Trust Structure

Notes:

1 Keppel Energy Pte Ltd holds the remaining 49% equity interest in Keppel Merlimau Cogen.

2 Osaka Gas Singapore Pte. Ltd. holds the remaining 49% equity interest in City-OG.

3 Hyflux Ltd holds the remaining 30% equity interest in SingSpring.

4 WDC Development Pte. Ltd. holds the remaining 49% equity interest in DataCentre One.

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