Investor Meetings December 2013

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.

1 Contents

Introduction

Strategic Updates

Market Outlook

Going Forward

Introduction

2 Key Statistics

Share Price : $3.52 (29 Nov 2013) NAV/Share : $4.15* Market Capitalisation : $5.4b (29 Nov 2013) Total Number of Issued Shares : About 1.5b* Dividend per share in 2012 : 12 cents Total Assets : $13.2b* Key Stock Quotes : Key : FTSE ST Real Estate Index Indices FTSE Asia Pacific ex‐Japan Index ISIN Code : SG1R31002210 FTSE All‐World Index Stock Code : KI7 FTSE EPRA/NAREIT Global Real Estate Index FTSE ST China Top Index Bloomberg : KPLD SP FTSE RAFI Index EPRA/NAREIT Index Reuters : KLAN.SI Dow Jones Sustainability Asia Pacific and Sedol : 6853468 World Indices

*As at end‐Sep 2013

Financial Profile

Dividend Policy : To Distribute 1/3 of Net Realised Profit

Dividend Payout Ratio : About 39%(1) in 2012

FY2012 FY2011^ FY2010^ FY2009 FY2008 FY2007 Turnover ($m) 938.9 949.0 685.4 923.9 842.2 1407.9 Pre‐tax Profit ($m) 987.3 1,477.0 1,176.8 358.6 314.0 988.7 Net Profit ($m) 838.4 1,374.7(2) 1,052.9(3) 280.4 227.7 779.7(4) Overseas Earnings 19.1 24 39.5 31.5 29.5 39.7 (% of Net Profit) EPS (¢) 55.5 93.8 73.3 24.2 22.4 76.9 NTA/Share ($) 3.99 3.74 2.95 2.36 3.39 3.18 Net Debt//qEquit y Ratio (()x) 0.22 0.10 0.21 0.23 0.52 0.41 ROE (%)* 14.8 32.1 31.0 10.1 9.9 46.2 Total Dividend / Share (¢) 12 20 18 8 8 20

^Restated *Average ROE : 19.6% (past 5 years), 24% (past 6 years) (1) Total dividends of net profit before fair value gains (2) Includes corporate restructuring surplus of $480.3m from sale of 87.5% interest in OFC (3) Includes corporate restructuring surplus of $363.8m from sale of 1/3 interest in MBFC Phase 1 (4) Includes corporate restructuring surplus of $235.2m from sale of 1/3 interest in ORQ 6

3 Core Businesses

Property Development for Sale Property Fund Management

Lifestyle residential developments Total AUM of $17.3b^ Pan‐Asian commercial REIT Townships AUM : $6.8b

Investment‐grade offices Manager of 5 private equity funds Mixed‐developments AUM : $10.5b

Waterfront Homes Townships Grade A Offices Mixed‐developments

Reflections at Keppel Bay The Botanica Ocean Financial Centre, One Raffles Quay Marina Bay Financial Centre ^ When fully leveraged and invested

Strategy Scale up and focus on core and growth markets

Deepen presence

ore • Singapore C • China : Focus on Shanghai, Beijing, Tianjin, Chengdu, Wuxi

Strengthen position • Indonesia : Focus on Jakarta

Growth • Vietnam : Focus on Ho Chi Minh City

Expand commercial portfolio overseas Grow fund management business Integrate sustainability into business strategy and build an innovative culture

4 Making Headway for Sustainability Efforts

Among world’s leading sustainable companies

• Inclusion in Dow Jones Sustainability World and Asia Pacific Indices 2013/14 for the 3rd and 4th consecutive year respectively

• Regional Sector Leader (Office) for 2nd consecutive year in the Global Real Estate Sustainability Benchmark

• Top 10 ASEAN Companies in China by the China‐ASEAN Business Council

• Most Admired ASEAN Enterprise (CSR category) at ASEAN Business Awards 2013

Reinforce Innovation as Brand Identity

New tagline : Thinking Unboxed ‐ 思无限, 创非凡

Commitment to continually innovate and sharpen competitive edge

Innovation inherent in our products, processes and people

• Guinness World Record for largest vertical green wall at Ocean Financial Centre

• Sliding Integrated Multi‐function (SLIM) wall system to provide flexible living spaces at The Glades Largest vertical green wall at Ocean Financial Centre

5 Strategic Updates

Strategic Alliance with China Vanke Scale Up in Growth Cities

Vanke took 30% stake in The Glades in Singapore

Exploring similar collaborations in China

Tap on • Well‐diversified in Asia Extensive Network • China’s largest residential with presence in 10 cities developer with presence in China Learn Best in about 60 cities Practices

