Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.

Asia Transaction Banking

Delivering Sustainable Returns

Tom McCabe Managing Director

27 March 2014

Strong revenue growth and operating leverage

(1) Profit before allowances

Revenue

2

47%

39% 35%

38%

2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2013

Expenses Profits (1) Cost to Income S$m

+26% CAGR +18% CAGR +32% CAGR +3% pt YOY

Balanced growth across products, segments and geographies

740

344 396

1,080

426

657

1,410

492

918

1,485

568

917

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13

177 180

356 330 354 370 356 325 300

240 216 193 189

396 369 364

Four years of consistent growth

Avg Quarterly Income (S$m)

Balances (S$b)

*Cash Revenue includes Securities & Fiduciary Services

Trade

Cash +23%

+28%

Deposits

Loans +46%

+22%

3

185

270

352 371

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13

14 18 18 20 23 30

40 45 47 53 50 52

58 59 63 63 52 56 58

65 67 73

81 82 87 85

94 95 95

109 115 119

Diversified earnings across segments and geographies

Commodities, MNC and Institutional Investors revenue grew at 40% CAGR

Revenue ex Singapore and Hong Kong at S$540m, up from S$212m in 2010

4

2010 2013

392

938 348

547

Revenue by Segments S$m

+16%

+34%

Small Medium Enterprises

Large Corporates

China +51%

CAGR

Indonesia

+34% CAGR

Hong Kong

+28% CAGR

Taiwan +42%

CAGR India

+28% CAGR

Singapore

+23% CAGR

Rest of World

+14% CAGR

Other Businesses

Institutional Bank ex GTS

GTS

2010 2011

S$b

2012 2013 2010 2011 2012 2013

Group Revenue Group Profit Before Allowances

Transaction Banking Contribution to Profits

5

4.1

18% 21% 15% 10%

42%

5.0

4.5 4.3

38% 35%

48% 44%

47% 48%

34%

51%

39%

17% 17% 14%

36% 34%

47%

49%

10%

38%

48%

7.6 7.1

8.9

8.1

2010-2011 2012-2013

2014

Launch New Products and Infrastructure

IDEAL 3.0 – Redefining Internet Banking

Commercialisation of new payment products

Liquidity Management Structures

Automate Risk tools

ERP Systems Capabilities

ROE Balance Sheet Strategies

Deepen Wallet Penetration

Regional Sales Team

Talent Development

Profitability, Sustainability and up-tiering Client Relationships

Deeper penetration into FI and MNC segments

Acquire more SMEs

Increase sales effectiveness

Accelerate Cash Management growth

Increase fee income

Diversify source of USD funding

Leverage technology to create scale

Advanced Working Capital Advisory

Decision Analytics

Talent development

Assess and address gaps

Strategy Development

Key Product Priorities

Technology Investments

10,000+ New Sales Calls

Alignment with RM Segments

Commodity Trade Finance

Geographic Expansion

Performance Mgt Tools

People Agenda: Skills, Expertise and Leadership

Our Journey becoming a Leading Transaction Bank

6

“Successfully upgraded its online banking platform to provide corporates with a faster and

simpler way to manage cash and

trade transactions…”

Recognized DBS IDEAL as a solution

that is “forward thinking, innovative

and pragmatic”

IDEAL 3.0 : DBS Award Winning Innovation

18,000 new sign ups in 2013

3 million payments per month

30,000 client enquiries daily

9,500 e Alerts sent daily, leveraging Push technology

7

Leading in “breadth of product

offerings, website design and

functionality..on DBS IDEAL”

50 Host to host clients China, India and Taiwan payments up 50% Launched Regional Credit Interest Optimization

and Cross Border Sweeping Complete suite of Supply Chain Financing solutions

New Payments, Liquidity Mgmt &

Supply Chain Financing

Capabilities

18 new multi-country mandates Complex clients 200+ accounts in 1 structure 192 clients >S$1m of annualized revenue Ability to support Regional Treasury centers

