ACROSS BORDERS HALLMARK OF EXCELLENCE A KEPPEL LAND PUBLICATION ISSUE MCI (P) 160/06/2015

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1 ACROSS BORDERS A KEPPEL LAND PUBLICATION ISSUE MCI (P) 160/06/2015 HALLMARK OF EXCELLENCE HIGHLIGHTS 05 GAINING STRATEGIC CONTROL 12 strides IN SUSTAINABILITY 21 SINGAPORE UNBOXED

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3 THIS ISSUE 06 The new Inya Wing at Sedona Hotel Yangon features an additional 431 well-appointed guest rooms and suites Sustaining Growth 04 Steady returns 05 Gaining strategic control 06 Opening the doors to a new Inya Wing 07 Strategic review 08 Strengthening ties with Tianjin 09 Sound governance 10 Landmark in Perth completed Sharing on Myanmar 11 Eco-partnership 16 Safety commitment 17 Thinking Unboxed 18 Green energy 19 Asia s first Fish Friendly Marina In Focus 12 Strides in sustainability Empowering Lives 20 Coming full circle in Wuxi Nurturing Communities 21 Singapore Unboxed 22 Empowering youths Supporting relief efforts Our Accolades: Published for Keppel Land by the Group Corporate Communications division of Keppel Corporation Limited, 1 HarbourFront Avenue, #18-01, Keppel Bay Tower, Singapore Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore Cover image: An eco-icon, Ocean Financial Centre was named the winner in the Large Green Building category at the ASEAN Energy Awards 2015 and was awarded the Water Efficient Building (Gold) certification by the PUB. We believe all information in this newsletter to be current at the time of printing. Unless otherwise stated, all currencies are expressed in Singapore dollars. No material contained in this publication should be reproduced without obtaining prior written permission from the Group Corporate Communications department. We also welcome your feedback and suggestions for improvements to our newsletter. You can reach us at keppelgroup@kepcorp.com. Should you wish to be included in our mailing list, please Marketing at marketing@keppelland.com An online version is also available at keppelland.com

4 04 Sustaining Growth ISSUE Steady returns Keppel REIT Management, the Manager of Keppel REIT, has achieved higher distributable income of $54.4 million for 3Q 2015 and $163.2 million for year to date 2015, which are 4.6% and 1.8% above those of the corresponding periods in 2014 respectively. Quarter-on-quarter, the Manager also achieved sustained levels of distributable income. The improved distribution income was due largely to better performance from Ocean Financial Centre, Bugis Junction Towers and 8 Chifley Square in Sydney. The Manager has declared a Distribution per Unit of 1.70 cents for 3Q 2015, which translates to an annualised distribution yield of 7.2%. During the quarter, the Manager increased its fixed-rate loans to over 70%, which will insulate against interest rate fluctuations and at the same time allow for operational and financial flexibilities. The Manager s disciplined capital management approach saw Keppel REIT s average cost of debt remain constant at 2.5%, with interest coverage ratio at a healthy 4.4 times. In keeping with ongoing efforts to reduce volatility and provide greater certainty over future income distributions, the Manager has also hedged almost 100% of distribution payment from Australia up till 1Q Keppel REIT s weighted average term to maturity remained stable at 3.6 years. The Manager continued to maintain low refinancing obligations as at end-september 2015, with close to 100% of Keppel REIT s total borrowings not due for repayment till To-date, the Manager has concluded a total of 82 leases or approximately 1.1 million sf of office space, with approximately 43% or 470,000 sf (34 leases) committed in 3Q This brought overall portfolio occupancy to 98.5% as at 3Q The Manager continued to intensify its lease management efforts to retain and secure tenants. These efforts saw a high tenant retention rate of 90% for its Singapore assets in 3Q The Manager has also completed 100% of all leases due for review and almost all leases due for renewal in With this, approximately 70% of total leases are not due for renewal till 2018 and beyond. Despite the challenging leasing market sentiments, the Manager has achieved a positive rent reversion averaging 16% for office leases signed, renewed and reviewed to-date. The Manager also continues to maintain a healthy weighted average lease expiry of approximately 8.5 years and 6 years for its top 10 tenants and overall portfolio respectively. Looking ahead, the Manager will continue to intensify its tenant retention and engagement efforts to support occupancy and rental rates, while maintaining a well-staggered lease expiry profile for sustainable and resilient returns. GROUP 3Q Q YTD SEP YTD SEP $'000 $'000 $'000 $'000 Property income 42,183 42, , ,756 Net property income 33,396 34, , ,183 Share of results of associates 18,513 19,953 58,833 44,630 Share of results of joint ventures 3,907 4,056 12,006 5,720 Income available for distribution 54,408 54, , ,294 Distribution to Unitholders 1 54,408 54, , ,294 DPU (cents) for the period Annualised distribution yield 7.2% 3 6.4% 4 (1) Distribution to Unitholders is based on 100% of the taxable income available for distribution. (2) Information for YTD Sep 2014 includes the contribution from Prudential Tower, which was divested on 26 September In 4Q 2014, Keppel REIT acquired a one-third stake in Marina Bay Financial Centre Tower 3. As such, the financial information for 2Q 2015 has also been provided to give a more meaningful comparison of Keppel REIT s performance quarter-on-quarter since the portfolio of properties are the same over the two periods. (3) The yield is based on the market closing price per unit of $0.955 as at the last trading day, 30 September (4) The yield is based on the market closing price per unit of $1.190 as at the last trading day, 30 September 2014.

