Hong Kong, June 1, 2006 - Shearman & Sterling LLP represented the underwriters, led by Bank of China International, Goldman Sachs and UBS, in connection with the US$11 billion privatization, Hong Kong Stock Exchange listing and Rule 144A/Regulation S initial public offering of Bank of China Limited (BOC), one of China's four biggest state-owned commercial banks and the country’s second-largest lender.

It is the world’s sixth-largest IPO ever and the largest IPO to date by a Chinese company.

The offering comprises 29.4 billion H shares in a global offering, including over-allotment shares.  Trading of BOC’s H shares debuts today.

The Shearman & Sterling team was led by Beijing capital markets partner Alan Seem, who was assisted by associates Wayne Loo, Xinmei Chen, Yunlong Gao, Pingping Liu and Yihan Sun in the firm’s Beijing office, and Megan Tang in the firm’s Hong Kong office.  The transaction also involved lawyers from the firm’s New York, Menlo Park and Washington DC offices, including partners Danforth Newcomb and Laurence Crouch, counsel Perry Bechky and associates Ivan Lee and Cynthia Abelow.

For additional information contact:
Karen Chan | Marketing | Hong Kong | +852 2978 8017 |