Dear Customer:

To thank for all the support and concern, Industrial and Commercial Bank of China Limited ("ICBC") and fund houses are pleased to announce to continue offering discounts to "Banking@Home" users for buying open-end funds online through Personal Internet Banking.

I. For Who
Retail investors who choose to buy open-end funds through ICBC Personal Internet Banking "Banking@Home".

II. Funds and Period
Discount offered on any fund bought through ICBC Personal Internet Banking from April 1, 2009 to March 31, 2010 (end at the statutory trading hours of the day).

III. Details
During the promotion, discounts are given on open-end funds bought online through ICBC Internet Banking. 20% discount if the original rate (include graded rate) is higher than 0.6% (actual rate = original rate x 0.8). However, the actual rate cannot lower than 0.6% after discount. All charges will be based on 0.6% if the rate after discount is lower than (or equal to) 0.6%. Otherwise follow the original rate if the original rate (include graded rate) is lower than 0.6% (inclusive). Details on the charges should refer to the legal documents or the latest announcements from fund houses.

IV. Important
1. ICBC reserves the right of final interpretation on the announcement. Investors are recommended to read carefully all the legal documents (contract, prospectus) supplied from the fund house concerned. 
2. Discounts during the promotion are only applicable to charges for front-end load funds in the normal period, not for back-end load funds, not applicable to fees when subscribing funds in the offering period, not for any fee and charges on funds in defined fund investment plan and for conversion.
3. Whether the promotion will be continued is a decision between ICBC and fund houses. Announcement will be made in due course.

V. More Information:
1. ICBC website: www.icbc.com.cn
2. ICBC Telephone Banking: 95588
3. Websites of fund houses.
Notice to investors: ICBC makes sure to provide safety and convenient online fund services to all the Internet Banking users. However, no return is guaranteed since investments carry risks.   

Thanks for your attention

               
Industrial and Commercial Bank of China Limited
                                 March 30, 2009