5 ISSUE Sustaining Growth 05 Gaining strategic control Keppel REIT Management, through Keppel REIT (Australia) Trust, has acquired the three remaining prime retail street fronting units at 8 Exhibition Street in Melbourne, Australia, from Cerberos Pty Ltd. The acquisition price for the three units is A$8.6 million (approximately $8.6 million 1 ). The DPU accretive acquisition gives Keppel REIT strategic control over the 35-storey freehold office building and all five retail units at 8 Exhibition Street. Enjoying prominent frontages along the main thoroughfares of Flinders Street and Exhibition Street, the three retail units of approximately 5,500 sf are part of the historic Herald and Weekly Times building, which also includes the 8 Exhibition Street office development. The three commercial retail units have a 10-year lease with options for another 30 years. There are also fixed annual rental escalations which will provide Unitholders with long-term income stability and resilience. Ms Ng Hsueh Ling CEO Keppel REIT Management The retail units are currently 100% leased to two popular and established F&B outlets for 10 years with options for another 30 years. Tenants of the office block include multinational corporations such as Ernst & Young, UBS and the National Australia Bank. Ms Ng Hsueh Ling, CEO of Keppel REIT Management, said, The acquisition presents a rare opportunity for Keppel REIT to gain strategic control of the office and retail components in a freehold landmark in the heart of Melbourne s central business district. The three commercial retail units have a 10-year lease with options for another 30 years. There are also fixed annual rental escalations which will provide Unitholders with long-term income stability and resilience. The acquisition was funded with a combination of working capital and Australian-dollar debt to provide natural hedging, and at least 90% of the distributable income was hedged. 1 Based on the exchange rate of A$1=S$1, as at 31 August The acquisition of the three remaining prime street frontage retail units at 8 Exhibition Street in Melbourne gives Keppel REIT strategic control of both the office and retail components ACROSS BORDERS

6 06 Sustaining Growth ISSUE Sedona Hotel Yangon celebrated the soft opening of its new Inya Wing on 1 October Gracing the event was Myanmar s Minister of Hotels and Tourism H.E. U Htay Aung (centre, in white shirt) Opening the doors to a new Inya Wing Sedona Hotel Yangon marked the soft opening of its new Inya Wing on 1 October 2015, in a ceremony graced by Myanmar s Minister of Hotels and Tourism, H.E. U Htay Aung. Designed by award-winning Singapore firm, Forum Architects, and renowned hospitality design firm, Studio HBA, the new 29-storey Inya Wing features an additional 431 well-appointed guest rooms and suites, along with a grand lobby with a high-end retail gallery connecting the new tower to the existing building. The interiors of the Inya wing feature traditional Burmese art and materials which are infused with modern Asian influences. The traditional Burmese umbrella is a key motif that runs throughout the new wing, starting with the magnificent lighting centrepiece in the main lobby and the fritted glass ceiling. Speaking at the ceremony, Mr Ng Ooi Hooi, President of Regional Investments at Keppel Land, the owner of Sedona Hotel Yangon, said, Today, we open the doors to exciting new experiences as we raise the benchmark for hospitality in Myanmar, building on the good reputation and track record of Sedona Hotel Yangon. H.E. U Htay Aung said, As Myanmar s growth progresses on track, we are heartened that leading international developers like Keppel Land are expanding and upgrading their hospitality developments to meet the growing needs of tourists. Tourist arrivals in Myanmar are estimated to reach five million in 2015, and surpass seven million by Apart from its hospitality business, we are heartened that Keppel Land is also bringing its experience and expertise in developing prime office developments to Yangon in collaboration with the Shwe Taung Group. I am confident that the new office tower in the Junction City development will be another significant landmark in Downtown Yangon, he added. Sitting majestically on eight acres of beautifully landscaped gardens, Sedona Hotel Yangon is a 20-minute drive away from the international airport and the bustling city centre. Within close proximity to the famous Shwedagon Pagoda and Inya Lake, this deluxe five-star hotel in Yangon impresses with its local ethnic decor and architecture. The existing hotel wing features 366 newly-upgraded guest rooms and suites along with several dining options, executive club rooms and a fitness centre with a swimming pool, sauna and steam bath. Inya Wing is linked to the existing hotel block via a specially-designed connector comprising a new retail arcade and an elevated podium that houses a terrace which features a swimming pool, fitness centre and an all-day restaurant.

7 ISSUE Sustaining Growth 07 Strategic review Keppelites, guided by our refreshed vision and mission statements, should continue to glean from industry best practices, adapt and make them unique to Keppel, so that we can be at the forefront of our chosen industries, urged Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land, at the offsite strategy meeting for Keppel Land held on 19 August 2015 in Jakarta, Indonesia. During the meeting, which was attended by directors, management and key executives from Keppel Corporation and Keppel Land, Mr Loh reiterated the importance of talent management, and encouraged business unit heads to continue building strong local teams to take the Company into the next phase of growth. Mr Ang Wee Gee, CEO of Keppel Land, shared the Company s strategy to deepen its presence in its core and growth markets, grow its commercial presence overseas and actively recycle capital to maximise returns. He also emphasised that for the Company to be ahead of competition, there is a need to be open-minded and innovative, and to continue building on the Company s brand philosophy of Thinking Unboxed. Senior management also reviewed the Company s operations in various markets, assessed its progress over the past year, and shared market outlooks and strategies for continued growth. In the same week, as part of efforts to align safety practices across the Group, the Board Safety Committees (BSC) of Keppel Corporation and Keppel Land visited the worksite of International Financial Centre Jakarta Tower Two. The landmark commercial development in the central business district of Jakarta was topped off in a ceremony on 18 August Separately, Keppel Land s BSC also visited the worksite of Corals at Keppel Bay on 22 September Led by BSC Chairman Mr Tan Yam Pin, the group inspected the safety processes of the worksite. Woh Hup, the main contractor for the project, took the opportunity to share some best practices adopted by the workers onsite. The Board Safety Committees of Keppel Corporation and Keppel Land recently visited the worksite of International Financial Centre Jakarta Tower Two as part of their regular worksite visits to align safety practices across the Group

