Press Release

BOC Aviation Announces New Chairman

20 Jan 2009

BOC Aviation announced today that Ms Zhang Yanling, Executive Vice President of Bank of China (“BOC”), is the new Chairman of the Board of BOC Aviation.

Ms Zhang is a member of the Senior Management of BOC and has served as Executive Vice President of BOC since March 2002.  She joined the bank in 1977 and served as Executive Assistant President from October 2000 to March 2002.  Prior to that, she was General Manager of Banking Department, General Manager of Milan Branch and General Manager of Legal Affairs Department.  Ms Zhang has also served as Vice Chairman of the International Chamber of Commerce Banking Commission since July 2003. 

Since June 2002, Ms Zhang has been a Non-Executive Director of BOCHK Holdings.  She has also been serving in succession as Chairman and Vice-Chairman of the Board of Directors in BOC International since September 2003.

Ms Zhang graduated from Liaoning University in 1977 and received a Masters degree from Wuhan University in 1999.
   
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 97 modern aircraft operated by airlines worldwide. In addition, the company has 71 aircraft on firm order for delivery through to 2013.  BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years. 

BOC Aviation is 100% owned by Bank of China, the fifth largest bank in the world*.

*Based on market capitalization as at 31 December 2008.