1Q 2013 Results 17 April 2013

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Ambrose Palmer
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1 1Q 2013 Results 17 April Disclaimer 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. 2 1

2 Contents Highlights Financial Performance Operations Review Market Review and Outlook Going Forward 3 Highlights Higher home sales and commitment for MBFC Tower 3 Scale up overseas commercial presence with stake in Life Jinqiao, Shanghai Form strategic partnership with China Vanke AAMTF II exceeds target fund size of US$1b Upcoming Sale Launches Singapore : Corals at Keppel Bay and Tanah Merah development China : Seasons Residence in Shanghai, Waterfront Residence in Nantong, as well as Park Avenue Heights and Hill Crest Villa in Chengdu 4 2

Strategic Focus Core Business ses Property Development for Sale Investment grade

Property Fund Management Keppel REIT : Pan Asia commercial REIT Core Markets Singapore

Private Equity Funds 5 Strategic Focus Presence in China Pipeline of more than 42,000

7 million sm 3 mega regions : Western Region Greater Bohai Rim Region Yangtze River

villas, townships, waterfront homes and ecodevelopments Completed more than 18,000

3 Strategic Focus Core Business ses Property Development for Sale Investment grade offices Lifestyle residential developments and townships Mixed use developments Property Fund Management Keppel REIT : Pan Asia commercial REIT Core Markets Singapore gp China Growth Markets Vietnam Indonesia Alpha Investment Partners : Manager of 5 Private Equity Funds 5 Strategic Focus Presence in China Pipeline of more than 42,000 homes Total GFA : 7.7 million sm 3 mega regions : Western Region Greater Bohai Rim Region Yangtze River Delta Region About 20,000 homes sold since 2000 Focus on developing condominiums, villas, townships, waterfront homes and ecodevelopments Completed more than 18,000 homes Assets size of $4.4b as at end Mar 2013 Four times of $1.1b in % of assets invested in China Chengdu Beijing Tianjin Shenyang Nantong Jiangyin Wuxi Shanghai Kunming Zhongshan 6 3

4 Financial Performance 7 Financial Performance 1Q2013 1Q2012 % Chg Turnover $207m $170.2m 21.6 EBITDA $32.2m $34.9m (7.7) Pre tax Profit $93m $179m (48) Net Profit $96.6m $141.9m (31.9) 8 4

5 Key Financial Ratios 1Q2013 1Q2012 % Chg EPS (cts) (34.7) Annualised ROE (%) (7.4) NTA/Share ($) Net Debt/Equity Ratio (x) Breakdown of Net Profit Business Segment 1Q2013 1Q2012 % Chg Comments Property Trading $56.9m $132.3m (57) Property Investment $24.4m $19.9m 22.6 Fund Management $14m $11.2m 25 Hotels / Resorts $5.8m $2.9m 100 Others ($4.5m) ($24.4m) nm Lowerprofitrecognitionfrom recognition from Reflections at Keppel Bay Higher contribution from Keppel REIT and Marina Bay Financial Centre Ph 2 Higher acquisition fees and dividend income from Alpha s funds Higher contribution from Sedona Hotel Yangon and Sedona Hotel Mandalay Recovery of expenses from project development companies Total $96.6m $141.9m (31.9) 10 5

6 $ Breakdown of Net Profit Geographical Location 1Q2013 1Q2012 Comments Singapore $79.7m 82.5% $119.7m 84.4% Lower contribution from property trading Overseas $16.9m 17.5% $22.2m 15.6% Lower contribution with fewer projects/phases completed Total $96.6m 100% $141.9m 100% 11 Notes on Profit Recognition Projects % Sales % Completion Profit Recognised in 1Q2013 Singapore Marina Bay Suites (221 units) 82.7% 85.7% $10.6m The Lakefront Residences (629 units) 100% 48.5% $5.3m The Luxurie (622 units) 98.6% 22.7% $3.5m Reflections at Keppel Bay (1,129 units^) 74% 100% $2.1m China The Botanica, Chengdu $15m Ph 5 (1,810 units) Ph 6 (1,248 units) 99.9% 100% 100% 100% ^ Include 151 units set aside for corporate residences * Profit recognition for overseas projects is based on completion of the project/phase. 12 6

