2 2 4 5 15 16 16 17 18 18 18 20 20 33 33 33 35 38 39 42 43 64 66 67 69 71 73 149

307.3732.81% 5.44 0.05 3.51 914.4813.43% 50.42 50.31 0.21% 3 25 27.86 2

226.78 34.03% 12 5,522 24,58270% (1) 5 600 36,993 40,389 (2) 100 2,670 7.9% 2008 3

5,500 1. 2. 3. 4. 5. 6. 7. 4

914.48 13.43% 1. 2. 3. 2008 5

08 07 46.88 51.73-9.38% 35.15 35.70-1.54% 43.64 38.43 13.56% 36.57 34.34 6.49% 36.87 35.82 2.93% 35.00 31.78 10.13% 23.59 24.77-4.76% 18.77 18.26 2.79% 68.49 61.22 11.88% 12.08 13.66-11.57% 22.87 19.61 16.62% 39.02 34.86 11.93% 8.38 7.89 6.21% 51.27 50.97 0.59% 38.52 40.48-4.84% 26.14 28.93-9.64% 48.31 35.40 36.47% 24.22 23.67 2.32% 53.67 24.29 120.96% 15.58 16.31-4.48% 31.48 31.14 1.09% 61.41 53.89 13.95% 41.28 40.65 1.55% 0.49 0.93-47.31% 84.15 51.45 63.56% 10.65 50.42 50.31 0.21% 27.86 9.71366.54 8.41 6

34.42% 34.03% 32.81% 5.44 28.75 118.91% 1. 307.37 231.44 32.81% 35.52 37.25 366.54 356.822.72% 358.132.35% 0.590.700.11 2008 7

2. 302.00 195.90 54.16% 30.93 33.56 41.62 2.1 214.18 127.49 68.00% 24.2018.75 367.0728.47% 471.58 34.42% 226.78 34.03% 2.2 37.44 35.68 4.94% 2.3 15.01 14.00 1.01 0.30 8

2.4 26.71 10.89 15.821.34 13.19 3. 12.39 8.51 3.88 3.09 4. 1.683.03 1.35 5. 18% 1.29 5.61 76.99% 6. 5.44 28.75 118.91% 2008 9

7. 1,546.93 1,242.96 24.45% 116.24 8. 2008 2007 6 30 12 31 2.54 1.54 0.36 0.59 0.27 0.52 2008 1-6 2007 0.45 3.41 10

346 1. 2008 2007 1-6 1-6 % 15.25 43.54-65% (315.40) (68.50) 360% 273.46 25.95 954% (26.69) 0.99-2,794% 73.12 32.07 128% (0.93) 0.04-2,511% 45.50 33.10 37% 15.25 131.74 401.69 39.33 2008 11

2. 2.1 116.24 4.48 1.63 0.88 0.29 0.91 5.37 4.69 3.04 7.35 7.02 17.82 41.82 20.94 2.2 124 50 4.26% 12 100 50 4.83% 3655.25% 113.14215.39 12

924.79 412.13 16.9424.120.58 7.14 1.0622.600.072.38 32.4313.26% 5.28% 212.0886.74%+0.82% 2.00%-7.74% 13.24 libor+0.075%- libor+1.25% 1.52 sibor+1.25%-dbs prime rate +0% 7.14 libor+0.30% 2.3 0.30 36.0635.70 2.4 1 1 2 2 3 3 4 4 5 73 100 64 35 76 2008 13

3. 23.925% 0.78 2 25.01% 60% 6.15 49% 1.13 4. 22,893 5. 1,842 1% 34 18 14

6. 40.95 0.69 7. 122.95 13.30 94.495.13 0.18 0.13 12,055,383,4409,000,000,000 74.66% 3,055,383,440 25.34% 12,000,000 0.1%5,066,662,118 42.03% 1,055,124,549 8.75% 2,878,213,333 23.88% 2008 15

% 5,066,662,118 42.03 1,055,124,549 8.75 * 12,000,000 0.10 603,000,000 5.00 416,500,000 3.45 374,466,667 3.11 Horizon Asset Management, Inc. 352,301,520 2.92 332,913,333 2.76 301,500,000 2.50 90,500,000 0.75 Kinetics Asset Management, Inc. 88,905,480 0.74 * 12,000,000 16

XV 2 3 H # 5,066,662,118(L) 42.03%(L) 56.30%(L) # 1,055,124,549(L) 8.75%(L) 11.72%(L) 12,000,000(L) 0.10%(L) 0.39%(L) 603,000,000(L) 5.00%(L) 6.70%(L) L S # 51.98%12,000,000 XV 2 3 2008 17

XV XV 7 8 352 1. (1) (2) (3) 18

(4) (5) (6) 2. 100 100 100% 100% (1) 9.85 1.97 7.88 (2) 100 100 2,670 7.9% 2008 19

20

COSO 2008 21

1. 2. 22

3. 2008 23

15 5 1 3 10 2008 2008 100% 2007 2007 2007 2007 2008 2007 2007 2007 2008 2007 2008 (SinoSing Power Pte. Ltd. 100% 2008 2008 2008 2008 24

(%) 1 1 0 100% 5 5 0 100% 5 5 0 100% 10 10 0 100% 10 9 1 90% 10% 1 1 0 100% 10 10 0 100% 10 10 0 100% 5 5 0 100% 10 8 2 80% 20% 10 9 1 90% 10% 10 8 2 80% 20% 5 5 0 100% 5 5 0 100% 5 5 0 100% 6 3 3 50% 9 8 1 88.89% 11.11% 5 5 0 100% 5 3 2 60% 40% 5 5 0 100% 5 4 1 80% 20% 5 5 0 100% 2008 25

14 26

2008 5 13-2011 5 2008 5 13-2011 5 2008 8 27-2011 5 2008 5 13-2011 5 2008 5 13-2011 5 2008 5 13-2011 5 2008 5 13-2011 5 2008 5 13-2008 8 27 2005 11 17-2008 5 13 2008 27

2008 3 24 2008 3 24 2008 28

2008 4 21 2008 7 10 2008 29

2008 4 21 2008 2008 7 10 2008 30

2007 2008 2007 2008 20072008 2008 2 24 2008 2008 3 24 2008 2008 3 31 2008 2008 4 21 2008 2008 8 26 2008 2008 31

2008 32

6- K 2 C 8610 6649 1999 8610 6649 1860 100031 111 1312 852 2520 2201 852 2520 2241 http://www.hpi.com.cn http://www.hpi-ir.com.hk 2008 33

34

2008 6 30 2008 2007 6 30 12 31 5 104,483,782 90,125,919 8,899,301 8,731,490 2,689,649 3,462,158 2,848,355 2,269,208 21 4,067,060 281,540 211,654 11,845,457 555,266 516,550 389,375 135,631,694 105,745,070 4,479,966 2,319,290 1,217,893 822,131 6 8,104,567 7,876,318 83,892 560 421,178 203,024 220,495 4,550,394 7,312,265 19,060,914 18,551,059 154,692,608 124,296,129 2008 35

2008 6 30 2008 2007 6 30 12 31 1.00 A 9,000,000 9,000,000 1.00 3,055,383 3,055,383 8,988,973 8,988,973 6,096,100 6,096,100 1,050,551 1,674,449 326,218 (159,606) 7 3,616,615 13,963,533 14,497,060 42,321,152 46,928,580 4,810,432 5,151,062 47,131,584 52,079,642 8 2,800,000 2,800,000 8 38,536,687 30,548,338 8 103,287 90,309 9 9,825,881 5,885,615 2,164,775 1,092,545 464,044 423,119 53,894,674 40,839,926 36

2008 6 30 2008 2007 6 30 12 31 10 11,359,157 8,849,363 482,583 955,334 94,237 12,150 60,212 190 78,668 80,140 6,109 8,254 111,613 303,122 212,447 213,403 48,038 11 5,171,675 5,064,690 12 28,767,358 11,670,400 8 7,239,306 4,183,391 8 34,947 36,124 53,666,350 31,376,561 154,692,608 124,296,129 43 63 2008 37

