Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Neptune Orient Lines — Corporate Update (June 2009)

7 slides from Singapore Exchange's corporate update, Jun 2, 2009

  1. Slide 1: Corporate Presentation: Proposed Rights Issue

    Corporate Presentation PROPOSED RIGHTS ISSUE TO RAISE GROSS PROCEEDS OF APPROXIMATELY S$1.437 BILLION (THE “PROPOSED RIGHTS ISSUE”) 2 June 2009

  2. Slide 2: Important Notice

    IMPORTANT NOTICE THIS PRESENTATION HAS BEEN PREPARED FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO ACQUIRE, RIGHTS OR RIGHTS SHARES OR TO TAKE UP ANY ENTITLEMENTS TO RIGHTS SHARES IN ANY JURISDICTIO

  3. Slide 3: Introduction

    INTRODUCTION Conducive Market Conditions The current stock market is conducive for the Proposed Rights Issue as the stock market has improved recently (NOL shares closed at S$1.53 on 29 May 2009). Firm Support from Temasek via “Full-Backstop” Commitment Temasek (through Lentor, its wholly-owned subs

  4. Slide 4: Terms of the Proposed Rights Issue

    TERMS OF THE PROPOSED RIGHTS ISSUE Issuer: NOL Securities: New ordinary shares of NOL Issue Type: Renounceable Issue Size: 1,105,081,798 Rights Shares Rights Ratio: 3 Rights Shares for every 4 Existing Shares Rights Price: S$1.30 (approx. 15% discount to closing price of S$1.53 as at 29 May 09) ■ Gr

  5. Slide 5: Use of Proceeds

    USE OF PROCEEDS Based on the existing share capital of NOL, the estimated gross proceeds arising from the Rights Issue will amount to S$1.437 B (approx US$1B). After deducting estimated expenses of approximately S$36M, the estimated net proceeds will be approx S$1.401B. Intended use of net proceeds:

  6. Slide 6: Minority Shareholders

    MINORITY SHAREHOLDERS Minority shareholders who wish to: (a) take up their pro-rata entitlements will not face any dilutive effects on their % shareholding; (b) decline taking up their pro-rata entitlements may opt to renounce or sell their nil-paid rights; or (c) apply for excess Rights Shares will

  7. Slide 7: Indicative Timeline

    INDICATIVE TIMELINE The indicative timeline of the Proposed Rights Issue will be announced to shareholders in due course upon receipt of the approval in-principle of the SGX-ST for the listing of, dealing in and quotation of the Rights Shares on the Main Board of the SGX-ST. 6

Neptune Orient Lines — Corporate Update (June 2009) on 6ix