Stock Exchange Of Singapore Conditional Trading Of Initial Public Offering ("IPO") Shares

Chartered Semiconductor Manufacturing Ltd ("CSM") is seeking a dual listing on SES and Nasdaq. For the purpose of the listing, the company is offering shares in the US and other markets, as well as in Singapore. In accordance with US practice, the offering is carried out by way of book building. Following the fixing of the offer price (on day T US time), shares will be allocated to investors and trading will commence on Nasdaq on T+1. Settlement of the offer shares will be on T+5. Between T and T+5, the underwriters of the share offer have the right to terminate the share issue under certain force majeure situations. In the event that the share issue is terminated under such a situation, all trades transacted up to the time the share issue is terminated will become null and void, and will be cancelled. Trading in CSM shares on Nasdaq between T and T+5 will be conditional upon settlement of the offer shares on T+5. To be in line with the practice in the US, the Exchange has decided to introduce Conditional Trading ("CT"). In the case of CSM shares, Conditional Trading will take place from day T+2 to T+5 (in market days). During this 4-day period, trading in CSM shares on the SES will be conditional upon the settlement of the offer shares on T+5. In the event the offer shares are NOT settled, all trades done during this period will become null and void, and will be cancelled. The details of conditional trading on SES are: (a) Trades done on Conditional Trading basis ("CT trades") will be conditional upon the settlement of the offer shares; (b) During this period, the share quotation will have a remark "CT" on the SESOPS trading screen ; (c) Subject to the share issue not being terminated, CT trades will be settled on the same day in the week following the trades, just like "Ready" trades, i.e. trades done on Monday will be settled on the following Monday, and trades done on Tuesday will be settled on the following Tuesday and so on. Investors who sell shares on CT basis must ensure that they will have sufficient shares in the free balance of their CDP securities accounts on the day the sale is due for settlement. Investors who do not have sufficient shares in the free balance of their CDP securities account on due date will be bought in; and (d) Upon settlement of the offer shares, trading on CT basis will cease, and trading on "Ready" basis will commence on the following market day. Notwithstanding the introduction of Conditional Trading, it is expected that most initial public offerings in Singapore will continue to commence trading on "Ready" or "When issued" basis. The Exchange may revise the requirements for Conditional Trading in the light of experience.