SINGTEL'S REGIONAL MOBILE SUBSCRIBER BASE INCREASES TO ALMOST 65 MILLION

Year-on-year growth of 37 per cent

Singapore, 3 May 2005 -- Singapore Telecommunications Limited (SingTel) today announced that its aggregate mobile subscriber base in the region has increased to almost 65 million as at 31 March 2005. The combined mobile subscriber base of SingTel, SingTel Optus and the Group’s four regional associates grew 37 per cent from about 47 million a year ago. On a proportionate basis, SingTel’s subscriber base in the six markets – Australia, India, Indonesia, the Philippines, Singapore and Thailand – increased 34 per cent from a year ago to about 26 million. SingTel’s four Asian mobile associates – Advanced Info Service, Bharti, Globe and Telkomsel – all posted strong subscriber growth year-on-year, ranging from 12 to 69 per cent. Their combined subscriber base grew 42 per cent to 57 million. For the year, SingTel Optus increased its mobile customer base to 5.9 million. In this quarter, the prepaid churn rate has been affected by the introduction of a 60-day recharge expiry period. This has resulted in a one-time reduction of 369,000 prepaid customers. In Singapore, SingTel increased its subscriber base to almost 1.6 million in a highly saturated mobile market with over 90 per cent penetration. During the quarter, SingTel signed up more than 20,000 additional customers. More details of the market and financial performance of the six mobile operations will be available when SingTel announces its results for the quarter ended 31 March 2005 on 5 May 2005.

At a glance:

About SingTel

SingTel, Asia’s leading communications group, is reaping the benefits of an international expansion strategy which has been successfully developed over the last 15 years. With significant operations in Singapore and Australia (through wholly-owned subsidiary SingTel Optus), the Group provides a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms.

SingTel Optus is a leading Australian integrated communications company. Since commencing operations in 1992, Optus has invested more than A$7 billion in the construction of fixed, mobile and satellite networks. Optus’ mobile business unit has captured around one third of the total Australian GSM mobile market.

SingTel is also a strategic investor in four of the region’s most successful mobile operations. It has a 21.5 per cent stake in Advanced Info Service (AIS), Thailand’s largest mobile operator. In India, the Group has a 28.5 per cent effective interest in Bharti Tele-Ventures, the country’s largest GSM operator. One of SingTel’s earliest investments in the region is Globe Telecom in the Philippines. Today, it has a 44.6 per cent stake in the company. SingTel has a 35.0 per cent stake in Indonesia’s largest mobile operator, Telkomsel.

The SingTel Group had a turnover of S$12.0 billion (US$7.17.billion) and net profit after tax of S$4.49 billion (US$2.68 billion) for the year ended 31 March 2004. For the year, AIS, Bharti, Globe and Telkomsel contributed S$927 million in pre-tax earnings (excluding exceptional items) to the Group. The four associates also contributed S$223 million in dividends for the year. More information can be found at www.singtel.com.