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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 966)

VOLUNTARY ANNOUNCEMENT COMPLETION OF CAPITAL CONTRIBUTION TO A NON WHOLLY-OWNED SUBSIDIARY

Reference is made to the announcements of China Taiping Insurance Holdings Company Limited

(the “Company”) dated 23 December 2009 (the “2009 Announcement”), 30 April 2010 and 25

June 2010 (the “2010 Announcements”), respectively. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as defined in the 2009

Announcement.

As disclosed in the 2009 Announcement, it was proposed that the registered capital of TPI be increased from RMB1,570,000,000 to RMB2,070,000,000 and the capital contribution amount be contributed by the shareholders of TPI, namely TPG, the Company and Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”) in proportion to their respective shareholdings in TPI. Pursuant to the Capital Contribution Agreement, TPG and the Company conditionally agreed to contribute to the registered capital of TPI the amounts of RMB187,500,000 and RMB250,250,000, respectively, which was in proportion to their respective shareholdings in TPI. In addition, it was agreed that, in the event that ICBC (Asia) gave up its right to participate in the proposed increase in capital of TPI, after obtaining relevant approvals from the Ministry of Finance of the PRC and the CIRC, TPG and the Company would further contribute additional capital to the registered capital of TPI in the amounts of RMB26,663,335 and RMB35,586,665, respectively. Details of the Capital Contribution Agreement were set out in the 2009 Announcement.

As disclosed in the 2010 Announcements, ICBC (Asia) has decided not to participate in the contributions for the increase in registered capital of TPI. As a result, conditional upon obtaining the approvals from the relevant governmental bodies in the PRC, the changes in the registered capital and shareholding structure of TPI pursuant to the Capital Contribution Agreement were as

follows:

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Prior to the Completion of the

Capital Contribution Agreement

Upon Completion of the Capital

Contribution Agreement

Shareholder

Amount of registered capital contributed (RMB)

Percentage of shareholding interests

(%)

Amount of registered capital contributed (RMB)

Percentage of shareholding interests

(%)

TPG 588,750,000 37.50 802,913,335 38.79

Company 785,785,000 50.05 1,071,621,665 51.77

ICBC (Asia) 195,465,000 12.45 195,465,000 9.44

Total 1,570,000,000 100.00 2,070,000,000 100.00

The relevant approvals for the respective contributions of RMB214,163,335 and RMB285,836,665 by TPG and the Company to the registered capital of TPI have been obtained. Accordingly, the capital increase of TPI from RMB1,570,000,000 to RMB2,070,000,000 has been completed. The shareholding interest of TPI held by the Company has increased from 50.05% to 51.77%.

By order of the Board of

China Taiping Insurance Holdings Company Limited

NG Yu Lam Kenneth

Executive Director & Chief Executive Officer

Hong Kong, 27 July 2011

As at the date of this announcement, the Board comprises 11 directors, of which Mr. LIN Fan, Mr. SONG Shuguang, Mr. XIE Yiqun, Mr. PENG Wei, Mr. NG Yu Lam Kenneth, Mr. SHEN Koping Michael and Mr. LAU Siu Mun Sammy, are executive directors, Mr. LI Tao is a non-executive director and Dr. WU Jiesi, Mr. CHE Shujian and Mr. LEE Kong Wai Conway are independent non-executive directors.

This announcement is posted on the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and on the website of the Company at www.ctih.cntaiping.com.

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