2.5 times oversubscribed

Singapore, 24 June 2015 – Singapore Telecommunications Limited (Singtel) today announced that its wholly-owned subsidiary, Singtel Group Treasury Pte. Ltd. (SGT), priced US$500 million of 10 year notes (Notes) on 23 June 2015, guaranteed by Singtel. The issue of Notes was met with strong demand from a wide range of high quality investors. The order book closed after receiving interest of approximately US$1.25 billion and was 2.5 times oversubscribed by investors.

The Notes, which are US$-denominated, will carry a coupon of 3.25 per cent. per annum and is drawn down under SGT’s S$10 billion Euro Medium Term Note Programme guaranteed by Singtel (Programme). The Notes will mature in 2025.

This issue is part of the long-term financing strategy and extends the debt maturity profile of Singtel and its subsidiaries (collectively referred to as Singtel Group). The net proceeds from this issue will be applied by SGT to fund its ordinary course of business.

Ms Lim Cheng Cheng, Singtel Group Chief Financial Officer, said, “We are pleased to have received very keen support and interests from investors which reflected confidence in the Singtel Group’s strong credit quality.”

In line with Singtel’s current credit ratings, the Notes are rated Aa3 by Moody’s Investors Service, Inc. and A+ by Standard & Poor’s.

Application has been made for the listing and quotation of the Notes on the Singapore Exchange Securities Trading Limited (SGX-ST). Admission to the Official List of the SGX-ST and quotation of the Notes on the SGX-ST is not to be taken as an indication of the merits of SGT, Singtel, their respective subsidiaries and associated companies, the Programme or the Notes. The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein.

Citigroup Global Markets Singapore Pte. Ltd., The Hongkong and Shanghai Banking Corporation Limited, Mizuho Securities Asia Limited and Morgan Stanley Asia (Singapore) Pte. acted as Joint Lead Managers and Bookrunners.

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS

This announcement is not an offer for sale of securities in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), and may not be offered or sold in the United States or to or for the benefit of U.S. persons absent registration or an exemption from registration under the Securities Act. No public offering of securities is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited. Any public offering of securities to be made in the United States will be made by means of a prospectus or an offering circular that may be obtained from the issuer that will contain detailed information about the issuer and its management, as well as financial statements. FCA/ICMA stabilisation applies.