PRICE GUIDANCE
Class A-1 Notes: 4.00-4.25%
Class A-2 Notes: 4.75-5.00%
Class B Notes:   6.50-6.75%
Class C Notes:   9.50-9.75%

** SUMMARY TERMS: CLASS A-1 NOTES **
Amount: SGD[228]mn
Ranking:Pari passu with Class A-2 Notes and in the order of priority set out in the Priority of Payments
Scheduled Maturity: 3 years
Final Maturity: 10 years
Expected Ratings: Asf / A(sf) by Fitch / S&P
Interest Rate:[•]% p.a. cash; payable semi-annually in arrear
Issue Price: 100%
Mandatory Redemption: Redemption of all (but not some only) of Class A-1 Notes
(i) on the Scheduled Maturity Date if
(a) the total balance in the Reserves Accounts and Reserves Custody Account is not less than the aggregate principal amount of Class A-1 Notes and
(b) all Loans (if any) are fully repaid;
or (ii) in the event that either condition (a) or (b) above is not satisfied, on the first Interest Payment Date after the Scheduled Maturity Date on which both conditions are satisfied
Reserves: The Priority of Payments requires certain payments to be made to the Reserves Accounts over a period of time to allow the Class A-1 and A-2 Notes to be redeemed at their respective Scheduled Maturity Dates (See Clauses 9, 10, 11, 14 and 16 of the Priority of Payments)
Bonus Redemption Premium: 0.30% of Class A-1 Notes principal amount payable on redemption if the Bonus Redemption Premium Threshold is met
Interest Rate Step-Up: 1% p.a. one-time step-up if not redeemed on the
Scheduled Maturity Date
Other Details: CDP clearing / SGX-ST listing / SGD250K denoms / Singapore law
Lead Managers:CS / DBS (B&D)

** SUMMARY TERMS: CLASS A-2 NOTES **
Amount: USD[170]mn
Ranking: Pari passu with Class A-1 Notes and in the order of priority set out in the Priority of Payments
Scheduled Maturity: 5 years
Final Maturity: 10 years
Expected Ratings:  Asf by Fitch
Interest Rate: [•]% p.a. cash; payable semi-annually in arrear
Issue Price: 100%
Mandatory Redemption: Redemption of all (but not some only) of Class A-2 Notes
(i) on the Scheduled Maturity Date if
(a) the total balance in the Reserves Accounts and Reserves Custody Account is not less than the aggregate principal amount of Class A-2 Notes and
(b) all Loans (if any) are fully repaid;
or (ii) in the event that either condition (a) or (b) above is not satisfied, on
the first Interest Payment Date after the Scheduled Maturity Date on which both conditions are satisfied
Reserves: The Priority of Payments requires certain payments to be made to the Reserves Accounts over a period of time to allow the Class A-1 and A-2 Notes to be redeemed at their respective Scheduled Maturity Dates
Interest Rate Step-Up: 1% p.a. one-time step-up if not redeemed on the Scheduled Maturity Date
Other Details: CDP clearing / SGX-ST listing / USD200K denoms / Singapore law
Lead Managers: CS / DBS (B&D)

** SUMMARY TERMS: CLASS B NOTES **
Amount: USD[100]mn
Ranking: Will rank in the order of priority set out in the Priority of Payments
Final Maturity: 10 years
Expected Ratings: BBBsf by Fitch
Interest Rate: [•]% p.a. cash; payable semi-annually in arrear
Issue Price: 100%
Mandatory Partial Redemption:  (1) 90% cash flow sweep (after Clause 1-11 of
the Priority of Payments) after full redemption of the Class A Notes (2) Regardless of whether the Class A Notes have been redeemed, if there is cash available in the Operating Accounts under Clause 14 of the Priority of Payments after the Reserves Accounts Caps have been met, the Issuer shall use from such cash the amount required by Clause 14 of the Priority of Payments to partially redeem the Class B Notes
Other Details: Euroclear/Clearstream clearing / SGX-ST listing
/ USD200K denoms / Singapore law
Lead Managers: CS (B&D) / DBS

** SUMMARY TERMS: CLASS C NOTES **
Amount: USD[70]mn
Ranking: Will rank in the order of priority set out in the Priority of Payments
Final Maturity: 10 years
Expected Ratings: Not Rated
Interest Rate: [•]% p.a. PIK; accrues at the end of each semi-annual interest accrual period
Issue Price: 100%
Mandatory Partial Redemption:  (1) 90% cash flow sweep (after Clause 1-12 of
the Priority of Payments) after full redemption of Class B Notes. (2) Regardless of whether Class A Notes have been redeemed, if there is cash available in the Operating Accounts under Clause 14 of the Priority of Payments after full redemption of the Class B Notes, the Issuer shall use from such cash the amount required by
Clause 14 of the Priority of Payments to partially redeem the Class C Notes, subject to (3) below (3) No further partial redemption if remaining amount of each Class C Note is US$1,000
Class C Redemption Premium:    After the Sponsor has achieved a 15% Sponsor
IRR, 5% of total cash balance in the Operating Accounts remaining after application of Clause 1-20 of the Priority of Payments shall be payable to Class C Noteholders as partial redemption premium
Clean-up Option: After full redemption of the Class A and Class B Notes, option to redeem all (but not some only) of the Class C Notes upon the earlier of (i) the
Final Maturity date or (ii) the Total Portfolio NAV falling below US$50mn
Other Details:  Euroclear/Clearstream clearing / Not listed / USD200K denoms / Singapore law
Lead Managers: CS (B&D) / DBS