Comfortdelgro Corporation LimitedSGX: C52

General Announcement: : CDG wins Auckland Rail Franchise (ARF)

· Issued by ComfortDelGro Corporation Limited

COMFORTDELGRO WINS AUCKLAND RAIL FRANCHISE

27 August 2021 - ComfortDelGro Corp has been awarded a S$1.13 billion contract to operate rail services in Auckland, marking the Group's first foray into the New Zealand land transport market.

The award of the Auckland Rail Franchise (ARF) by Auckland Transport to Auckland One Rail (AOR) was announced today after a 12-month long tender process. AOR is a 50:50 joint venture company between ComfortDelGro and UGL Rail Services, an Australian rail operations and maintenance company under the CIMIC Group.

The contract will commence on 16 January 2022 and is for an initial term of eight years with the opportunity for further extensions.

The Auckland Rail network is the largest in New Zealand and comprises four lines representing 185 km of track, 42 stations and 72 three-car electric multiple unit (EMU) trains and eight diesel multiple unit trains. This will grow to 44 stations and 95 EMU trains from the opening of Auckland's new City Rail Link, which is planned to occur in 2024, and is expected to result in a significant increase in rail patronage. Pre-COVID, the network had an annual ridership of 21 million.

ComfortDelGro's Managing Director Yang Ban Seng said: "This marks a very significant milestone in our history. It not only represents our first rail operation outside of Singapore but also our maiden entry into New Zealand. We are excited to leverage our experience of operating and maintaining Singapore's world-classMRT system and are looking forward to delivering connected, safe and reliable customer journeys for Auckland's travelling public."

ComfortDelGro Corporation Limited

205 Braddell Road Singapore 579701

www.comfortdelgro.com

Co. Registration No.: 200300002K

UGL's Managing Director Doug Moss said: "We recognise the challenges and opportunities facing the network as Auckland experiences unprecedented and growing demand for transport services. We look forward to working together with Auckland Transport and bringing our international rail expertise, sharing proven solutions to shape and improve the operations of the network and support the strategic objectives of Auckland."

Under the ARF contract, AOR will assume responsibility for passenger train operations across the network including the provision of drivers and other train staff, development of timetables, station operations and maintenance, security, customer facing activities and revenue protection. It will manage the Auckland Network Access Agreement and KiwiRail interfaces. In addition, it will be responsible for the maintenance of the rolling stock from 2025.

The Group has been operating commuter rail services in Singapore through its listed subsidiary, SBS Transit Ltd, since 2003.

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Background

ComfortDelGro is one of the world's largest land transport companies with a total fleet size of about 40,000 buses, taxis and rental vehicles. We also run 83 km of light and heavy rail networks in Singapore. Our global operations span seven countries - Singapore, Australia, China, the United Kingdom, Ireland, Vietnam and Malaysia. For more information, visit www.comfortdelgro.com.

For further clarification, please call:

Tammy Tan

Group Chief Branding and

Communications Officer

ComfortDelGro Corporation Limited

O: 6383-8021 | M: 9683-0732

E: tammytan@comfortdelgro.com

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