2008 6 30 6 30 2008 2007 4 30,737,116 23,144,059 (58,678) (69,895) (21,418,454) (12,748,974) (865,114) (713,282) (3,744,362) (3,567,940) (1,500,666) (1,400,480) (70,386) (1,077,509) (1,593,852) (1,088,552) (30,199,957) (19,589,614) 478,481 3,484,550 38,481 23,332 (1,633,865) (972,271) 356,671 97,974 (1,238,713) (850,965) 168,214 303,343 (103,980) 86,832 585,671 2,069 8,779 14 (693,929) 3,618,210 15 (129,038) (560,692) (822,967) 3,057,518 (543,808) 2,875,381 (279,159) 182,137 (822,967) 3,057,518 16 (0.05) 0.24 43 63 38

2008 6 30 2008 1 1 12,055,383 8,988,973 6,096,100 1,674,449 18,113,675 5,151,062 52,079,642 2008 6 30 (831,864) (831,864) 207,966 207,966 608,549 608,549 (109,539) (109,539) (210,722) (210,722) 37,930 37,930 (623,898) 326,218 (297,680) 2008 6 30 (543,808) (279,159) (822,967) 2008 39

2008 6 30 2008 6 30 (623,898) 326,218 (543,808) (279,159) (1,120,647) 35,047 35,047 2007 (3,606,334) (100,432) (3,706,766) 4,170 4,170 (159,606) (256) (159,862) 2008 6 30 12,055,383 8,988,973 6,096,100 1,050,551 326,218 13,963,533 (159,606) 4,810,432 47,131,584 2007 1 1 12,055,383 8,988,973 5,454,467 998,825 15,959,861 7,151,183 50,608,692 2007 6 30 848,189 848,189 (127,248) (127,248) 79,105 79,105 (527,366) (527,366) 40

2008 6 30 272,680 272,680 2007 6 30 2,875,381 182,137 3,057,518 2007 6 30 272,680 2,875,381 182,137 3,330,198 (2,216,278) (2,216,278) (53,388) (53,388) 2006 (3,375,507) (446,355) (3,821,862) (30,244) 30,244 2007 6 30 12,055,383 8,988,973 5,424,223 1,271,505 15,489,979 4,617,299 47,847,362 43 63 2008 41

2008 6 30 6 30 2008 2007 1,524,587 4,354,461 17 (31,540,448) (6,850,333) 17 27,346,514 2,594,941 (2,669,347) 99,069 7,312,265 3,207,192 (92,524) 3,838 4,550,394 3,310,099 43 63 42

2008 6 30 1994 6 30 2008 2008 8 27 34 2007 2008 2008 6 30 346.1 12 2008 43

2008 6 30 20072007 100% (i) (ii) 44

2008 6 30 (iii) 2008 45

2008 6 30 12 46

2008 6 30 2008 47

2008 6 30 2008 6 30 27,012,406 3,724,710 30,737,116 128,631 368,399 497,030 (18,549) 478,481 38,481 (1,633,865) 356,671 168,214 168,214 (103,980) 2,069 (693,929) (129,038) (822,967) 2008 48

2008 6 30 2008 6 30 2007 12 31 90,125,919 90,444,225 6,074,396 2,573,327 12,087,363 15,538,800 (410) (265,356) (3,758,167) (7,244,583) (7,044) (10,913,450) (45,319) 104,483,782 90,125,919 2008 6 30 2007 12 31 6,977,180 6,251,958 1,177,960 1,674,933 8,155,140 7,926,891 (50,573) (50,573) 8,104,567 7,876,318 5 60 2008 49

2008 6 30 2008 6 30 2007 12 31 1 7,970,232 7,737,783 1 2 13 3,959 2 3 975 100 3 * 183,920 185,049 8,155,140 7,926,891 * 1.4 2006 12 31 2008 6 30 3 18 2007 12 31 15 28 2008 5 13 2007 0.30 2006 0.28 36.06 200633.76 2008 6 30 35.70 2007 6 3032.81 50

2008 6 30 2008 6 30 2007 12 31 '000 '000 2,800,000 4.60%-5.67% 2,800,000 2,800,000 4.32%-5.67% 2,800,000 32,853,430 3.60%-7.74% 32,853,430 30,684,366 3.60%-7.05% 30,684,366 369,670 5.95%-6.97% 2,535,603 417,630 5.95%-6.97% 3,050,616 1,315,575 2.61%-5.14% 9,023,658 47,455 5.15%-5.51% 346,639 145,236 2.74% 732,061 58,285 2% 631,241 60,946 2% 650,108 45,775,993 34,731,729 8,571 5.81%-5.87% 58,792 10,000 5.80%-5.87% 73,046 6,625 4.25% 33,393 714,286 5.80% 46,049 833,333 5.80% 53,387 138,234 126,433 2008 51

2008 6 30 2007 1210 17 33 5.67% 5.75% 5.90% 5 7 10 6.13 6.10 6.17 2008 540 5.20% 10 5.42% 2008 6 30 2007 12 31 3,778,836 2,072,876 7,580,321 6,776,487 11,359,157 8,849,363 2008 6 30 2007 12 31 1 3,755,812 1,999,247 1 2 20,992 71,515 2 2,032 2,114 3,778,836 2,072,876 1 74,416 276,787 3 108 108 74,524 276,895 3,853,360 2,349,771 52

2008 6 30 2007 8 9 50 3.84% 3644.26% 2008 8 2008 6 30 2007 12 31 '000 '000 273,593 6.12%-7.92% 273,593 302,700 3.00%-10.20% 302,700 2,244,709 1.84%-2.25% 11,314,457 11,588,050 302,700 17,103,700 4.78%-7.47% 17,103,700 11,367,700 4.35%-6.72% 11,367,700 15,000 1.42% 75,608 17,179,308 11,367,700 28,767,358 11,670,400 2008 6 30 2008 6 30346.05 2007 12 31 128.26 1,010.26 2007 12 31 929.20 2008 53

2008 6 30 6 30 2008 2007 1,765,419 1,148,656 106,984 79,261 211,731 2,084,134 1,227,917 (450,269) (255,646) 1,633,865 972,271 3,756,274 3,569,140 (23) 13,101 33,600 23,386 38,054 27,121 103,980 (86,832) (1,714) 1,309 (2,176) (1,512) 54

2008 6 30 2008 6 30 2007 6 30 2007 3 2008 1 1 25% 533%25% 5 18% 2008 6 30-18.60% 2007 6 3015.50% 5.44 2007 6 30 28.75 120.552007 6 30 120.55 2008 6 302007 6 30 2008 55

2008 6 30 6 30 2008 2007 (11,619,181) (6,671,499) (2,758) (5,113) 306,687 (370,189) (58,550) (333,858) 603,411 (20,062,760) (65,750) (322,176) 254,255 (51,454) 8,154 (31,540,448) (6,850,333) 25,513,148 12,545,260 14,704,543 4,150,000 7,246 3,933,302 (7,910,276) (3,799,000) (5,000,000) (3,212,084) (1,729,825) (18,079) (62,442) (2,034,040) (3,624,679) (3,509,052) (12,567) 27,346,514 2,594,941 56

2008 6 30 * * 24 2008 57

2008 6 30 6 30 2008 2007 16,620 23,112 (14,753) (15,150) 1,867 7,962 (68,853) (68,814) 5% (65,750) 100% * (7,080,055) 1,800 2,371 (1,598) (1,554) 202 817 (70,386) (667) (667) (13,000) (13,000) 260,317 (2,808) 450,000 660,000 (60,508) (63,153) (2,808,928) (899,015) (37,395) (143,018) (39,862) (31,914) (99,113) (94,535) (2,974) 58

