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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. NEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1336) ANNOUNCEMENT OF THE COMPLETION OF ISSUANCE OF SUBORDINATED TERM DEBTS Reference is made to the announcement of New China Life Insurance Company Ltd. (the “Company”) dated 6 July 2012. With the approval from the China Insurance Regulatory Commission, the Company has completed the issuance of RMB10.0 billion subordinated term debts to qualified investors who meet the relevant regulatory requirements (the “Issuance”). The total principal amount of the Issuance is RMB10.0 billion, with a maturity term of 10 years. The coupon rate per annum is 4.60% for the first five years. The Company has the right to redeem the subordinated term debts at the end of the fifth year. If the Company does not exercise the redemption right or exercise the redemption right partially, the coupon rate per annum will be 6.60% for the last five years. The proceeds from the Issuance will be used to replenish the Company’s supplementary capital and raise the solvency ratio according to applicable laws and approvals from regulatory authorities. By Order of the Board New China Life Insurance Company Ltd. KANG Dian Chairman Beijing, China, 31 July 2012 As at the date of this announcement, the Executive Directors of the Company are KANG Dian and HE Zhiguang; the Non-executive Directors are ZHAO Haiying, MENG Xingguo, LIU Xiangdong, CHEN Johnny, CHEONG Chee Meng and WANG Chengran; and the Independent Non-executive Directors are CAMPBELL Robert David, CHEN Xianping, WANG Yuzhong, ZHANG Hongxin, ZHAO Hua and FONG Chung Mark.
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