Keppel Corporation Limited refers to its announcement issued on 5 December 2019 (“Announcement”) in relation to the share purchase agreement entered into by its wholly owned subsidiary Keppel Energy Switzerland Holding AG (“Keppel Energy Switzerland”) to acquire 20% of the common shares in the capital of MET Holding AG (MET Group) from MET Capital Partners AG.

The Company wishes to announce that the acquisition has been completed and MET Group is now an associated company of the Company.

About Keppel Corporation

Keppel Corporation is a global multi-business company committed to providing robust solutions for sustainable urbanisation through its key businesses in Offshore & Marine, Property, Infrastructure and Investments. The Group's ecosystem of companies work closely together to offer a spectrum of products and services that addresses the world's growing needs for energy, clean environments, urban living solutions and connectivity.

Keppel Corporation harnesses the Group's collective strengths in technology and innovation, engineering and project management, the operation and maintenance of assets, and capital management to seize opportunities and create enduring value.

About MET Group

MET Group is a Swiss-based energy company with activities in European natural gas, power and oil markets. By way of its subsidiaries, MET is present in 15 countries, 26 national gas markets and 22 international trading hubs. In 2018, MET Group’s consolidated sales revenue amounted to EUR 10.72 billion, the volume of natural gas traded was 42+ BCM.