DBS50 Index To Be Discontinued

SINGAPORE, NOV 1 - DBS Bank said today it will discontinue the DBS50 Index from December 1, 2001. The DBS50 Index was launched in 1989 to track the price performance of Singapore-incorporated companies listed on the Singapore Exchange. The market capitalisation-weighted index is made up of 50 representative stocks. DBS continually reviews how it can best add value to its customers and it was felt that the index no longer fulfilled this objective.

A list of the current 50 component stocks covered by DBS50 Index is provided in the Appendix.

Appendix

Component Stocks Of DBS50 Index

DBS 50 Component Stocks

1. Asia Pacific Breweries Ltd
2. CapitaLand Ltd
3. Cerebos Pacific Ltd
4. Chartered Semiconductor Mfg Ltd
5. City Developments Ltd
6. Comfort Group
7. Creative Technology Ltd
8. Cycle & Carriage Ltd
9. Datacraft Asia
10. DBS Group Holding
11. Elec & Eltek Int Co Ltd
12. Fraser & Neave Ltd
13. GP Batteries
14. Haw Par Corporation Ltd
15. Hong Leong Asia
16. Hong Leong Singapore Finance Ltd
17. Hotel Properties Ltd
18. Inchcape Motors Ltd
19. Informatics Holdings Ltd
20. Keppel Corporation Ltd
21. Keppel FELS Energy & Infr Ltd
22. Keppel Land Ltd
23. Kim Eng Holdings
24. Labroy Marine
25. Lindeteves-J
26. Marco Polo Developments Ltd
27. MCL Land Ltd
28. Natsteel Ltd
29. Neptune Orient Lines Ltd
30. OCBC Bank Ltd
31. Overseas Union Enterprise Ltd
32. Parkway Holdings Ltd
33. Raffles Holdings Ltd
34. Robinson & Company Ltd
35. SembCorp Industries Ltd
36. SembCorp Logistics Ltd
37. SembCorp Marine
38. Singapore Airlines Ltd
39. Singapore Land Ltd
40. Singapore Petroleum Co Ltd
41. Singapore Press Hldgs Ltd
42. Singapore Telecom Ltd
43. ST Engineering Ltd
44. SMRT Corporation Ltd
45. Times Publishing Ltd
46. United Overseas Bank Ltd
47. United Overseas Land Ltd
48. Venture Manufacturing
49. Wing Tai Holdings Ltd
50. Yeo Hiap Seng Ltd