Ping An's shareholders approve the Company s refinancing plan at the EGM

Ping An's shareholders approve the Company s refinancing plan at the EGM

Hong Kong, 5 March 2008 Ping An Insurance (Group) Company of China, Ltd. (hereinafter referred to as Ping An , the Group or the Company , HKEX: 2318; SSE: 601318) today announced that the Group has completed its first Extraordinary General Meeting ( EGM ) in 2008 in Shenzhen, PRC. All resolutions were duly passed.

The EGM was held on the day in concert with its first A Shareholders Class Meeting and first H Shareholders Class Meeting in 2008. A total of 8,934 shareholders and authorised proxies holding an aggregate of 5,697,465,953 shares voted either on site or on line represents 77.5687% of the total number of shares (7,345,053,334 shares) issued by the Company.

Each and every proposed resolution was reviewed and approved, including the Resolution on the proposed Specific Mandate to issue A Shares relating to a possible A Share Placing . According to the EGM s poll results, nine resolution items under Resolution on the proposed Specific Mandate to issue A Shares relating to a possible A Share Placing secured affirmative votes of over 92% of the total number of votes cast.

All of the 17 resolution items under the Resolution on the proposed application for the issue of not more than 412 million A Share Bonds with Warrants in the PRC secured affirmative votes of over 93% of the total number of votes cast.

The announcement stated that the convening and proceedings of the EGM, the capacities of the persons attending the meetings, voting procedures and voting results all tallied with applicable laws and regulations as well as with the Company s articles of association. Hence, the resolutions of the meetings passed are legal and effective.

Ping An commented: We would like to take this opportunity to express our deep gratitude to all shareholders for their support and trust in the Board of Directors and management of the Company. The approval of the refinancing resolutions demonstrates the confidence domestic and overseas investors have in the Chinese economy and its financial and insurance sector, in particular Ping An s steady development and growth prospects

Notwithstanding the approval of all resolutions at the EGM, Ping An said the Company would take into account the interests of all shareholders and market conditions, such as timing, scale and investor appetite as regards to the refinancing, in a prudent manner under applicable laws and regulations.

Built upon the foundation of solid management, clear-cut business orientation, prudent financial principles and steady growth in all businesses, Ping An will be achieving stable returns for all shareholders in the long run.

The related announcement is available on the website of the Shanghai Stock Exchange: http://www.sse.com.cn/cs/zhs/scfw/gg/ssgs/2008-03-06/601318_20080306_1.pdf