Keppel Telecom. & Transport. Ltd. : Securus Fund achieves second closing at US$170 million

18-January-2013

Securus Fund achieves second closing at US$170 million

Bolsters ability to pursue growing opportunities in the data centre market

Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) and AEP Investment Management Pte. Ltd. (AEPim), as Joint Investment Managers of Securus Data Property Fund (Securus Fund or Fund), are pleased to announce the Fund's second closing with capital commitments totalling US$170 million.

Keppel Telecommunications & Transportation Ltd (Keppel T&T) and AEP Capital Ltd are co-sponsors of Securus Fund, which is the world's first Shariah-compliant data centre fund.

Keppel T&T, through its wholly owned subsidiary Keppel Data Centres Pte. Ltd. (KDCPL) has committed to invest an additional US$50 million in Securus Fund, making it the single largest shareholder of the Fund when the second raising is fully deployed.

Securus Fund's initial closing, achieved at US$100 million in June 2010, has since been deployed in the acquisition of four high quality data centre assets in Australia, Malaysia and the UK.

Mr Bruno Lopez, CEO, Data Centres, Keppel T&T and Executive Director of Keppel DCIM, said, "As a data centre operator in Singapore and Dublin, Keppel T&T has witnessed the growth in the data centre requirements of our customers and their expansions in Asia Pacific and Europe. We believe in the long-term fundamentals and growth potential of the data centre market.

"Leveraging Keppel T&T's experience in the data centre sector, Securus Fund has achieved strong traction in the acquisition of several high quality data centre assets in Asia Pacific and Europe in the past two years. Capitalising on this momentum, the second closing is aimed at facilitating the Fund's next phase of growth."

Securus Fund intends to continue its investment strategy of acquiring high quality data centre assets across its target markets in Asia Pacific, Europe and the Middle East. The Fund is currently assessing a number of pipeline opportunities within these markets.

Mr Jonathan King, Principal of AEPim, said, "The capital raising received strong response from both existing and new investors, including the Hong Kong-based Profit Trend Investment Limited. We are committed to continue executing our strategy and provide quality returns to our investors. We appreciate the confidence demonstrated in our proven track record and look forward to continuing to expand our portfolio of high quality data centre assets."

Data centre demand has been driven by the rapid rise of information-centric trends such as e-commerce, social networking and file sharing, increasingly stringent data-related regulatory requirements and technology advancements such as cloud computing. Supply of data centre space has been unable to match the growth in demand.

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About Securus Data Property Fund Pte. Ltd.
Securus Data Property Fund Pte. Ltd. (Securus Fund) is the world's first Shariah-compliant data centre fund jointly managed by Keppel Data Centre Investment Management Pte. Ltd. and AEP Investment Management Pte. Ltd.

Keppel Telecommunications & Transportation Ltd and AEP Capital Ltd are co-sponsors of Securus Fund. Securus Fund's initial closing was achieved at US$100 million with institutional investors from the Middle East and Asia, including a Brunei institution, Perbadanan Tabung Amanah Islam Brunei (TAIB) as a cornerstone investor.

About Keppel Telecommunications & Transportation Ltd
Keppel Telecommunications & Transportation Ltd (Keppel T&T) is a subsidiary of Keppel Corporation Limited, a Singapore-headquartered multinational company with core businesses in Offshore & Marine, Infrastructure and Property.

Keppel T&T Group is a leading service provider in Southeast Asia and Europe with businesses in Logistics and Data Centres. It provides state-of-the-art data centre co-location and business contingency services. Its operations in Singapore and Dublin, through Citadel100 (a 50%-owned company), are designed to provide a high standard of security, air handling and high density resilient power. Its data centre facilities boast some of the leading international blue chip companies in the IT and managed services industry.

Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) is a wholly-owned subsidiary of Keppel T&T. Keppel DCIM is registered as an Exempt Fund Manager.

About AEP Investment Management Pte Ltd
AEP Investment Management Pte Ltd (AEPim) is a Singapore-based private equity real estate fund manager. Its investment focus is in developing and managing real estate strategies that comply with the principles of Shariah investments, on behalf of its principal shareholder, investor-clients and partners in the Far East and the GCC. Built on an operating platform that is now nine years in operation, ARIG Finance Investment Limited holds a significant 80% shareholding and the senior management, led by Yusof Wahid, retains the balance 20%.

Operating its investment management activities out of Singapore, AEPim is registered as an Exempt Fund Manager and Exempt Corporate Finance Advisor under the Securities & Futures Act (Cap.289).

For further information, please contact:

Media Relations Diana Chan (Ms) Assistant Manager Group Corporate Communications Keppel Corporation Limited Tel: [phone] Email: [e-mail]

Investor Relations Ivana Chua (Ms) Senior Manager Group Corporate Communications Keppel Corporation Limited Tel: [phone] Email: [e-mail]