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Investor MeetingsInvestor MeetingsApril 2008

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Content

• Introduction

• Strategic Focus

• Financial Performance

• Recent Awards

• Recent Developments in Singapore and Overseas

• Going Forward

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Introduction

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Manager of four funds and a pan-Asian commercial REIT

Total assets of $5.5 bil @ 31 Mar 08Market cap of $4.4 bil @ 25 Apr 08

Focus on residential and township developments in Singapore, China, Vietnam, India and Indonesia

Developer of One Raffles Quay and Marina Bay Financial Centre, the new financial hub in Singapore downtown

Premier property company

Leading prime office player

Asia’s quality home developer

Established property fund manager

Introduction

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Strategic Focus

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• Property Development

– Singapore : Commercial developments especially in the New Downtown and CBD

: Luxury waterfront and mid-tier housing

– Overseas : Residential townships and integrated lifestyle developments

• Property Fund Management

– Grow fee-based income with greater AUM

Focus On Two Core Businesses

Strategic Focus

Recycle Capital To Take on Large-Scale Projects

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Financial Performance

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(33.3)15.610.4Annualised ROE (%)

(63.6)1.180.43Net Debt / Equity Ratio (x)

39.8 2.313.23NTA / Share ($)

(3.4)8.78.4EPS (¢)

3.6 27.728.7Overseas Earnings (% of PATMI)(3.5)62.560.3PATMI ($m)

(1.1)83.882.9Pre-tax Profit ($m)

29.35571.1Operating Profit ($m)

(7.5)295.4273.1Turnover ($m)

% Chg1Q20071Q2008

1Q08 Financial Highlights

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5-Year Financial Profile

FY07 FY06 FY05 FY04 FY03

PATMI ($m) 779.7* 200.3 155.7 132.7 100.4

Overseas Earnings (% of PATMI) 39.6 63.6^ 59.0^ 43.3 31.6

EPS (¢) 108.3 27.9 21.8 18.7 14.2

NTA / Share ($) 3.18 2.21 2.35 2.26 2.09

Net Debt / Equity Ratio (x) 0.41 1.04 1.14 0.96 0.95

ROE (%) 46.2* 12.8 9.5 8.6 6.8

DPS after Tax (¢) 20# 6 5 4 3.1

* Includes corporate restructuring surplus / enbloc property sales less impairment provision, and net gain on revaluation of investment properties^ % of PATMI before gains from en bloc property sales and impairment provision# Comprises Final Dividend of 8 cents and Special Dividend of 12 cents

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• PATMI CAGR of 67%* (2003-2007)

• ROE up from 6.8% in 2003 to 46.2% in 2007

Growth in PATMI and ROE

* Includes corporate restructuring surplus / enbloc property sales less impairment provision, and net gain on revaluation of investment properties

132.7100.4

155.7

779.7*

200.3

46.2%

12.8%9.5%8.6%6.8%

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100

200

300

400

500

600

700

800

2003 2004 2005 2006 2007

$m

0%

10%

20%

30%

40%

50%

60%

%

PATMI ROE

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Recent Awards

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Recent Corporate Awards

• BT Corporate Transparency Index (22 Jan 2008)

– Ranked 4th out of 675 companies

• SIAS Investors’ Choice Awards 2007

– Runner-up of Most Transparent Company Award in Property category

• Finance Asia Best Managed Companies

– Among Top Five in Singapore for :

Best Managed Company

Most Committed to Corporate Governance

Best Investor Relations

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• Christofle Asia Boating Awards 2008

– Best Asian New Marina/Yacht Club - Marina at Keppel Bay

• Vietnam Economic Times Golden Dragon Award 2007

– Sedona Suites Hanoi

• The Guide Awards - Suave Choice Apartments 2007

– Sedona Suites Hanoi

– Sedona Suites HCMC

• Asian Golf Monthly Awards 2007

– Best Golf Resort in Asia (1st runner-up) - Spring City Golf & Lake Resort, Kunming

– Best Golf Course in Indonesia - Ria Bintan (Ocean Course)

Recent Awards for Product Excellence

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Green Awards

• BCA Green Mark Awards

– Gold Award for Reflections at Keppel Bay (2008)

– Gold Award for Marina Bay Residences (2007)

– Gold Award for The Tresor (2006)

• Clean Marinas Program Accreditation

– Marina at Keppel Bay (achieved accreditation in 2008)

