2011-1114 REF IV First Close

To the Business Editor For Immediate Release

CITIC Capital Raised USD225 million for its Fourth Real Estate Fund on First Closing

(Hong Kong, 14 November 2011) CITIC Capital Holdings Limited (“CITIC Capital”) announced today that the CITIC Capital China Retail Properties Investment Fund (or “the Fund”) has completed its first closing at USD225 million on 5 November 2011. The Fund has attracted institutional investors from U.S., Europe, and Asia. Townsend Group, a leading global real estate investment manager and consultant, is the cornerstone investor in the Fund. The Fund is the fourth successor fund of CITIC Capital Real Estate Group, which has to date successfully invested in 18 projects in China, with asset value of over USD3 billion. CITIC Capital China Retail Properties Investment Fund aims to raise a total capital commitment of USD600 million.

This fourth fund of CITIC Capital Real Estate Group focuses on retail property and mixed-used development with substantial retail portion in the second and third tier cities in China, which offer high potential of economic growth that are strongly driven by urbanization. The Fund will seek investment opportunities in retail properties through acquisition and co-development with reputable local partners. ID Mall, a nearly completed upscale shopping mall in Changsha is a seed investment of the Fund. ID Mall has a retail gross floor area of approximately 86,000 square meters and is located in the prime area of Changsha. Changsha, capital of Hunan province, is one of the most vibrant cities in Central China with strong economic growth as well as high consumer spending potential.

“Thanks to the proven track record of the three previous real estate funds, we are delighted that top-tier institutional investors have shown keen interest in the Fund despite the prevailing market environment. We are confident that CITIC Capital will continue to stay competitive in the China real estate investment market and deliver strong returns to its investors,” said Mr. Yichen ZHANG, Chief Executive Officer of CITIC Capital.

Mr. Stanley CHING, Senior Managing Director and Head of CITIC Capital’s Real Estate Group, believes that there are tremendous opportunities in the second and third tier cities, especially when infrastructure and transportation networks in those regions will be further improved in coming years. He believes domestic consumption will play a more important role in China's economic growth and that the retail industry will benefit from Chinese government's 12th Five Year Plan. He is confident that CITIC Capital is well positioned to continue its success with its established team and focused strategy, as well as proprietary shareholders’ resources.

28/F, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong 香港中環添美道 1 號中信大廈 28 樓 Tel 電話: +852 3170 6888 ︱ Fax 傳真: +852 2523 8312 www.citiccapital.com ︱ [email protected]

“The China market is definitely what we have eyes for, especially when our clients are getting more sophisticated with their investment in emerging markets. Investors nowadays are looking for local manager with proven track record, an established platform and a high standard of governance. We are delighted that CITIC Capital has all these qualities and is one of the very few local managers that has been focusing on investing in China with an excellent track record. We will continuously support local managers with similar nature in the region,” said Mr. Joseph TANG, Director of Townsend Group.

About CITIC Capital Holdings Limited

Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory firm. The firm manages over USD4.6 billion of capital from a diverse group of international and Chinese investors. Our core businesses include Private Equity, Real Estate, Structured Investment & Finance and Asset Management. CITIC Capital currently employs over 170 staff members across its offices in Hong Kong, Shanghai, Beijing, Tokyo and New York.

CITIC Capital is owned by China Investment Corporation (CIC), China’s sovereign wealth fund, CITIC International Financial Holdings Limited (CIFH) and Hong Kong-listed CITIC Pacific Limited. Both CIFH and CITIC Pacific are part of CITIC Group, the largest and most comprehensive conglomerate in China.

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For media enquiries, please kindly contact: Cindy TAM Director Corporate Relations CITIC Capital Holdings Limited Tel: +852 3710 6813 Fax: +852 2169 3636 Email: [email protected]