BANK OF CHINA LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3988) SUPPLEMENTAL NOTICE OF ANNUAL GENERAL MEETING WHEREAS The articles of association of Bank of China Limited (the ‘‘Bank’’) provides that a shareholder holding 5% or more (in the case of nomination of directors and supervisors) or 3% or more (in the case of other motions) of the total shares with voting power of the Bank shall have the right to propose additional motion(s) to the shareholders’ general meeting. In accordance with the request by China SAFE Investments Limited, which currently owns 67.49% of the total issued share capital of the Bank, three supplemental resolutions shall be tabled before the forthcoming annual general meeting of the Bank for shareholders’ approval. THE SUPPLEMENTAL NOTICE IS HEREBY GIVEN that an annual general meeting of the Bank will be held, as originally scheduled, on Thursday, 14 June 2007 at 3: 00 p.m. (and registration will begin at 1: 00 p.m.) at Central Garden Hotel, No. 18 Gaoliangqiaoxiejie, Xizhimenwai Ave., Haidian District, Beijing, the People’s Republic of China for the purpose of considering, and if thought fit, passing the following resolutions 11A and 11B as the additional ordinary resolutions and resolution 16 as the additional special resolution in addition to the resolutions set out in the previous notice of annual general meeting dated 25 April 2007 (the ‘‘Original Notice’’) of the same meeting: ORDINARY RESOLUTIONS 11A. In addition to the consideration and approval of the directors to be elected and re-elected at the annual general meeting as announced in the circular to shareholders regarding the annual general meeting dated 25 April 2007, the Bank will at the forthcoming annual general meeting consider and approve the additional resolutions to re-elect Mr. Zhang Jinghua, Ms. Hong Zhihua and Ms. Huang Haibo and to elect Mr. Cai Haoyi, Mr. Lin Yongze and Mr. Wang Gang as non-executive directors of the Bank. 11B. The Bank will at the forthcoming annual general meeting consider and approve the additional resolutions to re-elect Mr. Liu Ziqiang, Mr. Wang Xueqiang and Mr. Liu Wanming as supervisors of the Bank. SPECIAL RESOLUTION 16. To consider and approve the additional resolution in relation to the issue of Renminbi-denominated bonds in Hong Kong for an amount not exceeding RMB3 billion and the authorization of the Board to finalize and deal with all related matters. Save for those set forth above, nothing in this Supplemental Notice shall affect the resolutions contained in the Original Notice or any information contained in the circular to shareholders dated 25 April 2007. By Order of the Board Jason C.W. Yeung Company Secretary

Beijing, PRC, 28 May 2007 As at the date of this announcement, the Directors of the Bank are: XIAO Gang, LI Lihui, ZHANG Jinghua*, YU Erniu*, ZHU Yan*, ZHANG Xinze*, HONG Zhihua*, HUANG Haibo*, Sir Frederick Anderson GOODWIN*, SEAH Lim Huat Peter*, HUA Qingshan, LI Zaohang, Anthony Francis NEOH#, William Peter COOKE#, Patrick de SAINT-AIGNAN# and Alberto TOGNI#.

* Non-Executive Directors

# Independent Non-Executive Directors Notes: 1. Shareholders may view and download this Supplemental Notice of Annual General Meeting from the Bank’s website at http://www.boc.cn or the website of the Hong Kong Exchanges and Clearing Limited at http://www.hkex.com.hk. Biographical details of the directors and supervisors additionally nominated for election and re-election and information regarding the issue of Renminbi-denominated bonds are set out in Appendix 1 to this notice. 2. A supplemental proxy form in respect of the above ordinary resolutions 11A and 11B and special resolution 16 has been sent to the shareholders on even date. If you have validly appointed a proxy to attend and act on your behalf at the annual general meeting but have not completed and delivered the supplemental proxy form, your proxy will be entitled to vote at his/her discretion on the ordinary resolutions 11A and 11B and special resolution 16 set out in this Supplemental Notice of Annual General Meeting. 3. Please refer to the Original Notice for details in respect of other resolutions to be passed at the annual general meeting, eligibility of attendance, registration procedures, proxy and other relevant matters. Shareholders may view and download the Original Notice from the Bank’s website at http://www.boc.cn or the website of the Hong Kong Exchanges and Clearing Limited at http://www.hkex.com.hk.