• Singapore Green Summit 2007

– Finalist in Singapore Environmental and Social Reporting Awards

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Recent Developmentsin Singapore and Overseas

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Singapore ResidentialExciting Waterfront Developments at Keppel Bay

Marina at Keppel BayMarina at Keppel Bay

Singapore’s first truly waterfront district for live-work-play Singapore’s first truly waterfront district for live-work-play

Reflections at Keppel BayReflections at Keppel Bay• 1,129 premier waterfront homes

• Phase 1 (620 units) fully sold

• Phase 2 to be launched in 2H 2008

• Green Mark – Gold Award

• World-class marina with up to 170 berths and a clubhouse complex

• Best New Asian Marina / Yacht Club by Christofle Asia Boating Awards 2008

• Accredited Clean Marina

• Host of Boat Asia 2008 (April 24-27)

Keppel Bay BridgeKeppel Bay Bridge• 250m landmark bridge linking mainland

to Keppel Island

• Longest cable-stayed bridge locally

• Nominated for Land Transport Excellence Awards 2008 – Best Design (Land Transport Integration)

Reflections at Keppel Bay

Marina at Keppel Bay Keppel Bay Bridge

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Singapore CommercialKey Driver in Remaking of Office Landscape

3.8 mil sf NLA Under Development in CBD and New Downtown 3.8 mil sf NLA Under Development in CBD and New Downtown Marina Bay Financial CentreMarina Bay Financial Centre

• > 50% of both phases totalling 2.9mil sfof Grade A NLA has been committed

• Major tenants :

• New tenants :

Ocean Financial CentreOcean Financial Centre

• 850,000 sf of Grade A NLA

• Financing and main contractor secured

• Construction to commence in 2008

• Completion : 2011

Marina Bay SuitesMarina Bay Residences

Ocean Financial CentreMarina Bay Financial Centre

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Singapore CommercialK-REIT Asia Continues to Outperform

One Raffles QuayOne Raffles Quay

• Distributable income up 166% y-o-y

– Distribution Per Unit (DPU) of 4.60 cents, up 160% y-o-y

• Income contribution up 210% y-o-y

• 99.6% committed occupancy as at 1Q 2008

• K-REIT receives Unitholders’ approval for rights issue – 8 for 5 rights ratio at a rights issue price of $1.39/unit to

raise approximately $551.7m

– Leverage significantly reduced to 27.7% from 53.9%

– Funding capacity of about $679.8m created

• Potential cash outlay of about $232.2m for KLL based

on its 42.1% interest in K-REIT

• KLL’s net debt / equity ratio will increase to about 0.52

from 0.43 as at end-March 2008 *

* Assuming all minority Unitholders subscribe for the rights issue

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OverseasGood Response to New Township Launches

Jakarta Garden City, Jakarta, IndonesiaJakarta Garden City, Jakarta, Indonesia

The Botanica Ph 3, Chengdu, ChinaThe Botanica Ph 3, Chengdu, China

Central Park City, Wuxi, ChinaCentral Park City, Wuxi, China

• 9,367 units

• 76% of 191 units launched sold

• 1,048 units

• 91% of 788 units launched sold

• 4,700 units

• 85% of 728 units launched sold

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OverseasProgressively Rolling Out Homes

The Estella, HCMC, VietnamThe Estella, HCMC, Vietnam Elita Garden Vista, Kolkata, IndiaElita Garden Vista, Kolkata, India• 1,500 units

• All 650 soft-launched units registered buyer interest

– 165 sales concluded so far in line with new government regulations *

• 1,376 units

• 350 soft-launched units; 75% sold

• Official sales launch : 2Q 2008

* Local government regulations state that piling works have to be completed before sales can take place

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Overseas - ChinaInvolvement in Development of Tianjin Eco-City

• Keppel Group to lead Singapore consortium in the development of the Sino-Singapore Tianjin Eco-City

• Phased development of 30km² site over 10-15 years

• An international model city for sustainable development

– Economically vibrant– Socially harmonious– Environmentally friendly– Resource efficient

Balancing ecological rehabilitation with urban development Balancing ecological rehabilitation with urban development

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Overseas - VietnamDevelopment of Saigon Centre Phase 2

• Mixed-use development on 2-ha site strategically located in HCMC’s CBD

• Renowned architect Skidmore, Owings and Merrill to design new concept plans

• Phase 1 completed in 1996– 3-storey retail podium (100% leased)

