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.

ANNOUNCEMENT UPDATE ON CONNECTED TRANSACTION - DISPOSAL OF 60% EQUITY INTEREST IN SHANDONG ENGINEERING

Reference is made to the announcement of Aluminum Corporation of China Limited* (the "Company") dated 31 October 2017 in relation to the agreement whereby the Company agreed to dispose and CHALIECO agreed to acquire the 60% equity interest in Shandong Engineering (the "Announcement"). Capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

As disclosed in the Announcement, the provision of financial guarantee of up to RMB200 million by Chalco Shandong, a wholly-owned subsidiary of the Company, for Shandong Engineering for a term of not more than one year was considered and approved at the twelfth meeting of the sixth session of the Board held on 27 July 2017. As at the date of the Announcement, Chalco Shandong had provided financial guarantee totalling RMB80 million for Shandong Engineering. On 2 November 2017, the principal of and interest accrued on the loans secured by the above guarantee were repaid to the lending bank by Shandong Engineering. Hence, the financial guarantee provided by Chalco Shandong for Shandong Engineering was released.

The Company hereby confirms that save for the guarantee set out above, there is no other guarantee provided by the Group for Shandong Engineering.

By order of the Board

Aluminum Corporation of China Limited* Zhang Zhankui

Company Secretary

Beijing, the PRC 2 November 2017

As at the date of this announcement, the members of the Board comprise Mr. Yu Dehui, Mr. Ao Hong, Mr. Lu Dongliang and Mr. Jiang Yinggang (Executive Directors); Mr. Liu Caiming and Mr. Wang Jun (Non-executive Directors); Ms. Chen Lijie, Mr. Hu Shihai and Mr. Lie-A-Cheong Tai Chong, David (Independent Non-executive Directors).

* For identification purposes only

CHINALCO - Aluminum Corporation of China Ltd. published this content on 02 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2017 14:40:05 UTC.

Original documenthttp://www.chalco.com.cn/chalcoen/rootfiles/2017/11/02/1509583416460185-1509583416466790.pdf

Public permalinkhttp://www.publicnow.com/view/9B4ADB170EA497D3680FA2400B15E4E14A32468E