Agricultural Bank of China : Publication of the Offering Circular and the Pricing Supplements - US$500,000,000 0.70 per cent. Fixed Rate Notes due 2024 and US$500,000,000 1.25 per cent. Fixed Rate Notes due 2026.2021-06-18

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.

This announcement and the listing documents referred herein are for informational purposes only as required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and is not for distribution, directly or indirectly, in or into the United States.

Neither of this announcement and the listing documents referred herein constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Neither this announcement nor anything herein (including the listing documents) forms the basis for any contract or commitment whatsoever. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States 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 a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the company making the offer and its management and financial statements. No public offer of securities referred to herein is being or will be made in the United States.

For the avoidance of doubt, the publication of this announcement and the listing documents referred to herein shall not be deemed to be an offer of securities made pursuant to a prospectus issued by or on behalf of the issuer for the purposes of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong nor shall it constitute an advertisement, invitation or document containing an invitation to the public to enter into or offer to enter into an agreement to acquire, dispose of, subscribe for or underwrite securities for the purposes of the Securities and Futures Ordinance (Cap. 571) of Hong Kong.

AGRICULTURAL BANK OF CHINA LIMITED 中 國 農 業 銀 行 股 份 有 限 公 司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1288)

US$500,000,000 0.70 per cent. Notes due 2024 (Stock Code: 40727) (the "2024 Notes")

US$500,000,000 1.25 per cent. Notes due 2026 (Stock Code: 40728) (the "2026 Notes",

together with the 2024 Notes, the "Notes")

issued under the U.S.$15,000,000,000 Medium Term Note Programme

PUBLICATION OF THE PRICING SUPPLEMENTS AND

THE OFFERING CIRCULAR

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Joint Global Coordinators and Joint Lead Managers

Agricultural Bank of China		ABC International
Limited Hong Kong Branch
Bank of China	Bank of China (Hong Kong)	Bank of Communications
China Construction Bank	Citigroup	CLSA
(Asia)
Crédit Agricole CIB	HSBC	Mizuho Securities
	Standard Chartered Bank
	Joint Lead Managers
Agricultural Bank of China	BNP PARIBAS	China Everbright Bank
Limited Macao Branch	Hong Kong Branch
Chiyu Bank	CMBC Capital	CMB Wing Lung Bank
Limited
DBS Bank Ltd.	Haitong International	ICBC International
ICBC (Asia)	ICBC Singapore	Industrial Bank Co., Ltd.
Hong Kong Branch
		Shanghai Pudong
Nanyang Commercial Bank		Development Bank
		Hong Kong Branch

Reference is made to the notice of listing of the Notes on The Stock Exchange of Hong Kong Limited dated 17 June 2021 published by Agricultural Bank of China Limited in respect of the offering and issuance of the Notes by Agricultural Bank of China Limited Hong Kong Branch (the "Issuer") (the "Formal Notice"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Formal Notice.

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This announcement is issued pursuant to Rule 37.39A of the Listing Rules. Please refer to the pricing supplements dated 9 June 2021 in relation to the 2024 Notes and the 2026 Notes respectively and the offering circular dated 24 August 2020 in relation to the U.S.$15,000,000,000 Medium Term Note Programme (collectively, the "Listing Documents"), appended herein in relation to the issuance of the Notes. The Listing Documents are published in English only. No Chinese versions of the Listing Documents have been published.

Notice to Hong Kong investors: The Issuer confirms that the Notes are intended for purchase by Professional Investors (as defined in Chapter 37 of the Listing Rules) only and are listed on The Stock Exchange of Hong Kong Limited on that basis. Accordingly, the Issuer confirms that the Notes are not appropriate as an investment for retail investors in Hong Kong. Investors should carefully consider the risks involved.

Hong Kong, 18 June 2021

As at the date of this announcement, the executive directors are Mr. GU Shu, Mr. ZHANG Qingsong, Mr. ZHANG Xuguang and Mr. LIN Li; the non-executive directors are Mr. ZHU Hailin, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei, Mr. WU Jiangtao and Ms. ZHOU Ji; and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying.