2008 6 30 * 2008 3 10 100%2008 4 29 100% (1) 9.85 (2)1.76 70.8 6 30 2008 2007 26,799 23,132 (10,737) (8,358) (5,188) (2,235) (1,150) (915) 12,812 9,474 14,056 4,150 (1,397) (785) 2008 6 30 2007 12 31 (i) 1,000,000 (ii) 1,236,901 1,462,140 1,693,007 2,041,783 443,157 100,000 (iii) (69,063) (86,063) (iv) 6,000,000 6,000,000 (v) 4,000,000 2008 59

2008 6 30 6 30 2008 2007 3,581 3,669 808 743 4,389 4,412 2008 6 30 2007 12 31 18,730,539 15,418,352 1,744,081 2,626,945 20,474,620 18,045,297 (i) 2004 2007 2005 2009 2008 6 30 2007 6 30 30.47 39.79 2008 6 30 2007 12 31 2008 6,268,030 8,760,250 2009 8,523,250 7,808,250 14,791,280 16,568,500 60

2008 6 30 (ii) 2004 12 29 192023 12 31 2008 6 30 6.96 2007 12 31 6.81 2008 6 30 2.95 2008 6 30 * 2014 12 31 Gas Supply Pte Ltd. 176 2023 2008 6 30 121,9982008 6 30 0.69 * 2013 12 31 SembCorp Gas Pte Ltd. 1 5 2023 2008 6 30 128,4942008 6 303.36 2008 61

2008 6 30 2008 6 30 2007 12 31 69,063 86,063 2008 3 24 100% 2008 6 30 37.25 2.49 2008 1 12008 6 30 336.19 5.63 21,675,288 74,770 21,750,058 (10,374,425) 11,375,633 62

2008 6 30 1,619,108 1,619,108 6,074,396 5,715,125 614,549 213,757 * 4,098,044 24,767 650 650 165,097 165,097 746,360 746,360 180,595 180,595 1,297,323 1,297,323 (3,007,452) (3,007,452) (14,952) (14,952) (102,592) (102,592) (98,180) (98,180) (1,163,474) (293,474) (35,047) (35,047) 10,374,425 6,411,085 21,675,288 6,580 (1,619,108) 20,062,760 * 2008 7 25 50 4.83% 365 2008 63

2008 6 30 2008 2007 2008 2007 6 30 12 31 6 30 12 31 (1) 4,753,418,755 7,532,760,305 1,752,900,331 5,690,428,161 (2) 421,177,542 (3) 1,177,959,638 1,674,933,239 172,603,550 409,531,418 (4) (1) 6,926,607,535 6,201,384,406 3,327,636,155 3,688,274,755 (5) 906,392,184 537,169,705 659,417,481 357,795,850 2,457,728 2,254,384 2,409,259 2,254,384 150,085,907 (4) (1) 318,327,086 281,757,838 416,332,071 315,983,543 (6) 4,479,965,694 2,319,290,494 2,084,258,496 1,476,464,289 3,747,440 70,860,591 1,510,798 34,837,331 156,911 19,060,914,193 18,551,061,169 8,600,480,581 11,940,889,311 (7) 2,515,500,225 3,346,559,685 2,515,500,225 3,346,559,685 (8) (2) 8,746,447,982 8,511,050,400 23,701,402,147 16,426,523,978 (9) 83,026,303,041 76,062,501,399 41,744,634,712 42,829,128,741 (11) 13,502,495,775 8,803,472,597 11,154,717,300 4,691,088,438 (10) 7,159,226,673 4,079,709,861 4,172,905,380 3,359,053,100 (12) 6,964,146,908 2,321,671,156 1,594,967,629 1,609,885,948 (13) 11,419,631,709 129,441,347 1,528,308 1,528,308 193,684,908 76,232,647 1,578,486 1,837,059 (23) 345,364,510 257,650,147 208,210,524 200,252,359 34,578,011 133,907,379,742 103,588,289,239 85,095,444,711 72,465,857,616 152,968,293,935 122,139,350,408 93,695,925,292 84,406,746,927 64

2008 6 30 2008 2007 2008 2007 6 30 12 31 6 30 12 31 (14) 28,767,357,608 11,670,400,123 8,390,000,000 4,240,000,000 (2) 48,037,961 332,544,000 332,544,000 (15) 3,853,359,963 2,017,227,031 1,494,111,788 1,186,031,317 (16) 212,447,497 213,403,153 153,544,580 162,174,184 (17) 482,583,270 955,334,054 348,196,019 588,784,593 529,679,239 181,088,854 366,389,685 121,649,783 (18) 94,236,786 12,150,000 36,000,000 (19) 6,060,984,109 5,702,416,535 4,155,257,913 3,501,421,087 7,274,252,895 4,219,515,105 3,018,724,493 1,026,684,643 (20) 5,524,269,943 5,228,038,843 5,384,657,663 5,165,580,091 52,847,209,271 30,532,117,698 23,346,882,141 16,324,869,698 (21) 41,439,973,922 33,438,647,481 18,239,976,494 15,896,095,397 (22) 9,825,881,304 5,885,614,909 9,825,881,304 5,885,614,909 301,616,874 277,191,567 245,086,874 220,811,567 (23) 1,875,498,555 770,318,864 596,202,264 759,125,768 720,043,004 469,716,200 714,619,004 464,046,200 54,163,013,659 40,841,489,021 29,621,765,940 23,225,693,841 107,010,222,930 71,373,606,719 52,968,648,081 39,550,563,539 (24) 12,055,383,440 12,055,383,440 12,055,383,440 12,055,383,440 (25) 10,420,905,756 10,700,531,318 8,190,388,595 8,796,231,783 (26) 6,142,345,063 6,142,345,063 6,142,345,063 6,142,345,063 (27) 13,144,758,333 17,221,419,482 14,339,160,113 17,862,223,102 (159,605,917) 41,603,786,675 46,119,679,303 40,727,277,211 44,856,183,388 (28) 4,354,284,330 4,646,064,386 45,958,071,005 50,765,743,689 40,727,277,211 44,856,183,388 152,968,293,935 122,139,350,408 93,695,925,292 84,406,746,927 2008 65

2008 6 30 6 30 2008 2007 2008 2007 (29) (3) 30,790,535,853 23,534,904,094 17,579,101,156 14,812,306,151 (29) (3) (29,345,259,228) (18,942,809,747) (16,903,107,488) (12,118,759,906) (30) (58,678,005) (74,323,927) (9,511,575) (6,351,292) (855,770,369) (769,309,911) (554,859,726) (559,429,352) (694,579) (31) (1,238,712,803) (872,539,438) (303,824,265) (229,571,657) 2,511,243 (6,682,339) 1,646,677 (8,312,619) (103,979,626) (100,179,545) (100,179,545) (32) (4) 177,360,867 1,062,538,924 384,205,892 1,901,966,811 177,360,867 307,720,757 176,411,953 306,551,403 (632,686,647) 3,831,598,111 193,650,671 3,691,668,591 102,242,161 13,905,730 46,013,737 8,504,801 (26,031,823) (15,396,831) (17,899,172) (17,061,127) (185,213) (14,826,841) (22,848) (14,255,854) (556,476,309) 3,830,107,010 221,765,236 3,683,112,265 (33) (144,160,080) (657,348,225) (138,494,349) (292,294,364) (700,636,389) 3,172,758,785 83,270,887 3,390,817,901 38,536,708 (470,327,273) 2,959,711,062 83,270,887 3,390,817,901 (230,309,116) 213,047,723 (34) (0.04) 0.25 (0.04) 0.25 66

