Singapore, 3 August 2018, 11:30am – Temasek Holdings (Private) Limited (“Temasek”) has today established a new S$5 billion Guaranteed Medium Term Note Programme (the “Programme”), through its wholly-owned subsidiary, Temasek Financial (IV) Private Limited (the “Issuer”). When issued, the Notes will be unconditionally and irrevocably guaranteed by Temasek.

The Issuer may issue notes under the Programme (the “Notes”) from time to time. Today’s announcement relates to only the Programme being established. Notes are not being issued at this time. When Notes are issued, an additional announcement will be made detailing how to subscribe.

The Notes may be offered under:

(1) the exemptions in Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore, to institutional and/or other investors (or such equivalent terms in other jurisdictions);

(2) the framework for offer of notes provided for by Chapter 3, Part VI of the Listing Manual of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the Securities and Futures (Offers of Investments) (Exemption for Offers of Post-Seasoning Debentures) Regulations 2016 (the “Seasoning Framework”); or

(3) the Securities and Futures (Offers of Investments) (Exemption for Offers of Straight Debentures) Regulations 2016 (the “Exemption Regulations for Straight Debentures”).

Notes offered under the Seasoning Framework or the Exemption Regulations for Straight Debentures will comprise a public offer to retail investors in Singapore.

To be eligible to subscribe to any public offer, a retail investor in Singapore will need to have a CDP account. If an investor does not have a CDP account, please visit the CDP website  and follow the processes listed there to open an account. In order to trade, an investor will also need to link a trading account to their CDP account. Details on how to set up a trading account are available on the same page.

The net proceeds arising from the issuances of Notes under the Programme will be provided by the Issuer to Temasek and its investment holding companies to fund their ordinary course of business, or as may otherwise be disclosed in the relevant pricing supplement to any issue.

Application has been made to the SGX-ST for permission to deal in and for the quotation of any Notes, which are agreed at the time of issue to be listed on the SGX-ST.

Permission will only be granted when the Notes have been admitted to the Official List of the SGX-ST. Admission to the Official List of the SGX-ST and quotation of any Notes, which are agreed at the time of issue to be so listed on the SGX-ST, are not to be taken as an indication of the merits of the Issuer, Temasek, their respective subsidiaries (if any), their respective associates (if any), the Programme or such Notes. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein.

DBS Bank Ltd. has been appointed as the Arranger of the Programme. DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Standard Chartered Bank (Singapore) Limited and United Overseas Bank Limited have been appointed as Dealers of the Programme.

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This release is not an offer of securities for sale in the United States. The 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, as amended. No portion of the proposed offering is intended to be registered in the United States, and no public offering is intended to be conducted in the United States.