6 Active Capital Recycling

Unlock Value for Other Opportunities in Jakarta

About $152m gains from divestments

• Completed divestment of stake in Jakarta Garden City

Remains committed to Indonesia : Focus on Jakarta

• Seek residential and commercial development opportunities Jakarta Garden City

Divestments Net Proceeds Divestment Gain

51% stake in Jakarta Garden City^ $237m $149m

50% stake in Hotel Sedona Manado $8.8m $3.3m

Total $245.8m $152.3m

Hotel Sedona Manado

Expand Commercial Presence Overseas

About 652,000 sm of GFA in Key Growth Cities

Projects Under Development Total GFA Est. Completion Mixed‐use Development, Shanghai 110,000 sm 2017/18 Commercial Development, Beijing (51% stake) 100,000 sm 2016 Seasons City, Tianjin Eco‐City (55% stake) 162,000 sm 2017 (Ph1) Saigon Centre Ph 2, Ho Chi Minh City (45.3% stake) 100,000 sm 2016 (retail podium) International Financial Centre Jakarta T2 64,900 sm 2015

Completed Projects Total GFA Acquisition Date Life Hub @ Jinqiao, Shanghai (34% stake*) 115,000 sm Feb 2013

TOTAL GFA : 651,900 sm

* Through Keppel Land China

7 Operation Updates – Singapore

Singapore Residential

Capitalise on Proximity to MRT Stations

5 3 2 1

1. HarbourFront 2. Bayfront (New) 3. Tanjong Pagar 4. Tanah Merah 5. Tiong Bahru Residential Development

Corals and Reflections at Keppel Bay Marina Bay Suites Proposed redevelopment The Glades of KTGE Towers Source : Land Transport Authority 16

8 Singapore Residential

Landbank of more than 2,000 Homes

KLL’s Attributable Land Attributable Total Remaining Project Tenure Stake Area (sf) GFA (sf) Units Units(1) Launched Projects The Glades 70% 99‐yr 240,220 384,357 726 644 Corals at Keppel Bay 30% 99‐yr 125,366 152,999 366 202 Reflections at Keppel Bay 30% 99‐yr 269,759 624,527 1,129 67(2) Marina Bay Suites 33.3% 99‐yr 19,016 156,462 221 22 Upcoming Projects Keppel Bay Plot 4 11.7% 99‐yr 35,992 40,300 234(3) 234 Keppel Bay Plot 6 30% 99‐yr 141,120 67,813 86(()3) 86 Keppel Towers & GE Tower 100% Freehold 85,305 227,963(4) 249(3) 249 Tiong Bahru Devt 100% 99‐yr 118,303 473,218 500(3) 500 Total 1,048,003 2,469,579 3,511 2,004

(1) As at end‐Oct 13 (2) Exclude about 150 units set aside for corporate residences (3) Estimated no. of units (4) For residential. Exclude GFA of about 342,,000 sf for commercial 17

Singapore Residential

Launched Two Projects with Good Value Propositions

Corals at Keppel Bay The Glades Sold over 160 units out of 200 launched units Sold more than 50% of 200 launched units as at 25 Nov 13 (ASP : $2,200 psf) as at 25 Nov 13 (ASP : $1,450 – $1,500 psf)

Near HarbourFront MRT Station, CBD, VivoCity Next to Tanah Merah MRT Station, near and Resorts World Sentosa SUTD^, East Coast Park, Changi Business Park

Along scenic promenade : Connects to Marina Benefit from proximity to Changi Airport’s at Keppel Bay and Labrador Nature Park Project Jewel lifestyle development with retail mall ^ Singapore University of Technology and Design which is tied up with Massachusetts Institute of Technology 18

9 Singapore Residential Developing City‐fringe Homes in a Nostalgic Neighbourhood

Close to Tiong Bahru MRT station

Near malls, good schools, F&B outlets and Heritage Conservation Area

Near CBD, Orchard Road, Singapore General Hospital and the Duke‐NUS Graduate Medical School campus

Details No. of Units 500 units : Mostly 1‐ to 4‐bedrooms (500‐1,350 sf) Acquisition Price $550m

Expected Launch 1H14

Singapore Commercial

Developed Premier Grade A Investment Properties Marina Bay Financial Centre* Green Mark GoldPLUS^ One Raffles Quay* Ocean Financial Centre* Tenants include : Green Mark Gold Green Mark Platinum Standard Chartered, Wellington, Tenants include : Tenants include : ANZ, BNP Paribas, Société Générale, Barclays, BHP Billiton Deutsche, Ernst & Young,UBS Stamford Law, Trafigura, Gazprom, Verizon

• One Raffles Quay, Marina Bay Financial Centre Phase 1 and Ocean Financial Centre divested in 2007, 2010 and 2011 respectively ^ For Tower 3 only. Tower 1 & 2 achieved Green Mark Gold award 20

