COMPLETION OF MEMBERS' VOLUNTARY LIQUIDATION OF

DORMANT INDIRECT WHOLLY-OWNED SUBSIDIARY

SATS Ltd. (the "Company") refers to its announcement dated 23 February 2021 in relation to the

members' voluntary liquidation of the Company's dormant indirect wholly-owned subsidiary, Monty's

Bakehouse GCC and Asia General Trading FZE ("Monty's Bakehouse GCC").

The Company wishes to announce that the liquidation of Monty's Bakehouse GCC ("Voluntary Liquidation") has been completed.

The Voluntary Liquidation is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Company for the financial year ending 31 March 2022.

Issued by SATS Ltd. on 27 October 2021

SATS Ltd. 新翔集团有限公司

P.O. Box 3 Singapore Changi Airport Singapore 918141 邮政信箱 3 号 新加坡樟宜国际机场 新加坡 918141

sats.com.sg

Co. Reg. No. 197201770G

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SATS Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 13:07:13 UTC.