7 Healthy Balance Sheet Strong cash position : $1.1b Strong financial capacity with over US$3b unutilised from MTN programmes US$3b multicurrency MTN programme : US$2.75b unutilised US$800m MTN programme : US$332m unutilised Additional debt headroom of about $1.3b if gear up to 0.5x End Mar 13 End Mar12 Net Debt $2.1b $1.0b NtDbt/E Net Debt/ Equity Rti Ratio x x Avg Interest Rate of Borrowings 2.7% 2.3% Interest Cover Ratio (1) 21.6x 31.3x (1) Interest Cover Ratio = Profit Before Interest and Tax Net Interest Cost on External Borrowings 13 Loan Maturity Profile Debt Maturity Profile as at 31 Mar 2013 Total Debt : $3.2b Rolling 11% 10% 9% 3% 7% 10% 6% 4% 2% 38% Debt maturing in 2013 down to 11% from 23% as at end 2012 with refinancing and bond redemption Weighted average debt maturity : 3.6 years vs 2.5 years as at end Mar 2012 Fixed rate debt : 57% vs 51% as at end Mar

8 Corporate Initiative Strategic Alliance 15 Strategic Alliance Tie up with China Vanke Form strategic alliance to jointly develop properties in Singapore and China Leverage partner s network to scale up operations in China First JV : China Vanke to take up 30% stake in Tanah Merah project for about $135.5m Well diversified in Asia with core markets of Singapore and China Presence in 10 cities in China China s largest residential developer Presence in about 60 cities in China 16 8

9 Operations Review Singapore 17 Singapore Residential Encouraging Sales Sold about 60 units in 1Q2013 Achieved sales value of $104m with 64,000 sf area sold The Luxurie fully sold : Expected completion in 2015 Continued take up at Marina Bay Suites and Reflections at Keppel Bay The Luxurie Marina Bay Suites Reflections at Keppel Bay Fully sold Average selling price : ~ $1,050 psf (1) As at end Mar % of 208 launched units sold (1) Average selling price : ~ $2,500 psf 93% of 950 launched units sold (1) Average selling price : ~ $2,000 psf 18 9

Singapore Residential Anticipating Corals at Keppel Bay Capitalise on demand for premier waterfront homes Ride on success of Reflections Rfl and Caribbean at Keppel lbay Close to Harbourfront MRT

Singapore Residential Design Development in Progress for Tanah Merah Project Close to EXPO, Changi Business Hub and retail malls Near reputable schools, SUTD (1) campus, East Coast Park and golf

10 Singapore Residential Anticipating Corals at Keppel Bay Capitalise on demand for premier waterfront homes Ride on success of Reflections Rfl and Caribbean at Keppel lbay Close to Harbourfront MRT station, Resorts World Sentosa and VivoCity Designed by master architect Daniel Libeskind 366 luxurious homes, mostly 1 to 3 bedroom units from about 600 sf to 1,500 sf Corals at Keppel Bay 19 Singapore Residential Design Development in Progress for Tanah Merah Project Close to EXPO, Changi Business Hub and retail malls Near reputable schools, SUTD (1) campus, East Coast Park and golf courses Tap on strong demand for suburban homes in an established estate China Vanke takes 30% stake Site Details Location: Land Cost: Gross Floor Area: No. of Units: Next to Tanah Merah MRT Station $434.6m 549,100 sf 726 units (1) Singapore University of Technology and Design 20 10

trading, commodities and specialist food providers Retail component fully leased Tenants

11 Singapore Commercial Strong Leasing Interest at MBFC Tower 3 About 86% committed to date Blue chip tenants from diverse sectors Banking and financial services, technology, energy trading, commodities and specialist food providers Retail component fully leased Tenants include NTUC Foodfare and Foodology Marina Bay Financial Centre 21 Operations Review Overseas 22 11

Overseas China Strongest Sales in 9 Quarters Sold about 850 units in 1Q2013 vs 690 units in 4Q and 190 units in 1Q2012 Achieved

Oct 2012 launch Launched new units at The Springdale in Mar 2013 : Over 200 units sold in a week The Botanica Ph 7, Chengdu 78%

of 1,627 units sold (1) Average selling price : ~ RMB7,400 psm The Springdale Ph 2, Shanghai 91% of 1,293 launched units sold

