Keppel is committed to disclose material information in a timely, transparent and accurate manner to the public, in accordance with listing rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”), the Singapore Code of Corporate Governance 2018 and current best practices.

The Corporate Communications Department acts as an intermediary between the Company and its shareholders as well as the investment community. The goal of the Department is to enable its shareholders and the investment community to better understand the business and operations of Keppel through transparent, accurate and timely corporate communications activities.

1. PURPOSE & GENERAL PRINCIPLES
   1. This Investor Relations Policy describes the principles and practices that the Company applies in order to provide current and prospective investors with information necessary to make well-informed investment decisions and to ensure a level playing field.
   2. In the course of its Investor Relations activities, the Company will comply with all applicable securities laws and regulations. In addition to required information disclosures, the Company seeks to adopt a proactive stance of voluntary supplemental disclosure covering matters considered to have a potential impact on investment decisions by current and prospective investors.
   3. All disclosures are submitted to Singapore Exchange Securities Trading Limited (“SGX-ST”) through SGXNET, and are available on the Company’s corporate website.
   4. Unpublished material information is not selectively disclosed. On the rare occasion when such information is inadvertently disclosed, it will be immediately announced to the public via SGXNET and the media.
   5. This Policy is subject to regular review by the Company’s Corporate Communications Department.
2. COMMUNICATIONS GUIDELINES
   1. The Company endeavours to provide clear, fair and balanced disclosure of pertinent information to its shareholders and the investment community in a timely and effective manner.
   2. To the extent possible, all disclosures will:
      1. be factual, clear and succinct;
      2. contain sufficient quantitative information to allow investors to evaluate its relative importance to the activities of the Company;
      3. be balanced and fair;
      4. avoid over-technical language; and
      5. explain the consequences or effects of the information on the Company’s future prospects. If the consequences or effects cannot be assessed, provide the reason.
   3. Authorised Spokespersons
      1. The Company communicates only through designated senior spokespersons who will establish and maintain regular dialogue with shareholders to solicit and understand their views, as well as respond to inquiries from members of the investment community or media.
      2. Employees who are not authorised spokespersons must not respond under any circumstances to inquiries from the investment community or media, unless specifically authorised by designated senior spokespersons. Any inquiry received should be directed to the Corporate Communications Department.
   4. Responding to Market Rumours
      1. As a guideline, the Company does not respond to rumours or market speculation. Clarifications will however be made promptly through announcements via SGXNET in the event that material information is deemed to have been leaked or where there is unusual market activities that could be attributable to such rumours or market speculation.
      2. The Company, as a rule, will not comment on commercially sensitive proceedings.
3. COMMUNICATION WITH SHAREHOLDERS AND INVESTMENT COMMUNITY

   The Company employs various platforms to effectively engage the shareholders and the investment community, with an emphasis on timely, accurate, fair and transparent disclosure of information. In addition to shareholder meetings, the senior management of Company will also meet with investors, analysts and the media, as well as participate in conference calls, roadshows and industry conferences organised by major brokerage firms throughout the year to solicit and understand the views of the investment community.

   The Company is committed to treat all shareholders fairly and equitably, and keep all its shareholders and other stakeholders informed of its corporate activities, including changes in the Company or its business which would be likely to materially affect the price or value of its shares, on a timely basis.

   1. Shareholders’ Meetings
      1. The Company will facilitate opportunities for shareholders to participate effectively in and vote at shareholders’ meetings and to put forth any questions they may have on the motions to be debated and decided upon.
      2. Shareholders will also be informed of the rules, including voting procedures that govern these general meetings. The minutes of these meetings will be made available to shareholders upon their request.
      3. Shareholders’ meetings will be held at a convenient location with access to public transportation, so as to facilitate shareholders and encourage participation.
   2. Analysts and Investment Community
      1. The Company welcomes requests by analysts and institutional investors for meetings with senior management for the purpose of helping them to gain a broader understanding of the Company's business and operating fundamentals. Any discussions at such meetings will be based on publicly available information.
   3. Results Announcements and Voluntary Business Updates
      1. The Company holds a “live” webcast as well as a combined media and analyst conference for its full-year and half-year results to engage shareholders and the investment community. The Company provides voluntary business updates in between its half-yearly financial results to keep shareholders and the investment community abreast of its developments.
      2. The Company will make available on SGXNET and its corporate website the relevant information, presentation materials and a transcript of the question and answer session before the next trading day following the announcement of its results and business updates.
      3. The Company will refrain from investor meetings and commenting on industry outlook and business and financial performance two weeks and one month before the release of its business updates and half-yearly financial results, respectively.
   4. Annual Report and Sustainability Report
      1. The Company publishes an annual report to enable the shareholders and the investment community to obtain a comprehensive and consistent overview of its business strategies, developments and market outlook, as well as operational and financial performance.
      2. The Company also publishes a sustainability report annually, which details the Company's material environmental, social and governance factors, as well as its sustainability governance, management and performance, in accordance with the relevant regulations.
   5. Corporate Website
      1. The Company will make available all media releases, financial results, annual reports, SGXNET announcements, presentation materials, archived webcasts and other corporate information relating to Keppel in the "Investors" section of its corporate website www.keppel.com.
      2. Members of the public may subscribe to an e-mail alert service at the Company’s corporate website to receive regular updates on the Company’s corporate information and announcements. The contact details of the Investor Relations personnel are also available on the Company’s corporate website.
   6. Shareholders’ Enquiries
      1. Shareholders and the investment community may at any time make a request for the Company's information to the extent such information is publicly available.
      2. Shareholders who intend to put forward their enquiries about the Company may contact the Investor Relations Department of the Company through email at investor.relations@keppel.com, or call (65) 6270 6666. The Company will endeavour to respond to their queries in a timely manner.
      3. Shareholders with questions about their shareholdings can direct them to The Central Depository at asksgx@sgx.com, or (65) 6535 7511; or the Company's registrar Boardroom Limited at SRS_ClientServices@boardroomlimited.com, or (65) 6536 5355.
4. PUBLICATION OF POLICY

This policy is available on the Company’s corporate website at www.keppel.com.