Agricultural Bank of China : ANNOUNCEMENT ON THE APPROVAL OF ISSUE OF TIER-2 CAPITAL BONDS2022-06-07

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.

AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 業 銀 行 股 份 有 限 公 司

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

(Stock Code: 1288)

ANNOUNCEMENT ON

THE APPROVAL OF ISSUE OF TIER-2 CAPITAL BONDS

As considered and approved at the 2022 first extraordinary general meeting of Agricultural Bank of China Limited (the "Bank"), the Bank proposed to issue write-down eligible tier-2 capital instruments of not exceeding RMB200 billion in the domestic and overseas markets.

The Bank has received the Approval of the Issue of Tier-2 Capital Bonds by the Agricultural Bank of China Limited (Yin Bao Jian Fu [2022] No. 362) from the China Banking and Insurance Regulatory Commission, pursuant to which the Bank has been approved to publicly issue tier-2capital bonds of not exceeding RMB200 billion in the national inter-bankbond market.

The Bank will continue to perform its obligation of information disclosure regarding the issue of tier-2 capital bonds in accordance with relevant regulatory requirements.

By order of the Board

Agricultural Bank of China Limited

HAN Guoqiang

Company Secretary

Beijing, the PRC

7 June 2022

As at the date of this announcement, the executive directors are Mr. GU Shu, Mr. ZHANG Qingsong, Mr. ZHANG Xuguang and Mr. LIN Li; the non-executive directors are Mr. LIAO Luming, Mr. LI Wei, Ms. ZHOU Ji, Mr. LIU Xiaopeng and Mr. XIAO Xiang and the independent non-executive directors are Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret, Mr. LIU Shouying and Mr. WU Liansheng.