Shanghai : Prime development in a mature satellite town in Nanxiang Waterfront Residence, Nantong : Lakefront homes in NETDA

Chengdu : Landed homes close to Tianfu New City, the future CBD Seasons Residence, Shanghai Waterfront Residence, Nantong (1)

12 Overseas China Strongest Sales in 9 Quarters Sold about 850 units in 1Q2013 vs 690 units in 4Q and 190 units in 1Q2012 Achieved total sales value of RMB837m for about 95,000 sm area sold Strong interest at The Botanica Ph 7 : About 820 units sold since Oct 2012 launch Launched new units at The Springdale in Mar 2013 : Over 200 units sold in a week The Botanica Ph 7, Chengdu 78% of 1,044 launched units sold (1) Average selling price : ~ RMB8,100 psm (1) As at end Mar 2013 Central Park City Ph 2, Wuxi 95% of 1,627 units sold (1) Average selling price : ~ RMB7,400 psm The Springdale Ph 2, Shanghai 91% of 1,293 launched units sold (1) Average selling price : ~ RMB11,800 psm 23 Overseas China Seek Opportunities to Launch New Projects Seasons Residence, Shanghai : Prime development in a mature satellite town in Nanxiang Waterfront Residence, Nantong : Lakefront homes in NETDA (1) and close to ports Park Avenue Heights, Chengdu : Residential project close to financial street Dongdajie Hill Crest Villa, Chengdu : Landed homes close to Tianfu New City, the future CBD Seasons Residence, Shanghai Waterfront Residence, Nantong (1) Nantong Economic & Technological Development Area Seasons Residence, Shanghai Park Avenue Heights, Chengdu Hill Crest Villa, Chengdu 24 12

Overseas Indonesia Improved Take up at Jakarta Garden City Sold about 40 units

4m for about 4,000 sm area (1) sold Launch of new cluster well received : Sold

Overseas Commercial Developing about 420,000 sm of GFA to Meet Demand

Centre Beijing, China Tianjin Eco City, China HCMC, Vietnam Jakarta Tower 2,

GFA : 100,000 sm Expected Completion : 2015 Mixed use development with office

Completion : 2017 (Ph 1) Retail premises, offices and serviced apartments

Grade A office tower Location : Along Jalan Jenderal Sudirman GFA : 64,000 sm

13 Overseas Indonesia Improved Take up at Jakarta Garden City Sold about 40 units in 1Q2013 vs about 20 units in 4Q2012 Achieved total sales value of $13.4m for about 4,000 sm area (1) sold Launch of new cluster well received : Sold 24 of 46 units launched (1) Refers to land area Jakarta Garden City 25 Overseas Commercial Developing about 420,000 sm of GFA to Meet Demand Commercial Development Seasons City Saigon Centre Ph 2 International Financial Centre Beijing, China Tianjin Eco City, China HCMC, Vietnam Jakarta Tower 2, Indonesia 3 office blocks with retail premises Location : Chaoyang District GFA : 100,000 sm Expected Completion : 2015 Mixed use development with office and retail space (1) Location : Tianjin Eco City GFA : 162,000 sm Expected Completion : 2017 (Ph 1) Retail premises, offices and serviced apartments Location : Le Loi Boulevard GFA : 100,000 sm Expected Completion: 2015 (2) Grade A office tower Location : Along Jalan Jenderal Sudirman GFA : 64,000 sm Expected Completion : 2015 (1) Design plans for Seasons City under review (2) Refers to retail component 26 13

Overseas Commercial Deepen Commercial Presence Acquired stake in premium retail mall

1.25m visitors a month About 99% leased with leading

Uniqlo, Nike, Lexus and Mercedes Benz Details Location Pudong District, i t Shanghai

14 Overseas Commercial Deepen Commercial Presence Acquired stake in premium retail mall Life Jinqiao in Pudong, Shanghai Strong shoppers traffic : Average footfall of 1.25m visitors a month About 99% leased with leading brands e.g. Uniqlo, Nike, Lexus and Mercedes Benz Details Location Pudong District, i t Shanghai h Next to metro Line 6 Jinqiao station GFA Retail : 98,630 sm Office : 16,102 sm Acquisition Price About RMB28,800 psm (1) (1) Include net debt 27 Operations Review Fund Management 28 14

Keppel REIT Steady Income Growth 8 Chifley Square : 56% pre committed with take up of 30,000 sf by QBE Insurance Group 8 Chifley Square,

2m Distribution Per Unit Up 3.7% y o y to 1.97 cts Committed Portfolio Occupancy 98.8% (1) vs 93.2% (2) in core CBD Aggregate Leverage 43.

