Ping An Insurance of China : OVERSEAS REGULATORY ANNOUNCEMENT

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.

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

"The Announcement of Ping An Insurance (Group) Company of China, Ltd. in relation to the Disclosure of 2016 Third Quarterly Report of Ping An Bank", which is published by Ping An Insurance (Group) Company of China, Ltd. on the website of Shanghai Stock Exchange, is reproduced herein for your reference.

By order of the Board

Yao Jun

Company Secretary

Shenzhen, PRC, October 20, 2016

As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Sun Jianyi, Ren Huichuan, Yao Jason Bo, Lee Yuansiong and Cai Fangfang; the Non-executive Directors are Lin Lijun, Soopakij Chearavanont, Yang Xiaoping, Xiong Peijin and Liu Chong; the Independent Non-executive Directors are Woo Ka Biu Jackson, Stephen Thomas Meldrum, Yip Dicky Peter, Wong Oscar Sai Hung, Sun Dongdong and Ge Ming.

Stock Code：601318 Stock Short Name: China Ping An Serial No.：Lin 2016-043

THE ANNOUNCEMENT OF PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. IN RELATION TO THE DISCLOSURE OF 2016 THIRD QUARTERLY REPORT OF PING AN BANK

The board of directors and all directors of Ping An Insurance (Group) Company of China, Ltd. (hereinafter referred to as the "Company") confirm that there are no false representations and misleading statements contained in, or material omissions from this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.

Ping An Bank Co., Ltd. (hereinafter referred to as "Ping An Bank"), a subsidiary of the Company, proposes to publish the "2016 Third Quarterly Report of Ping An Bank" on the website of Shenzhen Stock Exchange (www.szse.cn) on October 21, 2016.

Please also refer to the "2016 Third Quarterly Report of Ping An Bank" disclosed by the Company on the website of Shanghai Stock Exchange (www.sse.com.cn) for operating performance of Ping An Bank for the third quarter of 2016.

The Board of Directors

Ping An Insurance (Group) Company of China, Ltd.

October 20, 2016

Ping An Bank Co., Ltd. 2016 Third Quarterly Report

§1 Important Notes

1. The board of directors (hereinafter refer to as the "Board"), the supervisory committee (hereinafter referred to as the "Supervisory Committee"), the directors, the supervisors and senior management of Ping An Bank Co., Ltd. (hereinafter referred to as the "Bank") guarantee the authenticity, accuracy and completeness of the contents of this report, in which there are no false representations and misleading statements contained, or material omissions, and the several and joint responsibilities are assumed as well.

2. The 24th meeting of the 9th session of the Board of the Bank considered the 2016 Third Quarterly Report. 14 directors were expected to attend the meeting and 14 directors were present in person. This report was approved unanimously at the meeting.

3. Sun Jianyi (the Bank's Chairman), Shao Ping (the President), Chen Rong (the Vice President and CFO) and Han Xu (the head of the Accounting Department) guarantee the authenticity, accuracy and completeness of the financial report contained in the 2016 Third Quarterly Report.

4. This quarterly financial report of the Bank has not been audited; however, PricewaterhouseCoopers Zhong Tian LLP conducted agreed-upon procedures towards certain items and the compiling procedures of financial statement.

5. Definitions

   Terms	Definition
   Ping An Bank, the Bank	Shenzhen Development Bank Co., Ltd. (the "Shenzhen Development Bank" or "SDB"), which completed the integration with the original Ping An Bank Co., Ltd. ("Original Ping An Bank") through absorption merger and changed its name to Ping An Bank.
   Shenzhen Development Bank, SDB	A nationwide joint-stock commercial bank established on December 22, 1987, which changed its name to Ping An Bank following the absorption merger of the Original Ping An Bank.
   Original Ping An Bank	A cross-regional joint-stock commercial bank established in June 1995 and deregistered on June 12, 2012.
   PAG, Ping An Group	Ping An Insurance (Group) Company of China, Ltd.

   §2 Key Financial Data and Changes of Shareholders

   2.1 Key Accounting Data and Financial Indicators

   Whether the Company has adjusted or restated retrospectively the accounting data for the previous years due to the change of accounting policies and corrections of accounting errors

   • Yes √ No

(In RMB million)

Item	30 September 2016		31 December 2015	Change from the end of the reporting period over the end of last year
Total assets	2,791,238		2,507,149	11.33%
Shareholders' equity	198,228		161,500	22.74%
Shareholders' equity attributable to ordinary shareholders	178,275		161,500	10.39%
Share capital	17,170		14,309	19.99%
Net asset per share attributable to ordinary shareholders (in RMB)	10.38		9.41	10.31%
Item	Jul - Sep 2016	Increase/decrease as compared with the same period last year	Jan - Sep 2016	Increase/decrease as compared with the same period last year
Operating income	27,199	10.67%	81,968	15.20%
Net profit	6,427	4.42%	18,719	5.52%
Net profit less non-recurring gains/losses	6,413	4.06%	18,707	5.37%
Net cash flow from operating activities	N/A	N/A	(152,942)	(266.27%)
Net cash flow from operating activities per share (in RMB)	N/A	N/A	(8.91)	(266.23%)
Basic EPS (in RMB)	0.37	2.78%	1.09	2.83%
Diluted EPS (in RMB)	0.37	2.78%	1.09	2.83%
Basic EPS less non-recurring gains/losses (in RMB)	0.37	2.78%	1.09	2.83%
Average return on total assets (un-annualised)	0.23%	-0.01 percentage points	0.71%	-0.03 percentage points
Average return on total assets (annualised)	0.92%	-0.03 percentage points	0.94%	-0.05 percentage points
Weighted average return on net assets (un-annualised)	3.67%	-0.33 percentage points	11.02%	-1.37 percentage points
Weighted average return on net assets (annualised)	14.43%	-1.25 percentage points	14.45%	-1.61 percentage points
Weighted average return on net assets less non-recurring gains/losses (un-annualised)	3.67%	-0.33 percentage points	11.01%	-1.39 percentage points
Weighted average return on net assets less non-recurring gains/losses (annualised)	14.40%	-1.30 percentage points	14.44%	-1.64 percentage points

Note: The profit distribution proposal of the Bank for 2015 was implemented during the first half of 2016. A cash dividend of RMB1.53 (tax inclusive) was paid to every shareholder for every 10 shares held based on the total share capital of the Bank as at December 31, 2015 comprised 14,308,676,139 shares by way of capital reserve to every shareholder on the basis of two shares for every 10 shares.

Pursuant to the Standards for Content and Format of Information Disclosure of Companies Issuing Securities Publicly No. 9

- Calculation and Disclosure of Return on Net Assets and Earnings Per Share (Amended in 2010), the earnings per share for the respective comparative periods shall be recalculated based on the adjusted number of shares. The earnings per share, net cash flows from operating activities per share and net assets per share attributable to ordinary shareholders for the comparative periods stated in the table above were recalculated based on the adjusted number of shares.