Corporate StructureAs at 13 March 2015

Singapore Projects

100%

100%

100%

100%

100%

70%

100%

100%

100%

100%

100%

100%

30%

30%

100%

100%

100%

100%

100%

100%

100%

100%

Marina Bay Suites Pte Ltd33%

30%

Keppel Land Limited

Keppel REIT45%

33% Raffles Quay Asset Management Pte Ltd

75% Array Real Estate Pte Ltd

5%

Keppel Data Centres Holding Pte Ltd

Keppel DC REIT

Keppel REIT Investment Pte Ltd

Bayfront Development Pte Ltd

Ocean & Capital Properties Pte Ltd

Keppel Land (Mayfair) Pte Ltd

Harvestland Development Pte Ltd

Parksville Development Pte Ltd

Keppel Digihub Holdings Ltd

DC REIT Holdings Pte Ltd

Keppel Land International Limited

Alpha Investment Partners Limited

Keppel Land Financial Services Pte Ltd

Keppel Land Realty Pte Ltd

Mansfield Developments Pte Ltd

Sherwood Development Pte Ltd

Straits Property Management Pte Ltd

Keppel REIT Property Management Pte Ltd

Keppel REIT Management Limited

Keppel Land Properties Pte Ltd

Denton Investment Pte Ltd

KeplandeHub Limited

Keppel Bay Pte Ltd

Keppel Point Pte Ltd

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KEPPEL LAND LIMITED Report to Shareholders 2014

Corporate Structure

China Projects

100%

100%

Kingsley Investment Pte Ltd

100%

100%

100% 100%Beijing Kingsley Property Development Co Ltd

Shanghai Ji Xiang Land Co Ltd100%

99%

7%54%

Shanghai Merryfield Land Co Ltd

39%

Keppel Lakefront (Nantong) Property Development Co Ltd

Merryfield Investment Pte Ltd

Shanghai Hongda Property Development Co Ltd

Spring City Resort Pte Ltd100% 50%

Kingsdale Development Pte Ltd

100%

80%36%

Spring City Golf & Lake Resort Co Ltd

Shanghai Jinju Real Estate Development Co Ltd

Willow Bay Resort Pte Ltd

100%

Shanghai Hongju Trading Co Ltd

Shanghai Maowei Investment Consulting Co Ltd

99%100%Pasir Panjang Realty Pte Ltd

Shanghai Pasir Panjang Land Co Ltd

50%

30%40%

CityOne Township Development Pte Ltd

51%

83%10%

Chengdu Century Development Co Ltd

CityOne Development (Wuxi) Co Ltd

100% 100%

100%

Evergro Properties Limited

Floraville Estate Pte Ltd

Third Dragon Holdings Pte Ltd

Shanghai Floraville Land Co Ltd

95%

100%

56%

100% 99%

100%

100%

Hillwest Pte Ltd

100%

90%

Chengdu Hilltop Development Co Ltd

Chengdu Hillstreet Development Co Ltd

80%

100%

95%

44%

Chengdu Hillwest Development Co Ltd

100%

20%Da Di Investment Pte Ltd Keppel Bay Property

Development (Shenyang) Co Ltd

Jiangyin Evergro Properties Co Ltd

Changzhou Fushi Housing Development Pte Ltd

100%

Quivivet Pte Ltd

10%

5%

100% 100%Mainlandcn Seven Company Development Pte Ltd

Main Full Limited

Chengdu Shengshi Jingwei Real Estate Co Ltd

Tianjin Fushi Property Development Co Ltd

Tianjin Fulong Property Development Co Ltd

Tianjin Pearl Beach International Country Club Co Ltd

100%

Third Dragon Development Pte Ltd

Jiangyin Yangtze International Country Club Co Ltd

Keppel Land Limited

100%

Keppel Land China Limited

100% 100%Keppel China Township Development Pte Ltd

Keppel Township Development (Shenyang) Co Ltd

100% 25%Experre Pte Ltd Suzhou Property Development

Pte Ltd

Chengdu Taixin Real Estate Development Co Ltd

35%

245

China Projects (continued)

Keppel Tianjin Eco-City Investments Pte Ltd

80%

100% Success View Enterprises Limited

100%

Keppel Tianjin Eco-City Holdings Pte Ltd

100%

55%

100%

100%

Sunseacan Investment (HK) Company Limited

Keppel China Marina Holdings Pte Ltd

Sunsea Yacht Club (Zhongshan) Co Ltd

100%

80%

100%

51%

100%Triumph Jubilee Limited

50%

100%

35% Keppel Group Eco-City Investments Pte Ltd

Singapore Tianjin Eco-City Investment Holdings Pte Ltd

Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd

Substantial Enterprises LimitedCrystal Rise Investment Pte Ltd35%

50%40%

100%Aether Pte Ltd

Aether Ltd100% Beijing Aether Property

Development Ltd

100%100% 100%Oceansky Pte LtdBroad Elite Investments Limited Keppel Lakefront (Wuxi)

