Global Investments

[cyclone]

Global Investments Limited refers to the announcement dated 14 May 2016, relating to the share purchase agreement entered into by the Company’s wholly-owned subsidiary, BBSFF EU Rail Lessor Limited ("BBSFF") and the other shareholders of Ascendos Investments Limited ("Ascendos") on 12 May 2016 for the sale of the entire issued share capital of Ascendos to BRL HoldCo S.A.R.L.

The Board wishes to announce that the Transaction was completed on 16 June 2016. Ascendos has thereby ceased to be an associated company of the Company.

As at the date of completion, the consideration amount due to BBSFF in relation to its shareholding in Ascendos is € 16.9 million which will result in contribution to earnings per share of approximately 0.71 Singapore cents. The above figures are subject to changes as the consideration is subject to further
adjustment in accordance with the provisions of the SPA.

The final consideration amount received by BBSFF EU Rail Lessor Limited from the divestment of Ascendos is €17.5million and the contribution to earnings per share is approximately 0.77 Singapore cents.