Bank of China Limited ANNUAL COUPON FIX-SUSTAINABILITY RE-LINKED NOTES (9995Q)

TIDMDY83

RNS Number : 9995Q

Bank of China Limited

23 October 2023

ANNUAL COUPON ADJUSTMENT OF SUSTAINABILITY RE-LINKED NOTES

Date: 23 October 2023

On 2 November 2021, Bank of China Limited, London Branch (the "Issuer") issued U.S. $300,000,000 Sustainability Re-Linked Notes due 2024 (ISIN: XS2400956020) (the "SRLB"). The SRLB are re-linked to the performance of Sustainability Performance Targets within eligible underlying Sustainability Linked Loans ("SLLs"). A corresponding coupon adjustment in relation to the SRLB may be made according to the margin adjustment of the underlying SLLs through the relinking mechanism set out in the Conditions of the SRLB.

The Issuer announced a coupon adjustment in relation to the Notes for the Second Observation Period. Following the coupon adjustment, the SRLB Coupon Rate shall be 0.97457 per cent., comprising a Base Coupon Rate of 1.00000 per cent. and an adjustment of -0.02543 per cent. The adjustment has been verified by Ernst & Young Hua Ming LLP as the External Verifier under the Conditions of the SRLB. The Second Observation Period is from (and including) 2 November 2021 to (but excluding) 2 September 2023, while the SRLB Coupon Rate calculated shall be applied to the period from (and including) the Coupon Reset Date of 2 November 2023 to (but excluding) the Maturity Date of 2 November 2024.

For further details, please refer to the SRLB Annual Report available at https://www.bankofchina.com/uk/aboutus/ir10/

For further information, please contact:

Gareth Spero

Head of Transaction Management

Debt Capital Markets Centre (EMEA)

Telephone: +44 (0) 20 3192 8383

Email: gareth.spero@uk.bankofchina.com

LEI: 54930053HGCFWVHYZX42

DISCLAIMER

This announcement is not for release, publication or distribution in the United States of America or in any other jurisdiction in which such release, publication or distribution would be prohibited by applicable law. The SRLB have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended) (the "Securities Act"), or under any relevant securities laws of any state of the United States of America or other jurisdiction and are subject to U.S. tax law requirements. The securities may not be offered or sold within the United States of America or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

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October 23, 2023 08:05 ET (12:05 GMT)

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