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DAILY DEALS INSIGHT Southeast Asia-involvement M&A reached US$119.7 billion, the highest YTD volumeon record

DEALS INTELLIGENC

November 19, 2012

FAST FACTS

OUE announced to launch a tender offer to acquire the entire share capital of Fraser & Neave Ltd (F&N) for US$12.7 billion, oneof the biggest deal involving Southeast Asian companies in history.The deal pushed the value of announced M&A involving Southeast Asia companies to reach US$119.7 billion to date, making it

the highest YTD volume on record.The Consumer Staples industry accounted for 32.2% of the deal making activity involving Southeast Asian companies with

US$38.5 billion, a seven-fold increase over the same period last year, bolstered by related activities in Fraser & Neave Ltd this year.Total value of deals targeting Singapore reached US$44.1 billion, up 174% from the comparative period last year.

Any Southeast Asia-involvement Announced M&A VolumeYear-to-Date Comparison

YTD January 1 through November 19

$41.7

$63.8

$21.5$26.7

$34.7

$54.5 $58.0

$104.2 $106.8

$45.2

$91.9 $91.8

$119.7

500

1,000

1,500

2,000

2,500

3,000

$0

$20

$40

$60

$80

$100

$120

$140

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

R a n

k V

l a u e

U S $ b i l l i o n

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DAILY DEALS INSIGHT OUEs planned US$12.7 billion tender offer for Fraser & Neave boostsSoutheast Asia M&A activity

DEALS INTELLIGENC

November 19, 2012

YTD January 1 through November 19

* Rank Value includes Net Debt of Target

Southeast Asia-Involvement Announced M&A Top Deals for on record

RankDate Target Name

RankValue($Mil)

TargetNation Acquiror Name

AcquirorNation

TargetUltimateParent

TargetUlt. Parent

Nation

AcquirorUltimateParent

AcquirorUlt. Parent

Nation

11/15/12 Fraser & Neave Ltd 12,712.3 Singapore OUE Baytown Pte Ltd Singapore Fraser & Neave Ltd Singapore Noonday AstMgmt Asia Pte Ltd Singapore

09/13/12 Fraser & Neave Ltd 9,219.3 Singapore TCC Assets Ltd British Virgin Fraser & Neave Ltd Singapore Thai BeveragePCL Thailand

06/28/12 Progress EnergyResources Corp 5,865.5 Canada Petronas Carigali

Canada Ltd Canada Progress EnergyResources Corp Canada PETRONAS Malaysia

04/02/12 Bank Danamon Tbk PT 4,970.5 Indonesia DBS Group HoldingsLtd Singapore Singapore Singapore DBS GroupHoldings Ltd Singapore

07/20/12 Asia Pacific Breweries 4,373.9 Singapore Heineken International Netherlands Fraser & Neave Ltd Singapore L'Arche Green NV Netherlands

Southeast Asia-Involvement Announced M&A Top Deals for 2012 YTD

RankDate Target Name

RankValue($Mil)

TargetNation Acquiror Name

AcquirorNation

TargetUltimateParent

TargetUlt. Parent

Nation

AcquirorUltimateParent

AcquirorUlt. Parent

Nation

02/01/08 Rio Tinto PLC 14,284.2 UnitedKingdomShining Prospect Pte

Ltd Singapore Rio Tinto PLCUnited

Kingdom CHALCO China

11/15/12 Fraser & Neave Ltd 12,712.3 Singapore OUE Baytown Pte Ltd Singapore Fraser & Neave

LtdSingapore Noonday Ast

Mgmt Asia Pte LtdSingapore

03/30/07 Alinta Ltd 11,453.2 Australia Investor Group Singapore Alinta Ltd Australia Investor Group Singapore

10/15/10 Plus Expressways Bhd 10,158.9 Malaysia Investor Group Malaysia Plus ExpresswaysBhd Malaysia Investor Group Malaysia

12/10/07 UBS AG 9,760.4 Switzerland Government of Singapore Invest Singapore UBS AG SwitzerlandGovernment of

Singapore Invest Singapore