The directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended December 31st 2010:

1. Net profit before exceptional items improved 12% to SGD 1,419 million as compared to SGD 1,265 million in FY 2009

2. Earnings per share of 88.7 cents, up by 12% from 79.4 cents in FY 2009

3. ROE remained above 20%

4. Economic Value Added before exceptional items increased from SGD 1,026 million to SGD 1,035 million

5. Total cash dividend increased to 42 cents per share, comprising a final dividend of 26 cents and an interim dividend of 16 cents already paid

6. Bonus issue to shareholders of one bonus share for every 10 existing shares

7. Cash outflow of SGD 310 million

8. Net cash of 0.02x as compared to 0.14x in 2009

Mr Choo Chiau Beng CEO of Keppel Corporation Limited said that "The global economy ended 2010 on a mixed note. There continues to be uncertainty over whether the US recovery can be sustained. Consumer and business spending have improved but job creation has been sluggish. Europe is not yet out of the woods as it is still grappling with serious sovereign debt issues after several bailouts fail to restore confidence in the euro."

He added that "On a brighter note, Asia has continued to lead the global economic recovery and is expected to remain resilient this year despite signs of inflation. China posted 10.3% growth in 2010, with growth in 2011 expected to be lower but still healthy at 8.7%. India's economy has continued to do well, with growth of nearly 9% expected for 2010-11. Singapore's dramatic growth of 14.7% last year coming from a low base will be moderated in 2011."