Aluminum of China : PROPOSED ACQUISITION OF CARBON ASSETS AND EQUITY I…

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VOLUNTARY ANNOUNCEMENT

PROPOSED ACQUISITION OF CARBON ASSETS AND

EQUITY INTERESTS

This announcement is made by Aluminum Corporation of China Limited* (the "Company") on a voluntary basis.

On 18 July 2018, the acquisition of carbon assets and equity interests owned or held by certain affiliated enterprises of Chinalco Assets Operation and Management Co., Ltd* ( ʕ቙༟ପ຾ᐄ၍ଣϞࠢʮ̡ ) ("Chinalco Assets") by the Company and its subsidiaries was considered and approved at the 28th meeting of the sixth session of the board of directors of the Company (the "Board"). Such acquisition includes: (i) the acquisition of the assets and relevant liabilities of the carbon plant under Shandong Aluminum Industry Co., Ltd* ( ʆ؇቙ุϞࠢʮ̡ ) by Chalco Shandong Co., Ltd.* ( ʕ቙ʆ؇Ϟࠢʮ̡ ); (ii) the acquisition of the assets and relevant liabilities of the carbon plant under Pingguo Aluminum Company Limited* ( ̻؈቙ุϞࠢʮ ̡ ) by Guangxi Branch of the Company; (iii) the acquisition of 49% equity interests in Baotou Sendu Carbon Company Limited* ( ̍᎘̹ಌே၁९Ϟࠢʮ̡ ) held by Baotou Aluminum (Group) Co., Ltd.* ( ̍᎘቙ุ€ණྠϞࠢப΂ʮ̡ ) by Baotou Aluminum Co., Ltd.* ( ̍᎘቙ุϞࠢʮ̡ ); and (iv) the acquisition of 57.69% and 19.96% equity interests in Chibi Great Wall Carbon Products Company Limited* €ԏኣڗ۬ލ९ႡۜϞࠢʮ̡ held respectively by China Great Wall Aluminum Corporation* ( ʕ਷ڗ۬቙ุϞࠢʮ̡ ) and Henan Great Wall Zhongxin Industry Company Limited* ( ئیڗ۬଺㒥ྼٰุ΅Ϟࠢʮ̡ ) by Chalco Mining Co.,

Ltd.* ( ʕ቙ᘤุϞࠢʮ̡ ).

As at the date of this announcement, the aforesaid carbon assets and equity interests are indirectly controlled or held by Chinalco Assets. Chinalco Assets is a wholly-owned subsidiary of Aluminum Corporation of China* ("Chinalco"), the controlling shareholder of the Company, and therefore is a connected person of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"). As such, the transactions constitute connected transactions under Chapter 14A of the Hong Kong Listing Rules. Mr. Yu Dehui and Mr. Ao Hong, directors of the Company, concurrently holding office in Chinalco, had abstained from voting on the relevant Board resolution(s) in relation to such transactions.

As at the date of this announcement, the relevant parties have not entered into any concrete agreement in relation to the aforesaid acquisition of carbon assets and equity interests. In the event of entering into concrete agreements, the Company will fulfil its information disclosure obligations in a timely manner in accordance with the applicable requirements under the Hong Kong Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Aluminum Corporation of China Limited*

Zhang Zhankui

Company Secretary

Beijing, the PRC

18 July 2018

As at the date of this announcement, the members of the Board comprise Mr. Yu Dehui, Mr. Lu Dongliang and Mr. Jiang Yinggang (Executive Directors); Mr. Ao Hong 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