The Board of Directors of NSL Ltd. referred to a final dividend of SGD 0.05 per ordinary share (exempt one-tier) in the capital of the Company which had been recommended by the Board for the financial year ended 31 December 2022 (the "Dividend"). The shareholders of the Company have, at the Annual General Meeting of the Company held on 27 April 2023, approved the payment of the Dividend. The register of members and share transfer books of the company will be closed from 5.00 p.m. 8 May 2023 to 5.00 p.m. 15 May 2023 for the preparation of dividend warrants.

Duly completed transfers received by the Company's share registrar, M & C Services Private Limited at 112 Robinson Road #05-01 Singapore 068902, up to the close of business at 5.00 p.m. on 8 May 2023 will be registered to determine shareholders' entitlement to the Dividend. The payment of the Dividend will be on 24 May 2023 or such other date to be determined by the Directors.