Announcement on Approval on Non-public Issuance

Proposal by China Banking Regulatory Commission

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.

Industrial Bank Co., Ltd.(hereinafter referred to as The Company) has received the “Approval on the Non-public Issuance Proposal of Industrial Bank from China Banking Regulatory Commission”(YJF[2012]306), which states that the China Banking Regulatory Commission has in principle approved the Company’s non-public issuance proposal, and the Company will issue non-publicly no more than 1,915,146,700 A shares.

According to the approved non-public issuance proposal, the People’s Insurance Company (Group) of China Limited will subscribe 116,434,400 shares, PICC Property and Casualty Company Limited will subscribe 632,000,000 shares, and PICC Life Insurance Company Limited will subscribe 632,000,000 shares. The above-mentioned three companies entrusted PICC Asset Management Company Limited to make subscription. China Tobacco will subscribe 409,025,000 shares, and Shanghai Zhengyang International Business Co., Ltd. will subscribe 125,687,300 shares.

The Company will proceed to other application procedures with domestic regulatory authorities such as China Securities Regulatory Commission pursuant to applicable laws and regulations.

Board of Directors,

Industrial Bank Co., Ltd.

June 28, 2012