Allianz and ICBC announce the completion of ICBC shares transfer through a private sale

Further to the joint press release by Industrial and Commercial Bank of China (ICBC) and Allianz Group (Allianz) issued on March 25, 2009 whereby both parties reaffirmed their strategic cooperative relationship, Allianz has sold 3,216,300,507 ICBC H shares, representing the shares that have become free from lock up on April 28, 2009 to a selected group of investors through a private sale. Allianz continues to hold 3,216,300,508 H shares in ICBC.

After the sale, the total shareholding in ICBC by Allianz represents approximately 0.97 percent of ICBC’s total outstanding shares and 3.87 percent of ICBC’s H shares.

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