10 Singapore Commercial

Marina Bay Financial Centre to Enjoy Greater Connectivity

Tower 3 occupancy : 94.5% committed to‐date

Tenants include : DBS Bank, Rio Tinto, Lego, Mead Johnson , Clyde and Co, Kimberly Clark, McGraw Hill and Ashurst

New Downtown Line Stage 1 to be opened

Details

Tenant Mix 60%:40% mix of financial and non‐financ ia l sectors WALE ~8 years

Sustainable Development BCA Green Mark GoldPLUS

Marina Bay Financial Centre

Singapore

Redevelop Keppel Towers & GE Tower into Mixed‐use Development

Proposed development : About 250 residential units and 342,000 sf of commercial space

Tenure : Freehold

Located within CBD and close to Tanjong Pagar MRT station

Planned relocation of port for waterfront redevelopment :To be transformed into a lively urban precinct with hotels, residential, office and retail developments

Keppel Towers & GE Tower 22

11 Operation Updates – Overseas

China

Strong Track Record and Extensive Presence

Grew asset size to 44% ($5.8b) of total assets Over 20 projects across 10 cities Residentialdl Residential : About 40,000 homes in the pipeline Commercial Shenyang Commercial : About 487,000 sm GFA in 3 cities Beijing Strong track record Tianjin Over 22,000 homes sold and over 20,000 homes completed since 2000 Nantong Jiangyin Chengdu Wuxi Scale up in high‐growth cities Shanghai

Focus : Shanghai, Beijing, Tianjin, Chengdu, Wuxi Kunming Condominiums, villas, townships, waterfront Zhongshan homes, commercial and eco‐developments

12 China

Sustained Sales Momentum Continues into 4Q13

About 3,600 units sold up to 25 Nov 13 vs 1,650 units in FY12 • Robust sales at The Botanica and The Springdale New launches in November well‐received • Seasons Residence, Shanghai : Sold about 70 units out of 136 launched units as at 25 Nov 13 (ASP : RMB 25,000 psm) • New plot at The Springdale, Shanghai : Sold more than 90 units out of 112 launched units as at 25 Nov 13 (ASP : RMB 14,500 psm)

The Botanica Ph 7, Chengdu The Springdale Ph 3, Shanghai Seasons Residence, Shanghai

China

Capitalise on Prime Location for Mixed‐use Development

Planning for retail‐cum‐office development at Park Avenue Central, Shanghai

• Prime location : Close to shopping malls and international hotels

Details

Next to Chang Ping Location Road metro station

GFA Approx 110,000 sm

Ready for development Early 2015

Expected Completion 2017/18

13 China

Grow Commercial Presence with Life Hub @ Jinqiao

Strong occupancy of over 99% • Strong shoppers’ traffic and retail sales : Avg footfall of 1.25m visitors a month Well‐located : Near Metro Line 6 Jinqiao Station and Yunshan Road Station in Pudong

Details Land Area 59,956 sm Retail : 98,630 sm GFA Office : 16,102 sm Retail : 170 No. of Leases Office : 52 Retail : 99.7% Occupancy Office : 97.6% Uniqlo, Adidas, C&A, Minsheng Key tenants Bank, Lexus, Mercedes Benz Acquisition Price About RMB28,800 psm^ Life Hub @ Jinqiao

^ Includes net debt 27

China

Commercial Development in Beijing’s Core CBD

Located in Chaoyang District • Near China World Trade Centre, CCTV^ Tower and 2 MRT stations (World Trade Centre and Yong An Li) Benefit from limited Grade A supply in CBD core

Beijing Commercial Details GFA About 100,000 sm 3 office blocks and Development Type supporting retail Expected Completion 2016 ^ China Central Television

14 Vietnam

Higher Sales on Improved Sentiments

The Estella : Over 140 units sold YTD 25‐Nov 13 (ASP : About US$1,600 psm) • BCA Green Mark Gold : Keppel Land’ s first in Vietnam

The Estella

Myanmar

Expand Sedona Hotel Yangon to Cater to Increasing Demand

Add about 420 rooms to existing 366 rooms (Expected completion : 4Q15) About 15 mins drive to international airport and city centre Near Shwedagon Pagoda and Inya Lake

New wing

Sedona Hotel Yangon

15 Operations Updates – Fund Management

Fund Management

Continued Growth in Total AUM to $17.3b^

Keppel REIT : 10 Grade A office buildings in Singapore and Australia Alpha Investment Partners : 5 PE funds

