News Releases

Receipt of eligibility-to-list letter in relation to NetLink Trust

Singapore, 2 June 2017 – Singtel refers to its announcement dated 9 February 2017 on the commencement of preparations for the public listing involving NetLink Trust pursuant to Singtel’s undertaking to the Info-communications Media Development Authority (IMDA) to divest its stake in NetLink Trust, a 100%-owned associate of Singtel, to less than 25% ownership by 22 April 2018.

NetLink Trust designs, builds, owns and operates the passive infrastructure for Singapore’s Next Generation Nationwide Broadband Network (NextGen NBN). Under the IMDA’s structural separation requirements for the NextGen NBN, Singtel does not have effective control in NetLink Trust.

Singtel wishes to announce that Singapore Exchange Securities Trading Limited (SGX-ST) has today issued its conditional eligibility-to-list letter in relation to the listing on the Mainboard of the SGX-ST.

The listing will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties. In the meantime, shareholders of Singtel are advised from taking any action in respect of their shares in Singtel which may be prejudicial to their interests, and to exercise caution when dealing in the shares of Singtel. In the event that shareholders wish to deal in the shares of Singtel, they should consult their stockbroker, bank manager, solicitor, accountant, tax adviser or other professional advisers.




Important Notice:

This news release does not constitute an offer, invitation to purchase or subscribe for or solicitation of securities in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. The information in this media release is qualified in its entirety by, and is subject to, the more detailed information to be set out in a final prospectus to be registered by the Monetary Authority of Singapore. The information presented in this media release is subject to change. Anyone wishing to purchase securities should read the final prospectus before deciding whether to purchase securities and will need to make an application in the manner set out in the final prospectus. Any decision to purchase securities should be made solely on the basis of information contained in the final prospectus and no reliance should be placed on any information other than that contained in the final prospectus.

This media release is not for distribution in the United States. This media release and the information contained herein is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration pursuant to the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the issuer and management, as well as financial statements.