The FTSE ST Index Series and the Straits Times Index (“Index Series”) are calculated by FTSE International Limited (“FTSE”) in conjunction with SPH Data
Services Pte Ltd (“SPH”) and data from Singapore Exchange Securities Trading Ltd (“SGX-ST”) (collectively the “Licensor Parties”). All rights in the Index
Series vest in the Licensor Parties with all rights in the Straits Times Index (“STI”) vesting exclusively in Singapore Press Holdings Limited, the holding
company of SPH. “FTSE®” is a trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence. “Singapore
Exchange”, “SGX” and “SGX-ST” are trade marks of Singapore Exchange Ltd and “Straits Times”, Straits Times Index”, “ST” and “STI” are trade marks of
Singapore Press Holdings Limited. The Licensor Parties and their respective licensors accept no liability (including in negligence) for any loss arising out of use
of the Index Series by any person or for any action taken in reliance thereon.