ST Engineering’s Aerospace Arm Dissolves ST Aviation Resources 1 Limited : Singapore Technologies Engineering Ltd

Singapore, 14 January 2013 – Singapore Technologies Engineering Ltd’s (ST Engineering) aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) today announced that its wholly owned subsidiary ST Aviation Resources Pte Ltd (ST Aviation Resources) has dissolved ST Aviation Resources 1 Limited (STAR1). STAR1 is a wholly owned dormant subsidiary of ST Aviation Resources.

Incorporated in the territory of British Virgin Islands in 1996, STAR1 was created as a special purpose vehicle to enter into a joint venture investment that owned and leased one aircraft to an Asian airline. STAR1 has remained dormant since end 2006 upon the completion of the aircraft lease programme, and the subsequent sale of the aircraft in the same year.

The dissolution of STAR1 is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.