• NOTICE OF TRANSFER AND USE OF TREASURY SHARES

Pursuant to Rule 704(28) of the Listing Manual of the Singapore Exchange Securities Trading

Limited, Keppel Corporation Limited ("KCL") wishes to announce the following transfer and use of treasury shares:

(a)

Date of the transfer

4 May 2015

(b)

Purpose of the transfer

Vesting of shares pursuant to

KCL Restricted Share Plan

(c)

Number of treasury shares transferred

4,781

(d)

Number of treasury shares before transfer

97,709

Number of treasury shares after transfer

92,928

(e)

Percentage of the number of treasury

shares against the total number of issued shares before transfer (1)

0.005%

Percentage of the number of treasury shares against the total number of issued shares after transfer (2)

0.005%

(f)

Value of the treasury shares transferred

S$39,222.81

By Order of the Board

Caroline Chang/Kelvin Chua

Company Secretaries

4 May 2015

Notes:
(1) The percentage is calculated based on 1,817,812,471 issued shares (excluding 97,709 treasury shares) in the capital of KCL
as at 4 May 2015.
(2) The percentage is calculated based on 1,817,817,252 issued shares (excluding 92,928 treasury shares) in the capital of KCL
as at 4 May 2015.

distributed by