Alpha Asia Macro Trends Fund (AAMTF) II Life Hub @ Jinqiao, Shanghai Raised US$354m in 1Q2013 Keppel Land invested US$100m in fund New

15 Keppel REIT Steady Income Growth 8 Chifley Square : 56% pre committed with take up of 30,000 sf by QBE Insurance Group 8 Chifley Square, Sydney Increase free float with new placement and Keppel Corp s sale 1Q2013 Distributable income Up 7.6% y o y to $52.2m Distribution Per Unit Up 3.7% y o y to 1.97 cts Committed Portfolio Occupancy 98.8% (1) vs 93.2% (2) in core CBD Aggregate Leverage 43.3% as at end Mar 2013 (1) Singapore portfolio occupancy (2) CBRE 29 Alpha Investment Partners AAMTF II exceeds target fund size of US$1b Alpha Asia Macro Trends Fund (AAMTF) II Life Jinqiao, Shanghai Raised US$354m in 1Q2013 Keppel Land invested US$100m in fund New acquisitions : Hotel ibis Singapore Novena, and stake in Life Jinqiao with Keppel Land China Hotel ibis Singapore Novena AAMTF divested Podo Mall in Seoul, South Korea 30 15

16 Market Review and Outlook 31 Market Outlook Singapore Resid dential Strong sales : 5,533 units in 1Q2013 vs 4,353 units in 4Q2012 (1) Supported by first time homebuyers, liquidity and low mortgage rates Prices remain stable : Up 0.5% in 1Q2013 vs 1.8% in 4Q2012 (1) Com mmercial Positive net take up of about 126,000 sf in 1Q2013 (2) Mainly from non financial sectors eg. legal, energy and business services Limited new Grade A office supply in 2013 : About 780,000 sf, of which about 15% pre committed Grade A rents stabilising : Eased 0.3% to $9.55 psf in 1Q2013 (1) URA (2) CBRE 32 16

17 Market Outlook Overseas Indonesia China Vietnam Annual Urbanisation Rate (1) : 2.3% 1.7% 3% Sales momentum picked up in 1Q2013 Demandfrom first time time homebuyersto remain steady Take up supported by low interest rates and rising middle class Upper middle and upper income segments less affected by lower LTV ratio Government may lower interest trates and ease credit controls Long term potential supported by favourable demographics and rising urbanisation (1) CIA World Factbook 33 Going Forward 34 17

18 Going Forward Focus on core and growth markets Scale up in high growth cities where we are present Establish balanced portfolio across different segments Grow recurring fee based income through fund management business Corals at Keppel Bay Marina Bay Financial Centre Waterfront Residence, Nantong The Springdale The Botanica Ph 7, Chengdu Jakarta Garden City 35 Additional Slides 36 18

19 Breakdown of Total Assets Total Assets : $11.7b as at 31 Mar 2013 Vietnam, 3.9% Indonesia, 6.7% India, 0.5% Others, 2.6% Fund Management 1.5% Hotels 1.1% Services and Others 6.5% China, 37.5% Singapore, 48.8% Property Investment 31.3% Property Trading 59.6% Geographical Location Business Segment 37 Residential Landbank Singapore Project KLL s Stake Tenure Attributable Land Area (sf) Attributable GFA (sf) Total Units Remaining Units Launched Projects Reflections at Keppel Bay 30% 99 yr 269, ,527 1,129 78^ Marina Bay Suites 33.3% 99 yr 19, , Upcoming Projects Corals at Keppel Bay 30% 99 yr 125, , Keppel Bay Plot % 99 yr 35,992 40, * 234 Keppel Bay Plot 6 30% 99 yr 141,120 67,813 86* 86 Keppel Towers & GE Tower 100% Freehold 85, , * 590 Tanah Merah Devt 100% # 99 yr 343, , * 726 Total 1,019,729 2,068,889 3,352 2,107 ^ Exclude 151 units set aside for corporate residences * Estimated no. of units # China Vanke to take up 30% stake 38 19