8 08 Sustaining Growth ISSUE Strengthening ties with Tianjin In October 2015, several agreements were inked between Singapore and China to broaden and deepen their partnership in the Sino-Singapore Tianjin Eco-City (Sino-Singapore Eco-City). MEETING OF MINDS The 12 th China-Singapore Joint Council for Bilateral Cooperation (JCBC) meeting, as well as the eighth Tianjin Eco-City Joint Steering Council (JSC) Meeting were both recently held in Singapore on 13 October The high-level political platform was co-chaired by Singapore s Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean and China s Vice Premier Mr Zhang Gaoli. ECO-COLLABORATIONS On the same day, China s Ministry of Housing and Urban-Rural Development (MOHURD) and Singapore s Ministry of National Development (MND) inked a memorandum of understanding to expedite the implementation of four projects in Sino-Singapore Eco-City, including a prototype city for water resources management, smart city development, a green building demonstration base and a garden project. The projects are part of the three-year work plan in preparation for Sino-Singapore Eco-City s 10 th anniversary in Sino-Singapore Eco-City will be able to trial, implement and showcase models of sustainable development through the four projects. For instance, the prototype city for water resources management would serve as a testbed for improving urban water environment and water security while the smart city development project will allow for bilateral cooperation in several areas, including construction planning as well as capacity development in information technology. The efforts in constructing a green building demonstration base will help Sino-Singapore Eco-City achieve its goal of 100% green buildings. Both parties also agreed to collaborate in the planning and design of the garden project, which will incorporate innovative ideas from Singapore. In addition, the Eco-City Administrative Committee (ECAC) and Tianjin Eco-City Investment & Development Co., Ltd. (TECID) inked agreements with Singapore s National Library Board, Singapore Food Manufacturers' Association as well as the Bank of China (Singapore branch) for the development of a library and commodity city, as well as the provision of financial support in Sino-Singapore Eco-City. Witnessed by Chinese Vice Premier Mr Zhang Gaoli (left, second row) and Singapore s Deputy Prime Minister Mr Teo Chee Hean (right, second row), Minister of MOHURD Mr Chen Zhenggao (left, front row) and Singapore s Minister of National Development Mr Lawrence Wong (right, front row) inked the memorandum of understanding to expedite the implementation of four projects in the Sino-Singapore Eco-City

9 ISSUE Sustaining Growth 09 BOOSTING RMB BUSINESS During the JCBC meeting, it was announced that the existing cross-border Renminbi (RMB) initiatives between Singapore and China-Singapore Suzhou Industrial Park as well as Sino-Singapore Eco-City would be expanded to beyond the two projects to the rest of Suzhou and Tianjin. The move would not only give more financing options to corporations and businesses in those cities, but provide financial institutions and investors in Singapore additional avenues to deploy their growing RMB liquidity in Singapore. In addition, qualifying privately-owned banks in Sino-Singapore Eco-City would be allowed to borrow from Singapore-based banks. This would lend support to the development of privately-owned banks in the Sino-Singapore Eco-City and allow such banks in the city to establish commercial relationships with banks in Singapore. (From left to right) ECAC Chairman Mr Xu Datong, TBNA Head Mr Zhang Yong, Keppel Corporation Chairman Dr Lee Boon Yang, Tianjin Vice Mayor Mr Yin Hailin, Keppel Corporation CEO and Keppel Land Chairman Mr Loh Chin Hua, TECID Chairman Mr Meng Qun and SSTEC CEO Mr Liew Choon Boon renewed friendly ties over a dinner hosted by Keppel for the Tianjin delegation on 13 October 2015 RENEWING RELATIONS The Keppel Group took the opportunity to renew its friendly ties with Tianjin when government leaders visited Singapore for the JSC meeting in October To thank Tianjin leaders and partners for their continued support over the past seven years, Chairman of Keppel Corporation, Dr Lee Boon Yang, CEO of Keppel Corporation and Chairman of Keppel Land, Mr Loh Chin Hua, CFO of Keppel Corporation, Mr Chan Hon Chew and senior management across the Group hosted a dinner for Tianjin s Vice Mayor, Mr Yin Hailin, Tianjin Binhai New Area (TBNA) Head, Mr Zhang Yong, ECAC Chairman, Mr Xu Datong, TECID Chairman, Mr Meng Qun and representatives from the Tianjin Municipal Government and ECAC on 13 October Keppel Land is an investor as well as developer cum project manager for the Keppel Group development in the Sino-Singapore Eco-City. Sound governance For its outstanding efforts in improving disclosure and transparency standards, Keppel REIT Management has been awarded Runner-Up for the Most Transparent Company in the REITs and Business Trusts category at the 16 th Securities Investors Association Singapore (SIAS) Investors Choice Awards Held on 16 October 2015, the award ceremony was graced by Mr Chan Chun Sing, Minister, Prime Minister s Office and Secretary-General, National Trades Union Congress. The SIAS Awards honours and recognises public listed companies which have demonstrated exemplary corporate governance and transparency practices throughout the year. Winners are selected based on the Organisation for Economic Co-operation and Development principles of corporate governance and Brendan Wood (North America) International s Shareholder Confidence Index, as well as with inputs from retail investors. At the SIAS Investors Choice Awards 2015 were (from left) Keppel REIT s Director Mr Lee Chiang Huat, CEO Ms Ng Hsueh Ling, and CFO Mr Kelvin Chow ACROSS BORDERS

