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SIA: Subscription of 282,999,999 ordinary shares in the capital of New Aviation Private Limited

Direct News Source

31-Aug-2011 Pursuant to Rule 704(15) of the SGX Listing Manual, Singapore Airlines Limited (“the Company”) wishes to announce that it has subscribed for an additional 282,999,999 fully-paid ordinary shares in the capital of New Aviation Private Limited for a cash consideration of $282,999,999 at an issue price of $1.00 per share.

The cash consideration is funded by internal sources.

After issuance of these shares, New Aviation Private Limited will remain a wholly-owned subsidiary of Singapore Airlines Limited.

The transaction is not expected to have any material impact on the net tangible assets and consolidated earnings per share of the Company for the current financial year.

None of the Directors and controlling shareholders of the Company has any interest, direct or indirect, in the above transaction, other than through their shareholdings in the Company.

By Order of the Board