Air China proposed issuance of new A shares and new H shares under specific mandate

At the Board meeting of the Company held on 11 March 2010, it was resolved that the Board will convene an extraordinary general meeting and the class meetings of the Domestic Shareholders and the Foreign Shareholders, respectively, for the grant ofspecific mandates to the Board to issue not more than 585,000,000 A Shares to not more than 10 specific investors including CNAHC at the subscription price of not less than RMB9.58 per A Share and issue not more than 157,000,000 new H Shares to CNACG at the subscription price of not less than HK$6.62 per H Share.