10 10 Sustaining Growth ISSUE Landmark in Perth completed Keppel REIT s office tower on the Old Treasury Building site in Perth has received its Certificate of Practical Completion in end-august The landmark development, which has an estimated total net lettable area of over 331,000 sf, comprises a 35-storey office tower and an annexe at 585 Hay Street. Strategically located in the city s central business district at the junction of Barrack Street and St Georges Terrace, the office tower is 100% pre-committed with a 25-year lease to the Government of Western Australia. The lease, which will commence in 4Q 2015, includes fixed annual rental escalations throughout its lease term and options for another 25 years. Keppel REIT s office tower on the Old Treasury Building site in Perth received its Certificate of Practical Completion in end-august 2015 The building has achieved the 5-Star Green Star v3 rating from the Green Building Council of Australia and is expecting to achieve the 4.5-Star energy rating from the National Australian Built Environmental Rating System. Sharing on Myanmar To engage in robust discussion on investing in Myanmar, Keppel Land participated in the fifth Euromoney Myanmar Global Investment Forum organised by Euromoney Conferences and co-hosted by the Myanmar Investment Commission. Held on 15 and 16 September 2015, the event drew about 1,000 delegates, including government and business leaders, institutional investors and economists. President of Regional Investments at Keppel Land, Mr Ng Ooi Hooi, represented the Company in the panel About 1,000 delegates attended the Myanmar Global Investment Forum 2015, where Mr Ng Ooi Hooi (extreme left), President of Regional Investments at Keppel Land, participated in a panel discussion discussion on Myanmar s real estate and construction industry, where he shared his views on the property market outlook, emerging business and commercial centres in the country as well as sustainable development. Other topics discussed during the forum included the investment outlook, future political landscape, development of the country s tourism industry as well as real estate and urban planning.

11 ISSUE Sustaining Growth 11 Eco-partnership Keppel Land WATCO, the Keppel Landled joint venture company behind Saigon Centre in Ho Chi Minh City (HCMC), signed an agreement with Philips Lighting Vietnam on 22 September 2015 to retrofit the lighting system of Saigon Centre Phase 1, a mixed-use development located in District 1 of HCMC, on a zero capital expenditure (capex) scheme. This is the first such initiative in Vietnam and follows a similar agreement signed between Philips and Keppel Land in Singapore a year ago. Under the zero capex scheme, Keppel Land and its joint venture partners will upgrade their current conventional lighting system in the common areas of Saigon Centre Phase 1 to light-emitting diode (LED) lighting with no upfront capital investment required. Payment will be made via instalments using the savings from reduced energy consumption achieved through the operation of the new lighting system. This initiative is part of Keppel Land s commitment to engage and promote green practices among tenants. Mr Linson Lim, President, Keppel Land (Vietnam), said, As a responsible green developer, we are committed to design, build and operate properties that are in harmony with the environment and enhance the quality of life of the communities where we operate. This agreement with Philips is a stride forward in our green journey as we do our part to reduce our carbon footprint. The zero capex model not only allows us to acquire a new lighting system without any upfront cost, we will also be able to achieve long term savings from reduced energy consumption and operating costs. Mr Eric Benedetti, GM of Philips Lighting Vietnam, said, With the zero capex cooperation model, Philips will be able to help Keppel Land and property owners apply the most innovative lighting technology without any concern of an investment cost upfront. With the lighting replacement, the 30 office tenants at Saigon Centre can expect a new lighting ambience with improved visual comfort. The LED lights will have longer lifespan of up to 50,000 hours or over 10 years, and will save approximately 50% more energy compared to current lighting solutions, which is equivalent to about US$34,000 per annum. Mr Wong Yew Siong (left), General Director of Keppel Land WATCO, at the signing of the agreement with Mr Eric Benedetti, GM, Philips Lighting Vietnam, to upgrade the current conventional lighting system in the common areas of Saigon Centre (pictured right) Phase 1 to LED lighting ACROSS BORDERS

12 Ocean Financial Centre features the latest in green technology, including one of the largest assembly of solar panels for a commercial building in Singapore s central business district STRIDes in sustainability The Keppel Land Group has a longstanding commitment to high environmental, social and governance standards. We firmly believe that what we do must have a positive impact on our stakeholders, including society at large. The Company s efforts in sustainability were acknowledged AT various platforms in recent months.

13 ISSUE In Focus 13 Representing Keppel Land at the Singapore Apex CSR Award was GM of Corporate Services and CSR Ms Serena Toh (centre) who received the award for the Large Organisations category from Guest-of-Honour and Minister in the Prime Minister s Office Mr Chan Chun Sing (left) SINGAPORE APEX CSR AWARDS Keppel Land took top honours in the Large Organisations category at the inaugural Singapore Apex CSR Awards held on 25 August The Awards are co-organised by Global Compact Network Singapore, Singapore Business Federation and The Business Times, and honours Singaporean companies that exhibit the highest levels of CSR excellence. It also provides a benchmark for other companies aspiring to improve on their sustainability practices. Mr Ang Wee Gee, CEO of Keppel Land, said, Global momentum is gathering for both public and private sectors to address pressing challenges such as urbanisation and climate change. Businesses have an important role to play in tackling these challenges by viewing them as opportunities to make a positive impact. Through our unwavering focus on corporate governance, adoption of best practices, giving back to communities, and greening our properties, we do our part in shaping the future for tomorrow s generation. GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK Keppel REIT topped the internationally-recognised Global Real Estate Sustainability Benchmark (GRESB) 2015, ranking first in Asia across all diversified entities and sectors, first in Asia among listed real estate companies as well as first among entities listed in the Asia Pacific Real Estate Composite Indices. This is the second consecutive year that Keppel REIT has been assessed and ranked against real estate industry players in Asia and globally. It is the first REIT in Asia to maintain its pole position as the regional leader for the office sector in Asia for two consecutive years. It is also among the top three globally for the office sector as well as across all diversified entities and sectors. Ms Ng Hsueh Ling, CEO of Keppel REIT Management, the Manager of Keppel REIT, said, At Keppel REIT, we recognise that sustainability makes good business sense. The results are testament to Through our unwavering focus on corporate governance, adoption of best practices, giving back to communities, and greening our properties, we do our part in shaping the future for tomorrow s generation. Mr Ang Wee Gee CEO Keppel Land our proactive efforts towards achieving excellence in sustainability. We believe that Keppel REIT can achieve positive and sustainable outcomes for our business, the environment and the community at large. Our commitment towards greater environmental, social and governance disclosures will go a long way in supporting investors, especially socially responsible funds in their investment decisions. Continues on page 14» ACROSS BORDERS

