Regulators Approve Share Transfer of Morgan Stanley's Stake in CICC to TPG, KKR, GIC, and Great Eastern Life

BEIJING, December 8, 2010 - KKR, TPG, Government of Singapore Investment Corporation Pte Ltd ("GIC"),
and The Great Eastern Life Assurance Company Limited ("Great Eastern Life")
have received all required regulatory approvals for the purchase of Morgan
Stanley's stake in China International Capital Corporation ("CICC").

Li Jiange, Chairman of CICC, said, "This year is CICC's 15th anniversary.
The change in our shareholding will have a very positive strategic impact on
CICC and benefit its long-term development. We introduced new shareholders
while also receiving additional investment from GIC, our long-time existing
shareholder. Both demonstrate the investors' recognition of CICC's
achievements in the past 15 years and full confidence in CICC's long term
growth prospects. The introduction of some of the most prominent
international institutional investors will help CICC in its future business
development and international expansion." Li Jiange also said, "As one of the
founding shareholders of CICC, Morgan Stanley has contributed to the
development of CICC's business and internal systems in the past 15 years,
together with other shareholders."

The investors said, "We are delighted to have this opportunity to invest
in CICC, one of the most prestigious and successful financial institutions in
China. CICC has played a pivotal role in the development of China's financial
industry. As China takes an ever more prominent position in the world's
financial markets, CICC has the potential to become a leading financial
institution internationally. We are proud to become shareholders of CICC, and
GIC is pleased to increase its stake. We are all committed to creating value
for CICC's continued strong development by fully utilizing our global
resources and expertise."

About CICC

CICC is China's first joint venture investment bank, CICC is committed to
providing investment banking, capital markets, institutional and individual
securities sales and trading, fixed income, asset management, private equity
and market research services that meet international standards to both
institutional and individual clients.

CICC was established in August 1995 as a strategic partnership among
prestigious Chinese and international financial institutions and
corporations.

Headquartered in Beijing, CICC set up offices in strategic locations
including Hong Kong, New York, London, Singapore and mainland. In line with
increasing business diversity, CICC is active in expanding its overseas
presence while consolidating a solid base for its goal to become a
China-based international investment bank.

About GIC

GIC is a global investment management company established in 1981 to
manage Singapore's foreign reserves. With a network of offices in nine cities
worldwide and headquartered in Singapore, GIC invests internationally in
equities, fixed income, natural resource, treasury & currencies, real estate,
private equity and infrastructure.

Since our inception, we have grown from managing a few billion dollars,
to well above US$100 billion today. With a portfolio this size, we are now
amongst the world's largest fund management companies. The group strives to
achieve good long-term returns on assets under our management, to preserve
and enhance Singapore's reserves.

About Great Eastern Life

Great Eastern Life is a subsidiary of Great Eastern Holdings Limited
("Great Eastern"). Great Eastern is the oldest and most established life
insurance group in Singapore and Malaysia. With S$53.1 billion in assets and
3.8 million policyholders, it has two successful distribution channels - the
tied agency force and bancassurance. The Company also operates in China,
Indonesia, Vietnam and Brunei. Great Eastern's asset management subsidiary,
Lion Global Investors Limited, is one of the largest private sector asset
management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC Bank. Established in 1912, OCBC
Bank is the second largest financial services group in Southeast Asia by
assets. It is among the world's highest rated banks, with a long term credit
rating of Aa1 from Moody's. OCBC Bank's key markets are Singapore, Malaysia,
Indonesia and Greater China. It has a network of 530 branches and
representative offices in 15 countries and territories, including 411
branches and offices in Indonesia operated by its subsidiary, Bank OCBC NISP.

