Directors' Report
For the financial year ended 31 December 2010

The Directors submit their report together with the audited consolidated financial statements of Keppel Land Limited ("the Company") and its subsidiary companies (collectively, "the Group") and the balance sheet and statement of changes in equity of the Company for the financial year ended 31 December 2010.

1. Directors

   The Directors of the Company in office at the date of this report are:

   Choo Chiau Beng, Chairman
   Kevin Wong Kingcheung, Group Chief Executive Officer
   Khor Poh Hwa
   Lim Ho Kee
   Tsui Kai Chong
   Lee Ai Ming
   Tan Yam Pin
   Heng Chiang Meng
   Edward Lee Kwong Foo
   Koh-Lim Wen Gin
   Teo Soon Hoe
   Oon Kum Loon (Appointed on 1 September 2010)

   The Directors holding office at the end of the financial year and their interests in the share capital and share options of the Company and related companies as recorded in the register of Directors' shareholdings are as follows:

   

   Notes:
   

   1. Depending on the achievement of pre-determined performance targets, the actual number of shares to be released can be zero or the numbers stated.

   2. Depending on the achievement of pre-determined performance targets, the actual number of shares to be released can range from zero to 150% of the numbers stated.

   Since the end of the previous financial year, no Director has received or become entitled to receive benefits under contracts required to be disclosed by Section 201(8) of the Companies Act, Cap. 50, except as disclosed in the notes to the financial statements.

   Neither at the end of the financial year, nor at any time during the year, did there subsist any arrangement, to which the Company or any of its subsidiary companies is a party, whereby the Directors might acquire benefits by means of acquisition of shares in or debentures of the Company or any other body corporate other than the Keppel Land Share Option Scheme, Keppel Land Restricted Share Plan and Keppel Land Performance Share Plan approved previously by shareholders at Extraordinary General Meetings.

   In accordance with the Company's Articles of Association, the following Directors retire at the forthcoming Annual General Meeting, and being eligible, offer themselves for re-election:

   Lim Ho Kee
   Tsui Kai Chong
   Tan Yam Pin
   Heng Chiang Meng
   Oon Kum Loon
   

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