2008 6 30 6 30 2008 2007 2008 2007 34,893,241,680 27,756,645,004 20,631,860,133 17,909,030,349 131,208,298 98,093,435 493,128,610 378,504,114 35,024,449,978 27,854,738,439 21,124,988,743 18,287,534,463 (26,223,605,262) (16,242,201,126) (15,652,004,779) (10,281,085,302) (1,603,707,944) (1,554,777,392) (1,070,481,305) (1,066,101,925) (3,058,047,219) (3,420,089,618) (1,915,973,633) (1,917,066,714) (35) (987,668,441) (980,374,756) (638,478,611) (747,541,436) (31,873,028,866) (22,197,442,892) (19,276,938,328) (14,011,795,377) (35) 3,151,421,112 5,657,295,547 1,848,050,415 4,275,739,086 254,255,000 603,945,511 25,200,000 603,411,052 306,686,418 57,708,032 705,290,894 1,270,026 9,863,258 1,417,832 3,523,959 5,017,000 1,458,748 1,148,112 260,542,026 921,953,935 84,325,864 1,313,374,017 (11,623,702,962) (6,785,049,485) (7,324,765,023) (4,661,686,730) (114,526,931) (769,796,763) (1,527,409,352) (823,796,763) (20,062,760,021) (322,176,384) (333,258,940) (31,800,989,914) (8,210,281,572) (8,852,174,375) (5,485,483,493) (31,540,447,888) (7,288,327,637) (8,767,848,511) (4,172,109,476) 2008 67

2008 6 30 6 30 2008 2007 2008 2007 4,170,000 4,170,000 40,224,937,119 17,185,260,406 9,660,224,000 12,358,000,000 3,933,302,352 3,933,302,352 44,490,000 87,090,000 44,340,000 79,590,000 44,206,899,471 17,272,350,406 13,637,866,352 12,437,590,000 (13,174,478,748) (10,591,267,496) (6,376,795,495) (7,837,382,928) (5,251,513,823) (4,889,077,435) (4,202,777,585) (3,964,319,299) (54,344,814) (228,315,633) (61,226,320) (6,276,794) (59,509,500) (4,453,753) (18,487,218,891) (15,486,621,725) (10,639,082,580) (11,806,155,980) 25,719,680,580 1,785,728,681 2,998,783,772 631,434,020 (92,524,232) 3,838,255 3,839,632 4,596,880 (35) (2,761,870,428) 158,534,846 (3,917,174,692) 739,660,510 7,312,264,810 3,228,603,526 5,500,377,727 1,433,164,645 4,550,394,382 3,387,138,372 1,583,203,035 2,172,825,155 68

2008 6 30 2007 1 1 12,055,383,440 10,278,881,619 5,503,477,721 15,228,908,521 6,332,307,763 49,398,959,064 2007 6 30 2,959,711,062 213,047,723 3,172,758,785 320,713,069 320,713,069 (75,938) (75,938) (48,106,959) (48,106,959) 78,847,685 29,334,471 (29,334,471) 400,000 79,247,685 351,377,857 29,334,471 2,930,376,591 213,447,723 3,524,536,642 (1,785,638,900 ) (1,785,638,900 ) (27) (3,375,507,363 ) (446,354,673 ) (3,821,862,036 ) 2007 6 30 12,055,383,440 10,630,259,476 5,532,812,192 14,783,777,749 4,313,761,913 47,315,994,770 2008 69

2008 6 30 2008 1 1 12,055,383,440 10,700,531,318 6,142,345,063 17,221,419,482 4,646,064,386 50,765,743,689 2008 6 30 (470,327,273 ) (230,309,116 ) (700,636,389 ) (831,863,621 ) (831,863,621 ) (110,163 ) (110,163 ) 608,548,831 608,548,831 (210,722,458 ) (210,722,458 ) 136,357,158 136,357,158 18,164,691 18,164,691 (279,625,562 ) (470,327,273 ) (230,309,116 ) (980,261,951 ) 4,170,000 4,170,000 35,046,523 35,046,523 (27) (3,606,333,876 ) (100,431,600 ) (3,706,765,476 ) (159,605,917 ) (255,863 ) (159,861,780 ) 2008 6 30 12,055,383,440 10,420,905,756 6,142,345,063 13,144,758,333 (159,605,917 ) 4,354,284,330 45,958,071,005 70

2008 6 30 2007 1 1 12,055,383,440 7,915,109,729 5,503,477,721 15,368,374,950 40,842,345,840 2007 6 30 3,390,817,901 3,390,817,901 320,713,069 320,713,069 (75,938 ) (75,938 ) (48,106,959) (48,106,959) 159,979,936 29,334,471 264,010,306 453,324,713 432,510,108 29,334,471 3,654,828,207 4,116,672,786 (3,375,507,363) (3,375,507,363) 2007 6 30 12,055,383,440 8,347,619,837 5,532,812,192 15,647,695,794 41,583,511,263 2008 71

2008 6 30 2008 1 1 12,055,383,440 8,796,231,783 6,142,345,063 17,862,223,102 44,856,183,388 2008 6 30 83,270,887 83,270,887 (831,863,621) (831,863,621) (110,163) (110,163) 207,965,905 207,965,905 18,164,691 18,164,691 (605,843,188) 83,270,887 (522,572,301) (3,606,333,876) (3,606,333,876) 2008 6 30 12,055,383,440 8,190,388,595 6,142,345,063 14,339,160,113 40,727,277,211 72

2008 6 30 1994 6 30 2 C 1994 1994 6 30 1994 10 6 1998 3 4 A 2001 12 6 (1) 2008 3 10 2008 3 24 100% 2008 4 29 100% (1) 9.85(2) 100% 1.7670.8 2008 8 27 2008 73

2008 6 30 2006 2 15 2000 12 29 2007 1 1 2006 2 15 38 2007 6 30 2007 2007 6 30 38 2007 8 14 2007 11 1 B H 200738 1 2008 6 30 2007 6 30 2008 6 30 2007 74

2008 6 30 2008 6 30 2008 6 30 2008 6 30 1 1 12 31 (a) 2008 75

2008 6 30 (b) 3 (a) (6)(f) 76

2008 6 30 (b) (7) (c) 12 (d) 12 2008 77

2008 6 30 (e) (6)(f) 78

2008 6 30 (f) 12 2008 79

2008 6 30 (g) (7) 80

2008 6 30 (a) 2008 81

2008 6 30 (a) (b) 82

2008 6 30 (b) (c) 2008 83

2008 6 30 (d) (14) (6)(g) 1 84

2008 6 30 15-35 0%-11% 2.71%-6.67% 5-35 0%-11% 2.71%-20.00% 6-15 0%-11% 6.67%-16.67% 3-18 0%-11% 5.39%-33.33% (14) (14) 2008 85

2008 6 30 (14) (14) 86

2008 6 30 3 2008 87

2008 6 30 1212 88

2008 6 30 (a) (b) (5)(h) (c) 2008 89

2008 6 30 (a) (b) (6) 90

2008 6 30 (a) (b) 2008 91

2008 6 30 92

2008 6 30 (a) (13) (b) 2008 93

2008 6 30 (c) (14) 17% 7% 2007 3 16 2008 1 1 2008 1 1 525% 33% 2008 1 125% 18% 94

2008 6 30 158 632,840,000 75% 16 1997 6 19 810,000,000 60% 2001 12 26 615,760,000 60% 1994 11 29 1,055,000,000 55% 2003 12 16 2003 12 16 1,658,310,000 60% 7 924,050,000 65% 1996 11 6 582,000,000 60% 8 2005 2 2 2008 95

2008 6 30 58 761,838,300 60% 1993 11 22 804,146,700 75% 2004 6 18 291 265,000,000 90% 1995 1 26 291 774,000,000 63.64% 2004 6 22 100,000,000 95% 2004 3 24 298 699,700,000 70% 2005 1 13 200,000,000 100% 2 2007 12 17 2008 3 10 985,000,100 100% 1,178,050,000 100% 1995 3 28 Tuas Power Supply Pte Ltd. 500,000 100% ( TPS ) 2000 6 8 Tuas Power Utilities Pte Ltd. 2 100% ( TPU ) 2005 4 15 TPGS Green Energy Pte Ltd. 1,000,000 75% ( TPGS ) 2006 8 30 New Earth Pte Ltd. 10,111,841 60% ( NewEarth ) 2003 7 10 New Earth Singapore Pte Ltd. 12,516,050 43% ( NewEarth Singapore ) 2005 7 26 96