20 Residential Landbank China Project Location KLL's Stake Total Land Area Total GFA Remaining Area Remaining Units (sm) (sm) For Sale (sm) For Sale* 8 Park Avenue Shanghai 99% 33, ,893 65, Park Avenue Central Shanghai 99% 28,488 99,708 99, The Springdale Shanghai 99.4% 264, ,792 # 155,693 ^ 1,208 Seasons Residence Shanghai 99.9% 9% 71, , ,917 1, Waterfront Residence Nantong 100% 172, ,437 # 189,437 # 1,199 Central Park City Wuxi 49.7% 352, ,931 # 306,073 ^ 2,192 Waterfront Residence Wuxi 100% 215, , ,844 2,500 Mixed Use Devt Wuxi 100% 66, ,025 # 165,025 1,135 Stamford City Jiangyin 99.4% 82, ,728 # 228,178 1,123 The Botanica Chengdu 44.05% 419,775 1,049,438 ^ 125,335 ^ 1,268 Park Avenue Heights Chengdu 100% 50, , ,129 1,555 Hill Crest Villa Chengdu 100% 249, , , Landed Devt Chengdu 100% 286, , , The Seasons Shenyang 100% 348, ,186 # 348,883 ^ 2,581 Hunnan Township Development Shenyang 99.8% 302, , ,580 7,026 Serenity Cove (Ph 3) Tianjin 100% 128,685 80, , Mixed use Devt Tianjin 100% 1,666,665 1,358,202 1,358,202 11,299 Tianjin Eco City Tianjin 55% 365, ,798 # 572,123 # 3,719 Integrated Marina Lifestyle Devt Zhongshan 80% 857, , ,177 1,647 Hill Crest Residence (Ph 1) Kunming 68.8% 71,920 20,193 3, Hill Crest Residence (Ph 2) Kunming 68.8% 99,759 24,428 24, La Quinta II Kunming 68.8% 23,034 10,928 2, Total 6,157,692 7,699,581 5,984,776 42,081 # Includes commercial area ^Excludes commercial area 39 Residential Landbank Other Overseas Country Project KLL's stake Total Land Area Total GFA Remaining Area Remaining Units (sm) (sm) for Sale (sm) for Sale* Vietnam Saigon Sports City, HCMC 90% 640, ,180 # 289,850 ^ 2,622 The Estella, HCMC 55% 47, , ,516* ^ 960* Riviera Point, Dist. 7, HCMC 78% 89, ,814 # 278,987* ^ 2,289* Dong Nai Waterfront City, Dong Nai 50% 3,667,127 2,046,955 # 1,293,500 ^ 7,850 Condominium Devt, Dist. 2, HCMC 60% 51, , ,464 1,500 Riviera Cove, Dist. 9, HCMC 60% 97,000 34,711 15,893* 27* South Rach Chiec, Dist 2, HCMC 42% 302, ,000 # 641,067 ^ 6,699 Riviera Gardens, Dist. 12, HCMC 60% 113,098 40,715 56, Villa Devt, Saigon South, HCMC 50% 135,000 67,500 67, Casuarina Cove, Dist 9, HCMC 60% 93,368 39,807 46, Sub total 5,236,781 4,590,077 3,003,010 22,466 Indonesia Jakarta Garden City Phase 1 51% 266, ,658 2,551 9 Jakarta Garden City Phase 2 190,587 63,542 77, Remaining phases 693, , ,917 5,437 Sub total 1,151,018 1,087, ,744 5,696 India Elita Horizon 51% 79, , ,815 1,436 Elita Garden Vista 37.74% 99, , , Sub total t 179, , ,297 2,096 Thailand Villa Arcadia Srinakarin 45.5% 159,706 79,294 52, Villa Arcadia Watcharapol 66.7% 124,912 68,314 76, Sub total 284, , , Sri Lanka Residential Devt, Colombo 60% 5,058 45,078 31, Middle East Residential Devt, Jeddah, Saudi Arabia 51% 36, ,652 Philippines SM KL Residential Devt, Manila 24.2% 12, ,343 Total 6,906,527 6,635,219 4,311,786 30,936 # Includes commercial area ^Excludes commercial area *Includes returned units 40 20

