SMRT

SMRT: plans to open Orchard Xchange by end-2010, with NLA of ~1500 sqm. This will bring the total number of SMRT Xchanges across Singapore to 8. The tender process has started and the group expects good take-up. SMRT intends to open more such spaces at upcoming stations on the Circle Line once it is complete, providing another avenue for growth

Separately, due to the ongoing restructuring at its business, Nakheel PJSC has exercised its right of early termination for the operation and maintenance of Palm Monorail development in Dubai by SMRT. This will take effect on 5 Aug 2010, but is not expected to have material impact on SMRT’s NTA and EPS for the current financial year.