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IMPORTANT NOTICE

THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE ADDRESSEES OUTSIDE OF THE UNITED STATES AND ARE NOT U.S. PERSONS

IMPORTANT: You must read the following before continuing. The following applies to the attached pricing supplement following this page (the ''Pricing Supplement''), and you are therefore advised to read this carefully before reading, accessing or making any other use of the Pricing Supplement. In accessing the Pricing Supplement, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access.

NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, AS AMENDED (THE ''SECURITIES ACT''), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (''REGULATION S'')). THIS OFFERING IS MADE SOLELY TO NON-U.S. PERSONS IN OFFSHORE TRANSACTIONS PURSUANT TO REGULATION S UNDER THE SECURITIES ACT.

THE ATTACHED PRICING SUPPLEMENT MAY NOT BE DOWNLOADED, FORWARDED OR DISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. ADDRESS. ANY DOWNLOADING, FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. IF YOU HAVE GAINED ACCESS TO THIS TRANSMISSION CONTRARY TO ANY OF THE FOREGOING RESTRICTIONS, YOU ARE NOT AUTHORISED AND WILL NOT BE ABLE TO PURCHASE ANY OF THE SECURITIES DESCRIBED THEREIN.

Confirmation of your Representation: In order to be eligible to view the attached Pricing Supplement or make an investment decision with respect to the securities, investors must be a non-U.S. person purchasing the securities outside the United States in an offshore transaction in reliance on Regulation S under the Securities Act. By accepting the e-mail and accessing the attached Pricing Supplement, you shall be deemed to have represented to Agricultural Bank of China Limited Hong Kong Branch, ABCI Capital Limited, Bank of China Limited, Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd. Hong Kong Branch, China Construction Bank (Asia) Corporation Limited, Citigroup Global Markets Limited, CLSA Limited, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Securities Asia Limited, Standard Chartered Bank, Agricultural Bank of China Limited Macao Branch, BNP Paribas, China Everbright Bank Co., Ltd., Hong Kong Branch, Chiyu Banking Corporation Limited, CMBC Securities Company Limited, CMB Wing Lung Bank Limited, DBS Bank Ltd., Haitong International Securities Company Limited, ICBC International Securities Limited, Industrial and Commercial Bank of China (Asia) Limited, Industrial and Commercial Bank of China Limited, Singapore Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Nanyang Commercial Bank, Limited and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch (each in its capacity as joint lead manager) (together, the "Joint Lead Managers"), Agricultural Bank of China Limited Hong Kong Branch as the issuer (the "Issuer") (1) that you and any customers you represent are, and that the electronic mail address that you gave the Issuer or the Joint

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Lead Managers and to which this e-mail has been delivered is, not located in the United States, (2) that you are not a U.S. person, or acting to, the account or benefit of a U.S. person (in each case as defined in Regulation S) and (3) that you consent to delivery of the attached Pricing Supplement and any amendments or supplements thereto by electronic transmission.

You are reminded that the attached Pricing Supplement has been delivered to you on the basis that you are a person into whose possession the Pricing Supplement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver or disclose the contents of the Pricing Supplement to any other person. You should not reply by e-mail to this notice, and you may not purchase any securities by doing so. Any reply e-mail communications, including those you generate by using the ''Reply'' function on your e-mail software, will be ignored or rejected.

The attached Pricing Supplement does not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the offering be made by a licensed broker or dealer and the Joint Lead Managers or any affiliate of the Joint Lead Managers is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by the Joint Lead Managers or such affiliate on behalf of the Issuer in such jurisdiction.

The attached Pricing Supplement has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of the Issuer, the Joint Lead Managers or the Agents (as defined below), nor any person who controls any of them, nor any director, officer, employee, nor agent of any of them, or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the Pricing Supplement distributed to you in electronic format and the hard copy version available to you on request from the Joint Lead Managers.

You are responsible for protecting against viruses and other destructive items. Your use of this e-mail is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature.

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