Securus Data Property Fund Pte. Ltd. (Securus Fund)1 has formed a joint venture with Keppel Telecommunications & Transportation Ltd's (Keppel T&T) wholly-owned subsidiary2 to own, manage and operate a data centre in Gore Hill, Sydney, Australia.

The joint venture company (JV Co), Securus Guernsey 2 Limited, will be 70% held by Securus Fund and 30% indirectly held by Keppel T&T through its wholly-owned subsidiary. The JV Co has entered into a conditional agreement to purchase the data centre for a consideration of AUD60 million.

Located in the Gore Hill technology precinct in Sydney, the new purpose-built Tier III data centre is a freehold A-Grade asset that has recently achieved practical completion.

A portion of the data centre has already been fitted out to serve a long-term lease with a blue chip anchor tenant. The remaining data centre space will be fitted out in stages to Tier III standards so as to offer premium co-location services to other blue chip clients.

Jonathan King, Co-Fund Manager of Securus Fund, said, "This is Securus Fund's second acquisition in Australia this year, after the acquisition of the iseek Data Centre in Brisbane Export Park in July, and is in line with our strategy of acquiring high quality data centre assets across our target markets. The Gore Hill asset has all the physical attributes of a first-class data centre, by virtue of its strategic location and power availability. This opportunity will further enhance our market position and allow us to capitalise on the growth opportunities in the fast growing data centre sector."

Mr Pang Hee Hon, CEO of Keppel T&T, said, "Australia is one of the leading data centre hubs in the Asia Pacific region and the market is experiencing strong demand for data centres. Therefore, acquiring the Gore Hill data centre will allow us to quickly meet the fast growing demand of the market in Australia and also further build up Keppel's capability and track record in the Asia Pacific region."

The data centre is strategically located approximately 6km away from Sydney's central business district. As it is located along one of Sydney's main power and data arteries, the data centre is supported by a large and secure electrical supply allowing it to service customers with high energy requirements. Furthermore, the data centre also has access to multiple carrier networks and has high fibre optic connectivity, making it ideal for offering prime data co-location services.

The foregoing joint venture is not expected to have any material impact on the net tangible assets and consolidated earnings per share of Keppel T&T for the current financial year.

1 Securus Fund is the world's first Shariah compliant data centre fund and is jointly managed by Keppel Data Centre Investment Management Pte Ltd, a wholly-owned subsidiary of Keppel T&T, and AEP Investment Management Pte Ltd. Securus Fund is also 30% owned by Keppel T&T's wholly-owned subsidiary, Keppel Data Centres Pte Ltd.

2 Keppel T&T's wholly-owned subsidiary, Boxtel Investments Limited, has entered into the joint venture agreement with Securus Fund.


About Securus Data Property Fund Pte. Ltd. (Securus Fund)

Securus Data Property Fund Pte. Ltd. (Securus Fund) is the world's first Shariah-compliant data centre fund jointly managed by Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) and AEP Investment Management Pte. Ltd. (AEPim).

Keppel T&T and AEP Capital Ltd, part of Saudi Arabia-based Al Rajhi Holding Group, are co-sponsors of Securus Fund. Securus Fund's initial closing was achieved at US$100 million with institutional investors from the Middle East and Asia, including a Brunei institution Perbadanan Tabung Amanah Islam Brunei (TAIB) as a cornerstone investor.

Securus Fund intends to acquire a high quality portfolio of data centre assets across its target markets in Asia Pacific, Europe and the Middle East and will consider both existing income generating data centre assets and development opportunities. The Fund is currently assessing a number of opportunities within its target markets.

In July 2011, Securus Fund completed the acquisition of a 70%-stake in iseek Data Centre, located at Brisbane Export Park, Australia, from iseek Communications Pty Ltd.

About Keppel Telecommunications & Transportation Ltd

Keppel Telecommunications & Transportation Ltd (Keppel T&T) is a subsidiary of Keppel Corporation Limited, a Singapore-headquartered multinational company with core businesses in Offshore & Marine, Infrastructure and Property.

Keppel T&T Group is a leading service provider in Southeast Asia and Europe with businesses in Logistics and Data Centres and operations spanning 12 countries. It provides state-of-the-art data centre co-location and business contingency services. Its operations in Singapore and Dublin, through Citadel100 (a 50%-owned company), are designed to provide a high standard of security, air handling and high density resilient power. Its data centre facilities boast some of the leading international blue chip companies in the IT and managed services industry.

Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) is a wholly-owned subsidiary of Keppel T&T. Keppel DCIM is registered as an Exempt Fund Manager.

About AEP Investment Management Pte Ltd

AEP Investment Management Pte Ltd (AEPim) is a Singapore-based private equity investment and fund management company. AEPim's investment focus is in developing and managing real estate strategies in the Asia Pacific Region that cater to the requirements of Shariah-based investors in the Far East and the Gulf Cooperation Council region. Established in Singapore on 28 February 2008, AEPim officially launched its operations on 1 May 2008 on the back of an operation managed then by Yusof Wahid and his team of professionals. AEPim is a company under Al Rajhi Holding Group through its substantial 80% shareholding. Yusof Wahid as the Managing Partner and founder of the business holds the remaining 20% shares, and together with his professional team operates the business of AEPim.

As a Singapore-based investment manager, AEPim is registered as an Exempt Fund Manager and Exempt Corporate Finance Advisor under the Securities & Futures Act (Cap.289).


For further information, please contact:

Media Relations:

Frances Teh (Ms)
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: 6413 6437
Email: frances.teh@kepcorp.com

Investor Relations:

Chua Ying Ying (Ms)
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: 6413 6295
Email: yingying.chua@kepcorp.com


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