YTD Sep 2013 $3.7b $6.1b $9.8b $9.8b $11.2b $14.8b $15.3b $17.3b

^ When fully leveraged and invested

16 Fund Management

Seek Further Growth for Steady Recurring Income

Keppel REIT

• Higher liquidity : Free float up from 48.5% to 55.3%

• Upgraded by Moody’s to Baa2

• Completed acquisition of 50% stake in 8 Exhibition Street in Melbourne in 3Q13 Garden Omotesando Alpha Investment Partners

• Asia No. 1 Property Fund divested 2 residential assets in Tokyo, Japan

‐ Garden Omotesando : Located in the popular Jingumae district

‐ J‐Grande : Located in Nishi‐Azabu district J-Grande

Market Outlook

17 Singapore

Slower homes sales with latest measure tightening access to mortgages • More than 12,000 units sold as at end‐Sep 2013(1) vs about 22,000 units sold in 2013 Prices remained stable ential

d • Up by 2% YTD as at end‐Sep 2013(1) New supply not excessive : Resi • About 60% of potential supply of about 90,000 units from now to 2017 already sold(2)

Higher GDP growth in 3Q13 : Up 5.8% • Raised full‐year growth forecast from 2.5‐3.5% to 3.5‐4% Healthy office take‐up : About 1m sf YTD Sep 13(1) rcial

e Moderate supply of new Grade A office space : Average supply of about 800,000 sf per annum from 2014 to 2017(2) Expect modest increase in Grade A rents in 4Q13 through 2014 and to accelerate in Comm 2015(2) • Rents held firm at $9.55 psf for 3rd consecutive quarter in 3Q13(2)

(1) URA (2) CBRE 35

China

Home prices rose 8.78% y‐o‐y and 0.59% m‐o‐m across major cities in Oct 13(1) • Prices were up in 69 of the 70 cities in Oct, unchanged from Sept(1) Benefit from rising affluence and increasing urbanisation sidential

e (1)

R • Urban household disposable income per capita rose 12.6% to RMB 24,565 in 2012

Projected GDP growth of 7.5% in 2013(2) vs 7.8% in 2012 Beijing : Grade A office rents stands at RMB473 psm(3) and take‐up from financial, energy and professional services sectors remained active Shanghai : mercial • Grade A office rents at RMB 251 psm(3) and demand expected to surge with new m Shanghai Free Trade Zone Co • Retail rents in non‐centralised area remained firm at RMB5.20 psm/day and RMB19.60 psm/day for ground floor(4)

(1) National Bureau of Statistics (2) Government forecast (3) CBRE (4) JLL

18 Overseas

Projected GDP Country Property Market for 2013(1)

Grade A office rent at US$38 psm as at end‐3Q13, supported by Indonesia 5.8‐6.2% strong tktake‐up and lim ite d GdGrade A office space supply(2)

Better sentiments for properties in Districts 2 and 7 with faster connectivity to CBD(3) Vietnam 5.5% Grade A office rent at US$36.40 psm , supported by higher occupancy and improving economic conditions(4)

From 2003‐ 2012, international visitor arrivals grew by a compounded rate of 12.8% per annum and accelerated in part(4) Myanmar 6.8% Supported by growing visitor arrivals and limited supply of international standard hotel rooms

(1) Government forecasts (2)Cushman and Wakefield (3) CBRE (4) JLL

Going Forward

19 Going Forward

Selectively acquire prime sites for residential, township, commercial and mixed‐use developments

CtiContinue to active ly recycle assets to improve returns

Monitor residential market to launch new projects and phases

Corals at Keppel Bay, Waterfront Residence, Saigon Centre Ph 2, Life Hub @ Jinqiao, Singapore Nantong Vietnam Shanghai

Thank You

20 Additional Slides

Financial Highlights –3Q13 vs 3Q12

3Q13 3Q12 % Chg

Turnover ($m) 417.9 166.4 151

EBITDA ($m) 78.5 32 145

Pre‐tax Profit ($m) 156.8 92.9 69

Net Profit ($m) 126.4 74.5 70

21 Financial Highlights –YTD Sep 13 vs YTD Sep 12

YTD Sep 13 YTD Sep 12 % Chg

Turnover ($m) 955.3 466.9 105

EBITDA ($m) 182.6 99.2 84

Pre‐tax Profit ($m) 368.1^ 381* (3)

Net Profit ($m) 318.6 311.1 2

^Includes a $3.3m gain from the divestment of 50% stake in Hotel Sedona Manado *Includes a $16.7m gain from the divestment of 22.7% stake in Saigon Centre Ph 2

Balance Sheet Profile

Financial Capability to Seize Opportunities

Healthy cash position : About $0.9b as at end‐Sep 2013 Strong financial capacity : Over US$3b unutilised from MTN programmes Additional debt headroom of about $1.1b if gear up to 0.6x

