Result of the tenders of RMB Sovereign Bonds held on 28 June 2012

Tender Result

Tender Date                      :      28 June 2012

Bonds available for Tender       :      Three-year RMB Bonds

Issue Number                     :      BCMKFB12024

Issue Date                       :      29 June 2012

Maturity Date                    :      29 June 2015 (or the
                                        closest Coupon payment date)

Application Amount               :      RMB 31,258.5 million

Issue Amount                     :      RMB 7,000 million

Average accepted Interest Rate   :      1.38%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      1.85%

Lowest accepted Interest Rate    :      0.00%

Allocation Ratio                 :      Approximately 15.16%

Tender Date                      :      28 June 2012

Bonds available for Tender       :      Five-year RMB Bonds

Issue Number                     :      BCMKFB12025

Issue Date                       :      29 June 2012

Maturity Date                    :      29 June 2017 (or the closest 
                                        Coupon payment date)

Application Amount               :      RMB 16,912 million

Issue Amount                     :      RMB 5,500 million

Average accepted Interest Rat    :      2.17%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      2.56%

Lowest accepted Interest Rate    :      1.00%

Allocation Ratio                 :      Approximately 11.00%

Tender Date                      :      28 June 2012

Bonds available for Tender       :      Seven-year RMB Bonds

Issue Number                     :      BCMKFB12026

Issue Date                       :      29 June 2012

Maturity Date                    :      29 June 2019 (or the closest 
                                        Coupon payment date)

Application Amount               :      RMB 4,815 million

Issue Amount                     :      RMB 1,000 million

Average accepted Interest Rate   :      2.08%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      2.65%

Lowest accepted Interest Rate    :      1.35%

Allocation Ratio                 :      Approximately 5.10%

Tender Date                      :      28 June 2012

Bonds available for Tender       :      Ten-year RMB Bonds

Issue Number                     :      BCMKFB12027

Issue Date                       :      29 June 2012

Maturity Date                    :      29 June 2022 (or the closest 
                                        Coupon payment date)

Application Amount               :      RMB 3,028.5 million

Issue Amount                     :      RMB 1,000 million

Average accepted Interest Rate   :      2.88%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      3.10%

Lowest accepted Interest Rate    :      0.00%

Allocation Ratio                 :      Approximately 5.83%

Tender Date                      :      28 June 2012

Bonds available for Tender       :      Fifteen-year RMB Bonds

Issue Number                     :      BCMKFB12028

Issue Date                       :      29 June 2012

Maturity Date                    :      29 June 2027 (or the closest 
                                        Coupon payment date)

Application Amount               :      RMB 2,666.5 million

Issue Amount                     :      RMB 1,000 million

Average accepted Interest Rate   :      3.10%

Highest accepted Interest Rate
(Bonds' Coupon)                  :      3.48%

Lowest accepted Interest Rate    :      1.99%

Allocation Ratio                 :      Approximately 0.50%