Cathay Pacific Joint announcement

On 17th August 2009, Air China and CITIC Pacific entered into the Air China Agreement, pursuant to which Air China has agreed to purchase, and CITIC Pacific has agreed to sell, 491,864,724 Cathay Pacific Shares owned by CITIC Pacific for an aggregate consideration of approximately HK$6,335 million, representing a price of HK$12.88 per Cathay Pacific Share. Assuming completion of such sale and purchase, Air China will increase its shareholding in Cathay Pacific to 1,179,759,987 shares, representing approximately 29.99% of the issued share capital of Cathay Pacific.

Refer to full documentation in attachments box, located at the top left, below the headline.