End‐Sep 13 End‐Dec 12

Net Debt $3b $1.5b

Net Debt/ Equity Ratio 0.44x 0.22x

Interest Cover Ratio(1) 22.7x 51.4x

(1) Interest Cover Ratio = Profit Before Interest and Tax Net Interest Cost on External Borrowings

22 Loan Maturity Profile

Active Capital Management to Lock in Competitive Rates

2014 8% 2015 34%^ 2016 9% 2017 3% 2018 26% 2019 8% 2022 5% 2024 3% Rolling 4% Total Debt : $3.9b as at end‐Sep 13

Limited refinancing requirements in 2014 : 8% debt due to mature Lengthened weighted avg debt maturity to 3.7 years from 3.4 years as at end‐Dec 2012 Low avg interest rate of borrowings : 2.5% Monitor interest rates to raise proportion of fixed rate debt • Fixed rate debt : 39% as at end‐Sep 13

^ Includes convertible bonds maturing 29 November 2015 45

Alpha Investment Partners

Funds under Alpha as at end‐Sep 2013

Committed % No. of Countries Funds Equity Invested Invested In

Asia No. 1 Property Fund $400m 100% 3

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 $2.08b 32% 3

23 Asset Breakdown

Total Assets of $13.2b as at end‐Sep 13

Asset Allocation – By Business Segment

Hotels & Fund Indonesia Others Resorts Vietnam Management Others 2.1% 3.3% 2.7% 0.3% 1.0% 6%

Property Investment 29.1% Singapore 44.2% Property China Trading 43.8% 67.5%

Invested More Than $1b YTD Strengthen Position in Core Markets

Average of about $1.5b invested per annum over past three years

Amount Investments Year‐to‐Date Stake Invested Singapore Tiong Bahru site 100% $550m China Life Hub @ Jinqiao, Shanghai 34%^ $157m Prime residential site, Sheshan, Shanghai 100% $266m Residential site in Start‐up Area, Tianjin Eco‐City 100% $49m Total $1,022m

^ Through Keppel Land China

24 Residential Landbank ‐ China

Total Land Area Total GFA Remaining Area Remaining Units Project Location KLL's Stake (sm) (sm) For Sale (sm) For Sale* 8 Park Avenue Shanghai 99% 33,432 136,893 54,038 288 The Springdale Shanghai 99.4% 264,090 328,792 # 96,674 ^ 569 Seasons Residence Shanghai 99.9% 71,621 128,917 128,917 1,187 Landed Devt, Sheshan Shanghai 100% 175,000 85,000 85,000 200 Waterfront Residence Nantong 100% 172,215 189,437 # 189,437 # 1,199 ClCentral Park City Wuxi 49%9.7% 352,534 670,931 # 296,316 ^ 2,113 Waterfront Residence Wuxi 100% 215,230 322,844 322,844 2,500 Mixed‐Use Devt Wuxi 100% 66,010 165,025 # 165,025 1,135 Stamford City Jiangyin 99.4% 82,987 305,728 # 194,839 818 The Botanica Chengdu 44.05% 419,775 1,049,438 ^ 52,262 ^ 325 Park Avenue Heights Chengdu 100% 50,782 203,129 181,901 1,305 Hill Crest Villa Chengdu 100% 249,330 163,147 163,147 274 Landed Devt Chengdu 100% 286,667 243,100 243,100 573 The Seasons Shenyang 100% 348,312 365,186 # 345,960 ^ 2,559 Hunnan Township Development Shenyang 99.8% 302,681 756,580 756,580 7,026 Serenity Villa Tianjin 100% 128,685 80,000 79,588 340 Mixe d‐use DtDevt Tianji n 100% 1,666 ,665 1,358 ,202 1,358 ,202 11,299 Tianjin Eco‐City Tianjin 55% 365,722 633,798 # 546,485 # 3,472 Integrated Marina Lifestyle Devt Zhongshan 80% 857,753 443,177 443,177 1,647 Hill Crest Residence (Ph 1) Kunming 68.8% 71,920 20,193 3,466 21 Hill Crest Residence (Ph 2) Kunming 68.8% 99,759 24,428 24,428 130 La Quinta II Kunming 68.8% 23,034 10,928 2,223 15 Total 6,304,204 7,684,873 5,733,609 38,795

