Keppel : Infrastructure Trust Unaudited Results for the Fourth Quarter and Full Year Ended 31 December 2019

The Directors of Keppel Infrastructure Fund Management Pte. Ltd., as Trustee-Manager of Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the fourth quarter and full year ended 31 December 2019.

Keppel Infrastructure Trust achieves a 33.7% YoY increase in distributable cash flow for FY 2019

Results Highlights

• Distributable cash flow (DCF) for the full year ended 2019 (FY 2019) was $188.7 million¹, a 33.7% year-on-year (YoY) increase from FY 2018
• Distribution per Unit (DPU) for FY 2019 was 3.72 cents, translating to a distribution yield of 6.9%²
• Completed the divestment of Keppel Infrastructure Trust (KIT)'s 51% stake in DataCentre One in October 2019

¹_{Excludes Basslink as KIT does not depend on Basslink's cash flows for distribution}

²_{Based on the market closing price per Unit of $0.540 as at 31 December 2019}