Singapore Telecommunications : Increase in Share Capital of Subsidiaries

Change - Change in Corporate Information::Increase in share capital of subsidiaries

Change - Change in Corporate Information::Increase in share capital of subsidiaries

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SINGAPORE TELECOMMUNICATIONS LIMITEDChange - Change in Corporate Information 04-Jan-2019 17:20:25

New

Increase in share capital of subsidiaries

SG190104OTHR7G8K

Lim Li Ching (Ms)

Assistant Company Secretary

Please see attachment.

Page 1 of 1

New

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...

04/01/2019

SINGAPORE TELECOMMUNICATIONS LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number: 199201624D

ANNOUNCEMENT PURSUANT TO RULE 704 OF THE SGX LISTING MANUAL

INCREASE IN SHARE CAPITAL OF SUBSIDIARIES

Singapore Telecommunications Limited ("Singtel") wishes to announce that its wholly-owned subsidiary, Singtel Enterprise Security (US), Inc. ("SES US"), has increased its share capital by US$17,000,000 from US$446,770,913 to US$463,770,913 via the allotment and issue of 17,000,000 shares of common stock at US$1 per share to its holding company, Singtel Enterprise Security (Australia) Pty Ltd ("SES Australia").

The increase in share capital of SES US was effected via the injection of the equivalent of US$17,000,000 in cash by Singtel through the intermediate companies of SES US, namely Singtel ICT Pte. Ltd. ("Singtel ICT") (which is wholly-owned by Singtel), Singtel Enterprise Security Pte. Ltd. ("SES SG") (which is wholly-owned by Singtel ICT) and SES Australia (which is wholly-owned by SES SG), in return for the allotment and issue of ordinary shares at S$1 and AU$1 (as the case may be) per share by each such intermediate holding company.

Singtel wishes to further announce that its wholly-owned subsidiary, Optus Cyber Security Pty Limited ("Optus CS") has increased its share capital by AU$8,116,765 from AU$2 to AU$8,116,767 via the allotment and issue of 8,116,765 ordinary shares at AU$1 per share to its holding company, Singtel Cyber Security (Asia Pacific) Pte. Ltd. ("SCS APAC").

The increase in share capital of Optus CS was effected via the injection of the S$ equivalent of AU$8,116,765 in cash by Singtel through the intermediate companies of Optus CS, namely Singtel ICT, SES SG and SCS APAC (which is wholly-owned by SES SG), in return for the allotment and issue of ordinary shares at S$1 per share by each such intermediate holding company.

Singtel ICT, SES SG, SES Australia, SES US and SCS APAC are investment holding companies. The principal activity of Optus CS is the provision of cyber security services and solutions.

Issued by Singapore Telecommunications Limited on 4 January 2019.