* As at end‐Oct 13 # Includes commercial area ^Excludes commercial area 49

Residential Landbank ‐ Other Overseas

Total Land Area Total GFA Remaining Area Remaining Units Country Project KLL's stake (sm) (sm) for Sale (sm) for Sale* Vietnam Saigon Sports City, HCMC 90% 640,477 688,180 # 289,850 ^ 2,622 The Estella, HCMC 55% 47,906 233,595 124,674 ^ 803 Riviera Point, Dist. 7, HCMC 78% 89,712 438,814 # 278,186 ^ 2,281 Dong Nai Waterfront City , Dong Nai 50% 3,667,127 2,046,955 # 1,293,500 ^ 7,850 Condominium Devt, Dist. 2, HCMC 60% 51,000 244,800 166,464 1,500 Riviera Cove, Dist. 9, HCMC 60% 97,000 34,711 15,513 27 South Rach Chiec, Dist 2, HCMC 42% 302,093 755,000 # 641,067 ^ 6,699 Riviera Gardens, Dist. 12, HCMC 60% 113,098 40,715 56,549 174 Villa Devt, Saigon South, HCMC 50% 135,000 67,500 67,500 225 Casuarina Cove, Dist 9, HCMC 60% 93,368 39,807 46,684 120 Sub‐total 5,236,781 4,590,077 2,979,987 22,301 India Elita Horizon 51% 79,927 174,815 174,815 1,419 Elita Garden Vista 37.74% 99,957 214,275 120,755 647 Sub‐total 179,884 389,090 295,570 2,066 Thailand Villa Arcadia Srinakarin 45.5 % 159,706 76,626 50,842 155 Villa Arcadia Watcharapol 66.7% 124,912 68,314 75,448 241 Sub‐total 284,618 144,940 126,290 396 Sri Lanka Residential Devt, Colombo 60% 5,058 49,177 43,744 279 Middle East Residential Devt, Jeddah, Saudi Arabia 51% 36,236 ‐‐ ‐ Philippines SM‐KL Residential Devt, Manila 24.2% 12,932 122,343 ‐‐ Total 5,755,509 4,649,040 2,803,558 21,797

* As at end‐Oct 13 # Includes commercial area ^Excludes commercial area 50

25 Residential Launches ‐ China

Units to Launch Project Location 4Q13 2014 2015 8 Park Avenue* Shanghai 30 162 102 The Springdale* Shanghai 111 415 81 Seasons Residence^ Shanghai 240 461 486 Waterfront Residence^ Nantong 40 95 263 Central Park City* Wuxi 191 700 664 Waterfront Residence^ Wuxi ‐ 68 330 Mixed‐use Devt^ Wuxi ‐ 223 663 Stamford City^ Jiangyin 4 376 266 The Botanica* Chengdu 142 338 ‐ Park Avenue Heights^ Chengdu 125 471 504 Hill Crest Villa^ Chengdu 10 51 74 Landed Devt^ Chengdu ‐ 32 80 The Seasons* Shenyang 83 100 96 SitSerenity Villa ^ Tian jin 23 75 89 Eco‐City* Tianjin 87 465 567 Integrated Marina Lifestyle Devt^ Zhongshan ‐ 12 48 Hill Crest Residence (Ph 1)* Kunming 68 8 Hill Crest Residence (Ph 2)^ Kunming 24 44 40 La Quinta II* Kunming 18 6 Total 1,117 4,104 4,367 *Balance units ^New launches 51

Residential Launches –Other Overseas

Units to Launch Project Location 4Q13 2014 2015 Vietnam The Estella (Ph 1), Dist 2* HCMC 18 125 ‐ Riviera Point, Dist 7* HCMC ‐ 200 239 Dong Nai Waterfront City ^Dong Nai ‐‐100 Riviera Cove, Dist 9* HCMC 5517 South Rach Chiec, Dist 2^ HCMC ‐ ‐ 100 Villa Development, Saigon South^ HCMC ‐‐30 Casuarina Cove, Dist 9^ HCMC ‐‐50 Thailand Villa Arcadia Srinakarin (Ph 1)* Bangkok 17 ‐‐ Villa Arcadia Srinakarin (Ph 2)^ Bangkok 43 54 47 Villa Arcadia Watcharapol (Ph 1)* Bangkok 17 ‐‐ Villa Arcadia Watcharapol (Ph 2)^Bangkok ‐ 35 72 India Elita Garden Vista* Kolkata 64 227 150 Elita Horizon^ Bangalore ‐ 300 240 Sri Lanka Residential Development^ Colombo ‐ 140 100 Total 164 736 695

*Balance units ^New launches 52

26 Completed Projects –Overseas

Units Units Sold as at Projects Completed in 2013 Completed end‐Oct 2013 3Q2013

The Springdale Plot 2‐1, Shanghai, China 502 499

Jakarta Garden City Ph 1 (Balance units), Indonesia^ 15 13

2Q2013

8 Park Avenue Ph 4 and 5 ‐ Shanghai, China 260 90

1Q2013

The Botanica Ph 6 ‐ Chengdu, China 1,248 1,248

^Divestment of Jakarta Garden City completed in end‐Nov 2013

Expected Completion ‐ Launched Projects

Total Expected Period of Units Sold as at Area Sold as at Projects/ phases launched Units Completion * end‐Sep 2013 end‐Sep 2013 (sm)

