NOT FOR DISTRIBUTION IN THE UNITED STATES

Singapore

Temasek Holdings (“Temasek”) has successfully placed out approximately 339 million ordinary shares of SingTel at S$2.36 per share. Resulting from this, Temasek’s shareholding in SingTel will be reduced from 64.7% to 62.7%. This offering will improve the liquidity of SingTel’s stock and widen the stock’s institutional investor base, benefiting all SingTel investors. The shares have been placed out to institutional investors, raising a total of S$800m.

In January this year, Temasek offered S$1.6 billion of exchangeable notes due 2009 on shares of SingTel. If these exchangeable notes are fully converted, the public float of SingTel will increase to just over 40% with this latest offering. Temasek remains the single largest shareholder of SingTel.

THESE MATERIALS ARE 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. 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.

For media enquiries, please contact:

Eva Ho (Ms)
Director, Corporate Communications
Temasek Holdings (Pte) Ltd
Tel: (65) 6828 6763
Mobile: (65) 9617 6234
Email: evaho@temasek.com.sg
Website: www.temasek.com.sg