• 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

29 July 2015

(b)

Purpose of the transfer

Exercise of share options pursuant to

KCL Share Option Scheme

(c)

Number of treasury shares transferred

13,100

(d)

Number of treasury shares before transfer

578,785

Number of treasury shares after transfer

565,685

(e)

Percentage of the number of treasury

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

0.032%

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

0.031%

(f)

Value of the treasury shares transferred

S$111,100.19

By Order of the Board

Caroline Chang/Kelvin Chua

Company Secretaries

29 July 2015

Notes:
(1) The percentage is calculated based on 1,817,331,395 issued shares (excluding 578,785 treasury shares) in the capital of KCL
as at 29 July 2015.
(2) The percentage is calculated based on 1,817,344,495 issued shares (excluding 565,685 treasury shares) in the capital of KCL
as at 29 July 2015.

distributed by