ANNUAL RESULTS ANNOUNCEMENT PRESENTATION DISCLAIMER

This presentation and the information contained herein does not constitute or take the form of any recommendation for the purchase or sale of any securities of BAIC Motor Corporation Limited (the "Company"), and does not constitute an offer to purchase or sell any securities of the Company, nor does it constitute the foundation or basis of any contract or commitment. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained herein. Neither the Company nor any of the Company's advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation includes several forward-looking statements regarding the Company’s financial status, operating results and business, and several plans and targets of the Company’s management. These forward-looking statements include foreseen and unforeseen risks, uncertainties or other factors, and these risks, uncertainties and other factors may lead to a material difference in the actual future results and performance of the Company from the results and performance explicitly or implicitly hinted in these forward-looking statements. These forward- looking statements are based on the Company’s current and future business strategies, and assumptions made based on the political and economic environment where the Company operates in the future. The above forward-looking statements are a reflection of the views held by the Company’s management on the day the data was published. No persons shall rely on these forward-looking statements. The Company shall not ensure the consistency of the forward-looking statements with the Company’s future results or events. The information contained in this presentation is provided to you in confidence, where the information shall not be forwarded or disclosed to any other person, and shall not be photocopied.

1 CONTENTS

Section Page

Chapter1 Overview of PV Market in 2015 Page 3

Chapter2 Performance in 2015 Page 8

Chapter3 Key Financial Indicators for 2015 (consolidated) Page 27

2 3 Overview of PV Market in 2015

1 In 2015, passenger vehicles sales in broke 20 million units for the first time, while growing at a lower rate with a rebound in the fourth quarter

PV sales of 2013-2015 (million) PV quarterly sales in 2015 (million)

Slaes Growth rate 6.6 15.8% 5.3 21.2 4.8 18.6% 19.7 9.0% 4.4 17.9 0.5% -1.9% 9.9%

7.3%

2013 2014 2015 2015Q1 2015Q2 2015Q3 2015Q4

4 Source: China Association of Automobile Manufacturers Overview of PV Market in 2015

2 Under the influence of tax cut policy, sales of passenger vehicles at 1.6L or less rebounded rapidly since October 2015

Sales of PV at 1.6L or below (million)

Jan Feb March April May June July Aug Sept Oct Nov Dec 2014 1.2 0.9 1.1 1.1 1.0 1.0 0.9 1.0 1.2 1.1 1.2 1.4 2015 1.4 1.0 1.3 1.1 1.1 1.0 0.8 0.9 1.1 1.3 1.6 1.7

5 Source: China Association of Automobile Manufacturers Overview of PV Market in 2015

3 In segment market, SUV and MPV maintained a rapid growth, with a market share of 44% in 2015

Market share by segment Market share movements YOY

11% 13% 17% 21% SUV 3% 3% 33% 7% 16% 15% 10% MPV 9% 7% 11% 4% CUV

70% 69% 67% Sedan 63% 52% 2011 2012 2013 2014 2015 SUV 20.19% 25.50% 49.41% 36.44% 52.39% MPV 11.74% -0.87% 164.50% 46.79% 10.05% CUV -9.38% -0.07% -27.98% -18.06% -17.47% 2011 2012 2013 2014 2015 Sedan 6.62% 6.15% 11.77% 3.06% -5.33%

6 Source: China Association of Automobile Manufacturers Overview of PV Market in 2015

4 Sales of new energy vehicles erupted, while pure electrical vehicles gaining plenty of prominence

Changes of new energy vehicles sales (‘000)

61

147 17

1 41 14 2013 2014 2015 Pure electric Plug-in hybrid

7 Source: China Association of Automobile Manufacturers 8 1

9 Performance of

1 Beijing Benz reported a strong sales growth and delivered a industry-leading performance in 2015

Sales ('000) Net profit (RMB billion) Net profit margin (%)

9.0 250 6.0

5.6 145 4.5 116 2.5 1.5

2013 2014 2015 2013 2014 2015 2013 2014 2015

10 Note: whole sale figures Performance of Beijing Benz

2 Product line is constantly diversifying with star models sprouting

SUV

GLC GLC GLK

GLA GLA

Sedan

E Class E Class New E Class

C Class (L) C Class (L) C Class (L) C Class (S) C Class (S)

