SINGAPORE POST LIMITED ("SingPost" or the "Company") (Incorporated in the Republic of Singapore)

MINUTES OF THE EXTRAORDINARY GENERAL MEETING ("EGM")

OF SINGAPORE POST LIMITED HELD ON

FRIDAY, 26 NOVEMBER 2021 AT 2.30 P.M.

BY WAY OF ELECTRONIC MEANS

PRESENT

In person

Mr Simon Israel

Chairman

Mr Vincent Phang

Executive Director, Group Chief Executive Officer

Via live webcast

Mrs Fang Ai Lian

Lead Independent Director, Chairman of Audit

Committee and Nomination and Corporate

Governance Committee

Mr Bob Tan Beng Hai

Director, Chairman of Compensation Committee

Mr Steven Robert Leonard

Director, Chairman of Board Risk and Technology

Committee

Mr Chen Jun

Director

Ms Chu Swee Yeok

Director

Ms Elizabeth Kong Sau Wai

Director

Ms Lim Cheng Cheng

Director

IN ATTENDANCE

In person

Mr Richard Lai

Group Chief Financial Officer

Mr Isaac Mah

Head, Strategic Investment and Investor Relations

BY INVITATION

Via live webcast

Ms Hilary Low

Partner, Allen & Gledhill LLP

SHAREHOLDERS AND ATTENDEES

As per Attendance Lists.

Minutes of Extraordinary General Meeting

held on 26 November 2021

Page 2 of 3

1. Welcome Remarks and Introduction by the Chairman

1.1 The Chairman introduced himself and welcomed all shareholders and

attendees. The Chairman explained that due to the on-goingCOVID-19 situation, similar to our Annual General Meeting in July, the EGM would be held in virtual mode in which shareholders would be able to join only via live audio-visual webcast and audio-only stream. The Chairman then introduced other members of the Board of Directors, Management, and the advisor.

2. Notice of EGM

2.1 The Notice of EGM dated 11 November 2021 convening the EGM was taken as read.

3. Quorum

3.1 Upon confirmation that there was sufficient number of verified shareholders who were attending the EGM electronically and hence the requisite quorum was present, the Chairman called the EGM to order.

4. Conduct of Voting

4.1 The Chairman informed that he had been appointed as proxy by shareholders, and he would be voting or abstaining from voting on behalf of such shareholders according to their specific instructions on the resolution. The Chairman further informed that voting would be conducted by poll and poll results for each resolution would be announced in the course of the EGM. The number of votes had been verified by the scrutineers, RHT Governance, Risk & Compliance (Singapore) Pte Ltd.

5. The Chairman's Speech

5.1 The Chairman proceeded to deliver his address to shareholders.

6. Q&As

6.1 The Chairman informed that responses to substantial and relevant questions on

the resolutions tabled for approval at this EGM, had been announced on SGXNet and posted on the Company's website, and shareholders who were accessing the EGM proceedings via the audio-visual webcast could ask questions live by typing

in and submitting their questions live through the text-based questions & answers ("Q&As") communication function on the audio-visual webcast platform. The Chairman further informed that questions which were substantial and relevant to the resolution to be tabled would be addressed before the motion be put to the vote, and any question submitted on the motion after it had been put to the vote would not be entertained. For questions received during the live Q&A session which were unable to be addressed during the EGM due to time constraints,

Minutes of Extraordinary General Meeting

held on 26 November 2021

Page 3 of 3

responses to such questions would be announced on SGXNet and posted on the Company's website as soon as possible after the EGM.

7. Presentation by Management

7.1 Mr Vincent Phang, Mr Richard Lai and Mr Isaac Mah presented on the Proposed Acquisition of Freight Management Holdings Pty Ltd ("Transaction"), details of which are set out in the slides attached hereto as Annex 1. The slides were announced via SGXNet after the close of trading on the day the EGM was held.

AS ROUTINE BUSINESS

8. Ordinary Resolution - The Proposed Transactions with Freight Management Holdings Pty Ltd

  1. The Chairman proposed the Ordinary Resolution, the full text of which is set out in the Notice of EGM.
  2. The Chairman invited questions from shareholders. As there were no questions from shareholders, the motion was put to the vote.
  3. The poll results for the Ordinary Resolution were as follows:

For

Against

No. of shares

%

No. of shares

%

1,000,949,138

99.96

377,600

0.04

8.4 Based on the poll results, the Chairman declared the Ordinary Resolution carried.

9. Closure of Meeting

9.1 There being no further items of ordinary or special business arising, and as no notice had been received by the Company to this effect, the Chairman declared the EGM closed at 3.10 p.m. and thanked all attendees for their attendance and wished them safe and well.

Confirmed as true record of the proceedings,

____________________________

Simon Claude Israel

Chairman of the EGM

Singapore Post Limited

Annex 1

Singapore Post

Extraordinary General Meeting

26 November 2021

Disclaimer and Important Notice

This presentation by Singapore Post Limited ("SingPost", SingPost and its subsidiaries, collectively the "SingPost Group") is shown to you solely for your information. Nothing in this presentation may not be copied, reproduced, distributed or circulated to any other person or published, in whole or in part, for any purpose. The contents of this presentation, including without limitation, statements, estimates and/or projections provided with respect to the business and assets (including anticipated future business performance of such business or assets) of the SingPost Group, do not constitute any representation, warranty, guarantee, assurance or undertaking (whether express, implied or otherwise) on the part of the SingPost Group as to past, present or future matters and do not purport to contain all of the information that an interested person may desire. In making this presentation, the SingPost Group does not undertake any obligation to provide the recipient with access to any additional information or to update this presentation or correct any inaccuracies in any information which may become apparent.

Any forward-looking statements, estimates and projections are reflective of a large number of assumptions and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are outside the control of the SingPost Group. Accordingly no representation, warranty, guarantee, assurance or undertaking (whether express, implied or otherwise) is made that any statement, estimate or projection contained herein will be realised or that any information, statement, estimate or projection contained herein is complete or accurate and actual results may vary.

Neither the delivery or supply of this presentation (or any part thereof) shall under any circumstances, (a) constitute a representation or give rise to any implication, that there has been no change in the affairs, business or financial position of the SingPost Group since the date hereof or (b) is intended to provide a basis of any credit or other evaluations and should not be considered as a recommendation by the SingPost Group that any recipient of this presentation should enter into a transaction with the SingPost Group. In all cases, each interested party should conduct its own investigation and analysis of the SingPost Group, its assets, financial condition and prospects, and of the data set forth in this presentation and obtain its own independent legal or other advice thereon and its own appraisal or evaluation of the SingPost Group. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities. Neither SingPost, its subsidiaries nor their respective directors, officers, employees and representatives make any representation or warranty as to the accuracy, reliability and completeness of the statements in this presentation, or the information, opinions and intentions contained in or otherwise referred to in, or for any omissions from this presentation. The SingPost Group expressly disclaim any and all liability which may be based on such information, errors therein or omissions therefrom and will not accept any responsibility or liability whatsoever for any loss, claim, damage, liability, action, proceedings, costs (including legal costs) or expense incurred or suffered in relation to, in connection with or resulting from any reliance, access or use by any person or entity on any information or statement contained in this presentation.

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SingPost - Singapore Post Ltd. published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 09:31:01 UTC.