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April 2010

ST Electronics Increases Stake In Knowledge Alive Pte Ltd

Singapore, 30 April 2010 — Singapore Technologies Electronics Limited (ST Electronics), has acquired the remaining 54.53% equity stake in Knowledge Alive Pte Ltd (Knowledge Alive) through its wholly owned subsidiary, ST Electronics (Training & Simulation Systems) Pte. Ltd. The equity stake was acquired from the other existing shareholder, August Technologies Pte Ltd, for a total cash consideration of $696,924, arrived at on a willing buyer willing seller basis taking into consideration the net tangible assets of Knowledge Alive.

Upon acquisition, Knowledge Alive will be restructured as a wholly-owned subsidiary of ST Electronics (e-Services) Pte. Ltd. (STEE-eServ), which currently operates a Centre for Management Development. STEE-eServ has built up a strong business model and capabilities in the area of eLearning, soft skills training and enabling career transition. Both companies will have immediate access to each other’s customer base and share training capabilities.

Knowledge Alive is an e-Learning solutions provider of premier IT education to the private and public sectors. Its restructuring under STEE-eServ will strengthen the group’s offering and reach as well as tap into the synergy of the two companies to deliver eLearning and training solutions to the market.

The acquisition and restructuring of Knowledge Alive into STEE-eServ are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Electronics owns 100% of ST Electronics (Info-Software Systems) Pte. Ltd. and STEE-eServ is a wholly owned subsidiary of ST Electronics (Info-Software Systems) Pte. Ltd.

ST Electronics (e-Services) provides shared services through a fully operational centre delivering a complete suite of Human Resource, Finance and Administrative services. Its delivery model leverages on integrated e-enabled processes which provide customers with one-touch convenience, reliable support and expertise to operationalise organisations’ policies across big populations. Staffed by a 350-strong team, the company has successfully navigated the entire shared services journey of centralisation, standardisation and value creation.

ST Electronics   (Singapore Technologies Electronics Limited),   the   electronics   arm   of    ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide.  With a presence in more than 30 cities in 20 countries, ST Electronics markets its solutions to more than 80 countries internationally.  It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security.  Please visit www.stee.stengg.com.

Media contact:

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com