ST Engineering's Land Systems Arm Sets Up Automotive And Specialty Vehicles Subsidiary In Yangon, Myanmar

Singapore, 19 November 2013 - Singapore Technologies Engineering Ltd (ST Engineering) announced today that its land systems arm, Singapore Technologies Kinetics Ltd (ST Kinetics) has through its wholly owned subsidiaries, Autonomous Technology Pte Ltd (ATPL) and Singapore Commuter Pte Ltd (SCPL), set up a wholly owned subsidiary, Kinetics Automotive & Specialty Equipment Co., Ltd (KASE) in Yangon, Myanmar, with a paid up capital of US$423,000 (S$524,000). ATPL holds 422,999 shares while SCPL holds 1 share in the capital of KASE.

KASE will serve as a platform to introduce and support ST Kinetics' automotive and specialty vehicles products and services in Myanmar's burgeoning economy, as part of its plan to grow its commercial business in the country. 

 The setting up of KASE is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year. 

 ST Kinetics (Singapore Technologies Kinetics Ltd) is the land systems and specialty vehicles arm of Singapore Technologies Engineering Ltd. It is one of Asia's leading land systems and specialty vehicles companies, delivering smart engineering solutions since 1967 for the commercial, defence and homeland security markets. With more than 7,000 employees worldwide and revenue of over S$1.53b in FY2012, ST Kinetics delivers products and solutions to end users in more than 40 countries around the world; helping to maintain the peace of nations and increasing the productivity of businesses involved in earthmoving, road construction and goods distribution. www.stengg.com.

ST Engineering(Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors.  Headquartered in Singapore, the Group reported revenues of S$6.38b in FY2012 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities.www.stengg.com.

Media contacts:         
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883
Mobile: (65) 9696 5453
Email: linapoa@stengg.com

Seng Woei Yuan
Head, Corporate Communications
ST Kinetics
Tel: (65) 6660 7449
Mobile: (65) 9842 2773
Email: sengwy@stengg.com

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