SINGTEL STREAMLINES ITS ORGANISATION STRUCTURE TO FOCUS ON THREE KEY BUSINESSES

Singapore Telecommunications Limited (SingTel) today unveils a new organisation structure to leverage its key businesses to be the best communications group in Asia Pacific.

Two new leadership positions are created - CEO Singapore and CEO International. Mr Allen Lew, Managing Director of Optus Consumer, will return to Singapore in early 2006 to be CEO Singapore. His successor in Optus will be announced in due course. Ms Chua Sock Koong will lead the new International team while continuing in her current Group CFO role. Mr Paul O'Sullivan remains as CEO Optus.

These three executives will report to Mr Lee Hsien Yang, SingTel Group's President and CEO. With the new organisation structure, Mr Lee's title will be SingTel Group CEO. (Please refer to Annex 1 for the new organisation structure.)

The new organisation structure will be implemented in February 2006.

Mr Lee Hsien Yang said: "As SingTel gears up for the next phase of growth, how we deploy our talents is critical. The new organisation structure will strengthen our three key businesses - Singapore, Australia and international business."

Mr Allen Lew's appointment as CEO Singapore will further strengthen the leadership in Singapore. He will oversee Consumer, Corporate, and Global Businesses, and Networks. Mr Lew is returning to Singapore after spending about seven years overseas in various senior management positions. His first posting was to Advanced Info Service Public Company Ltd (AIS), SingTel's regional mobile associate. He was the COO of AIS for three years before being posted to Optus in late 2001, initially as the Managing Director of Optus Mobile.

The International portfolio comprises the key drivers of SingTel's international business - Strategic Investments and NCS, SingTel's IT business arm. The EVP Strategic Investments, CEO NCS and Group CIO will report to Ms Chua Sock Koong, who will continue to oversee Group Finance and Corporate Affairs. The International team will drive strategic acquisition and international business, and is responsible for SingTel's regional associates.

Separately, Mr Pat O'Sullivan, CFO Optus, has tendered his resignation and will be leaving in early 2006. He will be succeeded by Ms Jeann Low who will relinquish her role as EVP Strategic Investments in early 2006. Mr Lim Chuan Poh will succeed Ms Low as EVP Strategic Investments. Mr Lim will concurrently oversee Consumer Business while an exhaustive search for his replacement is in progress.

Mr Lim Toon, COO of SingTel, will retire in early 2006. A respected veteran of the telco industry, SingTel will leverage on Mr Lim's valuable experience to ensure a smooth transition into the new organisation structure.

Details of senior management biodata are available in SingTel's Annual Report 2004/2005. It can be downloaded from SingTel's website, www.singtel.com