– 11-storey office tower (100% leased)

– 89 units of serviced apartments (near 100% occupancy)

• Construction of Phase 2 scheduled to commence in 2009

Saigon Centre, Ho Chi Minh CitySaigon Centre, Ho Chi Minh City

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Overseas - VietnamLargest Foreign Developer with Pipeline of 25,000 Homes

Secured option to develop 1,500 units on 5.1 ha site in District 2Secured option to develop 1,500 units on 5.1 ha site in District 2

Existing Keppel Land developmentsNew site under option

^ Includes commercial area* Excludes area and units sold

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201014,0002,743,000^3,667,127Waterfront Township,Dong Nai

25,0604,913,7484,804,236Total

20093,000 789,222^ 640,476 Saigon Sports City, District 2, HCMC

20091,939 273,760 68,442 Condo, District 9, HCMC

20091,500 244,800^ 51,000Prime Condo, District 2, HCMC

20082,394 408,566^ 85,118 Waterfront Condo, District 7, HCMC

2008549 87,140 17,428 Waterfront Condominium, Binh Thanh District, HCMC

20081,335* 279,800^ 47,906 The Estella, District 2, HCMC

2009139 33,950 97,000 Luxury Villa Development, District 9, HCMC

2009204 53,510 129,739 Villa Development, District 9, HCMC

Exp.Launch

TotalUnits

Total GFA(sm)

Site Area(sm)Project

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Fund Management

* When fully leveraged and invested^ Reduction in value due to discontinuation of service contract with Islamic Shariah Fund

• Portfolio value of S$2.1 bn

Total Assets Under Management of S$5.9 bn * ^Total Assets Under Management of S$5.9 bn * ^

K-REIT AsiaK-REIT Asia

AlphaAlpha

US$0.6bn (S$1.0bn)

US$1.4bn (S$2.3bn)

US$4.0bn (S$6.1bn)

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

2004 2005 2006 2007 1Q2008

Total Assets Under Management * ^

Alpha K-REIT Asia

US$2.3bn(S$3.7bn)

US$3.9bn(S$5.9bn)

• Manages over 40 properties in 10 countries

• Starting new fund to focus on Asian macro trends

(S$400m) 5 100%

US$243mAsia No. 1 Property Fund

(S$720m) 4 100%

US$437mAlpha Core Plus Real Estate Fund

(S$258m) 1 26%

US$172mAIB Alpha Japan Fund

No. of Countries

Invested in

% Invested

Committed EquityFunds

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Market Review and Outlook

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Home sales volume and prices moderatingHome sales volume and prices moderating• Price index up 3.7% in 1Q 2008 (URA)

• Take-up of 762 units in 1Q 2008 (URA)

Healthy fundamentals to sustain demandHealthy fundamentals to sustain demand

• Target population growth to 5.5–6.5 mil • Increasing number of foreign buyers • En-bloc displacement demand • Low mortgage interest rates

• GDP grew 7.2% in 1Q 08, beating expectations (MTI flash estimate)

• A strong Sing dollar to ease inflationary pressures

Market sentiment cautious but optimisticMarket sentiment cautious but optimistic

Singapore Residential Market

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Rentals and occupancy continue to rise Rentals and occupancy continue to rise • Grade A average rental of $18.65 psf in 1Q 08,

up 8.7% y-o-y (CBRE)

• Grade A occupancy of 99.4% (CBRE)

• Broad-based demand coming from legal, IT and energy sectors, in addition to financial institutions

Positive absorption of office space expectedPositive absorption of office space expected

• Limited supply of 1.7m sf p.a. over next few years

• Healthy level of occupier pre-commitment in many of the new developments

Singapore Office Market

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HOME OWNERSHIP

ASPIRATIONS

Economic Growth

Favourable Demographics

Growing Middle Class

Rising Affluence

Urbanisation Trends

Overseas Promising Residential Markets in Asia and Middle East

• China

• India

• Vietnam

Healthy domestic demand to sustain economic performance

Sustained economic growth of 8% p.a. for past 5 years

On track to achieve GDP growth target of 11.9% (China) and 9% (India)

