Microsoft Word - Acquisition of Units in Keppel REIT 29 Jan 2016



ACQUISITION OF UNITS IN KEPPEL REIT


Keppel Corporation Limited (the "Company") wishes to announce that its subsidiary, Keppel REIT Management Limited ("KRML"), has acquired 13,720,004 units in Keppel REIT ("Management Fee Units"). These Management Fee Units were issued to KRML as payment by Keppel REIT of 100% of the management fee due to KRML (as the manager of Keppel REIT) for the period from 1 October 2015 to 31 December 2015.


The Management Fee Units were issued at a price of S$0.9309 per unit which was arrived at based on the volume weighted average price for a unit in Keppel REIT for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the period of ten business days immediately preceding 31 December 2015, being the last business day for the period.


This mode of payment of the management fee in the form of units in Keppel REIT is in accordance with the provisions of the trust deed dated 28 November 2005 (as amended from time to time) constituting Keppel REIT.


With this transaction, the Company's interest in Keppel REIT has increased from approximately 45.88%* (comprising 1,475,682,436 units) to 46.11%** (comprising 1,489,402,440 units).


The above transaction is not expected to have any significant impact on the earnings per share and net tangible asset per share of the Company for the current financial year.


29 January 2016


Note:


* The percentage is calculated based on the total number of issued units in Keppel REIT of 3,216,124,466 units as at 27 November 2015.


** The percentage is calculated based on the total number of issued units in Keppel REIT of 3,229,844,470 units as at 29 January 2016.

Keppel Corporation Ltd. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 11:16:14 UTC

Original Document: http://www.kepcorp.com/en/download.ashx?id=9477