DEED OF INDEMITY AMALGAMATION OF WHOLLY-OWNED SUBSIDIARIES

Keppel Corporation Limited (the "Company") wishes to announce that KS Investments Pte Ltd, which is wholly-owned by the Company through Keppel Offshore & Marine Ltd, has completed an amalgamation of its wholly-owned subsidiaries, Prime Steelkit Pte Ltd and Keppel Singmarine Pte Ltd ("Keppel Singmarine"), pursuant to Section 215D of the Companies Act (Chapter 50 of Singapore), with Keppel Singmarine continuing as the surviving entity (the "Amalgamation").
The Amalgamation was undertaken to streamline the operations of Keppel Singmarine. The
Amalgamation is effective from 1 July 2015.
The Amalgamation is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the current financial year.

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