Please note that the Terms and Conditions …

1 Updated as of 24 April 2018 Bank of China Limited, Singapore Branch (Co Reg No S36FC0753G) Please note that the Terms and Conditions Governing BOC Family Credit Card Cash Rebate Programme will be amended with effect from 24 April 2018. Some of the material amendments are: The total cap for the Family Cash Rebate will be removed and replaced with three individual caps for the different spend categories, as follows: Spend Categories Family Cash Rebate Family Cash Rebate earned Dining (Fast food & Restaurants)* Movies (new) 10% Cash rebate capped at $30 per Card Account per billing cycle Online purchases 5% Cash rebate capped at S$30 cash rebate per Card Account per billing cycle Supermarkets, Hospital bills, NETS FlashPay Auto Top-up, Selected Merchants and Telecommunication bills# 5% Cash rebate capped at S$40 cash rebate per Card Account per billing cycle All other retail purchases^ * The Family Cash Rebate on Dining will be revised from 7% to 10% (subject to the relevant condition).

2 # The Family Cash Rebate on Telecommunication bills will be revised from 1% to 5% (subject to the relevant condition). ^ The Family Cash Rebate on all other retail purchases will be revised from to (subject to the relevant condition). To enjoy the Family Cash Rebate, the minimum spend charged to a Card Account in a billing cycle will be revised from S$500 to S$700. The Base Cash Rebate will be revised from to on all retail transactions spend, if less than S$700 is charged to a Card Account in a billing cycle. Consequential changes have been made to Additional Cash Rebate. Please refer to the full Terms and Conditions Governing BOC Family Credit Card Cash Rebate Programme for details. Terms and Conditions Governing BOC Family Credit Card Cash Rebate Programme Under the BOC Family Credit Card Cash Rebate Programme (this Programme ), cash rebate will be awarded on spend made by a BOC Family Credit Card Cardmember ( Cardmember ) with his/her BOC Family Credit Card ( Card ).

3 The Terms and Conditions of this Programme ( Terms and Conditions ) are set out below. Updated as of 24 April 2018 Bank of China Limited, Singapore Branch (Co Reg No S36FC0753G) BOC may in its absolute discretion amend, supplement or vary any of these Terms and Conditions or change, cancel or withdraw this Programme at any time without giving any reason or prior notice. These Terms and Conditions are additional to, and shall be read together with, the Terms contained in the prevailing BOC Cardmember Agreement, which shall continue to apply. Unless the context otherwise requires or these Terms and Conditions expressly provide otherwise, all words and expressions defined in the prevailing BOC Cardmember Agreement shall have the same meanings when used or referred to below. 1. Cash Rebate (a) Base Cash Rebate cash rebate ( Base Cash Rebate ) will be awarded on all retail transactions spend if a Cardmember charges less than S$700 to his/her Card Account in a billing cycle.

4 (b) Family Cash Rebate If a Cardmember charges a minimum spend of S$700 to his/her Card Account in a billing cycle, the Cardmember will be awarded cash rebate ( Family Cash Rebate ) on the following spend categories: (i) 10% cash rebate on Dining and Movies Dining Dining means all Singapore and Overseas transactions made at all restaurants, cafes and fast food restaurants with the assigned Merchant Category Code (MCC) 5812 - Eating Places and Restaurants and MCC 5814 - Fast Food Restaurants excluding all food and beverage spend within hotels and wedding banquet held in hotels. Movies Movies means transactions made at all movie theatres in Singapore (including online store) with the assigned MCC 7832 - Motion Picture Theaters. The Family Cash Rebate for Dining and Movies is capped at S$30 per Card Account per billing cycle. (ii) 5% cash rebate on Online purchases Online purchases means retail transactions which are made via the internet, charged to the Card and processed by the respective merchants/acquiring banks as an online transaction through Visa/MasterCard Worldwide networks but shall exclude the following transactions: a) payments to government institutions and payments for government related services; b) payments to financial institutions (including banks and brokerages) and payment for financial services; c) utility bill payments; d) donations and charity; Updated as of 24 April 2018 Bank of China Limited, Singapore Branch (Co Reg No S36FC0753G) e) payments of funds to prepaid accounts and merchants who are categorised as payment service providers ; f) payments for parking lots; g) payments for cleaning, maintenance, and janitorial services.

5 H) payments made via AXS and SAM; and i) any other transactions as determined by BOC from time to time. Some examples of merchants which are excluded for Online purchases: Category Examples Government Institutions / Services ACRA, CPF, HDB SEASON PARKING, ICA, LTA, MOM, Town Council, URA Financial Institutions / Services (including banks and brokerages) helloPay, MatchMove Pay, Saxo Cap Markets, IG MARKETS, , , OANDA PACIFIC, Swiss Money Transfer Utility Bill Payments / Other Payments SP Services , AXS, SAM payments Prepaid accounts and payment service providers EZLINK (FEVO), EZLINK (IMAGINE), TransitLink, NETS FlashPay, SingTel Dash Cleaning, Maintenance, and Janitorial Services Helpling, Sendhelper The Family Cash Rebate for Online purchases is capped at S$30 per Card Account per billing cycle. (iii) 5% cash rebate on Supermarkets, Hospital bills, NETS FlashPay Auto Top-up ( ATU ), Selected Merchants and Telecommunication bills Supermarkets Supermarkets means transactions made at all major supermarkets and/or hypermarket stores in Singapore with the assigned MCC 5411 Grocery Stores and Supermarkets.

