Keppel Land Ltd. will propose amendments to company's Articles of Association at its EGM held on April 19, 2013.

Keppel Land Limited has received the bids for a prime residential site at Kim Tian Road located next to Tiong Bahru MRT station for $550.28 million. When awarded the site by the Urban Redevelopment Authority (URA), the company plans to develop about 500 homes, ranging between 500 sf and 1,350 sf in one- to four- bedroom configurations. Besides the site's proximity to the Tiong Bahru MRT station along the East-West line and future Havelock MRT station along the Thomson line, future residents will also benefit from the site's easy and seamless connectivity to the city and other parts of Singapore via major roads such as Zion Road and Havelock Road as well as expressways such as the Ayer Rajar Expressway and Central Expressway. A wide range of shopping, dining and leisure amenities are a stone's throw away at Tiong Bahru Plaza, Tiong Bahru Food Centre, Tiong Bahru Conservation Area and Great World City. Families with school-going children will also appreciate the site's close proximity to Crescent Girls' School, Zhangde Primary School and Gan Eng Seng Secondary School. Future residents can look forward to enjoying the estate's unique mix of old- and new- world charms. One of Singapore's oldest residential neighbourhoods, Tiong Bahru exudes both nostalgia and trendiness through conserved Art Deco style shophouses, chic cafes and modern restaurants, all of which adds to the overall appeal of the neighborhood.

Keppel Land Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported sales of SGD 206,975,000, profit before taxation of SGD 93,030,000 and profit attributable to shareholders of the company of SGD 96,567,000 or 6.2 cents per basic and diluted share against sales of SGD 170,211,000, profit before taxation of SGD 179,022,000 and profit attributable to shareholders of the company of SGD 141,868,000 or 9.5 cents per basic and diluted share for the same period a year ago. Annualized return on equity was 6.3% against 6.8% for the same period a year ago. The lower profits from associated companies and jointly controlled entities for the quarter were due primarily to lower contribution from Reflections at Keppel Bay. Net cash flows used in operating activities was SGD 500,679,000 against SGD 322,471,000 for the same period a year ago. Purchase of fixed assets was SGD 2,049,000 against SGD 4,098,000 for the same period a year ago. Expenditure on investment properties was SGD 4,639,000 against SGD 746,000 for the same period a year ago. The higher net outflows arose mainly from the higher development expenditures incurred by the Group's trading projects. The improvement in revenue was mainly from the Property Trading, Hotels and Resorts and Fund Management segments, partly offset by lower revenue reported by the Property Investment segment. EBITDA was SGD 32,196,000 against SGD 34,938,000 for the same period a year ago.