APPENDIX 1 BIOGRAPHICAL DETAILS OF DIRECTORS AND SUPERVISORS FOR ELECTION AND RE-ELECTION AND INFORMATION REGARDING THE ISSUE OF RENMINBI-DENOMINATED BONDS

On 24 May 2007, Central SAFE Investments Limited (‘‘Huijin’’), the controlling shareholder of the Bank, submitted to the Board of the Bank the following interim proposals: proposals regarding election and re-election of directors and supervisors of the Bank, and proposal on the issue of RMB bonds in Hong Kong for an amount not exceeding RMB3 billion and the authorization of the Board to finalize and deal with all related matters. Huijin proposes to nominate Mr. Zhang Jinghua, Ms. Hong Zhihua, Ms. Huang Haibo, Mr. Cai Haoyi, Mr. Lin Yongze and Mr. Wang Gang as non-executive directors of the Bank; nominate Mr. Liu Ziqiang, Mr. Wang Xueqiang and Mr. Liu Wanming as shareholder’s representative supervisors of the Bank; and to submit the aforesaid proposals to the 2006 annual general meeting of the Bank for approval. Upon request of the Bank, Huijin proposes to the 2006 annual general meeting to approve the issue of Renminbi-denominated bonds in Hong Kong for an amount not exceeding RMB3 billion and the authorization of the Board to finalize and deal with all related matters. According to the relevant provisions of the applicable laws and regulations as well as the articles of association of the Bank, the aforesaid proposals will be listed as additional proposals to the 2006 annual general meeting for approval. 1. PROPOSALS REGARDING ELECTION AND RE-ELECTION OF DIRECTORS AND SUPERVISORS OF THE BANK (ORDINARY RESOLUTIONS) Articles 122 and 175 of the Bank’s Articles of Association provide that directors and shareholder’s representative supervisors shall be elected by the shareholders’ meeting and shall serve a term of office of three years commencing from the date of approval by the China Banking Regulatory Commission. A director and/or a supervisor may serve consecutive terms if he/she is re-elected upon the expiration of his/her term. Mr. Zhang Jinghua, Mr. Yu Erniu, Mr. Zhang Xinze, Ms. Zhu Yan, Ms. Hong Zhihua and Ms. Huang Haibo are non-executive directors whose terms of office will expire in August 2007. Mr. Liu Ziqiang, Mr. Wang Xueqiang and Mr. Liu Wanming are supervisors whose terms of office will expire in August 2007. Due to personal reasons, Mr. Yu Erniu, Mr. Zhang Xinze and Ms. Zhu Yan will retire from office upon the expiration of their current terms. Each of the remaining directors and supervisors has been nominated by Huijin and will offer themselves for re-election at the forthcoming annual general meeting. Furthermore, Huijin also proposes to nominate Mr. Cai Haoyi, Mr. Lin Yongze and Mr. Wang Gang as candidates for non-executive directors of the Bank in order to replace Mr. Yu Erniu, Mr. Zhang Xinze and Ms. Zhu Yan who will retire from office upon the expiration of their term of office. Accordingly, ordinary resolutions will be proposed at the forthcoming annual general meeting to re-elect Mr. Zhang Jinghua, Ms. Hong Zhihua and Ms. Huang Haibo as non-executive directors, to elect Mr. Cai Haoyi, Mr. Lin Yongze and Mr. Wang Gang as non-executive directors and to re-elect Mr. Liu Ziqiang, Mr. Wang Xueqiang and Mr. Liu Wanming as shareholder’s representative supervisors of the Bank. All the retiring directors and supervisors who offered themselves for re-election will be appointed for a term of three years which will end on the date of the Bank’s annual general meeting in 2010. The term of office of the above newly nominated non- executive directors will commence from the date Mr. Yu Erniu, Mr. Zhang Xinze and Ms. Zhu Yan vacate their office or the date of approval by China Banking Regulatory Commission (whichever is later) and will end on the date of the Bank’s annual general meeting in 2010. None of the retiring directors and supervisors who offered themselves for re-election and the proposed new directors hold any position with the Bank or any of its subsidiaries. None of the retiring directors who offered themselves for re-election and the proposed new directors has received any compensation or director’s fees from the Bank. They are instead remunerated by Huijin where they hold a position. In 2006, the amount of compensation paid by the Bank to the above supervisors nominated for re- election was as follows: RMB1,312,599 to Mr. Liu Ziqiang, RMB878,334 to Mr. Wang Xueqiang