Temasek Holdings (Pte) Ltd and PSA Corporation Ltd have appointed DBS Bank, Morgan Stanley Dean Witter and UBS Warburg as the global coordinators and bookrunners for PSA’s proposed initial public offering after presentations from several banks.  OUB has also been appointed as the co-lead manager for the Singapore retail tranche.

Dr Yeo Ning Hong, Chairman, PSA Corporation Ltd, said, “We are very pleased to be working with DBS Bank, Morgan Stanley Dean Witter, and UBS Warburg on our proposed initial public offering.  This offering is of strategic importance for PSA in accessing the domestic and international equity capital markets.  This is also an excellent opportunity to introduce to the public the company, its shareholder value focus and its financial and operational strengths.”

Further details in relation to the proposed initial public offering and the appointment of syndicate members will be announced, as and when appropriate.

End

Jointly issued by Temasek Holdings (Pte) Ltd and PSA Corporation Ltd

This announcement is not, and not intended to be, an offer of Securities for sale in the United States. Securities 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. There is not, and is not intended to be, a public offering of the Securities in the United States.

Not for Distribution in the USA, Canada, Japan and Australia.

CONTACT PERSONS:

Ms Pang Hui Siang   
Senior Corporate Communications Officer   
PSA Corporation Ltd 
Ph: (65) 6279 4074
Pager: 94987696
Email: hspang@hq.psa.com.sg

Ms Eva Ho
Manager, Corporate Communications
Temasek Holdings (Pte) Ltd
Ph: (65) 6828 6763
Pager: 94987696
Email: evaho@temasek.com.sg