MEDIA RELEASE

20 Mar 2006


LIQUIDITY OF SINGTEL STOCK FURTHER ENHANCED
Temasek Offer of SingTel Shares

Singapore, 20 March 2006 – Temasek Holdings (“Temasek”) is placing out approximately 770 million ordinary shares of SingTel representing approximately 4.6% of the outstanding shares of SingTel. Temasek’s shareholding in SingTel was 61.0% prior to this offering.

Ms Leong Wai Leng, Chief Financial Officer, Temasek said, “This offering will further improve the free float. This improved liquidity will enhance SingTel’s institutional investor base. The additional liquidity and broader base of institutional shareholders are expected to benefit all shareholders.”

Goldman Sachs (Singapore) Pte. has been appointed as the bookrunner for this offering.

 

For media enquiries, please contact:

Serene Lee
Associate Director, Corporate Communications
Temasek Holdings (Pte) Ltd
Tel: (65) 6828 6765
Mobile: (65) 9692 0918
Email: serenelee@temasek.com.sg

 

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 SingTel intends to register any portion of the placement in the United States or to conduct a public offering of the SingTel shares in the United States.