• 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 August 2015

(b)

Purpose of the transfer

Exercise of share options pursuant to

KCL Share Option Scheme

(c)

Number of treasury shares transferred

4,400

(d)

Number of treasury shares before transfer

1,890,685

Number of treasury shares after transfer

1,886,285

(e)

Percentage of the number of treasury

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

0.104%

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

0.104%

(f)

Value of the treasury shares transferred

S$34,732.51

By Order of the Board

Caroline Chang/Kelvin Chua

Company Secretaries

4 August 2015

Notes:
(1) The percentage is calculated based on 1,816,019,495 issued shares (excluding 1,890,685 treasury shares) in the capital of
KCL as at 4 August 2015.
(2) The percentage is calculated based on 1,816,023,895 issued shares (excluding 1,886,285 treasury shares) in the capital of
KCL as at 4 August 2015.

distributed by