2014 2015 2016 11 Performance of Beijing Benz

3 Product structure is constantly optimizing with a rapidly increasing proportion of SUV

Product structure of Beijing Benz

2014 2015

24% 23% 37%

39% 2% 42%

34% 17% 24%

C CLASS E CLASS GLK GLC GLA

12 Note: whole sale figures Performance of Beijing Benz

4 C Class: sales constantly increasing with the monthly sales breaking 11,000 units 11.2 9.6 ('000) 8.4 8.1 7.9 7.1 6.9 6.0 6.3 5.1 5.1

3.4 5.7 5.8 4.6 3.9 4.0 2.5 0.3 2.5 1.9 2.0 2.2 Jan Feb March April May June July Aug Sept Oct Nov Dec 2014 2015

E Class：expecting generation upgrade, with the monthly sales above 5,000 units

6.8 5.9 5.6 5.9 4.9 5.2 5.4 5.2 4.5 4.8 5.1 ('000)

5.2 3.1 5.0 5.3 4.5 4.9 5.0 4.1 4.0 3.6 3.5 3.0 3.1

Jan Feb March April May June July Aug Sept Oct Nov Dec 13 Note: whole sale figures 2014 2015 Performance of Beijing Benz

4 GLA Class SUV: 9 months in market with sales increasing significantly up to 7,000 units

6.9 ('000) 6.4 6.2 5.9 5.9 5.1 3.9

1.9

0.4

April May June July Aug Sept Oct Nov Dec

2015 GLK/GLC Class SUV: hot before and purple after generation upgrade

6.2 6.3 5.8 5.8 5.8 5.5 5.5 4.8 5.1 4.4 5.2 4.6 ('000) 5.2 4.9 4.9 4.8 5.4 4.6 4.5 4.7 4.5 3.8 3.4 3.1

Jan Feb March April May June July Aug Sept Oct Nov Dec 14 Note: whole sale figures 2014 2015 2

15 Performance of

1 Beijing Hyundai's performance was under expectation in 2015 due to industry volatility and weak performance of JV brands in general

Sales ('000) Net profit (RMB billion) Net profit margin (%)

-13.4% CAGR -12.7% CAGR

1,120 11.4 1,031 1,063 10.8 10.5 10.4

8.1 8.0

2013 2014 2015 2013 2014 2015 2013 2014 2015

16 Note: whole sale figures Performance of Beijing Hyundai

2 Actively adjusting product strategy and launching popular models

SUV Tucson ix35 New Tucson ix35 New Tucson ix35

New ix25 New ix25 New ix25 Santafe Santafe Santafe Small sedan Verna Verna New Compact Sedan

Compact sedan Elantra Elantra Elantra Elantra Elantra Elantra Elantra Elantra Elantra Elantra Langdong Yuedong Langdong Yuedong Lingdong Langdong Yuedong

Mid-size Sedan Sonata8 Sonata Mistra Sonata9 Sonata8 Sonata Mistra Sonata9 Sonata8 Sonata Mistra Moinca Moinca Moinca 2014 2015 2016

17 Performance of Beijing Hyundai

3 Product structure adjustment worked well, with percentage of D+S over 50% for the first time

Percentage of D+S

2014 2015

58% 42% 50% 50%

D+S D+S

18 注：批发数 Performance of Beijing Hyundai

4 Maintaining a leading brand influence in 2015 China’s new car quality research China’s vehicle sales satisfaction China’s Customer service (IQS) index (SSI) satisfaction index (CSI) New New New 2012 2015 2011 2015 2009 2015 Brand Score Brand Score Brand Score Brand Score Brand Score Brand Score

Dongfeng GAC Dongfeng 88 70 Audi 887 812 870 804 Honda Honda Citroen

GAC Dongfeng Dongfeng Shanghai 90 Renault 82 880 799 846 794 Honda Citroen

FAW Dongfeng Dongfeng Dongfeng 91 87 FAW VW 868 777 845 780 Mazda Nissan Honda Peugeot