2008 6 30 2008 6 30 2007 12 31 1,045,378 1 1,045,378 527,828 1 527,828 7,002 5.0405 35,294 3,586,784,623 1 3,586,784,623 7,374,295,988 1 7,374,295,988 22,770,079 6.8591 156,182,246 21,621,508 7.3046 157,936,468 165,605,573 0.0645 10,676,260 331 0.0641 21 198,150,817 5.0405 998,694,954 4,752,338,083 7,532,232,477 4,753,418,755 7,532,760,305 (35) (6) 2008 6 30 2007 12 31 405,774,071 15,403,471 421,177,542 (19,807,703) 31,161,682 36,683,982 48,037,961 2008 6 30 31,161,682 2008 97

2008 6 30 2008 6 30 425,581,774 2008 6 30 2007 12 31 1,058,959,638 1,147,053,239 119,000,000 527,880,000 1,177,959,638 1,674,933,239 2008 6 30 273,593,451 2007 12 31 302,700,123 (14) 98

2008 6 30 (a) 2008 6 30 2007 12 31 7,168,790,674 6,445,737,545 (242,183,139) (244,353,139) 6,926,607,535 6,201,384,406 2008 6 30 2007 12 31 6,793,247,712 95% 6,063,893,333 94% 12,546 3,014,422 * 375,530,416 5% (242,183,139) 378,829,790 6% (244,353,139) 7,168,790,674 100% (242,183,139) 6,445,737,545 100% (244,353,139) * 2008 6 30 3 1.4 2004 2006 12 31 3 2008 6 301,248,789,724 2007 12 31 2,600,482,514 17.42% 2007 12 31 40.34% 2007 12 31 2008 6 30 5% 5% 2007 12 31 2008 99

2008 6 30 (a) 2008 6 30 3,743,514,111 2007 12 31 3,633,240,944 52.22% 2007 12 31 56.37% (b) 2008 6 30 2007 12 31 344,728,372 312,330,931 (26,401,286) (30,573,093) 318,327,086 281,757,838 2008 6 30 2007 12 31 250,549,520 73% (597,447) 168,231,795 54% (597,447) 22,362,123 6% (239,657) 70,828,544 23% (239,657) 3,048,222 1% (21,392) 4,318,332 1% (21,604) 68,768,507 20% (25,542,790) 68,952,260 22% (29,714,385) 344,728,372 100% (26,401,286) 312,330,931 100% (30,573,093) 2008 6 30 55,084,931 2007 12 31 53,352,577 15.98% 2007 12 31 17.08% 2007 12 31 2008 6 30 133,363,395 2007 12 31 141,357,95438.69% 2007 12 31 45.26% 100

2008 6 30 (b) 5% 5% 2007 12 31 2008 6 30 2007 12 31 (%) (%) 882,980,929 98% 510,389,346 95% 4,188,090 9,137,656 2% 2,968,059 1,269,922 16,255,106 2% 16,372,781 3% 906,392,184 100% 537,169,705 100% 2008 6 30 5% 5% 2007 12 31 (7) 2008 101

2008 6 30 2008 6 30 2007 12 31 3,301,145,698 1,324,225,868 1,332,192,727 1,028,346,983 4,633,338,425 2,352,572,851 (153,372,731) (33,282,357) 4,479,965,694 2,319,290,494 2008 6 30 2007 12 31 2,515,500,225 3,346,559,685 2008 6 30 17,171 1.82% 2007 12 31 17,171 1.82% 2008 14.65 2008 6 30 2007 2008 12 31 6 30 (a) 8,392,443,510 257,057,614 (80,210,032) 8,569,291,092 123,515,133 58,550,000 182,065,133 (4,908,243) (4,908,243) 8,511,050,400 315,607,614 (80,210,032) 8,746,447,982 102

2008 6 30 (a) 399 34% 1996 3 20 124,559 25% 1985 7 15 95,556 40% 197,500 1996 10 28 25% 1996 11 5 5,000 20% 26 200,000 1988 5 21 49% 47 80,000 2004 7 12 9.08% 2068 220,250 1993 8 21 2008 103

2008 6 30 (a) 2007 2008 2007 2008 2007 2008 2007 2008 12 31 6 30 12 31 6 30 12 31 * 6 30 12 31 6 30 34% 34% 426,948,218 426,948,218 16,320,817 34,000 (79,462,749 ) (63,107,932) 443,269,035 363,840,286 25% 25% 2,269,785,209 2,269,785,209 1,055,134,365 77,959,998 1,133,094,363 3,324,919,574 3,402,879,572 25 40% 40% 1,382,210,557 1,382,210,557 (94,884,449 ) 214,819 (94,669,630) 1,287,326,108 1,287,540,927 25% 25% 24,295,710 24,295,710 2,599,144 948,912 3,548,056 26,894,854 27,843,766 64 20% 20% 440,634,130 440,634,130 129,862,985 10,581,388 (603,120 ) 139,841,253 570,497,115 580,475,383 49% 49% 1,221,257,497 1,221,257,497 (1,720,673 ) 122,688,757 (144,163 ) 120,823,921 1,219,536,824 1,342,081,418 50 9.08% 9.08% 1,520,000,000 200,000 1,520,200,000 44,429,740 44,429,740 1,520,000,000 1,564,629,740 7,285,131,321 200,000 7,285,331,321 1,107,312,189 256,857,614 (80,210,032 ) 1,283,959,771 8,392,443,510 8,569,291,092 * 2008 6 302007 6 30266,267,600 104

2008 6 30 2007 12 31 2,297,979,338 121,487,381,104 279,266,662 2,849,411,549 126,914,038,653 2,174,931 (2,269,750) 94,819 2,857,350 4,544,574,822 19,138,859 4,566,571,031 12,925,513,872 83,655,583 13,009,169,455 54,541,503 41,340,289 95,881,792 (202,001) (2,304,238) (7,451,748) (9,957,987) (97,976,276) (629,180) (98,605,456) 2008 6 30 2,302,809,618 138,909,461,037 279,266,662 2,985,560,171 144,477,097,488 2007 12 31 723,306,008 48,227,555,413 190,372,707 1,710,303,126 50,851,537,254 3,004,639,570 71,195,853 3,075,835,423 44,666,611 3,486,720,663 5,641,904 112,927,900 3,649,957,078 (159,356) (1,951,517) (7,437,538) (9,548,411) (23,865,540) (548,652) (24,414,192) 2008 6 30 767,813,263 54,693,098,589 196,014,611 1,886,440,689 57,543,367,152 2007 12 31 3,937,195,216 3,937,195,216 (29,767,921) (29,767,921) 2008 6 30 3,907,427,295 3,907,427,295 2008 6 30 1,534,996,355 80,308,935,153 83,252,051 1,099,119,482 83,026,303,041 2007 12 31 1,574,673,330 73,259,825,691 88,893,955 1,139,108,423 76,062,501,399 2008 6 30 2.95 105.15 2007 12 31 2.23 54.44 2008 105

2008 6 30 2008 6 30 3,629,892,418 18,172,045 2007 6 303,480,380,505 7,077,730 2008 6 30 2007 12 31 678,940,758 1,249,784,368 6,471,479,914 2,785,026,235 8,806,001 44,899,258 7,159,226,673 4,079,709,861 106

2008 6 30 2007 2008 12 31 6 30 9,669,320,000 96,998,582 45,007,596 142,006,178 99.84% 8,341,260,000 105,797,868 200,015,931 305,813,799 85.98% 3,997,930,000 3,291,378,499 262,332,090 (3,215,133,773 ) 338,576,816 89.00% 4,401,290,000 870,967,097 1,654,978,871 2,525,945,968 64.33% 4,576,210,000 1,375,521,080 2,208,759,771 3,584,280,851 83.54% 9,210,310,000 1,321,288,204 887,038,413 2,208,326,617 43.73% 5,342,090,000 27,001,938 340,947,916 367,949,854 6.89% 7,322,670,000 391,516,930 470,715,123 862,232,053 27.19% 3,523,290,000 17,550,386 103,979,057 121,529,443 15.71% 3,736,010,000 51,050,493 135,302,101 186,352,594 4.99% 2008 107

