DBS BANK LEAD MANAGES UP TO US$160 MILLION FLOATING RATE NOTE ISSUE BY WISMA (S) LIMITED

DBS Bank is pleased to announce the terms of an up to US$160 million Floating Rate Note issue by Wisma (S) Limited, and the successful placement of the first series of US$80 million. The issue was priced using a bookbuilding process.

The Notes, with a tenure of 3 years, bear interest of 3 month LIBOR + 0.90%, and were issued at an issue price of 100%. The Notes are guaranteed by Wisma Development Pte Ltd.

DBS Bank is the lead manager for the issue. The Notes have been sold to institutional and sophisticated investors in Asia by the placement managers, DBS Bank and Emirates Financial Services PSC.

Wisma (S) Limited (the "Issuer") is a special purpose vehicle which is wholly owned by Wisma Development. Wisma Development, which owns about 68% of the strata floor area of the Wisma Atria office cum shopping complex in Orchard Road, is in turn ultimately owned by Emirates Bank International PJSC, a leading financial services group in the United Arab Emirates.