Dongfeng Dongfeng Dongfeng Dongfeng Dongfeng 93 866 FAW Mazda 752 839 776 Yueda Kia 94 Peugeot Honda Nissan Yueda Kia

Dongfeng GAC Dongfeng Dongfeng Dongfeng FAW 94 866 744 838 762 101 Yueda Kia Toyota Yueda Kia Citroen Fengshen Toyota GAC GAC Chang'an Shanghai GAC 95 863 743 746 104 Mitsubishi Honda Ford GM 838 Toyota Chevrolet GAC Shanghai Dongfeng GAC 95 863 740 GAC 744 Buick 107 Honda GM Wuling Peugeot 835 Honda Toyota GAC Dongfeng Shanghai FAW Dongfeng 96 861 736 Shanghai 740 108 Toyota Citroen VW 834 Sedan Nissan GM Buick GAC Dongfeng Chang'an 96 859 FAW Sedan 729 FAW 735 127 Trumphchi 831 Honda Ford Toyota Shanghai Dongfeng Chang'an 97 859 Chery 711 734 19FAW VW 128 VW Yueda Kia 824 Ford

Source: JD Power Note: excluding luxurious brands and imported cars Performance of Beijing Hyundai

5 Two new plants started construction in 2015，laying foundation for the industrial deployment during the "13th Five-Year" period

Cangzhou Factory Chongqing Factory

20 3

21 Performance of Beijing Motor

1 Experienced the industry volatility, Beijing Motor achieved a breakthrough in sales performance, the number of new registration exceeded the number of wholesale

Whole Sale ('000) New License Registration ('000)

337 347 310 290 202 160

2013 2014 2015 2013 2014 2015

22 Performance of Beijing Motor

2 Strongly adjust product structure and implement “E+S” Strategy

BJ40 BJ40 BJ40/BJ40L BJ80

Senova/ Beijing Senova X65 Senova D70 Senova X55 Senova X25 Senova X35

Senova D70 Senova D80 Senova CC Senova D20 Senova D50

Senova D20 Senova D50

Wevan S50

Wevan M20 M20 M30 M30 M50

Wevan 205/206 Wevan 306/307 Wevan 306/307 Wevan 306/307

23 2014 2015 2016 Performance of Beijing Motor

2 Strongly adjust product structure and implement “E+S” Strategy

1 3 5

SUV NEV

EX200(X25)

Sedan NEV EH400(D80) ES210(D70) ES210(D70) EU260(D50)

EV Series(D20)

EV Series(D20) EU260(D50) EV Series(D20)

24 2014 2015 2016 Performance of Beijing Motor

3 Product structure is constantly optimizing with percentage of SUV+MPV increasing significantly

Percentage of Beijing Motor by type

2014 2015

10.1%

2.3% 40.0% 27.4%

25.0% 43.6% 1.8% 27.3% 6.0% 53.7% 13.0% 30.9%

Sedan SUV MPV CUV NEV 25 Performance of Beijing Motor

4 Sales of pure electric vehicles increased by 269% YOY, securing industry-leading position

Sales of pure electric vehicles ('000) Government subsidies in relation to new energy (RMB billion)

1.8 20.1

5.5 0.5

2014 2015 2014 2015

26 Note: whole sale figures 27 Key Financial Indicators (consolidated)

1 Profitability

Revenue (RMB billion) Net profit (RMB million) Net profit attributable to equity holders of the Company (RMB million)

6,322 4,511 84.1 5,841 3,319 56.4 2,714 2,951

12.8

2013 2014 2015 2013 2014 2015 2013 2014 2015

28 Key Financial Indicators (consolidated)

2 Capital expenditure

11,456

(RMB million) 7,419

5,134 9,396 4,333 2,173(1)

2,961 3,086 2,061

2013 2014 2015 Beijing Motor Beijing Benz

29 Note: (1)Data of Beijing Benz after becoming BAIC's subsidiary Key Financial Indicators (consolidated)

3 Dividends payout

Dividend per share (RMB) 0.36 0.3

0.15

2013 2014 2015

Final dividend (RMB million) 2,273 2,279

1,139

2013 2014 2015

30 31 （1958.HK）

32