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Bank Of America To Buy 6B China Construction Bank H-Shrs

Last Update: 5/27/2008 8:23:53 AM

DOW JONES NEWSWIRES

Bank of America Corp. (BAC) plans to exercise part of the option it has to buy
more common shares of China Construction Bank Corp. (CICHF).

The company, of Charlotte, said the option would be exercised under an agreement
Bank of America has with Huijin reached when it first invested in CCB in June
2005.

Bank of America said it intends to purchase 6 billion H-shares on or about June
5, which would take its total stake to 25.1 billion H-shares, or 10.75% of CCB’s
issued shares.

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