DISCLOSURE IN COMPLIANCE WITH RULE 704(29) OF THE LISTING MANUAL - GRANT OF CONTINGENT AWARDS OF SHARES PURSUANT TO THE KLL RESTRICTED SHARE PLAN
In accordance with Rule 704(29) of the Listing Manual, Keppel Land Limited (the "Company") hereby discloses the details of the grant of contingent awards of shares ("Awards") pursuant to the KLL Restricted Share Plan ("RSP") as follows:

1.

Date of grant of Awards

31 March 2014

2.

Number of shares which are the subject of the Awards

1,123,000 shares

3.

Market price of the Company's securities on the date of grant

$3.34

4.

Vesting and release of the Awards

33⅓% in 2015, 33⅓% in 2016 and 33⅓%

in 2017.

The release of shares which are the subject of the Awards is subject to the achievement of certain pre-determined performance conditions and time conditions as determined by the Remuneration Committee or otherwise in accordance with the rules of the RSP.

By Order of the Board
Choo Chin Teck
Company Secretary
31 March 2014

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