6 Hospital bills Hospital bills means on-site transactions made at hospitals in Singapore with the assigned MCC 8062 Hospitals. For the avoidance of doubt, all transactions made at hospitals in Singapore that do not fall within the assigned MCC 8062 will be eligible for cash rebate. NETS FlashPay ATU NETS FlashPay ATU transactions are automatic top-ups on the NETS FlashPay facility charged to a Card. The 5% cash rebate for NETS FlashPay ATU transactions is awarded for up to four top-ups per Card Account, per billing cycle. Selected Merchants Selected Merchants means transactions made at Best Denki; BIG BOX with the assigned MCC 5411 - Grocery Stores and Supermarkets, MCC 5712 - Furniture, Home Furnishings, and Equipment Stores, MCC 5732 - Electronics Updated as of 24 April 2018 Bank of China Limited, Singapore Branch (Co Reg No S36FC0753G) Stores and MCC 5912 - Drug Stores and Pharmacies; POPULAR Bookstore; Toys R Us; Unity Pharmacy; Watsons; and Welcia-BHG, in Singapore (except for retail stores in schools, roadshows, expo and events).

7 Telecommunication bills Telecommunication bills ( Telco bills ) means any payment made to major telecommunication companies in Singapore. (iv) cash rebate on all other retail purchases, ( other spend ) unless stated in these Terms and Conditions or by BOC in its absolute discretion. The Family Cash Rebate for (iii) Supermarkets, Hospital bills, NETS FlashPay Auto Top-up ( ATU ), Selected Merchants and Telecommunication bills; and (iv) all other retail purchases is capped at S$40 per Card Account per billing cycle. (c) Additional Cash Rebate A Card Account which qualifies for Family Cash Rebate will be awarded a 2% cash rebate ( Additional Cash Rebate ) on other spend (which, for the avoidance of doubt, excludes spend categories on Dining and Movies, Online purchases, and Supermarkets, Hospital bills, NETS FlashPay ATU, Selected Merchants and Telecommunication bills that earn Family Cash Rebate higher than ) charged to Supplementary Card(s) if a minimum aggregate spend of S$200 is charged to such Supplementary Card(s) in a billing cycle.

8 The total Additional Cash Rebate is capped at S$20 per Card Account per billing cycle. 2. Other Terms and Conditions (a) The total spend by a Cardmember and cash rebate awarded per Card Account in one billing cycle are based on posted local and foreign retail transactions in that billing cycle, and excludes interest, annual fees, finance charges, cash advances, balance transfer, purchases made through Installment Payment Plans, Purchase Instalment Plan, Tax Payment Facility, IRAS processing fee, goods and services taxes, loading of prepaid accounts, cards and merchants (including EZ-Link and TransitLink), all fees charged by BOC or any other third parties (if any) and such other transactions as determined by BOC from time to time at its sole discretion. (b) Combined spend from Principal and Supplementary Cards is allowed for the purposes of the award of the Base Cash Rebate or Family Cash Rebate.

9 Combined spend from Supplementary Cards is allowed for the purposes of the award of the Additional Cash Rebate. (c) Any cash rebate shall be computed based on the amount of each posted transaction, and rounded down to the nearest two decimal places. (d) Transactions made must be posted transactions before the end of each billing cycle. BOC shall not be responsible for any delay in the transmission to BOC of evidence of retail purchases by the merchants or any other third parties. Further, BOC identifies transactions and their categories via universal MCC assigned by Visa. Updated as of 24 April 2018 Bank of China Limited, Singapore Branch (Co Reg No S36FC0753G) The MCC is not decided by BOC but rather by the respective merchants and their acquiring banks. As such, BOC shall not be liable in any way whatsoever to award any rebate to any Cardmember or to compensate any Cardmember for any losses, liabilities, expenses or claims suffered or incurred by any such Cardmember, if a relevant merchant classifies its MCC inaccurately and results in BOC not awarding any rebate to such Cardmember.

10 (e) Base Cash Rebate or Family Cash Rebate awarded will be credited into the Card Account in the next billing cycle. The cash rebate awarded will be reflected on the monthly statement for the Card Account. (f) Additional Cash Rebate awarded will be credited into the Card Account in the next billing cycle. The cash rebate awarded will be reflected on the monthly statement for the Card Account. (g) In the event of a reversal, refund or cancellation of any posted transactions, the amount of such reversed, refunded or cancelled posted transactions shall be deducted from the relevant monthly billed amount for computation and award of cash rebate. BOC reserves the right to debit the Card Account for cash rebate credited and/or to charge the Cardmember in relation to such reversal, refund or cancellation of posted transactions. (h) All cash rebate may only be used to settle card transactions incurred on the Principal Card or the Supplementary Card (if any).