Announcement on Completing Issuance of Subordinate Debts

The Company and all members of the Board of Directors hereby warrant that the information contained in this announcement is true, accurate and complete, and assume joint and several liabilities for any false representation, misleading statement or material omission.

As approved by China Banking Regulatory Commission and People’s Bank of China, the Company has issued RMB10 billion subordinated debts on 28 June, 2011 in national interbank bonds market. The subordinated debts have a maturity of 15 years, and may be redeemable (at the option of the Issuer) at the end of the tenth year, subject to provided conditions. The subordinated debts will bear fixed coupon rate of 5.75% per annum.

The proceeds of the issue of the subordinated debts will be used to strengthen the Company’s supplementary capital in accordance with relevant laws and approval from regulators.

Board of Directors,

Industrial Bank Co., Ltd.

29 June, 2011