High Court Orders Insider Trader To Pay Civil Penalty

Singapore, 26 July 2010... The Singapore High Court on 22 July 2010 ordered Kevin Lew Chee Fai to pay a $67,500 civil penalty and the Monetary Authority of Singapore's legal costs incurred in bringing civil penalty proceedings against Mr Lew.

2. The order followed the High Court's judgment of 27 May 2010 which found that Mr Lew contravened the insider trading provisions under the Securities and Futures Act. Mr Lew, formerly the chief financial officer and later the chief risk officer of WBL Corporation Limited (WBL), sold 90,000 WBL shares on 4 July 2007 after attending a WBL senior management meeting on 2 July 2007 where he obtained price-sensitive information about WBL.

3. Please refer to our press release dated 27 May 2010 for details of the civil penalty proceedings.