Singapore

Temasek Holdings (“Temasek”) wishes to announce that it has received an offer from 98 Holdings Pte Ltd (“98 Holdings”) to purchase its 7.9% stake in NatSteel at $2.05 per share. Temasek has decided to accept the 98 Holdings’ offer to purchase Temasek’s NatSteel shares as this remains the only general offer on the table with no other competing offer emerging. Temasek is satisfied that it has achieved its objective of realising fair value for its investment in NatSteel.

For media enquiries, please contact:

Eva Ho (Ms)
Director, Corporate Communications
Temasek Holdings (Pte) Ltd
DID: (65) 6828-6763
Fax: (65) 6828-6263
Mobile: (65) 9617-6234
Email: evaho@temasek.com.sg