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Media Release Keppel Land China Secures Prime Landed Residential

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Media Release Keppel Land China Secures Prime Landed Residential Media Release Keppel Land China secures prime landed residential site in Shanghai Acquisition is in line with the Company’s strategy to strengthen foothold in high-growth cities in China Singapore, 18 June 2013 – Keppel Land China Limited (Keppel Land China) has acquired a prime 17.5-ha residential site in Shanghai’s Sheshan area for RMB1,330 million (approximately S$266 million) for the development of approximately 200 landed homes. Mr Ang Wee Gee, Chief Executive Officer of Keppel Land Limited (Keppel Land) and Executive Vice Chairman of Keppel Land China, said, “China is one of Keppel Land’s core markets and we are committed to strengthening our foothold in high-growth cities, such as Shanghai, where we have an established presence. “The new development will be Keppel Land China’s ninth project in the fast-developing city of Shanghai. The residential site is located within the established Sheshan area and is well-served by major transportation networks. Given its strong site attributes, we are confident that we will see positive demand from discerning and affluent homeowners who aspire to own well-designed and top quality homes in Shanghai.” The newly secured site in Sheshan Town will comprise about 200 landed homes ranging from 250 to 350 sm. When completed, residents can look forward to amenities including a clubhouse with full facilities as well as an auxiliary retail component within the development. The first phase of homes is expected to be launched in the second half of 2014. The site is about 20 km from the Shanghai Hongqiao International Airport and 32 km from the city centre. It also enjoys convenient access to the A9 expressway and is just three km from Metro Line 9 Sheshan Station. The site is located about 11 km southwest of Villa Riviera, Keppel Land China’s first villa project in Shanghai. Future homeowners will be able to enjoy picturesque views of the Sheshan National Forest Park, as well as a wide range of leisure amenities including the renowned Sheshan International Golf Club, which is less than two km away, the Le Royal Méridien Hotel, Sofitel Country Hotel, Happy Valley Amusement Park and Moon Lake Park. According to the Shanghai Statistic Bureau, Shanghai’s GDP grew 7.8% to RMB 493.7 billion in the first quarter of 2013, higher than the national GDP growth of 7.7% for the same period. In 2012, Shanghai recorded a positive GDP growth of 7.5% to RMB 2,010 billion. In a report by Forbes in March 2013, Shanghai is said to be the London of Asia where the top 1% of China lives. Described as a world-class city, Shanghai is predicted to become the New York of Asia within 15 years. The Shanghai Statistic Bureau reported that in 2012, Shanghai’s urban fixed investment grew 3.7% to RMB 525.4 billion, supported by higher growth of real estate investment of 5.9% year-on-year (y-o-y) to RMB 240 billion, while foreign direct investment grew 11.1% to USD 20.7 billion. The urban disposal income per capita in Shanghai has also grown at an average of 8.5% annually since 2008. In 2012, the urban disposable income per capita in Shanghai grew 10.9% y-o-y to RMB 40,188. Keppel Land China’s projects in Shanghai include the Park Avenue precinct in the Jingan District, which comprises One Park Avenue, which is fully sold, 8 Park Avenue and Park Avenue Central, as well as The Springdale in Xinchang Town, Pudong District, Seasons Residence in Nanxiang Town, Jiading District, and Villa Riviera, a villa development in Qingpu District. Keppel Land China also owns a stake in Life Hub @ Jinqiao, a retail development in Pudong District. The Company also developed Ocean Towers, an office development in the prime commercial Huang Pu District. The above transaction is not expected to have any significant impact on the net tangible asset per share or earnings per share of Keppel Land Limited for the current financial year. Chinese Glossary Ang Wee Gee, Chief Executive Officer 吉宝置业总裁兼吉宝置业中国执行副主席洪伟义 of Keppel Land and Executive Vice Chairman of Keppel Land China Sheshan Town 佘山镇 Songjiang District 松江区 About Keppel Land China Keppel Land China Limited (Keppel Land China) is a wholly-owned subsidiary of Singapore-based Keppel Land Limited (Keppel Land), which is the property arm of the Keppel Group. Keppel Land is one of the largest property companies by total assets on the Singapore Exchange. The Company focuses on a two-pronged strategy of property development for sale and property fund management. One of Asia's premier property developers, Keppel Land is recognised for its sterling portfolio of quality award-winning residential developments and investment-grade commercial properties, as well as high standards of corporate governance and transparency. Keppel Land China is focused on developing township, residential, waterfront, commercial and mixed-use developments in China. Over the years, the Company has been expanding its footprint in China to over 10 cities. To date, Keppel Land China has over 20 projects with a total GFA of 7.7 million sm, which translates to over 42,000 homes. Keppel Land China is also an investor as well as developer cum project manager for the Keppel Group development in the landmark Singapore-China government project, the Sino-Singapore Tianjin Eco-City. For more information, please contact: Media Relations Investor Relations Frances Teh Serena Toh Assistant Manager General Manager Group Corporate Communications Investor Relations & Research Keppel Corporation Keppel Land Tel: 6413 6437 / 9842 6853 Tel: 6433 7546 Email: [email protected] Email: [email protected] .
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