POSTAL SAVINGS BANK of CHINA : ANNOUNCEMENT IN RELATION TO THE APPROVAL FROM CSRC CONCERNING THE NON-PUBLIC I... 2017-09-13

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Bank.

Distribution of this announcement into jurisdictions other than Hong Kong may be restricted by laws. Persons into whose possession this announcement comes should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Neither this announcement nor any copy thereof may be released into or distributed in the United States or any other jurisdiction where such release or distribution might be unlawful. The Offshore Preference Shares and the H Shares issuable upon conversion of the Offshore Preference Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") or the securities laws of any State of the United States or other jurisdiction, and the Offshore Preference Shares may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable State or local securities laws. There is no intention to register any portion of any securities described herein in the United States or to conduct a public offering of securities in the United States.

中 國 郵 政 儲 蓄 銀 行 股 份 有 限 公 司

(A joint stock limited liability company incorporated in the People's Republic of China)

Reference is made to the shareholders' circular of Postal Savings Bank of China Co., Ltd. (the "Bank") dated April 24, 2017 (the "Circular") and the announcements of the Bank dated June 8, 2017 and August 4, 2017, respectively. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as defined in the Circular.

The Bank has received the "Approval Concerning the Issuance of Offshore Preference Shares by Postal Savings Bank of China Co., Ltd." (Zheng Jian Xu Ke [2017] No.1675) issued by the CSRC on September 13, 2017, pursuant to which, the CSRC approved the Bank's issuance of not more than 500 million Offshore Preference Shares, with each Offshore Preference Share having a par value of RMB100. The Bank may complete the issuance in multiple series, and the intervals between any two series shall not be less than 3 months, with each series having an issuance size of not less than 25% of the total approved quota. The unused quota will lose effect automatically upon the expiry of the validity period of this approval. The Offshore Preference Shares may be listed on the Hong Kong Stock Exchange after issuance. Furthermore, the CSRC also approved the

mandatory conversion of the Offshore Preference Shares into Ordinary Shares upon the occurrence of certain trigger events and the Ordinary Shares so converted may be listed on the Hong Kong Stock Exchange.

The Bank will deal with the relevant matters in respect of the issuance of Offshore Preference Shares in accordance with relevant laws and regulations, the requirements set out in the relevant approvals from the regulatory authorities including the CSRC and the authorizations granted by the shareholders' general meetings of the Bank.

By order of the Board of Directors

Joint Company Secretary

Beijing, PRC September 13, 2017

As at the date of this announcement, the Board comprises Mr. Li Guohua as Chairman and non-executive Director; Mr. Lyu Jiajin, Mr. Zhang Xuewen and Ms. Yao Hong as executive Directors; Mr. Han Wenbo, Mr. Tang Jian, Mr. Liu Yaogong and Mr. Chin Hung I David as non-executive Directors; Mr. Ma Weihua, Ms. Bi Zhonghua, Mr. Fu Tingmei and Mr. Gan Peizhong as independent non-executive Directors.

* Postal Savings Bank of China Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong.