Keppel Land : Notice of Books Closure for Proposed Selective Capital Reduction

Blank KEPPEL LAND LIMITED

(Incorporated in Singapore) (Company Registration No. 189000001G)

ANNOUNCEMENT NOTICE OF BOOKS CLOSURE FOR PROPOSED SELECTIVE CAPITAL REDUCTION

1. INTRODUCTION

   The Board of Directors (the "Board") of Keppel Land Limited (the "Company") refers to the selective capital reduction exercise (the "Selective Capital Reduction") to be carried out by the Company pursuant to Section 78G of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), which will involve a cash distribution (the "Cash Distribution") by the Company to shareholders of the Company other than Keppel Corporation Limited ("Participating Shareholders"), of S$47,911,431.84, or S$4.24 in cash for each ordinary share in the issued share capital of the Company ("Share") held by each Participating Shareholder as at the Books Closure Date (as defined below) that is cancelled as a result of the Selective Capital Reduction. At the extraordinary general meeting of the Company held at

   5.00 p.m. on 13 April 2016, the Shareholders have approved the Selective Capital Reduction.

   Unless otherwise defined, all capitalised terms used herein shall bear the same meanings ascribed to them in the circular to Shareholders dated 22 March 2016.

2. NOTICE OF BOOKS CLOSURE

   Notice is hereby given that subject to approval and confirmation by the Court of the Selective Capital Reduction, the transfer books of the Company and the Register of Members will be closed from 5.00 p.m. on 6 May 2016 (the "Books Closure Date") for the purpose of determining the entitlements of the Participating Shareholders to the Cash Distribution under the Selective Capital Reduction. Participating Shareholders registered in the Register of Members as at the Books Closure Date will be entitled to receive S$4.24 for each Share registered in their respective names as at the Books Closure Date.

3. ADMINISTRATIVE PROCEDURES FOR THE SELECTIVE CAPITAL REDUCTION

   Payment of the Cash Distribution pursuant to the Selective Capital Reduction would be made in the following manner:

4. Participating Shareholders who hold Shares registered in their own names in the Register of Members as at the Books Closure Date will have the cheques for payment of their entitlements to the Cash Distribution despatched to them by ordinary post at their Registered Addresses within seven (7) Business Days of the Effective Date; and

5. a Participating Shareholder who wishes to record any change in his Registered Address should notify the Share Registrar, KCK CorpServe Pte. Ltd., at 333 North Bridge Road, #08-00 KH KEA Building, Singapore 188721, or at + 65 6837 2133, of such change before the Books Closure Date.

6. RESPONSIBILITY STATEMENT

The directors of the Company (including any who may have delegated detailed supervision of the preparation of this announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly.

Where any information in this announcement has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the Company has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this announcement.

BY ORDER OF THE BOARD OF

KEPPEL LAND LIMITED

Marc Tan

Company Secretary

Singapore 28 April 2016