Clarification on media report of Commercial Times (page A1) dated March 17, 2008

2008-03-17

1.Name of the reporting media:Commercial Times (page A1) 2.Date of the report:2008/03/17 3.Content of the report:Rumor has it that Cathay Life’s 2007 Embedded Value (EV) will have substantial growth, and expected to be announced on analyst meeting this Friday. 4.Summary of the information provided by investors:None 5.Company's explanation of the reportage or provided information:Cathay Financial Holdings clarifies that the report was based on market speculation and Cathay doesn’t release any related information. Please make your investment decision on verified information, instead of on the unfounded speculation. 6.Countermeasures:None 7.Any other matters that need to be specified:None