14 14 In Focus ISSUE » Continued from page 13 Exemplifying its commitment to make a positive impact to the environment, the tri-generation plant at Keppel REIT s 8 Chifley Square in Sydney, Australia, was highlighted by GRESB as a showcase of green innovation (see story on page 18). At the same time, the follow-on fund by Alpha Investment Partners Asia Macro Trends Fund (AAMTF) has been ranked fifth out of 11 entities in Asia in the diversified sector. AAMTF II has also been awarded the Green Stars status, an improvement from its previous Green Walk status in AAMTF I was awarded the Green Stars status last year. This is based on the GRESB Quadrant Model where companies are scored against their peers and rated either Green Starters, Green Walk, Green Talk, or Green Stars. The GRESB survey this year saw submissions from a total of 707 listed and unlisted property companies and private equity real estate funds in Asia and globally. GRESB assesses companies on their integrated organisational approach and performance in environmental measurement and management. As a proponent of environmental education, Keppel Land also supported the Building Energy Efficiency Solutions Students Competition as a Platinum Sponsor. The competition aimed to challenge students to think of energy efficient solutions for the built environment. Keppel Bay Towers and Marina Bay Financial Centre Towers One and Two were case studies for the competition. Said Mr Tan Swee Yiow, President (Singapore) of Keppel Land, At Keppel Land, we strive to positively impact and contribute to communities wherever we operate. A competition like this is a good platform for us to nurture our younger generation and spur them on to produce innovative solutions for the building industry. Raffles Quay Asset Management, the property manager for Marina Bay Financial Centre and One Raffles Quay, was also a sponsor of the competition. ECO LEADER For his consistent and significant contributions towards a sustainable built environment, Mr Paul Lau, GM of Marina Bay Financial Centre (pictured) and Ocean Financial Centre were among six buildings that were awarded the Water Efficient Building (Gold) certification by the PUB Projects (Singapore) at Keppel Land, was awarded the Green Building Individual Commendation Award. Organised by the BCA and the Singapore Green Building Council (SGBC), the awards seek to motivate the green workforce to constantly challenge themselves to develop innovative solutions for the green building sector. On his win, Mr Lau shared, I am humbled to receive this accolade. It certainly encourages me to spread greater awareness of the green building movement in Singapore. WATER AND ENERGY EFFICIENT BUILDINGS Ocean Financial Centre and Marina Bay Financial Centre were among six buildings to be awarded the Water Efficient Building (Gold) certification by the PUB on 2 October Bugis Junction Towers received the Silver certification. Mr Toh Wah San, Executive Vice President, Asset Management, Keppel REIT Management, said, "We recognise that sustainability makes good business sense. SPURRING GREEN INNOVATIONS Keppel Land displayed its continued support of initiatives to green the built environment by coming in as a Gold Sponsor of the International Green Building Conference (IGBC) held at Marina Bay Sands. The Company has been a strong supporter of the Conference since Organised by the Building and Construction Authority of Singapore (BCA), the conference, held from 2 to 4 September 2015, saw over 1,000 participants from over 30 countries convene to share best practices on greening the built environment.

15 ISSUE In Focus 15 Ocean Financial Centre was named the winner in the Large Green Building category at the ASEAN Energy Awards Receiving the award from Dr. Phyllis Yoshida (left), Deputy Assistant Secretary for Asia and the Americas, Office of International Affairs, US Department of Energy, was Mr Paul Lau, GM, Projects (Singapore), Keppel Land "In keeping with our proactive approach towards environmental management and protection, we spare no effort in incorporating sustainable initiatives in our properties, where feasible. The certifications from PUB are testament to our efforts and will spur us in our sustainability journey. An eco-icon, Ocean Financial Centre features a myriad of sustainable and innovative green applications. These include the harvesting of rainwater for irrigation of rooftop gardens, recycling of condensate water for the cooling tower and the use of water-efficient tap fittings, all of which contribute towards overall savings of 42 million litres of water annually, which can fill 17 Olympic-sized swimming pools. The building also boasts one of the world's largest vertical green walls, the size of which is equivalent to eight tennis courts. The green wall features an automatic drip irrigation system to ensure minimal maintenance. At the Marina Bay Financial Centre integrated development, which Keppel REIT co-owns, the management ensures efficient water usage with advanced water-leak detection and monitoring systems. Technical staff are trained to monitor water consumption and analyse the data collected. Tenants are also educated on water saving measures through circulars and seminars conducted by water efficiency management consultants. Separately, Ocean Financial Centre was lauded for its efficient energy Keppel Land staff took part in a tree-planting activity as one of the satellite events of IGBC. Participants included Keppel Land s GM of Property Management, Mr Lim Tow Fok (extreme left) management practices at the ASEAN Energy Awards 2015, held in conjunction with the 33 rd ASEAN Ministers on Energy Meeting in Kuala Lumpur, Malaysia, on 6 October The building was named the winner in the Large Green Building category. The annual awards aim to promote regional cooperation on projects relating to energy efficiency and sustainability. GREENING BEDOK TOWN PARK Keppel Land staff took part in a tree-planting activity organised by BCA on 4 September 2015 as part of the events surrounding the IGBC. Over 90 participants took part in the event, which saw staff and management of BCA, SGBC and the Green Mark Advisory Committee plant saplings at Bedok Town Park. ACROSS BORDERS