Regional Product & Sales Team

$5b assets sold across our network 40 active investors $24b new deposits; USD deposits grew 54% YOY Diversified funding base and improved ROE

Balance Sheet Efficiency

Best in Working Capital and Trade Finance in

Southeast Asia 2013

Ranked #1 in Liquidity Management Satisfaction 2011-2013

Best Global Cash Management Bank

in APAC (small corporates)

2013

Figures relate to 2013

Investing into high growth & high ROE revenue pools

8

Investing for Sustainability: “Fit for Growth”

Singapore -China Corridor

Simplified Chinese

申请表

2.5K RMB accounts opened

1st Bank Outside Europe to achieve

Crystal Mark for T&Cs

Online Account Opening

Increase operational efficiency

E-appointment for Branches

20% of branch account openings

Regional Account Opening

Forms

ST Connect: risk control and

monitoring system for Structured Trade

Finance

Upgrade of IMEX 6.5: Add supply chain module, improve

workflow and user experience

Enhancements to DBS IDEAL:

Login Monitoring, mChallenge

IDEAL eReports : Banking on the go

FactorPro : New ARP

transaction processing platform

IDEAL Connect, our point-to-point

secure file transfer solution

Integrated Payment Engine in

Hong Kong & SIngapore

SFS* efficiency improvement saves:

650,000 papers over 4,000 cust &

DBS hrs

20 Audits & regulatory inspection

completed in last 2 years

21 New Product Approvals

completed in last 2 years

9

*SFS refers to Securities & Fiduciary Services

SG HK CN IN ID1 1 1 1 1 1

2 1 1 1 0 0

3 1 1 1 1 1

4 1 1 0 0 0

5 1 1 0 0 0

6 1 1 0 0 0

7 1 1 1 0 1

8 1 1 0 0 0

9 1 1 0 0 0

10 1 1 0 0 0

11 1 1 0 0 0

12 0 0 0 1 0

13 1 1 1 1 1

14 1 1 1 1 1

15 1 1 1 1 1

16 1 1 1 1 1

17 1 1 0 0 0

18 1 0 0 0 0

19 1 1 0 0 0

Trad

e

Prod

uct S

uite

Cash

Prod

uct S

uite

SG HK CN IN ID TW ROW

Trad

e

Pro

du

ct S

uit

e

1 1 1 1 1 1 1 0

2 1 0 0 0 0 0 0

3 1 1 0 0 0 0 0

4 1 1 0 1 1 0 1

5 1 1 1 1 1 1 1

6 1 1 1 1 1 1 1

7 1 1 1 1 1 1 1

8 1 1 1 1 1 1 1

9 1 1 1 1 1 1 1

10 1 1 1 1 1 1 1

11 1 1 1 1 1 1 1

12 1 1 1 1 1 1 1

13 1 1 0 1 0 0 1

14 1 1 1 1 1 1 1

15 1 1 0 1 0 0 0

16 1 1 1 0 1 0 0

Cas

h

Pro

du

ct S

uit

e

17 1 1 1 1 1 1 1

18 1 1 1 1 1 1 1

19 1 1 1 1 1 1 1

20 0 1 0 0 0 0 0

21 1 1 1 1 1 1 1

22 1 0 0 0 0 0 0

23 0 1 0 0 0 0 0

24 1 1 1 1 1 1 1

25 1 0 0 1 0 0 0

26 1 0 0 1 0 0 0

27 1 0 0 1 0 1 0

28 1 1 1 0 1 1 0

29 0 1 0 0 0 0 0

30 0 1 0 0 0 0 0

31 1 0 0 0 0 0 0

32 1 0 0 0 0 0 0

33 1 1 1 1 0 0 0

34 0 1 0 1 1 0 0

35 1 0 0 0 0 0 0

91 new revenue streams across DBS franchise

High degree of linked FX income

Increased distribution and coverage capabilities

Positioned for Continued Growth

Grew from 59 revenue streams in 2009 to 150 revenue streams

2009

2013

Major revenue streams from products which didn’t exist in 2009

10

Game Changing Innovation: DBS Working Capital Advisory

1 Industry and peer Benchmarking using a database of 65,000 companies

2 Customised analysis of client’s operations and concise action steps using Diagnostic Tools

3 Industry best practices, user networks and thought leadership with Advice and Insights

11

Creating free cash flow for our clients

Prudent risk management defines DBS

Average tenor of trade assets approx four months

Targeted customer selection

70% of trade assets are bank or cash backed

12

2013 2014F YOY

GDP Growth 7.6 7.8 0.2

CHINA Exports US$b 2200 2420 10%

Imports US$b 1953 2128 9%

SINGAPORE

GDP Growth 4.1 4.0 (0.1)

Exports US$b 437 455 4%

Imports US$b 395 412 4%

INDIA

GDP Growth 4.8 5.3 0.5

Exports US$b 318 334 5%

Imports US$b 482 511 6%

INDONESIA

GDP Growth 5.8 6.0 0.2

Exports US$b 180 195 8%

Imports US$b 187 199 6%

Source: CEIC, Bloomberg and DBS Research

Asia trade growth is massive, but… margins & risk varies across markets and products

US$580b of New Trade growth

in 2014

China 395

Hong Kong 50

India 45

Indonesia 27

Singapore 35 Taiwan

31

83 81 105

269 262

320

2012 2013 2015F

Global Payments & Cash Mgt Revenue (US$b)

Global +11%

Asia +13%

Large revenue pool in Open Account Trade and Payments

(1) Source: FCI Statistics, WTO Release Apr 2014, DBS estimate. Based on Asia turnover 3-yr CAGR of 36% (2) Source: Oliver Wyman, DBS estimate. Asia includes Australia and New Zealand but excludes Middle East

Asia Payments & Cash Management revenue to reach $105b(2) by 2015

Asia Open Account Trade revenue to reach $4b(1) by 2015

13

1.9

3.8

0.0

1.0

2.0

3.0

4.0

Asia Open Account Trade Revenue (US$b)

2009 2012 2015F

+26% CAGR

Source: East & Partners Jan 2014

2010 2011 2012 2013

8.8 9.2

9.6 9.9

DBS % Primary Transaction Banking Relationships

DBS ranked Top 3 Trade Finance Bank in Asia

Strength of DBS: Strong client relationships

Rank Market Share

1 HSBC 22.5

2 CITI 14.7

3 DBS 10.5 4 SCB 9.5

5 JP Morgan 6.5

6 Bank of America 5.4

7 ANZ 5.3

8 Deutsche 4.6

“DBS Bank has muscled into the top ranks of global banks offering trade finance in Asia

…the trade expertise of […] and DBS bankers is rated significantly higher than that of 3 dominant providers

East & Partners Principal Analyst, said that the results confirmed the positive feedback East has been receiving over an extended period about the trade offerings of […] and DBS”

Business Times, 4 Mar 2014

“DBS has extremely good regional knowledge of local rules and compliance”

East & Partners Asia Head of Market Analysis

14

CREDIT RATINGS (2) Moody’s S&P

DBS Aa1 AA-

HSBC Aa3 AA-

JP Morgan Chase Aa3 A+

Barclays A2 A

Standard Chartered A1 AA-

Citibank A2 A

Deutsche Bank A2 A

BNP Paribas A2 A+

Bank of America A2 A

Strength of DBS: Ability to drive Sustainable Growth

0%

20%

40%

60%

80%

100%

DBS GTS DBS Group European Banks

US Banks

Cost to Income (1)

(1) Source: Oliver Wyman

(2) As of Feb 14

GTS cost-income ratio drives superior returns and pricing power

Strong balance sheet, robust liquidity and high credit ratings

Clear and consistent strategy in terms of markets, clients and products

Institutional Banking Group expanding client base and customer-related activities in all key markets and segments

Wealth management & SME delivering record growth

15

Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. DBS Bank accepts no liability whatsoever with respect to the use of this document or its contents.

Asia Transaction Banking

Delivering Sustainable Returns

Tom McCabe Managing Director

27 March 2014