2008 6 30 2007 2008 12 31 6 30 4,356,350,000 13,749,355 152,285,008 166,034,363 3.81% 4,625,449,294 60,209,841 68,266,492 128,476,333 16.15% 1,180,442,324 78,258,190 2,658,603,094 (1,351,437,258 ) (895,444 ) 2,564,970,906 8,803,472,597 78,258,190 9,188,231,463 (4,566,571,031 ) (895,444 ) 13,502,495,775 344,580,289 450,269,222 (132,013,666 ) 662,835,845 2008 6 30 450,269,222 6.33% 2007 6 30262,764,515 5.17% 2008 6 30 2007 12 31 108

2008 6 30 2007 2008 12 31 6 30 3,521,957,624 2,103,251,078 847,130,417 2,757,730 (6,317,614 ) (31,182,907) (606,318,920) 2,915,638,704 12.5-66 4,098,043,979 4,098,043,979 (30,984,049 ) 4,067,059,930 241,078,694 218,420,078 1,932,000 (8,080,599) (28,807,215) 212,271,479 0.5-49.33 (232,581,684) 1,758,479 (230,823,205) 2,321,671,156 4,712,592,712 4,689,730 (35,543,184 ) (39,263,506) (635,126,135) 6,964,146,908 2008 6 30 2007 12 31 2008 109

2008 6 30 2007 2008 12 31 6 30 129,441,347 11,375,633,392 (85,443,030) 11,419,631,709 2008 6 30 2008 6 30 2008 2008 6 30 2007 12 31 17,103,700,000 1 17,103,700,000 10,367,700,000 1 10,367,700,000 15,000,000 5.0405 75,607,500 (a) 2,244,709,187 5.0405 11,314,456,657 273,593,451 1 273,593,451 302,700,123 1 302,700,123 1 1,000,000,000 1 1,000,000,000 28,767,357,608 11,670,400,123 110

2008 6 30 (a) 2008 6 30 273,593,451 2007 12 31 302,700,123 (3) 11,314,456,657 2007 12 31 2008 6 302007 12 311,000,000,000 4.78% 2008 6 30 1,837,700,000 6.16% 6.72% 2007 12 31 2,291,500,000 4.40% 6.56% (5) 2008 6 30 5.27% 7.47% 2007 12 31 5.27% 6.72% 1.42% 2007 12 31 6.12% 6.96% 2007 12 31 3.24% 10.20% 1.84% 2.25% 2007 12 31 2008 6 30 2007 12 31 5% 5%3 (7) 2008 111

2008 6 30 2008 6 30 2007 12 31 35,831,951 29,114,429 68,876,735 70,763,830 13,901,529 21,848,801 6,045,141 11,845,394 4,189,160 7,466,174 3,011,148 1,539,563 196,025 89,738 460,055 444,864 25,005,487 27,307,775 20,616,690 12,425,855 48,215,105 51,942,463 212,447,497 213,403,153 2008 6 30 2007 12 31 (13,104,990) 211,418,391 403,929,077 631,046,025 91,759,183 112,869,638 482,583,270 955,334,054 112

2008 6 30 2008 6 30 2007 12 31 36,000,000 20,733,907 5,132,337 4,105,869 10,264,673 18,000,000 12,150,000 94,236,786 12,150,000 2008 6 30 2007 12 31 2,473,970,074 2,041,495,491 2,232,122,598 2,346,633,154 387,108,925 339,518,080 186,567,119 152,362,858 78,667,659 80,140,485 60,211,910 189,963 95,511,772 33,036,499 76,909,473 115,172,502 39,187,358 44,567,548 43,311,367 24,381,151 387,415,854 524,918,804 6,060,984,109 5,702,416,535 2008 113

2008 6 30 2008 6 30 78,667,659 60,211,910 2007 12 31 80,140,485 189,963 5% 5% 2008 6 30 3 22,711 2007 12 31 22,649 (7) 2007 8 9 50 3.84%364 4.26%2008 6 3017,387 2007 12 317,680 114

2008 6 30 2008 6 30 2007 12 31 (a) 2,800,000,000 2,800,000,000 (b) 45,775,992,649 34,731,729,921 (c) 138,234,168 126,432,665 48,714,226,817 37,658,162,586 (7,274,252,895) (4,219,515,105) 41,439,973,922 33,438,647,481 (a) 2008 6 30 2008 6 30 * 600,000,000 2004 2013 4.60% * 200,000,000 2004 2013 5.67% * 2,000,000,000 2005 2015 5.02% 2,800,000,000 * 2008 6 30 2008 115

2008 6 30 (b) 2008 6 30 32,753,430,000 1 32,753,430,000 (6,354,750,000) 26,398,680,000 3.60%-7.74% 783,084,242 6.8591 5,371,253,124 (14,750,256) 5,356,502,868 4.19%-6.97% 58,285,273 10.8302 631,241,165 (76,938,975) 554,302,190 2.00% * 100,000,000 1 100,000,000 (100,000,000) 7.05% 902,160,293 6.8591 6,188,007,663 (692,866,710) 5,495,140,953 2.61%-6.60% 145,235,730 5.0405 732,060,697 732,060,697 2.74% 45,775,992,649 (7,239,305,941) 38,536,686,708 * 16.93 11.32 2007 12 31 20.42 13.36 2008 6 30 40.952007 12 31 (c) 2008 6 30 8,571,428 6.8591 58,792,284 6,625,000 5.0405 33,393,313 714,285,715 0.0645 46,048,571 138,234,168 (34,946,954) 103,287,214 116

2008 6 30 (c) 2008 6 30 2008 6 30 58,792,284 1996 Libor+0.43% (19,597,430) 2011 33,393,313 4.25% 46,048,571 1996 Libor+0.3% (15,349,524) 2011 138,234,168 (34,946,954) 2007 12 10 17 33 5.67% 5.75% 5.90%58.85 2008 5 40 5.20% 39.33 6.13% 6.10% 6.17% 5.42%2008 6 3021,156 2007 12 31 678.90 2008 117

2008 6 30 (a) 2008 6 30 2007 12 31 45,778,034 352,573,941 45,529,918 354,925,767 29,433,149 125,628,040 26,053,399 106,851,557 7,754,684 34,537,118 8,120,746 41,541,014 126,741,825 126,741,825 104,005,864 430,022,131 31,650,954 146,393,818 51,204,259 250,704,530 345,364,510 1,089,155,048 257,650,147 754,022,868 (b) 2008 6 30 2007 12 31 438,565,173 2,435,725,490 10,143,096 64,196,808 798,082,225 4,433,790,137 475,019,062 2,015,239,524 608,750,408 2,435,001,633 163,832,095 791,219,216 151,425,360 768,349,996 1,875,498,555 9,675,974,367 770,318,864 3,267,548,437 118

2008 6 30 2008 6 30 2007 12 31 1,055,124,549 1,055,124,549 5,066,662,118 5,174,892,946 2,878,213,333 2,769,982,505 3,055,383,440 3,055,383,440 12,055,383,440 12,055,383,440 12,055,383,440 12,055,383,440 2008 6 30 2007 12 31 8,598,225,319 8,598,225,319 1,043,741,815 1,667,036,410 326,217,627 452,720,995 435,269,589 1,822,680,437 2,102,305,999 10,420,905,756 10,700,531,318 2008 119

2008 6 30 2008 6 30 2007 12 31 6,109,942,374 6,109,942,374 32,402,689 32,402,689 6,142,345,063 6,142,345,063 6 30 2008 2007 17,221,419,482 15,228,908,521 (470,327,273) 2,959,711,062 (3,606,333,876) (3,375,507,363) (29,334,471) 13,144,758,333 14,783,777,749 2008 5 13 2007 0.30 2006 0.28 3,606,333,876 20063,375,507,363 2008 6 303,570,333,876 2007 6 30 3,280,736,693 120

