This Offer Price is final and will not be increased.

Singapore, 14 June 2024 – Oversea-Chinese Banking Corporation Limited (“OCBC”) today confirms that it will maintain its Offer Price for 54,732,310 shares or 11.56% stake in Great Eastern Holdings Limited (“Great Eastern”) it does not already own at S$25.60 per share, as stated at the time the Offer was first announced on 10 May 2024. This Offer Price is final. The closing date of the Offer is extended to 12 July 2024. OCBC does not intend to increase the Offer Price or further extend the closing date.

As at end 13 June 2024, OCBC has received acceptances for 1,743,475 Great Eastern shares or 0.37% of the total number of Great Eastern shares from Great Eastern shareholders. This raises OCBC’s stake in Great Eastern to 88.80%, and to 89.01% if the number of shares held by OCBC’s concert parties is included.

After 31 May 2024, being the date of the dissemination of the Offer Document, acceptances of the Offer have been received on a daily basis.¹ As the Offer is unconditional, Great Eastern shareholders who accepted the Offer have received or will be receiving payment for all valid acceptances, within five business days from the day they tender in their shares.

Further information relating to the Offer including OCBC’s intention to seek a delisting of GEH and the associated implications are set out in the Offer Document dated 31 May 2024. Great Eastern shareholders should read the Offer Document in its entirety. An electronic copy of the Offer Document and any related documents may be obtained from the website of the SGX-ST at www.sgx.com.

J.P. Morgan Securities Asia Private Limited is the exclusive financial adviser to OCBC for the Offer while Allen & Gledhill LLP acts as legal adviser to OCBC.

All capitalised terms not otherwise defined herein shall have the meaning as set out in the Offer Document.

The directors of OCBC (including any director who may have delegated detailed supervision of the preparation of this media release) have taken all reasonable care to ensure that the facts stated and opinions expressed in this media release are fair and accurate and that there are no other material facts not contained in this media release, the omission of which would make any statement in this media release misleading, and they jointly and severally accept full responsibility.

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from Great Eastern, the sole responsibility of the directors of OCBC has been to ensure through reasonable enquiries that such information is accurately and correctly extracted from such sources and/or reflected or reproduced in this media release in its proper form and context.

Please refer to SGX for the announcement.

¹Excluding Saturdays (except for electronic submissions), Sundays and Public Holidays.