China Eastern Airlines : 20170117-Further Announcement – Bellyhold Space Management Agreement

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

(Stock code: 00670) FURTHER ANNOUNCEMENT BELLYHOLD SPACE MANAGEMENT AGREEMENT

Reference is made to the announcement dated 3 January 2017 in respect of the Bellyhold Space Management Agreement between the Company and China Cargo Airlines (the "Announcement"). Unless otherwise defined, terms used in this announcement shall have the same meaning as those set out in the Announcement.

As disclosed in the Announcement, the Company estimated that the annual growth rate of revenue of its bellyhold space business will reach 7-11% for the three years ending 2019 on the basis of the historical amounts of RMB2,384 million, RMB2,605 million and RMB2,011 million for the two years ended 2015 and the first three quarters of 2016, respectively. The Company hereby further announces the unaudited historical amount of revenue generated from its bellyhold space business for the whole year of 2016 and the specific estimated amount of revenue generated from its bellyhold space business for the three years ending 2019 as follows.

RMB million

2014	2015	2016	2017 2,900 -	2018 3,100 -	2019 3,300 -
2,384	2,605	2,851	3,300	3,700	4,100

Historical amount for the year Estimated amount for the year Revenue generated from bellyhold space business of the Company

Note: The historical amount for the year 2016 has not been audited and may be adjusted. The Company will reserve its right to adjust the number according to the audit results and actual amounts.

By order of the Board

CHINA EASTERN AIRLINES CORPORATION LIMITED Wang Jian

Company Secretary

Shanghai, the People's Republic of China 17 January 2017

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Ma Xulun (Vice Chairman, President), Li Yangmin (Director, Vice President), Xu Zhao (Director), Gu Jiadan (Director), Tang Bing (Director, Vice President), Tian Liuwen (Director, Vice President), Li Ruoshan (Independent non-executive Director), Ma Weihua (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director) and Cai Hong Ping (Independent non-executive Director).