China The Springdale, Shanghai, Plot 3‐4 252 4Q13 252 22,120 Stamford City, Jiangyin, Ph 2 (Blk 5) 155 4Q13 21 5,586 The Botanica, Chengdu, Ph 7 2,084 1Q14 1,604 146,713 Stamford City, Jiangyin, Ph 3 (Blk 10 & 11) 208 3Q14 107 16,471 Park Avenue Heights, Chengdu, Ph 1 575 3Q14 210 20,705 Park Avenue Heights, Chengdu, Ph 2B 220 4Q14 14 1,712 Stamford City, Jiangyin, Ph 3 (Blk 9) 408 1Q15 111 11,282 Vietnam Riviera Point –Ph 1A 549 4Q14 117 14,522 India Elita Garden Vista, Ph 1 688 4Q13 629 93,520 Thailand

Villa Arcadia Srinakarin Ph 1 209 2Q14 192 60,095

Villa Arcadia Srinakarin Ph 2 156 2Q17 12 3,896

Villa Arcadia Watcharapol Ph 1 45 2Q15 28 9,333

*As at end‐Sep 13

27 Expected Completion ‐ Upcoming Launches

Projects/ phases No. of Units Expected to be Completed* Location to be launched 4Q13 2014 2015 China 8 Park Avenue Shanghai ‐‐118 The Springdale Shanghai ‐ 494 81 Seasons Residence Shanghai ‐ 701 486 Waterfront Residence Nantong ‐ 157 388 Central Park City Wuxi ‐‐1,494 Waterfront Residence Wuxi ‐‐635 Stamford City Jiangyin ‐‐161 Park Avenue Heights Chengdu ‐ 240 520 Hill Crest Villa Chengdu ‐ 98 65 Landed Devt Chengdu ‐‐84 Serenity Villa Tianjin ‐ 340 ‐ Seasons Park Tianjin Eco‐City ‐ 567 ‐ Seasons Garden Tianjin Eco‐City ‐‐270 Integrated Marina Lifestyle Devt Zhongshan ‐ 60 30 Hill Crest Residence Ph 2 Kunming 33 97 ‐ *As at end‐Sep 13. Subject to changes.

China

Participate in Model of Sustainable Development in Tianjin Eco‐City

36.6‐ha site in the Start‐Up Area DlDevelopment s in the 36.6 ‐ha site in the Start‐Up Area (4 sq km)

• Residential : 4,354 units

‐ Seasons Park (1,672 units) : About 80% of 1,105 launched units sold as at end 25 Nov 13

‐ Seasons Garden : Launched in August

• Commercial : Seasons City (GFA : 162,000 sm)

• Recently acquired a 10.4‐ha residential site for development of about 350 landed homes

28 China

Tianjin Eco‐City Shareholding Structure^ KLL owns an effective 15.75% stake in Tianjin Eco‐City project More than 900 companies have invested, with total registered capital of RMB60b

Keppel Corporation Keppel Land Singbridge Int’l S’pore 65% 35%

90% 10%

Chinese Consortium Singapore Consortium 50% 50%

Tianjin Eco‐City (JV) Registered Capital : RMB 4 billion

^ Summarised graphical representation and not the legal representation of the shareholding structure

Indonesia

Seek Tenants for International Financial Centre Jakarta Tower 2

Capitalise on strong rental demand and limited Grade A supply • Only 2 new Grade A developments to be completed until 2016

Details

Jalan Jendral Sudirman Location (In the heart of CBD) GFA About 64,900 sm Expected Compliletion 2H15 Sustainable First in Indonesia to Development achieve BCA Green Mark Platinum Award

29 Vietnam

Saigon Centre Ph 2 to Meet Demand for Grade A Retail Space

Well‐located : Along Le Loi Boulevard in CBD Retail mall : 30% pre‐committed by Takashimaya • HCMC ranked 15th top target for new retail entrants globally^

Saigon Centre Ph 2 Details Saigon Centre Retail : 50,000 sm Office : 40,000 sm GFA Luxury serviced apartments : 200

Expected Completion 1H16 (retail podium)