and RMB874,247 to Mr. Liu Wanming. The level of such remuneration was determined based on the duties and responsibilities of the respective supervisors owed towards the Bank. Except for those set forth above, none of the retiring directors and supervisors who offered themselves for re-election and the proposed new directors has any other relationship with any director, senior management, or substantial or controlling shareholder of the Bank. In respect of each of the aforesaid retiring directors and supervisors who offered themselves for re-election and the proposed new directors, none of them has any interests in the shares of the Bank or its associated companies within the meaning of Part XV of the Securities and Futures Ordinance of Hong Kong. Moreover, there is nothing which needs to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Hong Kong Listing Rules nor is there any issues which need to be brought to the attention of the shareholders. None of the retiring directors who offered themselves for re-election and the proposed new directors has been penalized by the China Securities Regulatory Commission or other relevant departments and stock exchange. To enable shareholders to make an informed decision on the directors and supervisors to be elected and re-elected, the biographical details of relevant directors and supervisors are set out below for the information of shareholders. 1. Mr. ZHANG Jinghua, Non-Executive Director aged 50, has served as a Non-Executive Director of Bank of China Limited since August 2004. Mr. Zhang worked for the China Securities Regulatory Commission from January 1993 to August 2004 in various capacities, including Director of Listed Companies Department, Director of Market Supervision Department, Director of Fund Supervision Department, Director of International Cooperation and a member of the Planning and Development Commission. Mr. Zhang graduated from Northeast Forestry Institute in 1982 and obtained a MBA degree from the State University of New York in 1988. 2. Ms. HONG Zhihua, Non-Executive Director aged 54, has served as a Non-Executive Director of the Bank since August 2004. Ms. Hong previously worked for the State Administration of Foreign Exchange from January 1982 to August 2004 in various capacities, including Deputy Director General of the Policy and Regulation Department, Deputy Director General of the International Balance Department and Inspector of the General Affairs Department. Ms. Hong is a senior economist and graduated from Yunnan University with a Bachelor’s degree in Chinese Literature in 1982. 3. Ms. HUANG Haibo, Non-Executive Director aged 54, has served as a Non-Executive Director of the Bank since August 2004. Ms. Huang worked for the PBOC from August 1977 to August 2004 in various capacities, including Deputy Director General of the Treasury Bureau. Ms. Huang graduated from the Accounting Department, Shanxi Finance University. She is a senior accountant and Certified Public Accountant of the Chinese Institute of Certified Public Accountants. 4. Mr. CAI HAOYI, Non-Executive Director aged 52, has worked in several positions in the People’s Bank of China from 1986 to present, including Deputy Director of the Graduate School of the People’s Bank of China, Deputy Director of Research Institute of Finance and Banking, Deputy Director of the Research Bureau, General Secretary of the Monetary Policy Committee and Deputy Director of the Monetary Policy Department. Mr. Cai has the professional title of research fellow, and currently serves as the tutor for postgraduate students of Financial Research Institute, the tutor for doctorial students of the University of International Business and Economics, and a member of China Society for Finance and Banking. He graduated from Economics Department of Peking University in 1983 with the bachelor’s degree in economics. In 1986, he graduated from the Graduate School of the People’s Bank of China with the master’s degree in economics. In 1995, he continued the doctoral degree program of economics in the Graduate School of the People’s Bank of China and got his Ph.D. in 2001. 