NEWS RELEASE For immediate release

JTC Corporation The JTC Summit 8 Jurong Town Hall Road Singapore 609434 telephone (65) 1800 568 7000 facsimile (65) 6885 5875 web site http://www.jtc.gov.sg

JTC DIVESTS FIRST DCS TO KEPPEL INTEGRATED ENGINEERING

Singapore, 25 November 2009: SLI Holdings Pte Ltd, a wholly-owned subsidiary of JTC Corporation (JTC), has divested its subsidiary First DCS Pte Ltd (FDCS) to Keppel Integrated Engineering Limited. Set up in 1998, FDCS develops, manages and operates district cooling systems in a number of industrial and business park developments in Singapore.

2   The divestment of FDCS is part of JTC’s overall divestment exercise to enable the Corporation to better focus on being a strategic industrial infrastructure provider to support Singapore’s economic growth. It is also in line with the Government’s intent to divest functions which the private sector is capable of and is currently providing.

3   The sale of FDCS is expected to be completed by 3 December 2009.

About JTC Corporation

JTC Corporation (JTC) is the lead agency in Singapore to plan, promote and develop a dynamic industrial landscape, in support of the nation's economic advancement. Currently, the Corporation has under its management many developments including four wafer fab parks, an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries.

JTC also plays a catalytic role in introducing leading-edge real estate solutions - such as Seletar Aero+sPace; Jurong Rock Caverns; and specialised research facilities at one-north - to anchor important activities critical to the growth of the economy. The 200-hectare development at one-north, which houses the Biopolis, Fusionopolis and Mediapolis, provides a niche and creative R&D space within a work-live-play-learn setting

In line with its vision of making Singapore the choice investment location, JTC is committed to providing a pro-business environment for its customers and optimising land resources to meet the needs of industries and enterprises. For more information on JTC, please visit http://www.jtc.gov.sg

For further information, please contact:

Ms Sant Kaur
Senior Manager, Communications Division
JTC Corporation
Tel: 6883 3064
HP: 96457954

Media Hotline: 9673 8438