Property Development Co Ltd

Equity Central Holdings Limited

Sparkle Bright Holdings Limited

Sparkle Bright Limited Shanghai Edmonton Real Estate Company Limited

43%100% Hillsvale Resort Pte Ltd Equity Rainbow II Pte Ltd

100%

100% Keppel Heights (Wuxi) Property Development Co Ltd

Keppel Hong Da (Tianjin Eco-City) Property Development Co Ltd

100%

100%

Keppel Hong Yuan (Tianjin Eco-City) Property Development Co Ltd

29%

100% Alpheus Enterprises Limited100%

100% Keppel Tianjin Eco-City One Pte Ltd

100% Eminent Pro Enterprises Limited

100% Supreme Trade Enterprises Limited

Keppel Tianjin Eco-City Two Pte Ltd

Keppel Tianjin Eco-City Three Pte Ltd

100%

100%Neva Enterprises Limited

100% Apex Service Enterprises Limited

100%

100%

Keppel Tianjin Eco-City Five Pte Ltd

Keppel Hong Teng (Tianjin Eco-City) Property Development Co Ltd

Keppel Hong Tai (Tianjin Eco-City) Property Development Co Ltd

100%

Keppel Tianjin Eco-City Four Pte Ltd

25%

46%

Keppel Land Limited

100%

Keppel Land China Limited

Corporate Structure246

KEPPEL LAND LIMITED Report to Shareholders 2014

Corporate Structure

Indonesia and Vietnam Projects

# Saigon Centre Investment owns 100% direct interest in the ordinary shares and 66.6% indirect interest each in the Class A and Class B preference shares of Keppel Land (Saigon Centre) Ltd.

PT Straits-CM Village100% PT Harapan Global Niaga

100% 25%Flannigan Investment Pte Ltd PT Pulomas Gemala Misori

100% 100%

100% 80%Meadowsville Investment Pte Ltd

Keppel Land International Limited

PT Sentral Tunjungan Perkasa

PT Keppel Land PT Sentral Supel Perkasa80%

100%

51%

100%

85% 95%

90% Bintan Bay Resort Pte Ltd

Straits-KMP Resort Development Pte Ltd

5%

Daysville Development Pte Ltd

PT Ria BintanStraits-CM Village Hotel Pte Ltd

35%51%

25% 30%Tropical Garden NV

Prestige Landmark Pte Ltd

PT Purimas Straits Resorts

100% Oil (Asia) Pte Ltd

Pembury Properties Limited

100%

Cesario Pte Ltd

100% Faymont International Limited

100%

55%

84%

79%Fernland Investment Pte Ltd International Centre Company Limited

70%Palmsville Investment Pte Ltd Quang Ba Royal Park Joint Venture Company

Keppel Land Watco I Company Limited68%100%

68%

68%

Keppel Land Watco II Company Limited

Keppel Land Watco III Company Limited

Saigon Centre Investment Limited

Keppel Land (Saigon Centre) Ltd #

68%

68%

Keppel Land Watco IV Company Limited

Keppel Land Watco V Company Limited

100% 75%

100% 60%

100% 50%

100% 42%

100% 98%Keppel Land Estate Pte Ltd

Elaenia Pte Ltd

VN Investment Pte Ltd

Portsville Pte Ltd

Estella Joint Venture Company Limited

Riviera Point Limited Liability Company

Riviera Cove Joint Venture Limited Liability Company

Dong Nai Waterfront City LLC

South Rach Chiec LLCFlemmington Investments Pte Ltd

100% 60%Belwynn Pte Ltd Belwynn-Hung Phu Joint Venture Limited Liability Company

100% 100% 60%Keppel Land Vietnam Properties Pte Ltd Willowville Pte Ltd Keppel Land Agtex Limited

90% 100% Saigon Sports City LimitedJencity Limited

100%100% Oscario Pte Ltd PT Kepland Investama

100%

Keppel Land Limited

247

Corporate Structure

Other Overseas Projects

# Domenico Pte Ltd owns 100% interest in Class B shares of East Gateway Properties Inc.

100% 100%Greenfield Development Pte Ltd Straits Greenfield Limited

100% 100%Wiseland Investment Pte Ltd Wiseland Investment (Myanmar) Limited

MIPA 59/Third Owner LLC100%

40% 45%Renown Property Holdings (M) Sdn Bhd Tanah Sutera Development Sdn Bhd

51%

100%

Keppel Philippines Properties, Inc.Buena Homes, Inc. Buena Homes (Sandoval), Inc. 40%

SM Keppel Land, Inc.40%

100% Keppel Investment (Mauritius) Pte Ltd 51% Keppel Puravankara Development Pvt Ltd

100% Wisley Pte Ltd

100% 100%Oil (Asia) Pte Ltd (duplicate) Cleland Investments Limited 100% Edmonton Pte Ltd

Keppel C T Developments (Private) Limited

60%

100% West Gem Properties Limited 100% First King Properties Limited100% Fleuters Pte Ltd

100% 100%Dattson Pte Ltd Domenico Pte Ltd # East Gateway Properties Inc

MIP 59th and Third Development LLC

90%

61%

100% 39%

45% Keppel Thai Properties Public Company Limited Gold Star Property Company Limited

Cornerstone Realty Company Limited100%

100%

Thai-Kami Company Limited100%

100% 100%Hamier Pte Ltd Tinterland Pte Ltd

Hampshire Pte Ltd Top Property Company Limited

City Square Office Co Ltd40%

Keppel Land Limited

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KEPPEL LAND LIMITED Report to Shareholders 2014