Singapore eDevelopment Limited provided earnings guidance for the year ended December 31, 2014. For the year, the group expects to report a loss in its unaudited financial results for fiscal year 2014. Based on preliminary financial figures, the loss expected to be reported in fiscal year 2014 is primarily attributed to: losses incurred by its legacy construction business, prior to the disposal of CCM Industrial Pte.

Ltd. in May 2014; losses and provision made arising from claims against corporate indemnities previously issued to its legacy construction business; and non-cash fair value adjustment of embedded financial derivative arising from the issuance of exchangeable notes.