5. Mr. LIN YONGZE, Non-Executive Director aged 56, has worked in several positions in the Ministry of Finance from 1986 to present, including Deputy Director and Director of the Agricultural Finance Department, Agricultural Taxation Department and Tax Policy Department, researcher of Tax System and Rule Department and Tax Policy Department, member of the Rural Tax and Fee Reform Working Group Office of the State Council, Deputy Director of Tax Policy Department, Deputy Director of Xinjiang Finance Department, and Deputy Ombudsman of Tariff Policy Department. Mr. Lin graduated from Zhongshan University in 1976 with a bachelor’s degree. 6. Mr. WANG GANG, Non-Executive Director aged 54, has worked in several positions in the Ministry of Finance from 1989 to present, including official and Deputy Director of Income Tax Division of Tax Policy Department, Tax Policy Department and International Tax Department, Director of Turnover Tax Department, and Deputy Ombudsman of Tax Policy Department. Mr. Wang graduated from Finance Department of Central University of Finance and Economics, majoring in Finance. He received a master’s degree in economics from the Tax Department of the university in 1988 and another master’s degree in economics from the George Washington University in 1998. 7. Mr.LIUZIQIANG,Supervisor aged 59, has served as Chairman of our Board of Supervisors since August 2004. Mr. Liu was Chairman of the Board of Supervisors of our bank before our corporate restructuring from July 2003 to August 2004. He was Chairman of the Board of Supervisors of the Agricultural Development Bank of China from June 2000 to July 2003, and Vice President of the CCB from April 1997 to June 2000 and head of Planning Department of CCB from February 1995 to April 1997. From November 1986 to May 1994, Mr. Liu held various positions in financial institutions in Shenzhen, including as Chief of the Shenzhen Development Bank Preparation Team, Deputy General Manager of Shenzhen Agricultural Bank, and Acting President, Board Chairman and General Manager of Shenzhen Development Bank. Mr. Liu received a Master’s degree in Economics from the Graduate School of the PBOC in 1984. 8. Mr. WANG XUEQIANG, Supervisor aged 49, has been a Supervisor since August 2004. Mr. Wang served as a Director-General Supervisor of the Bank before our corporate restructuring from July 2003 to August 2004. From October 2001 to July 2003, Mr. Wang served as a Deputy Director-General Supervisor designated directly by the State Council at the Agricultural Development Bank of China. Mr. Wang worked for the MOF and the Central Financial Working Commission from April 1985 to October 2001. Mr. Wang obtained two Bachelor’s degrees from Central University of Finance and Economics in 1996 and from Renmin University of China in 1998. Mr. Wang is a Certified Public Accountant qualified by the Chinese Institute of Certified Public Accountants. 9. Mr. LIU WANMING, Supervisor aged 48, has been a Supervisor of the Bank since August 2004. From November 2001 to August 2004, designated directly by the State Council, he served as a Director Supervisor at Bank of Communications and a deputy Director-General Supervisor at our bank. From August 1984 to November 2001, Mr. Liu worked with the National Audit Office, the Agricultural Development Bank of China and Bank of Communications. Mr. Liu received a Bachelor’s degree in Economics from Jiangxi University of Finance in 1984. 2. PROPOSAL ON THE ISSUE OF RENMINBI-DENOMINATED BONDS IN HONG KONG FOR AN AMOUNT NOT EXCEEDING RMB3 BILLION AND THE AUTHORIZATION OF THE BOARD TO FINALIZE AND DEAL WITH ALL RELATED MATTERS (SPECIAL RESOLUTION) It is proposed to authorize the Bank to issue bonds denominated in Renminbi on the following principal terms and the Board to finalize the terms of such issue including the timing of the issue, the issue size, the term and the interest rate and the execution of all related documentations. (1) Issue size Taking into consideration the total amount of Renminbi-denominated deposits in Hong Kong, the development of Hong Kong bond market and the random survey of the views of Hong Kong investors, the issue size will not exceed RMB3 billion. (2) Term In accordance with investment preference of Hong Kong investors and the utilization of the Bank’s funds, the term will not exceed three years. (3) Interest rate The nominal rate of the Renminbi-denominated bonds will be determined by reference to the level of Renminbi deposit rate in Mainland China and Hong Kong and the level of bond yield in the relevant bond market, and will be finalized by reference to the term of the bond and prevailing market conditions.