WBL Corporation Ltd : Dealing Disclosure

by

for and on behalf of

(Incorporated in Singapore) (Company Registration No.: 188700008D)

to acquire all of the issued ordinary stock units in the capital of

(Incorporated in Singapore) (Company Registration No.: 191200028Z)

other than those already owned, controlled or agreed to be acquired by The Straits Trading
Company Limited and parties acting in concert with it

The board of directors of The Straits Trading Company Limited ("Offeror") refers to the offer announcement dated 16 January 2013 (the "Offer Announcement") in relation to the mandatory conditional offer by the Offeror to acquire all of the issued ordinary stock units (the "Stock Units") in the capital of WBL Corporation Limited (the "Company") other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with the Offeror.
All capitalised terms used and not defined herein shall have the same meanings given to them in the Offer Announcement.

The Offeror has been informed by its associates, Aberdeen Asset Management Asia Limited and Aberdeen Asset Management PLC (collectively, "Aberdeen")1, of the following dealings in Stock Units by Aberdeen in their capacity as fund manager and agent for their clients and in accordance with Rule 12.1 of the Singapore Code on
Take-overs and Mergers wishes to report the same (the "Transaction"):

1 For the avoidance of doubt, Aberdeen is not a concert party, nor is it deemed a concert party, of the Offeror under the Singapore Code on Take-overs and Mergers.

1

Prior to the Transaction, Aberdeen and the investment accounts under the discretionary management of Aberdeen, owned or controlled or had agreed to acquire an aggregate of 49,000 Stock Units, representing approximately 0.02 per cent. of the total number of Stock Units.
Following the Transaction, as at 28 January 2013, Aberdeen and the investment accounts under the discretionary management of Aberdeen, owned, controlled or had agreed to acquire an aggregate of 87,000 Stock Units, representing approximately
0.03 per cent. of the total number of Stock Units.

The directors of the Offeror (including any who may have delegated detailed supervision 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 has been extracted from published or publicly available sources (including, without limitation, in relation to the Company), the sole responsibility of the directors of the Offeror 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.
Issued by

For and on behalf of

29 January 2013

2 For the purposes of this Announcement, the issued Stock Units comprise 271,618,457 Stock Units (based on information extracted from the Accounting and Corporate Regulatory Authority of Singapore on 25 January 2013).

2

distributed by