16 16 Sustaining Growth ISSUE Safety commitment As one of Asia s premier property companies, Keppel Land upholds safety as a top priority and strives for a zero-harm workplace by encouraging all stakeholders to embrace safety as a personal and collective responsibility. On 2 September 2015, about 120 Keppelites, consultants and contractors gathered for the Company s eighth Annual Consultants and Contractors Health and Safety Meeting, where they shared best practices and recognised the efforts of project teams and contractors who have contributed significantly to safety excellence. Three Merit and two Gold Safety Recognition Awards were conferred on the project teams of The Glades, The Luxurie, Highline Residences, The Lakefront Residences and Corals at Keppel Bay. In his opening remarks, Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land, lauded the project teams for their achievements. Reiterating the importance of vigilance and teamwork, Mr Loh stressed that safety is a collective responsibility. During the meeting, Keppel Land was also conferred the bizsafe Mentor certificate for the third consecutive time. The bizsafe Mentor status is awarded to companies who have shown safety leadership in their industry. As a bizsafe Mentor, Keppel Land has the responsibility to guide and lead its contractors and all who work with them to be accountable and responsible for safety. To date, Keppel Land is one of 10 companies in Singapore to be conferred this status. Left, Mr Peter Jones (right), GM of Safety and Health at Keppel Land, received the bizsafe Mentor certificate on behalf of the Company from Mr Wong Fong Loy, Senior Assistant Director of Industry Capability Building at the Workplace Safety and Health Council Bottom, About 120 employees, consultants and contractors of Keppel Land gathered for the Company s Annual Consultants and Contractors Health and Safety Meeting to share best practices

17 OUR ACCOLADES: Most Sustainable Corporations in the World Ranked 4th. 1st in Asia. 1st in Real Estate worldwide. Scan to explore OUR ACCOLADES: Most Sustainable Corporations in the World Ranked 4th. 1st in Asia. 1st in Real Estate worldwide. Scan to explore OUR ACCOLADES: Most Sustainable Corporations in the World Ranked 4th. 1st in Asia. 1st in Real Estate worldwide. OUR TENANT: Scan to explore ISSUE Sustaining Growth 17 Thinking Unboxed Curved is ordinary. Functional is ordinary. Curved and functional: Now that s Thinking Unboxed. 100% work. 100% play. Equals a life like no other. Now that s Thinking Unboxed. Designed for business. Created for people. Optimising one to work with the other. Now that s Thinking Unboxed. Michael von Schlippe lives at Reflections at Keppel Bay. Roy Teo lives at Marina Bay Residences. Joycelin Huang works at BNP Paribas in Ocean Financial Centre. Michael von Schlippe, the President of Indochine Media, is no stranger to the finer things in life. One of many reasons why he truly feels at home in the sophisticated Reflections at Keppel Bay. Ingeniously engineered to combine style with functional spaces, the futuristic curves of the towers impress from the outside without compromising the spatial design on the inside. Exactly what we at Keppel Land had in mind right from the beginning, because we are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. Roy Teo, Founder of The Mill Group of Companies, works with homes for a living. So he was pleasantly surprised when he found a home that works for his life. Strategically located at Marina Bay Residences, his home enjoys a seamless connection to Marina Bay Financial Centre and Marina Bay Link Mall. Enabling Roy to go from client meetings to fine dining to unwinding at home in minutes. It s all part of exploring a life unlike any other because at Keppel Land, we are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. Joycelin Huang, Relationship Manager in Commodity Finance at BNP Paribas, knows that businesses are built on people. That s why she appreciates the way Ocean Financial Centre pays attention to both her company and its employees. Energy-efficient features such as regenerative lift systems and LED lighting reduce operating costs, while air purification and monitoring systems provide Joycelin and her colleagues with a fresh work environment. Offices that make it easy to work hard are just an example of how we at Keppel Land are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. Keppel Land s current campaign features its customers as its brand ambassadors Keppel Land launched its brand refresh exercise in 2013 to communicate the Company's efforts in upholding the Keppel quality hallmark, which is thoughtful innovations for thoughtful experiences. The brand tagline, Thinking Unboxed, is not new to Keppel Land as innovation is ingrained in its culture. Driven by the commitment to deliver the highest standards of design, function and enjoyment, Keppel Land constantly challenges itself to think and see things from a different angle, as it continues to create live-work-play environments of enduring value for the community. While the launch campaign featured the Company s award-winning properties in Singapore, the latest campaign, unveiled on 19 October 2015, features Keppel Land s customers as its brand ambassadors. Michael von Schlippe, President of Indochine Media, is the face of Reflections at Keppel Bay; Roy Teo, acclaimed Singapore-based interior designer and founder of The Mill Group of Companies, stars for Marina Bay Financial Centre; and BNP Paribas provides endorsement for Ocean Financial Centre. Mr Albert Foo, GM, Marketing, Keppel Land, said, "We were delighted that our customers so readily agreed to be featured. It shows that our properties have lived up to our brand promise." Watch the three videos on Keppel Land s official YouTube channel, and follow its social media accounts on Facebook at Facebook.com/ keppellandlive and Instagram and Twitter "We were delighted that our customers so readily agreed to be featured. It shows that our properties have lived up to our brand promise." Mr Albert Foo GM, Marketing Keppel Land ACROSS BORDERS

