DBS LAUNCHES FIRST-EVER SUPPLIER FINANCING PROGRAMME FORSINGAPORE RETAIL SECTOR

Continues to execute against strategy to build regional GTS franchise; groundbreaking deal with Dairy Farm Singapore may benefit thousands of companies

SINGAPORE, 29 November 2011 – DBS Bank today announced that it has entered into a supplier financing programme with leading retail group, Dairy Farm Singapore, the first such programme for the retail industry in Singapore. This groundbreaking supply chain financing initiative also underscores DBS’ leadership in providing working capital solutions for enterprises across Asia.

The supplier financing programme is an innovative working capital solution which will deliver efficiencies in the end-to-end process of the supplier to buyer operating model. DBS has worked with Dairy Farm to customise a programme that will provide significant financial benefits to its suppliers and deliver a more efficient and secure process to support the supply chain. Dairy Farm operates 818 retail stores in Singapore under the well-recognised brand names of Cold Storage, Market Place and Shop N Save supermarkets, Giant hypermarkets, Guardian Health and Beauty chain and 7-Eleven convenience stores. As one of the biggest retail chains in Singapore, Dairy

Farm also operates one of the most complex producer to consumer business models with its large supplier network encompassing an enormous range of individual products.

The supplier financing programme is another of DBS’ new and innovative products designed to support its customers by increasing cash flow and reducing operational expenses. DBS is in the process of launching similar supply chain financing programmes across China, Hong Kong, Indonesia, India and Taiwan.