2008 6 30 2008 6 30 2007 12 31 410,369,805 413,633,255 60,418,691 59,936,183 319,345,429 379,923,457 198,056,077 226,941,201 203,160,480 235,768,602 525,163,545 596,968,026 205,563,433 286,047,758 18,038,002 24,400,213 501,675,367 523,472,837 925,601,630 946,278,005 233,952,578 226,070,591 460,335,244 455,983,924 258,852,412 270,640,334 33,751,637 4,354,284,330 4,646,064,386 6 30 2008 2007 30,711,810,168 29,289,783,690 23,473,955,950 18,899,074,211 78,725,685 55,475,538 60,948,144 43,735,536 30,790,535,853 29,345,259,228 23,534,904,094 18,942,809,747 2008 2007 6 30 17,857,617,520 14,979,206,32458.15% 63.81% 2008 121

2008 6 30 6 30 2008 2007 29,895,378 33,967,031 23,641,108 20,059,813 48,830,307 21,508,507 37,307,036 23,675,723 78,725,685 55,475,538 60,948,144 43,735,536 2008 6 30 2007 6 30 30,021,165 42,289,815 26,963,022 31,609,900 1,693,818 424,212 58,678,005 74,323,927 122

2008 6 30 2008 6 30 2007 6 30 1,633,864,752 1,003,666,244 (38,480,557) (23,642,198) 34,699,608 4,893,618 (415,974,307) (120,657,862) 24,603,307 8,279,636 1,238,712,803 872,539,438 2008 6 30 2007 6 30 187,011,462 567,772,246 177,360,867 307,720,757 34,459 177,360,867 1,062,538,924 2008 6 30 2007 6 30 143,603,437 596,957,776 556,643 60,390,449 144,160,080 657,348,225 2008 123

2008 6 30 2008 6 30 2007 6 30 (470,327,273) 2,959,711,062 12,055,383,440 12,055,383,440 (0.04) 0.25 2008 6 30 124

2008 6 30 (a) 2008 6 30 2007 6 30 (700,636,389) 3,172,758,785 (2,511,243) 6,682,339 3,648,064,463 3,487,458,235 39,263,506 24,609,401 15,577,014 5,899,072 (22,639) 13,100,616 103,979,626 100,179,545 1,270,248,265 893,868,158 (177,360,867) (1,062,538,924) (12,895,011) (5,067,505) (87,096,199) 50,642,770 87,652,841 9,747,680 (1,421,796,310) (667,196,610) (184,004,454) (366,612,751) 602,082,348 (5,087,148) (29,123,839) (1,148,116) 3,151,421,112 5,657,295,547 (b) 2008 6 30 2007 6 30 4,550,394,382 3,387,138,372 (7,312,264,810) (3,228,603,526) (2,761,870,428) 158,534,846 2008 125

2008 6 30 (c) 2008 6 30 2007 12 31 4,753,418,755 7,532,760,305 (203,024,373) (220,495,495) 4,550,394,382 7,312,264,810 (d) 2008 6 30 2007 6 30 70,385,525 242,215,384 230,702,281 745,453,057 679,286,950 987,668,441 980,374,756 126

2008 6 30 2008 6 30 2008 6 30 27,049,501,456 3,741,034,397 30,790,535,853 27,049,501,456 3,741,034,397 30,790,535,853 (26,875,424,476) (3,372,635,266) (30,248,059,742) 174,076,980 368,399,131 542,476,111 (1,238,712,803) (103,979,626) 177,360,867 177,360,867 (9,831,196) (632,686,647) 115,758,097,098 25,585,022,924 141,343,120,022 8,569,291,092 8,569,291,092 3,055,882,821 152,968,293,935 (10,673,879,939) (1,334,208,802) (12,008,088,741) (95,002,134,189) (107,010,222,930) (3,554,377,496) (148,527,487) (3,702,904,983) 3,992,502 (1,481,259) 2,511,243 (11,515,920,067) (107,782,895) (11,623,702,962) 2008 127

2008 6 30 2008 3 24 100% 21,675,288 74,770 21,750,058 (10,374,425) 11,375,633 2007 12 31 1,619,108 1,619,108 1,433,271 180,595 180,595 290,039 1,297,323 1,297,323 1,506,604 746,360 746,360 716,148 5,996,138 5,636,867 5,694,283 4,712,593 238,524 240,193 650 650 611 243,355 243,355 228,968 (102,592) (102,592) (30,311) (98,180) (98,180) (133,837) (3,007,452) (3,007,452) (3,260,003) (14,952) (14,952) (27,482) (1,163,474) (293,474) (284,810) 10,409,472 6,446,132 6,373,674 (35,047) (35,047) (35,949) 10,374,425 6,411,085 6,337,725 21,675,288 6,580 (1,619,108) 20,062,760 128

2008 6 30 2008 6 30 3,741,034 248,856 591,228 (736,813) (a) 2008 6 30 2007 12 31 3,327,636,155 3,688,274,755 3,327,636,155 3,688,274,755 2008 6 30 2007 12 31 3,325,991,155 100% 3,682,615,336 100% 3,014,419 1,645,000 2,645,000 3,327,636,155 100% 3,688,274,755 100% 2008 6 30 2,226,905,651 2007 12 31 2,584,604,465 66.92% 2007 12 31 70.08% 2007 12 31 2008 129

2008 6 30 (a) 2008 6 30 5% 5% 2007 12 31 2008 6 30 2,530,222,809 2007 12 31 2,584,604,465 76.04% 2007 12 31 70.08% 130

2008 6 30 (b) 2008 6 30 2007 12 31 434,248,170 338,071,448 (17,916,099) (22,087,905) 416,332,071 315,983,543 2008 6 30 2007 12 31 380,319,997 88% (592,827) 279,593,041 83% (592,827) 12,595,587 3% (239,657) 12,939,998 4% (239,657) 125,208 (21,392) 4,222,112 1% (21,604 ) 41,207,378 9% (17,062,223) 41,316,297 12% (21,233,817) 434,248,170 100% (17,916,099) 338,071,448 100% (22,087,905) 2008 6 30218,419,446 2007 12 31 137,585,079 50.30% 2007 12 31 40.70% 2007 12 31 2008 6 30268,419,446 2007 12 31 205,795,838 61.81% 2007 12 31 60.87% 2008 6 30 2007 12 31 5% (8) 2008 131

2008 6 30 2007 2008 12 31 6 30 (a) 7,942,368,432 7,065,629,499 (25,200,000) 14,982,797,931 8,365,548,656 256,108,702 (80,210,032) 8,541,447,326 123,515,133 58,550,000 182,065,133 (4,908,243) (4,908,243) 16,426,523,978 7,380,288,201 (105,410,032) 23,701,402,147 132

2008 6 30 (a) 2007 12 31 2008 6 30 2007 2008 12 31 6 30 30 60% 60% 474,038,793 474,038,793 474,038,793 25 75% 75% 469,706,560 469,706,560 433,059,517 36,647,043 90% 90% 693,399,530 693,399,530 292,513,951 400,885,579 63.64% 63.64% 572,573,600 572,573,600 76,368,000 496,205,600 30 60% 60% 374,449,895 374,449,895 134,085,896 240,363,999 50 60% 60% 865,049,311 865,049,311 29,055,599 835,993,712 20 95% 95% 419,100,000 419,100,000 140,100,000 279,000,000 75% 75% 603,110,000 603,110,000 37,500,000 565,610,000 25 55% 55% 472,984,838 472,984,838 200,734,838 272,250,000 30 60% 60% 1,249,218,249 1,249,218,249 740,218,249 509,000,000 25 70% 70% 480,060,000 9,730,000 489,790,000 35,000,000 454,790,000 23 65% 65% 662,717,154 662,717,154 600,675,636 62,041,518 20 60% 60% 405,960,502 (25,200,000) 380,760,502 405,960,502 (25,200,000) 100% 100% 200,000,000 200,000,000 200,000,000 100% 7,055,899,499 7,055,899,499 7,055,899,499 7,942,368,432 7,065,629,499 (25,200,000) 14,982,797,931 10,855,210,480 4,152,787,451 (25,200,000) 2008 133