21 Residential Launches China Units to Launch Project Location Park Avenue* Shanghai The Springdale* Shanghai Seasons Residence^ Shanghai Waterfront Residence^ Nantong Central Park City* Wuxi Waterfront Residence^ Wuxi Mixed use Devt^ Wuxi 454 Stamford City Ph 2 (Blk 5)^ Jiangyin The Botanica* Chengdu 1, Park Avenue Heights^ Chengdu Hill Crest Villa^ Chengdu Landed Devt^ Chengdu The Seasons* Shenyang Serenity Cove (Ph 3)^ Tianjin Eco City* Tianjin Integrated Marina Lifestyle Devt^ Zhongshan Hill Crest Residence (Ph 1)* Kunming 19 4 Hill Crest Residence (Ph 2)^ Kunming La Quinta II* Kunming 16 Total 3,716 4,885 4,549 *Balance units ^New launches 41 Residential Launches Other Overseas Units to Launch Project Location Vietnam Saigon Sports City^ HCMC 300 The Estella (Phase 1), Dist 2* HCMC The Estella (Phase 2), Dist 2^ HCMC Riviera Point, Dist 7* HCMC Dong Nai Waterfront City ^ Dong Nai 100 Condominium Devt, Dist. 2^ HCMC 350 Riviera Cove, Dist 9* HCMC South Rach Chiec, Dist 2^ HCMC Riviera Gardens, Dist 12^ HCMC 87 Villa Development, Saigon South^ HCMC 80 Casuarina Cove, Dist 9^ HCMC Indonesia Jakarta Garden City* Jakarta Thailand Villa Arcadia Srinakarin (Phase 1)* Bangkok 21 Villa Arcadia Srinakarin (Phase 2)^ Bangkok Villa Arcadia Watcharapol (Phase 1)* Bangkok 19 Villa Arcadia Watcharapol (Phase 2)^ Bangkok India Elita Garden Vista* Kolkata Elita Horizon^ Bangalore Sri Lanka Residential Development^ Colombo Total 766 1,459 2,612 *Balance units ^New launches 42 21

22 Expected Completion Overseas Launched Projects Projects/ Phases Total Units Year of Completion Units Sold as at end Mar 2013 Area Sold as at end Mar 2013 (sm) China The Springdale, Shanghai, Plot ,485 The Botanica, Chengdu, Phase 7 2, ,358 Vietnam Riviera Point Phase 1A ,720 Indonesia Jakarta Garden City ,246 Phase ,980 Phase 2 Cluster E , ,515 Phase 2 Cluster F ,804 India Elita Garden Vista, Phase , Expected Completion Overseas Upcoming Projects Upcoming Projects/ Phases Location No. of Units Expected to be Completed* China 8 Park Avenue Shanghai The Springdale Shanghai Seasons Residence Shanghai Waterfront Residence Nantong Central Park City Wuxi 364 1,743 Waterfront Residence Wuxi 882 Stamford City Jiangyin Park Avenue Heights Chengdu Hill Crest Villa Chengdu Landed Devt Chengdu 88 Serenity Cove (Ph 3) Tianjin 340 Seasons Park Tianjin Eco City 567 Seasons Garden Tianjin Eco City The Seasons Shenyang 154 Integrated Marina Lifestyle Devt Zhongshan Hill Crest Residence 2 Kunming Indonesia Jakarta Garden City Ph 3 Landed Houses (Site B) Jakarta 82 *Subject to changes 44 22

Singapore Developments to Benefit from MRT Lines The Luxurie Residential Development Reflections at Keppel Bay Corals at Keppel Bay Proposed

45 Alpha Investment Partners Funds under Alpha (as at 31 Mar 2013) Funds Committed Equity % Invested No. of Countries Invested In Asia No.

