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March 2007

ST Engineering’s Electronics Arm Secures MINDEF Electro-Optics Maintenance Contract

Singapore, 26 March 2007 — Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics), has been awarded a five-year contract of about $20m by the Ministry of Defence (MINDEF) to provide maintenance of electro-optics equipment and systems used by the Singapore Army, Navy and Air Force.  The contract was awarded to ST Electronics’ subsidiary, STELOP Pte Ltd.

The award of this contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

STELOP’s capabilities in electro-optics and thermal imaging solutions will assist the SAF to ensure that their systems are fully ready for deployment at all times.  Our track record in providing systems as well as the support and service for our systems and solutions to the SAF has made ST Electronics a trusted partner offering the SAF the convenience of a single source provider of both EO products and maintenance services across the whole defence force.

SEAH Moon Ming
President, ST Electronics

In June 2006, STELOP awarded a contract to provide and install EO payloads on Police Coast Guard patrol vessels.

The company will continue to provide its systems, solutions and support for the defence and homeland security sector and has implemented a number of homeland security solutions over the years.  This includes a Harbour Craft Transponder System for the Maritime Port Authority (MPA) and an information network system for the 16-member ReCAAP (Regional Cooperation Agreement On Combating Piracy And Armed Robbery Against Ships In Asia).

STELOP is a subsidiary and the electro-optics (EO) arm of ST Electronics.  STELOP is a joint-venture between ST Electronics (50.05%) and Electro Optics International B.V.(49.95%). It was established in 1994 and has become a leading EO application solutions provider in the local and regional markets.  STELOP’s technical capabilities in EO technologies are used in applications such as target acquisition and tracking, weapon fire control, search and rescue, key installation protection, and homeland security and defence.  With a wide spectrum of design and engineering capabilities, STELOP integrates, manufactures, maintains and provides comprehensive EO solutions and systems. Please visit www.stelop.com

ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. It specialises in the design, development and integration of advanced electronics systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications technologies, rail and traffic management, realtime command & control, training and simulation, intelligent building management, and information security and mobile commerce solutions. Please visit www.stee.stengg.com.

ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors.  Headquartered in Singapore, the Group reported revenues of $4.49b in FY2006.  With a market capitalisation in the region of $10b, it ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 17,000 employees worldwide, and over 100 subsidiaries in 20 countries and 35 cities.  Please visit www.stengg.com.

Media contact:

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com