18 18 Sustaining Growth ISSUE Green energy In Sydney, Australia, buildings contribute over 50% of the city s greenhouse gas emissions. Traditional buildings are powered by coal-fired power stations that produce around 80% of Sydney s electricity. In contrast, a tri-generation plant generates electricity onsite using a gas engine, which is twice as efficient as coal-fired power stations and reduces carbon emissions by approximately 40%. The generation efficiency is further enhanced by the utilisation of waste heat for heating and chilled water generation via an absorption chiller. A highly efficient energy technology, the tri-generation system is one of the largest decentralised energy networks in the world. As electricity is produced onsite, near where it is used, there is no need to transport electricity over long distances. It can replace coal-fired electricity and reduce overall emissions from buildings. The tri-generation plant at Keppel REIT s 8 Chifley Square comprises a 400 kw MWM TCG 2016 V8 natural gas engine connected in parallel to the grid. The engine is coupled to a 255 kw Broad exhaust fired absorption chiller that is fully integrated into the building s air conditioning, chilled and condenser water systems. Additionally, the tri-generation plant can produce 212 kw of heating for use by the building s heating, ventilation, and air conditioning systems. The tri-generation plant operates only during periods of high demand. During off-peak periods when the building requires lesser energy, electricity can still be purchased from the grid to ensure the building achieves the optimal environmental and financial efficiency. The plant is the first of its kind in Sydney that is able to export excess electricity generated to another property. This allows the plant to operate at a higher capacity over longer periods, improving efficiency, minimising material use and redundancy and providing low carbon electricity to other buildings, which in turn greatly reduces overall carbon emissions. On average, the tri-generation plant at 8 Chifley Square produces 22,599 kwh of electricity every week, or approximately 1.18 million kwh per annum, enough to power about 7,320 homes in Australia for a year. The use of onsite generation rather than grid-based electricity has also resulted in a reduction of 1,234 tonnes of carbon dioxide, the equivalent of emissions emitted by a car travelling over six million km. The tri-generation technology is recognised under Australia s Green Star Design as a carbon and demand reduction initiative. This has gained 8 Chifley Square additional credits for its 6-star design and as-built ratings, and supports its goal of a 5-star energy rating under the National Australian Built Environment Rating System. Ms Ng Hsueh Ling, CEO of Keppel REIT Management, said, At Keppel REIT, we believe that resource efficiency is not only our responsibility, but also makes good business sense. In line with our commitment to embrace sustainability, 8 Chifley Square is testament to how we can leverage innovative technology to achieve real cost savings while making a significant positive impact on our environment. In keeping with Keppel REIT s commitment towards sustainability, 8 Chifley Square in Sydney features some of the latest in green technology, including the tri-generation plant

19 ISSUE Sustaining Growth 19 Asia s first Fish Friendly Marina In recognition of its continued commitment to environmental sustainability, Marina at Keppel Bay has been accredited as Asia s first Fish Friendly Marina by the Marina Industries Association (MIA), the peak body representing the marina industry in Asia-Pacific. The MIA s Fish Friendly Marinas program recognises marinas which actively work to improve the habitat of marine life within its waters. Mr Andrew Chapman, President of the MIA, formally presented the award to Mr Trevor Fong, Head of Marina Management of Keppel Land Hospitality Management and GM of Marina at Keppel Bay, at the MIA Singapore and South East Asia Regional Meeting on 15 September Separately on 19 October 2015, Marina at Keppel Bay hosted a group of 30 participants, comprising largely officials from China, under the Masters in Public Administration and Management programme from the National University of Singapore Lee Kuan Yew School of Public Policy. They were briefed on the transformation of Keppel Bay, as well as treated to a glimpse of Asia s first Fish Friendly Marina. The Fish Friendly status is an add-on accreditation for marinas with Level 3 Clean Marina accreditation, for which Marina at Keppel Bay has been twice accredited. Mr Fong shared, Through our City Reef project, an initiative to conserve underwater biodiversity and encourage the appreciation of marine life, Marina at Keppel Bay is home to a thriving marine community today. We are heartened to be recognised by MIA as the first Fish Friendly Marina in Asia. The accreditation is testament to our continued efforts in nurturing an environmentally-friendly marina and advocating eco-friendly practices to boat owners. Marina at Keppel Bay, with its clean waters and high standards of environmental stewardship, is now the first Fish Friendly Marina in Asia. Its City Reef project has helped the marina set the benchmark in ecofriendly marina management. Some of the fish species found in the marina include butterfly fish and clownfish (inset photos) ACROSS BORDERS

20 20 Empowering Lives ISSUE Coming full circle in Wuxi Eric Cheng first began his career in Keppel Land China as the marketing manager for Central Park City in Wuxi. That was followed by three years in the marketing department at the Company s headquarters in Shanghai, before he moved on to head Keppel Land s Waterfront Residence project in Nantong. Eight years later, he has come full circle and is back on familiar ground but now with bigger responsibilities as Keppel Land China s city head for Wuxi. Eric admits that the beginning was tough. Even though I am a local Chinese, I wasn t born in Wuxi. My staff came from diverse backgrounds, each with his own working style. I had to understand how they think, get used to their working habits and at the same time motivate them to continue improving themselves, he said. Born and raised in the vibrant, face-paced metropolis of Shanghai, Eric had to adapt to the slower pace of life in Wuxi, where he found there was a greater emphasis on family and bonding. My approach is to become friends with my staff. Spending time with them after work, having meals and playing sports together have helped foster strong bonds that carry through to the workplace. I make it a point to understand their points of view and listen to their suggestions. When they know that their views are taken seriously, they develop a sense of belonging to the company which inspires them to put in their best. Being a Singaporean company, there are differences in how Keppel Land functions compared to a local Chinese company. After eight years, Eric has a deep understanding of Keppel s culture and core values and is well-equipped to impart this understanding to his team. Local developers and suppliers usually do not place the same emphasis on safety as we do at Keppel. I have to explain that safety is Keppel s core value and why we do not take chances. Being a local Chinese helps me communicate these messages to our stakeholders clearly. With his wife and two children residing in Shanghai, it is a two-hour drive from Wuxi for Eric to see his family on weekends. However, the job satisfaction he gains makes the sacrifice worth it. At Keppel Land, we are given ample opportunities to grow and achieve our career aspirations. My combined experiences have prepared me to take on leadership roles within the company, and helped me to grow, not just professionally but personally as well. Eric Cheng (second from right) with colleagues at the Keppel Land China Annual Staff Conference in Shanghai earlier this year

