MEDIA RELEASE

Keppel Infrastructure Fund Management Pte Ltd

(in its capacity as Trustee-Manager of Keppel Infrastructure Trust)

(Co Reg No: 20080359H)

1 HarbourFront Avenue

#06-09 Keppel Bay Tower

Singapore 098632

Tel: (65) 6499 0599

Fax: (65) 62651953

Website: www.kepinfratrust.com

Keppel Infrastructure Trust raises S$525 million in Singapore's largest equity deal this year Singapore, 21 May 2015 - Keppel Infrastructure Fund Management, the Trustee-Manager of Keppel Infrastructure Trust (KIT) (formerly known as CitySpring Infrastructure Trust) is pleased to announce that it has raised S$525 million through a private placement and preferential offering to be conducted to finance the acquisition of a 51% stake in Keppel Merlimau Cogen Pte Ltd.

The private placement issue price has been fixed at S$0.52 per Placement Unit, being a discount of 6.15% to the adjusted volume-weighted average price(1), which excludes the special distribution of 1.05 cents per unit and the pre-equity fund raising stub distribution of
0.11 cents per unit, for which the private placement units are not eligible.
To reward existing unitholders and enable them to participate in the future growth of the trust, KIT will conduct a non-renounceable preferential offering under which existing unitholders will be entitled to subscribe to 1 new unit for every 13 units owned as at 28 May
2015 at 5.00 pm at a preferential offering price of S$0.515 per unit, which is at a discount to the private placement price.
This equity deal is the largest in the year to date in Singapore and represents approximately
36% of KIT's outstanding units before the equity fund raising exercise.
The private placement attracted strong institutional interest from new and existing investors, and was more than 2 times subscribed. Long only institutional and corporate investors were allocated approximately 75% of the private placement.
Mr Khor Un-Hun, CEO of Keppel Infrastructure Fund Management, the Trustee-Manager of KIT, said, "We are deeply encouraged by the strong investor interest in our equity fund raising. The increase in free float and institutional unitholder base will help KIT enhance the liquidity of its units and its ability to raise additional capital to finance future growth opportunities."

(1) Being the price of all trades on SGX-ST for the full market day on 19 May 2015 and on 20 May 2015 up until

9.33 am when it was halted for trading

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About Keppel Infrastructure Trust

Keppel Infrastructure Trust is a listed business trust that provides investors with the opportunity to invest in a large and well-diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment.
The Trust aims to provide long-term, regular and sustainable distributions to its Unitholders. For more information, please go to: www.kepinfratrust.com

For more information, please contact:

Ms Ivana Chua
Senior Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6436
Email: ivana.chua@kepcorp.com
Brian Higgs
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6426
Email: brian.higgs@kepcorp.com
This media release is also available at www.kepcorp.com, www.kepinfra.comand
www.kepinfratrust.com.

Keppel Infrastructure Trust is a business trust constituted by a trust deed dated 23 July 2009 under the laws of Singapore. Business Trust Registration Number 2010002

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