Announcement on the Results of 2010 Rights Issue

With the approval of the [2010] No. 586 Security Permit issued by China Securities Regulatory Commission, the Industrial Bank Co., Ltd (hereinafter referred to "the Issuer” or “IB) offered 2 rights shares for every 10 shares (involving the total share capital of 5 billion shares) to all shareholders whose names appeared on the register of members of the Company, as maintained by China Securities Depository & Clearing Corporation Limited, Shanghai Branch, after the close of trading in the Shanghai Stock Exchange on May 24, 2010, the Record Date. The online subscription and payment for this rights issue were completed on May 31, 2010. The results of the rights issue are announced as follows:
I. Subscription
The total number of shares available for subscription was 1,000,000,000. As calculated by the host computer of the trading system of the Shanghai Stock Exchange and verified by the online subscription data provided by the China Securities Depository & Clearing Corporation Limited Shanghai Branch, details of the public subscription for the Company’s rights issue were as follows:

II. Results of the rights issue
According to the Announcement on Rights Issue, the total number of shares available for subscription is 1,000,000,000. The rights issue was conducted in the way of online pricing and via the trading system of Shanghai Stock Exchange, with Credit Suisse Founder Securities Co., Ltd. as sponsor, Credit Suisse Founder Securities Co., Ltd. and Industrial Securities Co., Ltd. UBS Securities Co., Ltd. as joint lead underwriters, and CITIC Securities Co., Ltd. as vice lead underwriter and financial advisor. Existing shareholders of the Company were entitled to subscribe for 2 rights shares for every 10 existing shares at the price of RMB18.00 per share. Fractional entitlements that were less than 1 share were rounded up to the nearest whole number.
The final issue results are as follows:
1. As at the close of trading on the date of record (May 24, 2010), the Company’s existing shareholders held a total of 5,000,000,000 shares. As of the last day of subscription and payment (May 31, 2010), the number of validly subscribed shares was 992,450,630, which accounted for 99.25% of the 1,000,000,000 shares available for subscription, and the amount of payment was RMB 17,864,111,340. The subscription percentage exceeded the “70% threshold for subscription by existing shareholders” as set out in the Administrative Measures on Securities Issuance of Listed Companies issued by the CSRC. (If the Company failed the threshold, the issue would be regarded as unsuccessful.) Therefore, this rights issue had been successfully conducted.
2. Upon the publication of this announcement, it shall be deemed that the notice of successful subscription has been delivered to shareholders.
III. The date of publication of this announcement (June 2, 2010) shall be the ex-rights date. The listing date for the rights shares will be announced separately.
IV. For more details on the rights issue, investors may refer to the Abstract of Prospectus on Rights Issue of Industrial Bank Co., Ltd and the Announcement of 2010 Rights Issue as published in the China Securities Journal, Shanghai Securities News, Securities Times and Securities Daily on May 20, 2010. Investors can also find the full text of the Prospectus on Rights Issue of Industrial Bank Co., Ltd as well as other materials regarding this rights issue on the website of the Shanghai Stock Exchange .
V. According to the standard process for the A-share rights issue, the industrial Bank is handling the rights share registration and listing affairs. Prior to the listing of rights shares, investors may be unable to check their subscribed shares through broker trading systems. The Company will make its best efforts to complete the share registration and listing formalities as soon as possible, and will publish the Announcement on Shareholding Changes Following the 2010 Rights Issue and the Listing of Rights Shares, which will specify the listing date of the rights shares. Investors may check their subscribed shares in the morning of the listing date and trade them after the opening of stock market.

 
Issuer: Industrial Bank Co., Ltd
Sponsor: Credit Suisse Founder Securities Limited
Joint lead underwriters: Credit Suisse Founder Securities Limited
Industrial Securities Co., Ltd
UBS Securities Company Limited
Financial advisor /vice lead underwriter: CITIC Securities Co., Ltd
June 2, 2010