Temasek Holdings Places Out 200 Million Capitaland Shares

MEDIA RELEASE

10 Aug 2005

Not For Distribution in the United States

TEMASEK HOLDINGS PLACES OUT 200 MILLION CAPITALAND SHARES

Singapore, 10 August 2005 - Temasek Holdings ("Temasek") has placed out 200 million ordinary shares in CapitaLand Limited ("CapitaLand") at S$2.90 per share, raising total proceeds of S$580 million. Resulting from this placement, Temasek's shareholding in CapitaLand has been reduced to 44.5%. Temasek remains the single largest shareholder of CapitaLand.

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For media enquiries, please contact:

Rachel Lin (Ms)
Associate Director
Corporate Communications
Temasek Holdings Pte Ltd
DID: (65) 6828 6766
Mobile: (65) 96661855
Fax: (65) 6828 6266

This announcement is not, and is not intended to be, an offer of securities for sale in the United States or in any other jurisdiction. The securities mentioned in this announcement may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. Neither Temasek nor CapitaLand intends to register any portion of the placement in the United States or to conduct a public offering of the CapitaLand shares in the United States.