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Going Forward

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Going Forward

SINGAPORESelectively acquire

commercial and residential sites

FUND MGTGrow funds under

management through Alpha and K-REIT Asia

OVERSEASContinue to pursue

residential and township developments

Recycle capital into new projects with higher returns

Unlock value from commercial assets in Singapore and overseas

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* Planned balance units

Reflections at Keppel Bay Marina Bay Suites

Singapore ResidentialMonitor Market Conditions and Launch Appropriately

Project Location Units to LaunchReflections at Keppel Bay (30% stake) * Keppel Bay 400Park Infinia at Wee Nam * Wee Nam Rd 52Marina Bay Suites (33.3% stake) Marina Bay 221The Crest @ Cairnhill Cairnhill Circle 15The Tresor * Duchess Rd 34Madison Residences Bukit Timah Rd 56Total 778

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KLL's Office Occupancy Rates

81.1%89.6% 91.3% 94.8% 95.4%

0%

20%

40%

60%

80%

100%

2004 2005 2006 2007 1Q 2008

Including Ocean Towers, Equity Plaza and Keppel Bay Tower

• As dominant prime office landlord, KLL will benefit from tight office supply over the next few years

• Portfolio lease expiry profile positions positively for rental reversions

• Broad tenant diversity provides stable rental income

Singapore CommercialTap on Robust Demand for Office Space

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* Balance units^ New launches

Mixed Development, JiangyinThe Arcadia, Tianjin Villa Riviera, Shanghai

Overseas ResidentialLaunch about 10,000 units in China over the next 3 years

2008 2009 2010China 8 Park Avenue, Shanghai * 3 35 35 Villa Riviera, Shanghai * 94 - - The Botanica, Chengdu * 860 1,000 1,000 The Arcadia, Tianjin ^ 135 - - Central Park City, Wuxi * 841 801 829 Mixed Development, Jiangyin ^ 335 323 296 Residential Township, Shenyang ^ - 1,000 718 Residential Devt., Nanhui, Shanghai ^ - 608 699Total 2,268 3,767 3,577

Project Launch Schedule Units to Launch

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* Balance units^ New launches

Overseas ResidentialLaunch about 4,000 units in Asia ex-China in 2008Project Launch Schedule

2008 2009 2010Vietnam Saigon Sports City (Ph 1), HCMC ^ - 205 300 The Estella, HCMC * 735 450 150 Waterfront condo, Binh Thanh District, HCMC ^ - 350 199 Waterfront condo, District 7, HCMC ^ 550 150 350 Waterfront township (Ph 1), Dong Nai Province ^ - - 300 Prime condo, District 2, HCMC ^ - 350 350 Villa devt., District 9, HCMC ^ - 100 104 Prime condo, District 9, HCMC ^ - 300 350 Luxury villa devt., District 9, HCMC ^ - 100 39Thailand Villa Arcadia at Srinakarin, Bangkok * 50 50 50 Villa Arcadia at Watcharapol, Bangkok ^ 40 40 40India Elita Promenade, Bangalore * 365 - - Elita Horizon, Bangalore ^ 370 401 201 Elita Garden Vista, Kolkata * 700 227 90Indonesia Jakarta Garden City, Jakarta * 475 714 735Middle East Seafront condo devt., Jeddah, Saudi Arabia ^ 180 300 300Philippines Palmdale Heights (Ph 2), Pasig City ^ 316 474 474 SM-KL residential devt., Manila ^ - 430 -Total 3,781 4,641 4,032

Units to Launch

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Seafront ApartmentsJeddah, Saudi ArabiaSeafront ApartmentsJeddah, Saudi Arabia

Elita HorizonBangalore, IndiaElita HorizonBangalore, India

Waterfront Condo, District 7HCMC, VietnamWaterfront Condo, District 7HCMC, Vietnam

• 1,142 units

• Launch : 2H 2008

• 1,000 units

• Launch : 2H 2008

• 2,394 units

• Launch : 4Q 2008

Overseas ResidentialUpcoming Launches

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Additional Information

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3.562.560.3Net Profit

nm(5.7)(0.7)Others

nm(0.5)0.1Hotels / Resorts

500.00.74.2Fund Management

(33.9)11.57.6Property Investment

(13.1)56.549.1Property Trading

Comments % Chg1Q2007$m

1Q2008$mBusiness Segment

Lower due mainly to completion of several projects in Singapore (Urbana and The Belvedere) and China (The Waterfront) and lower contribution from The Sixth Avenue Residences and Marina Bay Residences in Singapore, Vi l la Riviera (Vietnam), and The Seasons and Villa Riviera in China