21 Launching the exhibition at Ocean Financial Centre was Mr Ang Wee Gee (fourth from right), CEO, Keppel Land, accompanied by Mr Chan Hon Chew (third from left), CFO, Keppel Corporation; Ms Wang Look Fung (third from right), Director of Group Corporate Affairs, Keppel Corporation; Mr Tan Swee Yiow (extreme left), President (Singapore), Keppel Land; Professor Tan Chin Tiong (second from left), Founding Provost and Senior Advisor to President, Singapore Management University; Mr Saravenan Tanapal (second from right), Deputy Director, Ministry of Culture, Community and Youth; and Mr Warren Bishop (extreme right), CEO, Raffles Quay Asset Management Singapore Unboxed In celebration of Singapore s Golden Jubilee, Keppel Land, with the support of the Ministry of Culture, Community and Youth under its SG Celebration Fund, is holding a roving exhibition which showcases the transformation of the city s landscape. The exhibition, named Singapore Unboxed, will be held over a period of 50 days. Visitors can learn more about the stories behind the transformation of the areas where iconic developments such as Ocean Financial Centre, Bugis Junction, Keppel Bay and Marina Bay Financial Centre, developed by Keppel Land, as well as the National Library and Singapore Management University (SMU), stand today. Mr Ang Wee Gee, CEO of Keppel Land, launched the exhibition at Ocean Financial Centre on 26 October He was joined by over 50 guests, including Professor Tan Chin Tiong, Founding Provost and Senior Advisor to the President at SMU, as well as senior management from Keppel Corporation and Keppel Land. Mr Ang said, With a legacy of over a hundred years, Keppel Land has grown to become a premier property company in Asia. Our developments have played their part in history and have their own stories to share. Keppel Land is honoured to have played a part in Singapore's developmental history and we will continue to deliver on our Thinking Unboxed brand promise to shape the best for future generations. Visitors to the exhibition can look forward to seeing original historical documents which have never before been publicly displayed, including title deeds and maps dating back to the 1800s. Keppel Land also rallied longtime staff and tenants at Keppel Land s developments, as well as pioneers from Thye Hua Kwan Moral Society, who shared interesting anecdotes about olden-day Singapore in video footages displayed at the exhibition. The public is invited to submit old photographs of Keppel Land's developments and their surroundings on Facebook at SG50Keppelland. Photographs that receive the most Likes stand to receive attractive prizes, including a two-night stay at Sedona Hotel Yangon, Myanmar. Viewing the original historical documents at the exhibition at Ocean Financial Centre was Keppel Land CEO Mr Ang Wee Gee (in white shirt) Ocean Financial Centre 26 Oct 13 Nov 2015 * Lunchtime event on Friday, 6 Nov Bugis Junction 16 Nov 22 Nov 2015 * Lunchtime event on Friday, 20 Nov Singapore Management University 24 Nov 2 Dec 2015 * Lunchtime event on Friday, 27 Nov National Library 4 Dec 10 Dec 2015 Marina Bay Link Mall 11 Dec 18 Dec 2015 * Lunchtime event on Friday, 18 Dec ACROSS BORDERS

22 22 Nurturing Communities ISSUE Empowering youths Keppel Land is committed to be a responsible corporate citizen, contributing and enriching lives of communities wherever it operates. With the support of its main contractor for Saigon Centre, Hoa Binh Construction & Real Estate Corporation (Hoa Binh), Keppel Land (Vietnam) pledged a total of VND 180 million (about S$11,500) to An Phu Secondary School, located in Thao Dien Ward 2 in District 2, to support the school s educational activities and daily operation. This includes granting a total of VND 70 million (S$4,450) of educational scholarships to 20 underprivileged students who have excelled academically. To create a more conducive learning environment, Keppel Land (Vietnam) and Hoa Binh have also replaced the school s benches, installed new sinks, provided three new bookshelves and eight exhaust fans in its canteen for better ventilation. Mr Tran Duc Vinh, headmaster of An Phu Secondary School, said, We are very grateful to Keppel Land (Vietnam) and Hoa Binh for their Mr Ryan Alexander Lower, Chairman of Keppel Land (Vietnam) Corporate Social Responsibility Committee 2015, presenting educational scholarships to 20 underprivileged students from An Phu Secondary School generous support. The scholarships will encourage and motivate our students to keep up their good performance. Mr Linson Lim, President, Keppel Land (Vietnam), added, At Keppel Land, we seek to empower lives for sustainable change. In Vietnam, we will continue to focus our efforts on education and create positive and meaningful impact where we operate. Supporting relief efforts In aid of relief efforts following the explosions that occurred at the Port of Tianjin, China, on 12 August 2015, Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) donated RMB 150,000 to the Sino-Singapore Tianjin Eco-City s (Sino-Singapore Eco-City) Fire Department and Public Security Bureau on 2 September The series of explosions killed over 170 people and injured hundreds of others. Firefighters and policemen from the Sino-Singapore Eco-City have been working tirelessly to assist affected residents and maintain order in the Tianjin Binhai New Area. As a gesture of support and appreciation for the efforts of the Sino-Singapore Eco-City s Fire SSTEC CEO Mr Liew Choon Boon (third from right) presented donations on behalf of SSTEC to Eco-City Public Security Bureau Director Mr Sun Liankai (third from left) and Eco-City Fire Department Director Mr Wang Jun (second from right) through the Eco-City Volunteer Association, represented by its Secretary-General Mr Wei Shangyi (second from left) Department and Public Security Bureau, SSTEC CEO Mr Liew Choon Boon presented the cheque on behalf of SSTEC to the two departments through the Eco-City Volunteer Association. SSTEC, master developer for the Sino-Singapore Eco-City, is a joint venture formed by the Keppel-led Singapore consortium and China consortium.