2008 6 30 2008 6 30 2007 17,099,468,055 16,429,789,151 14,506,236,721 11,835,267,465 479,633,101 473,318,337 306,069,430 283,492,441 17,579,101,156 16,903,107,488 14,812,306,151 12,118,759,906 2008 2007 6 30 13,131,649,394 10,691,010,40776.80% 73.70% 2008 6 30 2007 448,996,785 453,951,931 267,550,907 263,969,612 30,636,316 19,366,406 38,518,523 19,522,829 479,633,101 473,318,337 306,069,430 283,492,441 134

2008 6 30 2008 6 30 2007 6 30 187,011,462 567,772,246 176,411,953 306,551,403 207,793,939 840,631,700 384,205,892 1,901,966,811 2008 135

2008 6 30 23 2 58 158 16 291 291 136

2008 6 30 298 7 8 2 * * TPS * TPU * TPGS * NewEarth * NewEarth Singapore * * 2008 137

2008 6 30 2007 2008 12 31 6 30 20,000,000,000 20,000,000,000 450,000,000 450,000,000 761,838,300 761,838,300 632,840,000 632,840,000 804,146,700 804,146,700 265,000,000 265,000,000 774,000,000 774,000,000 810,000,000 810,000,000 615,760,000 615,760,000 100,000,000 100,000,000 1,055,000,000 1,055,000,000 1,658,310,000 1,658,310,000 685,800,000 13,900,000 699,700,000 924,050,000 924,050,000 582,000,000 582,000,000 200,000,000 200,000,000 985,000,100 985,000,100 1,178,050,000 1,178,050,000 TPS 500,000 500,000 TPU 2 2 TPGS 1,000,000 1,000,000 NewEarth 10,111,841 10,111,841 NewEarth Singapore 12,516,050 12,516,050 138

2008 6 30 2007 2008 12 31 6 30 % % % 1,055,124,549 8.75 12,000,000 0.1 1,067,124,549 8.85 5,066,662,118 42.03 5,066,662,118 42.03 (2) 2008 139

2008 6 30 (a) 2008 2007 6 30 0.7 (b) 1999 1 1 133.4 2008 6 30 66.7 2007 6 3066.7 (c) 2005 1 1 2,600 2008 6 30 1,300 2007 6 301,300 (d) (21)(a)2008 6 30 68,852,5812007 6 3068,813,931 (e) (14) 2008 6 30 60,508,290 2007 6 30 64,559,032 (f) (21)(b) (g) 140

2008 6 30 (h) 2007 11 6 2007 8 8 3 2008 6 30 16,620,0002007 6 3023,111,955 1,800,0002007 6 30 2,371,275 2008 6 30 1,635 2007 6 30 1,670 (i) 2008 6 30 28.09 2007 6 308.99 * (j) 2008 6 30 297 2007 6 30 * (k) 2008 6 30 0.37 2007 6 301.43 * (l) 2008 6 30 3,986 2007 6 303,191 * (m) 2008 6 30 9,911 2007 6 309,454 * (n) 2008 6 30 2007 6 30 2.60 280.75 (o) 2008 6 30 439 2007 6 30441 2008 141

2008 6 30 (p) 100% * 2008 6 30 2007 12 31 2,435,103,278 4,942,264,384 2008 6 30 0.72% 1.53% 2007 12 31 0.72% 1.53% 142

2008 6 30 2008 6 30 2007 12 31 83,492,338 9.21% 400,000 0.04% 560,480 0.10% (6,098,642) 0.16% (8,169,658) 0.40% (3,356,446) 0.09% (4,239,601) 0.21% (62,095,475) 1.61% (261,207,610) 12.95% (3,278,000) 0.16% (2,973,773) 0.08% (78,667,659) 1.30% (80,140,485) 1.41% (60,211,910) 0.99% (189,963) (5,241) (42,882) (5,041) (41,482) (655,670) 0.01% (31,132,339) 0.51% (28,043,212) 0.49% (11,399,336) 0.19% (6,353,796) 0.11% (5,513,760) 1.04% (4,712,876) 2.60% (22,174,167) 4.19% (2,894,072) 1.60% (14) (21) 2008 143

2008 6 30 (a) 2008 6 3022,583,075 2007 6 30 20,551,161 (b) 2008 6 30 7,409,2312007 6 3013,008,834 * (c) 2008 6 30 421,546,834 2007 6 30243,913,282 * (d) 2008 6 30 509,8992007 6 30 856,795 * (e) 2008 6 30 2,500,0002007 6 305,385,248 * (f) * 144

2008 6 30 (g) 2008 6 30 2007 12 31 6,068,160 0.18% 400,754,766 60.77% 3,436,032 0.83% 2,615,304 0.83% 5,779,444 1.39% 13,803,327 4.37% 7,767,869 1.87% 14,098,167 4.46% 8,724,432 2.10% 1,647,629 0.40% 146,250 0.04% 58,500 0.02% 83,419,446 20.04% 65,585,079 20.76% 72,000,000 17.29% 72,000,000 22.79% 62,540 0.02% 42,000,000 27.98% 31,100,861 20.72% 76,985,046 51.30% (320,182,765) 21.43% (429,878) 0.01% (570,482) 0.02% (19,741) (7,000) (24,638) (45,008) (32,000) (29,878) (17,882) (140,000) (2,400) (547,200) 0.01% (29,878) (25,000) 2008 145

2008 6 30 2008 6 30 69,062,500 69,062,500 4,095,001,649 69,062,500 4,164,064,149 2008 6 30 364.24 2007 12 31 185.64 2004 2007 2005 2009 2008 6 30 2008 6,268,030,000 2009 8,523,250,000 14,791,280,000 146

2008 6 30 2008 6 30 2007 12 31 29,253,383 29,253,383 3,253,383 3,253,383 3,253,383 3,253,383 112,765,064 114,391,756 148,525,213 150,151,905 1994 6 1994 629,874,000 30% 2004 12 29 19 2023 12 31 2008 6 30 6.96 2007 12 31 6.81 2008 6 30 (i) 2014 12 31 Gas Supply Pte Ltd. 176 2023 2008 6 30121,998 (ii) 2013 12 31 SembCorp Gas Pte Ltd. 1 5 2023 2008 6 30128,494 2008 147

2008 6 30 2008 7 25 50 4.83% 365 6 30 2008 2007 (700,636,389) 3,172,758,785 (22,639) (514,265,656) (76,187,699) (11,609,515) 1,642,953 78,315,082 (38,536,708) (775,203,774) 2,686,661,988 01 148

2008 6 30 6 30 2008 2007 1 (470,327,273) 2,959,711,062 (a) 25,305,444 5,213,571 (b) (18,707,174) (19,316,013) (c) (14,959,588) (13,778,881) (d) (38,536,708) (d) (140,694,370) (147,655,261) (e) 16,781,554 90,571,528 9,943,246 8,261,178 48,850,016 30,910,222 (543,808,145) 2,875,380,698 2008 149

2008 6 30 2008 6 30 2007 12 31 41,603,786,675 46,119,679,303 (a) (819,139,627) (844,445,071) (b) (66,334,323) (47,627,149) (c) 449,473,419 464,433,007 (d) 2,900,570,801 2,900,570,801 (d) (1,186,679,595) (1,045,985,225) (e) 85,137,567 68,356,013 (189,514,382) (181,404,098) (456,148,876) (504,997,895) 42,321,151,659 46,928,579,686 1 2007 (a) 1% 150

2008 6 30 (b) (c) 2007 1 1 17 (d), 2008 151

2008 6 30 (d) 2007 1 1 100% 10 2007 1 1 (e) 152