Lower due mainly to lower revenues from Ocean Building which is currently undergoing redevelopment and write-back of tax provis ion in 1Q2007

Higher due largely to higher fees earned from enlarged fund managed by Alpha I n v e s t m e n t P a r t n e r s a n d K -REIT Asia

Higher due to better performance andlower depreciation charge

Better due to lower interest expense and absence of fair value loss on interest rate hedging instruments

Net Profit – By Business Segment

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(3.5)10062.510060.3Net Profit

0.027.717.328.717.3Other Countries

(4.9)72.345.271.343.0Singapore

%$m%$mComments

%

Chg

1Q20071Q2008Geographical Location

Lower due to completion of several projects and fewer property launches

Unchanged due to completion of several projects in China

Net Profit – By Geographical Location

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(63.6)1.180.43Net Debt / Equity (x)

(50.2)2.331.16Net Debt ($b)

35.41.982.68Equity ($b)

% Chg1Q20071Q2008

Gearing has improved to 43% from 118% a year ago

Capital Management

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(91.3)4423% Fixed Rate Debt

(21.9)4.13.2Avg Interest Rate of Borrowings (%)

(100.9)2.331.16Net Debt ($b)

% Chg1Q20071Q2008

14% of debt due within 1 year

Average loan life: 3 years

Debt Management

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Attributable AttributableLand Area GFA

(%) (sf) (sf)

The Tresor * Duchess Rd 100% 999-yr 80,504 112,689 62Reflections at Keppel Bay * Keppel Bay 30% 99-yr 269,930 624,521 1,129Marina Bay Suites Marina Bay 33.3% 99-yr 19,015 156,462 221The Crest @ Cairnhill Cairnhill Circle 100% Freehold 11,183 31,310 15Madison Residences Bukit Timah Rd 100% Freehold 49,168 110,810 56Keppel Bay Plot 3 Keppel Bay 30% 99-yr 125,366 152,999 307Keppel Bay Plot 4 Keppel Bay 11.7% 99-yr 36,114 40,300 234Keppel Bay Plot 6 Keppel Bay 30% 99-yr 141,429 67,813 94Total 732,709 1,296,904 2,118

Project Location Tenure Total Units

KLL's Stake

* Includes units and area sold

Singapore Residential LandbankAbout 1.3 mil sf (120,400 sm) of attributable GFA

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Project Location Stake Land Area Total GFA Remaining Area Remaining Units (%) (sm) (sm) For Sale (sm) For Sale

8 Park Avenue Shanghai 99% 33,432 133,393 65,821 * 398Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708Villa Riviera Shanghai 99% 153,726 53,796 25,573 * 94The Arcadia Tianjin 100% 133,400 61,687 49,570 * 135Central Park City Wuxi 49.7% 352,534 670,460 ^ 579,044 4,405The Botanica Chengdu 44.1% 417,139 1,036,747 675,123 5,335Mixed development Jiangyin 70.6% 82,987 247,733 247,733 1,218Residential township Shenyang 100% 235,530 471,488 ^ 440,929 3,914Residential devt., Nanhui Shanghai 99% 264,090 332,906 ^ 314,340 3,000Total 1,701,326 3,107,918 2,497,841 19,207

* Excludes area and units sold^ Includes commercial area

China Residential LandbankAbout 26.9 mil sf (2.5 mil sm) of saleable area

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* Estimates^ Excludes commercial area and office units

Site Location Evergro's Land Area Total GFA Remaining Area RemainingStake (%) (sm) (sm) For Sale (sm) Units For Sale

Residential Devt Tianjin-South Island 100% 545,928 240,000 * 208,304 * 710 *Mixed Devt Tianjin-North Island 100% 1,066,665 na na naMixed Devt Changzhou 100% 46,108 87,389 36,823 301Mixed Devt Jiangyin 44% 82,987 305,853 301,180 1,218 ^

Total 1,741,688 633,242 546,307 2,229

Evergro LandbankMore than 5.9 mil sf (0.5 mil sm) of saleable area

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Country Site KLL's Total Land Total GFA Remaining Area Remaining Stake Area (sm) (sm) For Sale (sm) Units For Sale

India Elita Promenade, Bangalore 51% 96,618 193,237 55,290 * 365 *Elita Horizon, Bangalore 51% 79,177 158,354 158,354 1,142Elita Garden Vista, Kolkata 37.7% 93,998 187,996 173,096 * 1,017 *

