Recent Financial Performance

2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 Income Statement (S$ millions) Profit before allowances 872 942 1,161 1,024 782 Add: One-time gains1 - - - - 4 Less: One-time charges2 - - - 23 92 Net profit attributable to members 493 563 552 433 295 Balance Sheet (S$ millions) Total assets 258,644 259,470 262,948 273,252 256,718 Customer loans3 130,583 128,308 127,970 130,557 126,481 Customer deposits3 183,432 180,185 179,033 179,818 169,858 Total shareholders' funds 25,373 25,174 24,465 24,042 19,819 Per Share Data (S$)4 Per basic share - earnings 0.85 0.98 0.96 0.84 0.80 - earnings excluding one-time gains and charges 0.85 0.98 0.96 0.85 0.85 - net book value 10.85 10.76 10.45 10.27 10.25 Per diluted share - earnings 0.83 0.95 0.93 0.82 0.78 - earnings excluding one-time gains and charges 0.83 0.95 0.93 0.83 0.82 - net book value 10.65 10.57 10.27 10.10 10.14             Dividend 0.14 0.14 0.14 0.14 0.14             Selected Ratios (%) Net interest margin 2.02 2.03 2.01 1.99 2.04 Return on equity 7.8 9.1 9.1 8.0 7.6 Cost / income ratio 44.5 40.3 35.2 38.4 46.8 Capital Adequacy Ratios (%) Tier 1 13.1 12.5 12.6 12.5 10.1 Total 16.7 16.1 16.2 16.7 14.0

¹ One-time gains of $4 million (for sale of properties) were recorded in 2008Q4
² A charge of $45 million relating to an organisation restructuring was recorded in 2008Q4. Impairment charges of $23 million and $47 million for a Thailand investment were recorded in 2009Q1 and 2008Q4 respectively
³ Includes financial assets/liabilities at fair value through profit or loss
⁴ Per share data for 2008Q4 and preceding quarters adjusted for the rights issue announced on 22-Dec-08. An adjustment factor of 0.85 was applied based on the one-for-two entitlement and subscription price of $5.42 per rights share (a discount of approximately 45% to the pre-announcement closing price). Per share earnings are annualised.