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.

Stock Code: 1398 USD Preference Shares Stock Code: 4603 EUR Preference Shares Stock Code: 4604 RMB Preference Shares Stock Code: 84602 ANNOUNCEMENT ON THE RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Sir Malcolm Christopher McCarthy, an independent non-executive director of Industrial and Commercial Bank of China Limited (the "Bank"), has ceased to act as an independent non- executive director of the Bank as well as vice chairman of the Strategy Committee, member of the Risk Management Committee, member of the Nomination Committee and member of the Compensation Committee of the board of directors of the Bank (the "Board") since 31 October 2016 due to expiration of his term of office. Sir Malcolm Christopher McCarthy has confirmed that he has no disagreement with the Board and there are no matters relating to his retirement that need to be brought to the attention of the shareholders and creditors of the Bank.

Sir Malcolm Christopher McCarthy performed his duties diligently and conscientiously since he joined the Board and has made important contributions in areas including corporate governance, operation of the Board, development strategy, risk control, as well as international and diversified development of the Bank. The Board would like to express its sincere gratitude to Sir Malcolm Christopher McCarthy for his contributions to the Bank during his tenure of service.

The Board of Directors of Industrial and Commercial Bank of China Limited

Beijing, PRC

31 October 2016

As at the date of this announcement, the board of directors comprises Mr. YI Huiman and Mr. ZHANG Hongli as executive directors, Ms. WANG Xiaoya, Ms. GE Rongrong, Mr. FU Zhongjun, Mr. ZHENG Fuqing, Mr. FEI Zhoulin and Mr. CHENG Fengchao as non-executive directors, Mr. Kenneth Patrick CHUNG, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH and Mr. YANG Siu Shun as independent non-executive directors.

ICBC - Industrial and Commercial Bank of China Limited published this content on 31 October 2016 and is solely responsible for the information contained herein.
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