Sustainable Development BCA Green Mark Gold

^Source : CBRE

Sustainability Milestones

Year Key Sustainability Milestones

2007 Environment Management Committee (EMC) formed to implement eco‐initiatives for new and existing projects, ISO14000 Environmental Management System, Eco‐Office and Go Green with Keppel Land outreach programmes 2008 Started first phase of ISO 14001 – Achieved certification for property development operations in Singapore, China and Vietnam and property management in Singapore Achieved Eco‐Office certification by Singapore Environment Council 2009 Ocean Financial Centre became the first office development in Southeast Asia to achieve LEED Platinum Published first GRI‐accredited Sustainability Report 2010 Attained BCA Green Mark Gold Award for all completed commercial properties in Singapore 2011 EMC renamed as CSR Committee to include more community focus and projects Embarked on ISO18001 Occupational health & Safety Management System Adopte d ISO 26000 GidGuidance on SilSocial Respons ibility Joined UN Global Compact 2012 Embarked on development of a Sustainability Data Management System Became Corporate Advisory Board Member of the World Green Building Council 2013 Adopted Jurong Lake Tie‐up with Singapore International Foundation on Water for Life (Yangon) project

30 Sustainability Targets

Environmental Targets Carbon Management Plan

Source at least 40% of construction Reduce carbon emissions intensity by 16% materials regionally from within 1,000 km from 2010’s levels by 2020

Use at least 30% of building materials with • Potential savings of about $18.3m up to low emissions or recycled content 2020 and $4.8m p.a thereafter

Ensure at least 70% of the GFA is well‐lit by natural light

At least 20% and 40% of the total site area of commercial buildings and residential developments to be covered by vegetation e.g. green roofs and walls

Environmental Vision, Policy and Principles

Environmental Vision Environmental Policy

To be a premier developer committed to Keppel Land is committed to establish and designing, building and operating properties maintain high standards of environmental that harmonise with the environment and protection and will continually innovate to enhance the quality of life of the communiiities improve our enviilronmental performance. in which we operate. We strive to introduce environmentally‐friendly designs and processes in the development and Key Eco‐Principles management of properties so that they would have minimal adverse impact on the ECOllaboration ‐ Work with stakeholders, environment and prevent pollution. policy‐makers and decision‐makers to build a greener future. We shall subscribe to best practices as well as ECOnomy ‐ Balance commercial viability and comply with applicable legislations and other environmental sustainablbility. relevant requirements. ECOmmitment ‐ Promote environmental We shall devote resources towards setting, awareness and support green initiatives. reviewing and achieving our environmental ECOmmunity ‐ Create sustainable objectives and targets, and communicate our developments for future generations. commitment to our stakeholders.

31 Corporate Awards

Singapore Corporate Governance Award (Merit) SIAS Investors’ Choice Awards 2013 Runner‐up for Most Transparent Company (Real Estate) Marina Bay Suites : Best Condominium (Singapore and SEA) South East Asia Property Awards 2013 Marina Bay Financial Centre : Best Commercial Devt (SEA) Best Office/Business Developer in Singapore Best Developer, Best Residential Developer, Best Office/Business Euromoney Real Estate Awards 2013 Developer and Best Mixed‐Use Developer in Vietnam Best Residential Developer in Indonesia Governance and Transparency Index 2013 Ranked 5th out of 664 companies assessed Grand Prix winner for Best Overall Investor Relations for small or IR Magazine South East Asia Awards 2012 mid cap companies Mature Markets –Best Property Development Organisation APREA Best Practices Awards 2013 (Merit) and Accounting and Financial Reporting Category (Merit)

Product Excellence Awards

National Parks LEAF Award 2013 Corals at Keppel Bay : LEAF certification

FIABCI Prix d'Excellence Awards 2013 Reflections at Keppel Bay : Gold Winner (Residential High‐Rise)

Marina Industries Association Marina at Keppel Bay : International Marina of 2013‐2014 and Australia Awards 2013 Best Environmental Initiative

FIABCI Singapore Property Awards 2012 Reflections at Keppel Bay : Winner ‐ Residential High Rise category

International Property Awards 2012 Ocean Financial Centre : Best Commercial High‐rise Development

Ocean Financial Centre : Best Commercial High‐rise Development Asia Pacific Property Awards 2012 (Asia Pacific), Best Office Architecture and Best Office Development in Singapore

International Architecture Award 2012 Reflections at Keppel Bay : One of only 2 Singapore projects to win

32 Sustainaility Awards

Singapore Sustainability Awards 2013 Top Honour for Sustainable Business Awards Dow Jones Sustainability Index (DJSI) 2013 World Index and Asia Pacific Index Global Real Estate Sustainability Benchmark 2013 Asia’s Regional Sector Leader (Office) Singapore Compact CSR Awards 2013 Green Champion Award Singapore Environmental Achievement Awards 2013 Winner in the Services category ASEAN Business Awards 2013 Most Admired ASEAN Enterprise in the CSR category Workplace Safety and Health Awards 2013 Workplace Safety and Health Developer Award Features the top 15% of about 3,000 companies The Sustainability Yearbook 2013 worldwide in sustainability leadership 38 BCA Green Mark Awards Latest : GoldPLUS ‐ The Glades and Corals at Keppel Bay