Result of the tenders of RMB Sovereign Bonds held on 30 November 2010

Tender Result

Tender Date                      :      30 November 2010

Bonds available for Tender       :      Three-year Bonds

Issue Number                     :      BCMKFB10032

Issue Date                       :      1 December 2010

Maturity Date                    :      1 December 2013 (or the
                                        closest interest payment date)

Application Amount               :      RMB29,658 million

Issue Amount                     :      RMB2,000 million

Average accepted Interest Rate   :      0.8902%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      1.00%

Lowest accepted Interest Rate    :      0.50%

Allocation Ratio                 :      Approximately 37.77%

Tender Date                      :      30 November 2010

Bonds available for Tender       :      Five-year Bonds

Issue Number                     :      BCMKFB10033

Issue Date                       :      1 December 2010

Maturity Date                    :      1 December 2015 (or the
                                        closest interest payment date)

Application Amount               :      RMB14,118.5 million

Issue Amount                     :      RMB2,000 million

Average accepted Interest Rat    :      1.6095%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      1.80%

Lowest accepted Interest Rate    :      0.50%

Allocation Ratio                 :      Approximately 61.63%

Tender Date                      :      30 November 2010

Bonds available for Tender       :      Ten-year Bonds

Issue Number                     :      BCMKFB10034

Issue Date                       :      1 December 2010

Maturity Date                    :      1 December 2020 (or the
                                        closest interest payment date)

Application Amount               :      RMB5,478.5 million

Issue Amount                     :      RMB1,000 million

Average accepted Interest Rate   :      2.2713%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      2.48%

Lowest accepted Interest Rate    :      1.20%

Allocation Ratio                 :      Approximately 50%