Sub-total 269,793 539,587 386,740 2,524Indonesia Jakarta Garden City, Jakarta - Ph 1 144,510 173,412 126,562 * 848 *

Jakarta Garden City - Remaining Phases 758,428 1,283,874 1,058,924 8,373Sub-total 902,938 1,457,286 1,185,486 9,221

Thailand Villa Arcadia at Srinakarin, Bangkok 45.5% 159,706 84,440 83,080 * 254 *Villa Arcadia at Watcharapol, Bangkok 66.7% 124,912 68,314 83,060 * 262 *

Sub-total 284,618 152,754 166,140 516Vietnam Saigon Sports City, HCMC 90% 640,476 789,222 ^ 442,042 3,000

The Estella, HCMC 55% 47,906 279,800 ^ 219,969 * 1,335 *

Waterfront condo, Binh Thanh District, HCMC 60% 17,428 87,140 87,140 549Waterfront condo, District 7, HCMC 75% 85,118 408,566 ^ 340,472 2,394Waterfront township, Dong Nai Province 50% 3,667,127 2,743,000 ^ 2,688,140 14,000Prime condo, District 2, HCMC 60% 51,000 244,800 ^ 166,464 1,500Villa devt., District 9, HCMC 55% 129,739 53,510 71,356 204Prime condo, District 9, HCMC 55% 68,442 273,760 232,702 1,939Luxury villa devt., District 9, HCMC 60% 97,000 33,950 33,950 139

Sub-total 4,804,236 4,913,748 4,282,235 25,060Middle East Seafront condo devt., Jeddah, Saudi Arabia 51.0% 36,236 253,652 253,652 1,000

Sub-total 36,236 253,652 253,652 1,000Philippines Palmdale Heights (Ph 2), Pasig City 30.9% 15,976 62,751 62,751 1,264

SM-KL residential devt., Manila 24.2% 7,068 56,000 56,000 430Sub-total 23,044 118,751 118,751 1,694

Total 6,320,865 7,435,778 6,393,004 40,015

51%

* Excludes area and units sold^ Includes commercial area and units

Other Overseas Residential LandbankAbout 68.8 mil sf (6.4 mil sm) of saleable area (ex-China)

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* Office tower to be demolished upon completion of Ocean Financial Centre

KLL's TotalStake NLA (sf)

Completed Ocean Towers* 75.7% 229,481Equity Plaza 64.6% 249,165Keppel Bay Tower 11.7% 387,676HarbourFront Tower One 11.7% 370,551HarbourFront Tower Two 11.7% 154,688Subtotal 1,391,561

Under Development Marina Bay Financial Centre (Phase 1) 33.3% 1,620,000Marina Bay Financial Centre (Phase 2) 33.3% 1,300,000Ocean Financial Centre 75.7% 850,000Subtotal 3,770,000

Total 5,161,561

Building

Singapore Commercial LandbankPrime office portfolio with about 5.2 mil sf NLA

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ChinaSaudi

ArabiaIndia

Bangalore, KolkataBangalore, KolkataJeddahJeddah

ShanghaiBeijingChengduTianjinWuxiShenyangJiangyinChangzhou

ShanghaiBeijingChengduTianjinWuxiShenyangJiangyinChangzhou

Ho Chi Minh CityDong NaiJakartaBangkokManilaPasig CityJohor

Ho Chi Minh CityDong NaiJakartaBangkokManilaPasig CityJohor

South-East Asia

Total landbank of 100 mil sf with a pipeline of 60,000 homesTotal landbank of 100 mil sf with a pipeline of 60,000 homes

OverseasExtensive Home Reach

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Singapore Economy

• Integrated Resorts – Marina Bay Sands IR: 1.2m sf GFA of exhibition and meeting space; ready in 2009– Resorts World at Sentosa: Universal Studios theme park; ready in 2010

• Formula One Night Race– Expected tourism receipts of about $100m p.a.– Commencing Sep-08

• Youth Olympics 2010– Businesses expected to benefit

• Singapore Flyer– Expected to draw 2.5m visitors in first year; opened Mar-08

Revenue GeneratorsRevenue Generators

Excellent InfrastructureExcellent Infrastructure

• Changi Airport Terminal 3 : opened in Jan-08 – Increased airport’s capacity by 45% to handle 70m passengers p.a.

• International Cruise Terminal at Marina South : ready by 2010

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Thank You

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This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such

statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on

future developments and events.