Oversea Chinese Banking : Notice of Redemption - 4.0% Non-Cumulative Non-Convertible Class M Preference Shares

(Incorporated in Singapore) (Company Registration No. 193200032W)

Oversea-Chinese Banking Corporation Limited ("OCBC Bank") will be redeeming the Preference Shares, which are presently listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 17 January 2018, in accordance with Article 7M(4)(a) of the Constitution of OCBC Bank. Holders of the Preference Shares will receive the redemption amount (the "Redemption Amount"), which is equal to the liquidation preference of S$1.00 per Preference Share (the "Redemption Proceeds"), and any accrued but unpaid dividends (the "Final Preferential Dividend").

Key Dates

The Preference Shares will be delisted from the SGX-ST on 18 January 2018 at 9.00 a.m.

The record date to determine entitlement to the Redemption Proceeds as well as the Final Preferential Dividend will be on 10 January 2018 at 5.00 p.m.

Redemption Amount

Shareholders on the Register at 5.00 p.m. on 10 January 2018 will be entitled to:-

• Redemption Proceeds of S$1.00 per Preference Share; and

• Final Preferential Dividend of S$1.00 x 4.0% x 28/365 per Preference Share.

The Redemption Amount will be paid on 17 January 2018. The Redemption Amount will be paid by OCBC Bank to The Central Depository (Pte) Limited which will in turn distribute the Redemption Amount to holders of the Preference Shares.

Issued by

4 December 2017