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PROPOSED DIVIDEND IN SPECIE OF UNITS IN KEPPEL REIT Unless otherwise defined, all capitalized terms and references used in this announcement shall bear the meaning ascribed to them in the circular to shareholders dated 7 August 2013 (the “Circular”). Keppel Corporation Limited (“Company”) wishes to announce that: (a) the Central Depository (Pte) Ltd (“CDP”) has informed the Company that the Securities Accounts of Entitled Shareholders (being Depositors and who are not Overseas Shareholders) have been credited with Keppel REIT Units at 9 a.m. today; and (b) the Unit Registrar and Unit Transfer Office of Keppel REIT, Boardroom Corporate & Advisory Services Pte. Ltd., has today despatched to each Scrip-based Shareholder a confirmation note indicating the number of Keppel REIT Units he is entitled to at his address as recorded in the Register of Members. Keppel REIT Units which would otherwise have been distributed to Overseas Shareholders pursuant to the Distribution will be dealt with in the manner described in section 2.3.6(i) of the Circular. Following the Distribution, the Company’s interest in Keppel REIT has decreased from 49.85%* (comprising 1,386,769,133 Keppel REIT Units) to 44.65%* (comprising 1,242,176,189 Keppel REIT Units). *Based on 2,781,820,171 issued units in the capital of Keppel REIT as at 13 September 2013 Trading of Odd Lots For the purposes of trading on the Main Board of the SGX-ST, each board lot of Keppel REIT Units will comprise 1,000 Keppel REIT Units. Entitled Shareholders who receive odd lots of Keppel REIT Units pursuant to the Distribution should note that a temporary counter for the trading of Keppel REIT Units in board lot of 1 Keppel REIT Unit has been established for a period of one calendar month from 13 September 2013 (“Concession Period”) for their convenience. The Company has also arranged for DBS Vickers Securities (S) Pte Ltd, OCBC Securities Private Limited and UOB Kay Hian Pte Ltd to offer concessionary brokerage rates for the trading in odd lots of Keppel REIT Units on the temporary odd-lot counter during the Concession Period. The brokerage fee payable by those who trade on the temporary odd-lot counter during the Concession Period through the three (3) securities houses above are as follows: Minimum brokerage fee, provided the number of Keppel REIT Units traded in any one contract does not exceed 999 Keppel REIT Units DBS Vickers Securities (S) Pte Ltd OCBC Securities Private Limited UOB Kay Hian Pte Ltd S$20.00 per contract (via a broker or the internet). S$20.00 per contract (via a broker or the internet). S$20.00 per contract (via a broker or the internet). For trades in lots of 1,000 Keppel REIT Units or higher, the usual brokerage fee applies. After the Concession Period, Unitholders who hold odd-lots of Keppel REIT Units can continue to trade in odd-lots on the Unit Share Market of the SGX-ST which allows trading of securities in single units. By Order of the Board Caroline Chang / Kenny Lee Company Secretaries 13 September 2013