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Sim Kee Boon Retires from Keppel

Maritime Activity Reports, Inc.

April 2, 2003

Keppel Corporation Limited (KCL) announced that Sim Kee Boon will retire from the position of Senior Advisor at the end of June. He was appointed Senior Advisor to the Keppel Group in January 2000, when Lim Chee Onn succeeded him as Executive Chairman of KCL. "The Board and Management of KCL truly appreciate Mr Sim's immense contribution and total dedication to the Keppel Group for the past 19 years. Keppel has grown and benefitted from his business acumen, network and experience. Currently Advisor to the Civil Aviation Authority of Singapore (CAAS) Board and the Lum Chang Group Simis also a Member of the Singapore Council of Presidential Advisors since 1997 and a Director of Temasek Holdings since January 2000.
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