NSL : Notice of Books Closure and Dividend Payment Date

NSL Ltd

NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATE

The Board of Directors of NSL Ltd (the "Company") refers to a final dividend of S$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 2019 (the "Dividend"). The shareholders of the Company have, at the Annual General Meeting of the Company held by electronic means on 25 June 2020, approved the payment of the Dividend.

NOTICE IS HEREBY GIVEN that, the Register of Members and Share Transfer Books of the Company will be closed from 5.00 p.m. 3 July 2020 to 5.00 p.m. 10 July 2020 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 3 July 2020 will be registered to determine shareholders' entitlement to the Dividend.

In respect of the ordinary shares of the Company held in securities accounts with The Central Depository (Pte) Limited ("CDP"), the Dividend will be paid by the Company to CDP which will in turn distribute the dividend entitlements to shareholders.

The payment of the Dividend will be on 21 July 2020 or such other date to be determined by the Directors.

By Order of the Board

Lim Su-Ling Company Secretary 25 June 2020

NSL LTD

317 Outram Road, #03-02, Singapore 169075 Tel: [phone] Fax: [phone] Web:www.nsl.com.sgReg. No.: 196100107C