About KKR

Founded in 1976, KKR is a leading global investment firm with $55.5
billion in assets under management as of September 30, 2010. With over 14
offices around the world, KKR manages assets through a variety of investment
funds and accounts covering multiple asset classes. Since inception, KKR has
completed multiple private equity investments with a total transaction value
in excess of $430 billion and the portfolio companies in the firm's private
equity funds have over $200 billion of annual revenues and more than 900,000
employees. KKR seeks to create value in its private equity investments by
working as a partner with management and bringing global resources and
operational expertise to its portfolio companies. KKR invests in high-quality
franchises across multiple industries and geographies, including Asian
investments such as International Far Eastern Leasing, Ma Anshan Modern
Farming Co., and Oriental Brewery, among many others, and past and present
investments in financial services sector, including First Data Corp, First
Interstate Bankcorp, Bank of New England, and American Re. KKR is publicly
traded on the New York Stock Exchange (NYSE: KKR). For additional
information, please visit KKR's website at www.kkr.com.

About TPG

TPG is a leading private investment firm founded in 1992, with more than
$48 billion of assets under management and offices in San Francisco, Beijing,
Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New
York, Paris, Shanghai, Singapore and Tokyo. TPG has extensive experience with
global public and private investments executed through leveraged buyouts,
recapitalizations, spinouts, growth investments, joint ventures and
restructurings. TPG's investments span a variety of industries including
financial services, travel and entertainment, technology, industrials,
retail, consumer, media and communications, and healthcare. TPG has a 15 year
history of investing and adding value to leading businesses in China, both
through its local team of experienced professionals as well as its
significant global resources including a dedicated team of operating
professionals. TPG's investments in China have included Lenovo, Shenzhen
Development Bank, China Grand Auto, NT Pharma and Daphne, among others.

For media inquiries, please contact:

    CICC
    Sherry Tan                                Guang Yang
    Tel: +86-10-6505-1166 ext.3765            Tel: +86-10-6505-1166 ext.6075
    Mobile: +86-13801367661                   Mobile: +86-13601391785
    tans@cicc.com.cn                          yangg@cicc.com.cn

    GIC

    Jennifer Lewis
    Head, Corporate Affairs & Communications
    Tel: +65-6889-8383
    Mobile: +65-9826-6198
    jenniferlewis@gic.com.sg

    Great Eastern Life

    Tan Seck Geok
    Head, Group Corporate Communications
    Tel: +65-6248-2215
    tanseckgeok@lifeisgreat.com.sg

    KKR
    Peter McKillop or Kristi Huller          Richard Barton
    Tel: +1-212-750-8300                     Tel: +852-2218-9988
    media@kkr.com                            Mobile: +852-9308-1056
                                             rbarton@kreabgavinanderson.com

                                             Grace Zhang
                                             Tel: +852-2218-9922
                                             Mobile: +852-6746-8971
                                             gzhang@kreabgavinanderson.com

    TPG
    Tim Payne                                Owen Blicksilver
    Tel: +852-3512-5000                      Tel: +1-516-742-5950
    Mobile: +852-6104-6266                   owen@blicksilverpr.com
    tpgchina@brunswickgroup.com

CICC: Sherry Tan at +86-10-6505-1166 x3765, +86-138-0136-7661 or tans at cicc.com.cn; Guang Yang at +86-10-6505-1166 x6075, +86-136-0139-1785 or yangg at cicc.com.cn; GIC: Jennifer Lewis, Head, Corporate Affairs & Communications at +65-6889-8383, +65-9826-6198 or jenniferlewis at gic.com.sg; Great Eastern Life: Tan Seck Geok, Head, Group Corporate Communications at +65-6248-2215 or tanseckgeok at lifeisgreat.com.sg; KKR: Peter McKillop or Kristi Huller at +1-212-750-8300 or media at kkr.com; Richard Barton at +852-2218-9988, +852-9308-1056 or rbarton at kreabgavinanderson.com, Grace Zhang at +852-2218-9922, +852-6746-8971 or gzhang at kreabgavinanderson.com; TPG: Tim Payne at +852-3512-5000, +852-6104-6266 or tpgchina at brunswickgroup.com; Owen Blicksilver at +1-516-742-5950 or owen at blicksilverpr.com