P Z Z K P Z Z K P486920A 400 Z Z K416864A 3400 P Z Z K P Z Z K P Z Z K P Z Z K P Z K P Z K P Z K P Z K P Z221209A 300 K P Z231528A 700 K P Z K P Z245056A 200 K P Z K P Z K P Z K P Z283984A 100 K QA Z284018A 200 K R Z K R Z 分配結果 ( 白表 ) Results of Applications (White Form)