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The Listing Choice in Asia The Listing Choice in Asia

Paulina McGroarty Head EMEA Listings Head EMEA, Listings

September 2011

Singapore – A Global Financial Centre

Home to global companies

– Asia Pacific headquarters to >1/3 of Fortune 500 companies

Wealth hub with largest institutional investor base in Asia

– >US$1.5 trillion assets under management

World’s 4th largest foreign exchange trading centre

– >US$330 billion average daily volume in 2010

Asian logistics centre

– World’s largest bunker port and 2nd largest container port

Trading centre for commodities

– 300 global trading companies

SGX The Asian Gateway SGX The Asian Gateway

– 90 top global traders globally/regionally headquartered here

1 The Listing Choice in Asia

Trading Asia in One Place

Equity Derivatives China and India Asian companies listed in US Commodities Bonds Asia’s most international listing venue 780 li t d Single point access to Asian markets C i 80% f Only exchange

• utside China to
• ffer futures for

exposure to Chi ’ 50 l t Large Asian companies traded

• n newsflow in

Asian time zone ADR Trading: Rubber Fuel oil Copper Zi Asia’s bond centre 1300 bonds 780 listed companies Asia’s leading ETF venue Covering 80% of Asia’s equity markets China’s 50 largest companies. Futures contracts

• n India’s largest

as ADRs Zinc Aluminium OTC Clearing: Rubber 30 countries 10 currencies, including RMB g companies ETFs Bonds Coal Iron Ore Freight Energy g

SGX The Asian Gateway SGX The Asian Gateway 2

Bonds

The Listing Choice in Asia

Why List in Singapore

International listing venue with Fast to Market Process

1

Wealth Management Hub of Asia

2

Better Valuations

3

Chinese Investors Can invest in Singapore

4

Retail Interest

5

Retail Interest Size matters - Inclusion in Singapore Index

6

L t i A i T di C t f I t Lowest in Asia Trading Costs for Investors

7

First Class Support in Investor Relations

8

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International Listing Venue

London Stock Exchange New York Stock Exchange Hong Kong Stock Exchange Tokyo Stock Exchange

Non-UK 24%

London Stock Exchange

Non-US 7%

New York Stock Exchange

Non- China 1%

Hong Kong Stock Exchange

Non- Japan 0%

Tokyo Stock Exchange

UK 76% US 93% China 99% Japan 100%

Singapore Exchange Country of Origin for Overseas Companies

Singapore 59% Overseas 41%

Greater China 69% Japan & Korea 4% Australia

780 Listed Companies, Market Capitalisation Over US$700 billion

Southeast Asia 19% India 1% 3% Europe 3% US 1% Others 0%

Over US$700 billion

SGX The Asian Gateway SGX The Asian Gateway The Listing Choice in Asia 4 Source: Bloomberg & Singapore Exchange

33 of 204 RMB bonds are listed61% of the listed RMB bonds li t d SGX

% of listed RMB bonds on Selected Exchanges

are listed on SGX

204 RMB bonds (YTD)

London 3%

g

Listed , 33

Hong Kong Luxembourg 18%

Unlisted, 171 SGX 61%

Hong Kong 18%

Lower Trading Costs for Investors

Asia’s lowest trading costs with no stamp duty and no sales tax

Cost of securities trading

8 10 12 (bps) 2 4 6 Tax Broker Commission Exchange Fees Total Fees 2 Singapore Hong Kong

A US$10billion company with 100% annual turnover velocity will cost its investors US$20million in stamp duties in Hong Kong

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