Singapore, 20 May 2013... The Monetary Authority of Singapore (MAS) announced that Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam has been re-appointed as Chairman of the MAS Board of Directors from 21 May 2013 to 31 May 2015.

2   Mr Ravi Menon, Managing Director of MAS, will be re-appointed both as Managing Director of MAS and a member of the MAS Board of Directors for a further term of two years, with effect from 1 June 2013.

3   Minister for Education, Mr Heng Swee Keat and Acting Minister for Culture, Community and Youth and Senior Minister of State (Communications and Information), Mr Lawrence Wong Shyun Tsai will also be re-appointed as members of the MAS Board of Directors for a further term of two years, with effect from 1 June 2013.

4   The members of the MAS Board of Directors are listed in the Annex.

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Annex

Board of Directors of the Monetary Authority of Singapore (as of 21 May 2013)

Mr Tharman Shanmugaratnam (Chairman)
Deputy Prime Minister;
Minister for Finance

Mr Lim Hng Kiang (Deputy Chairman)
Minister for Trade and Industry

Mr Heng Swee Keat
Minister for Education

Mr Lawrence Wong Shyun Tsai
Acting Minister for Culture, Community and Youth;
Senior Minister of State (Communications and Information)

Mr Lim Chee Onn
Senior International Advisor, Singbridge Private Limited

Mr Peter Ong Boon Kwee
Permanent Secretary, Ministry of Finance

Professor Tan Chorh Chuan
President, National University of Singapore

Mr Quek See Tiat
Chairman, Building and Construction Authority

Mr Ravi Menon
Managing Director, MAS