Oversea Chinese Banking : OCBC Group's Shareholdings in United Engineers Limited and WBL Corporation Limited

Oversea-Chinese Banking Corporation Limited ("OCBC Bank") and Great Eastern Holdings Limited ("GEH") refer to their joint announcement dated 26 September 2016 ("Announcement") in relation to their combined stakes in United Engineers Limited ("UEL") and WBL Corporation Limited ("WBL").

Further to the Announcement, OCBC Bank and GEH wish to announce that they have jointly appointed Credit Suisse (Singapore) Limited as their financial adviser in connection with the strategic review encompassing the whole of the combined stakes of OCBC Bank and GEH in UEL and WBL. Such strategic review is still ongoing and there is no certainty that the review will result in the completion of any transaction or other options.

Shareholders are advised to exercise caution when dealing in the shares of OCBC Bank or GEH and to refrain from taking any action in respect of their investments which may be prejudicial to their interests. In the event that shareholders wish to deal in the shares of OCBC Bank or GEH, they should seek their own professional advice and consult with their own stockbrokers.

OCBC Bank and GEH will, in compliance with applicable rules (including the Corporate Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further announcements as appropriate