K Green : proposes to expand investment mandate

24-March-2014

K-Green Trust proposes to expand investment mandate

Keppel Infrastructure Fund Management Pte Ltd (KIFM), in its capacity as Trustee-Manager of K-Green Trust (KGT, or the Trust) will be proposing an expansion of its investment mandate and a change of the Trust's name to Keppel Infrastructure Trust.

KGT was listed in 2010 with an investment focus on "green" infrastructure assets. This investment focus reflected the business focus of its sponsor, Keppel Integrated Engineering (KIE), at the time of its listing. On 2 May 2013, KIE was reorganised under Keppel Infrastructure (KI). With the reorganisation, KIFM proposes that KI assumes the role of the sponsor to the Trust.

In alignment with the wider business activities of KI, KIFM is proposing expanding KGT's investment mandate to cover a wider range of infrastructure assets. KI currently has three core business platforms in Gas-to-Power, Waste-to-Energy and X-to-Energy, the latter of which spearheads strategic developments into alternative energy sources, energy conversion and integration of the energy value chain, as well as encapsulates other energy infrastructure businesses such as district heating and cooling.

Mr Thomas Pang, CEO of KIFM, said "By widening the Trust's investment mandate, we will benefit from a wider range of opportunities so that we can continue to deliver stable and recurring returns to our unitholders.

He added, "We intend to continue pursuing quality infrastructure assets that provide predictable and sustainable cash flows."

Upon unitholders' approval of the proposed amendments to the trust deed constituting KGT, K-Green Trust will also change its name to Keppel Infrastructure Trust, to better represent the nature and scope of assets that the Trust may acquire with the expanded investment mandate.

The Trustee-Manager will seek unitholders' approval for the necessary modifications to KGT's trust deed at an Extraordinary General Meeting, which will be held on 15 April 2014 immediately after its Annual General Meeting.

More details can be found in the circular to unitholders in relation to the proposed trust deed supplement dated 24 March 2014 and despatched to the unitholders on the same date.

-End-

About K-Green Trust (KGT)

KGT provides investors with an opportunity to invest in "green" infrastructure assets in Singapore and globally with a focus on Europe and Asia Pacific. KGT's Sponsor, Keppel Integrated Engineering, was reorganised under Keppel Infrastructure Holdings Pte Ltd, also a wholly-owned subsidiary of Keppel Corporation, in May 2013.

KGT currently owns Senoko Waste-to-Energy Plant, Keppel Seghers Tuas Waste-to-Energy Plant and Keppel Seghers Ulu Pandan NEWater Plant.

About Keppel Infrastructure

Keppel Infrastructure drives the Keppel Group's strategy to invest in, own and operate competitive energy and infrastructure solutions and services. Keppel Infrastructure, while tapping the expertise of its environmental engineering and technology, will continue growing its integrated power and gas business as well as its environmental and energy efficiency businesses.

For more information, please contact:

Media
Mr Lee Chin Siang
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: [phone]
Email: [e-mail]

Investor Relations
Ms Ivana Chua
Senior Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: [phone]
Email: [e-mail]

Attachment:

Download - Circular to Unitholders in Relation to the Proposed Trust Deed Supplement dated 24 March 2014