23 Singapore Developments to Benefit from MRT Lines The Luxurie Residential Development Reflections at Keppel Bay Corals at Keppel Bay Proposed redevelopment of KTGE Towers Marina Bay Suites Sentosa Island Source : Land Transport Authority, Dec Alpha Investment Partners Funds under Alpha (as at 31 Mar 2013) Funds Committed Equity % Invested No. of Countries Invested In Asia No. 1 Property Fund $400m 100% 4 Alpha Core Plus Real Estate Fund $720m 100% 3 AIB Alpha Japan Fund $259m 100% 1 Alpha Asia Macro Trends Fund $1.7b 100% 6 Alpha Asia Macro Trends Fund II $1.3b 34%

Corporate Awards Corporate Awards Euromoney Real Estate Awards 2012 South East Asia Property Awards 2012 Singapore Corporate Awards 2012 Governance and Transparency Index 2012 IR Magazine South East

Developer Singapore Jakarta Garden City Phase 1 : Best Villa (Indonesia) and Highly Commended Green Development Gold Award for Best Annual Report Silver Award for Best Managed Board Ranked 6 th out

Awards 2012 Most Transparent Company (Real Estate category) Runner up Singapore Corporate Governance Award Merit 47 Corporate Awards Product Excellence Awards FIABCI Prix d'excellence Awards 2012

24 Corporate Awards Corporate Awards Euromoney Real Estate Awards 2012 South East Asia Property Awards 2012 Singapore Corporate Awards 2012 Governance and Transparency Index 2012 IR Magazine South East Asia Awards 2012 APREA Best Practices Awards 2012 Best Office Developer in Singapore Best Residential Developer, Best Mixed Use Developer and Best Mixed Use Developer in Vietnam Highly Commended Best Developer Singapore Jakarta Garden City Phase 1 : Best Villa (Indonesia) and Highly Commended Green Development Gold Award for Best Annual Report Silver Award for Best Managed Board Ranked 6 th out of 674 companies assessed Grand Prix winner for Best Overall Investor Relations for small or mid cap companies Mature Markets Best Property Development Organisation (Merit) SIAS Investors Choice Awards 2012 Most Transparent Company (Real Estate category) Runner up Singapore Corporate Governance Award Merit 47 Corporate Awards Product Excellence Awards FIABCI Prix d'excellence Awards 2012 FIABCI Singapore Property Awards 2012 International Property Awards 2012 Asia Pacific Property Awards 2012 International Architecture Award 2012 MBFC Phase 1 : Winner (Office category) Marina Bay Residences : Runner up (Residential (High Rise) category) Reflections at Keppel Bay : Winner (Residential (High Rise) category) Ocean Financial Centre : Best Commercial High rise Development Ocean Financial Centre : Best Commercial High rise Development (Asia Pacific region), Best Office Architecture and Best Office Development in Singapore Reflections at Keppel Bay : One of only 2 Singapore projects 48 24

CSR Awards CSR Awards The Sustainability Yearbook 2013 Features the top 15% of about 3,000 companies worldwide in sustainability leadership Dow Jones Sustainability Index (DJSI) 2012 Global Real

25 CSR Awards CSR Awards The Sustainability Yearbook 2013 Features the top 15% of about 3,000 companies worldwide in sustainability leadership Dow Jones Sustainability Index (DJSI) 2012 Global Real Estate Sustainability Benchmark 2012 Singapore Human Resources Institute Awards 2012 Workplace Safety and Health Awards 2012 World Index and Asia Pacific Index One of three Singapore companies in World Index Regional Sector Leader Office HR Advocate Award for Corporate Social Responsibility Workplace Safety and Health Developer Award 49 Green Mark Awards 34 BCA Green Mark Awards to date Latest awards: Riveria Point, Gold (Provisional) Elita Garden Vista, Certified (Provisional) The Lakefront Residences, Gold International Financial Centre Jakarta Tower 2, Platinum (Provisional) Saigon Centre Phase 2 (Retail Podium and Commercial), Gold (Provisional) 50 25

26 Thank You 51 26

KEPPEL LAND. Financial Year 2013 Results. 22 January 2014

KEPPEL LAND. Financial Year 2013 Results. 22 January 2014 KEPPEL LAND Financial Year 2013 Results 22 January 2014 Disclaimer This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially