As the Offeror has received valid acceptances pursuant to the Offer which, together with the

Market Purchase Shares

already held by the Offeror, SLPL and AIPL as at the date of the Offer), the Offeror is entitled

to, and it intends to exercise, its right under Section 215(1) of the Act to compulsorily acquire

those Offer Shares not acquired by it pursuant to the Offer at a cash consideration equivalent

to the Offer Price of S$1.73 for each Offer Share.

In this connection, DBS Bank will be despatching to Shareholders who have not validly

accepted the Offer as at the close of the Offer at 5.30 p.m. on the Final Closing Date, a letter

with regard to the Offeror?s exercise of its right of compulsory acquisition under Section

215(1) of the Act as well as the rights of Dissenting Shareholders under Section 215(3) of the

Act, together with the relevant forms prescribed under the Act, in due course.