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1 SINGAPORE EXCHANGE Financial Statements for the Quarter Ended 31 March 2011 Section Content Page 1. CEO's Statement 2 2. SGX Group Key Figures 8 3. Income Statements (Group) 9 4. Statement of Comprehensive Income (Group) Detailed Notes on Expenses (Group) Earnings Per Share (Group) Income Statements (Company) Statement of Comprehensive Income (Company) Detailed Notes on Expenses (Company) Statements of Financial Position (Group and Company) Net Asset Value (Group and Company) Borrowings and Debt Securities (Group) Statement of Cash Flows (Group) Statement of s in Equity (Group and Company) Segment Information (Group) Market Statistics and Additional Information (Group) Bank Facilities, Contingent Liabilities and Commitments (Group) Dividend (Company) Share Capital (Company) Accounting Policies (Group) Listing Manual Compliance Checklist (Group) 29 The financial information set out in Sections 3 to 15, 17, 19 to 20 of this announcement have been extracted from the interim financial report that has been prepared in accordance with Singapore Financial Reporting Standard 34 Interim Financial Reporting. Page 1 of 29

2 SINGAPORE EXCHANGE RESULTS FOR THE THIRD QUARTER ENDED 31 MARCH 2011 (3Q FY2011) Revenue: $169 million ($153 million in 3Q FY2010) EBITDA 1 : $103 million ($97 million) Net Profit: $67 million ($75 million) Net Profit excluding ASX-SGX transaction related costs & gain from disposal of premises: $77 million All figures above are quarterly and comparatives are year-on-year unless otherwise stated. For a meaningful review of SGX s underlying performance, discussions in this Statement are based on the financial results which exclude ASX-SGX transaction related costs and gain from disposal of premises. CEO s Statement SGX generated strong operating results in the third quarter amidst global market uncertainty. SGX s net profit for the quarter was up 4% to $77.3 million, excluding the ASX-SGX transaction related costs of $12.0 million and gain from disposal of premises of $1.7 million. This was achieved on the back of a 10% increase in revenue to $168.8 million which helped offset the higher expenses from our continued investments in building SGX s Asian Gateway. The Merger Implementation Agreement with ASX was terminated following the Australian Treasurer s decision to reject the proposed merger on 8 April Nonetheless, SGX, as the Asian Gateway, remains well-positioned to leverage on opportunities within the region s vibrant and dynamic economies. We will continue to pursue organic as well as other strategic growth opportunities. Whilst securities market activities were largely flat with daily average value (SDAV) of $1.7 billion in this quarter, derivatives average volume (DAV) in March was a record of 381,451 contracts per day as the average volatility of the Nikkei225 Index was up almost fourfold to 50% from 13% in February. In the first quarter of 2011, SGX was the third largest capital raising centre in the world, raising a total of $7.5 billion from 11 2 new listings including Hutchison Port Holdings. Hutchison Port Holdings, which raised US$5.5 billion (approximately $6.8 billion), is the world s largest IPO so far this year and South East Asia s largest IPO to-date. This reinforces SGX s global position in the maritime transportation sector and as a favourable environment for listing of business trusts. In addition, there were 79 new bond listings, including two RMB issues, raising a total of $31.1 billion in this quarter. The LME-SGX metal futures contracts in copper, zinc and aluminium were successfully launched in February The total volumes traded since its launch on 15 February were 54,744 contracts. The clearing of OTC Financial Derivatives (Interest Rate Swaps) continued to gain traction with over US$36 billion notional value cleared since the launch on 15 November As at 31 March, there were 11 members participating in this service. SGX welcomed three new members to its derivatives market in this quarter: Royal Bank of Scotland as a Trading Member; SEB as a Trading and a Clearing Member; and UBS as a new Clearing Member for the clearing of OTC Financial Derivatives. 1 Earnings before interest, tax, depreciation and amortisation. 2 Includes nine IPOs and two reverse takeovers. Page 2 of 29

3 We have begun the rollout of the Reach 3 initiative with the opening of the new state-of-the art SGX Data Centre on 11 April This serves as the launch pad for new services including SGX Co-Location Service and the fastest connection to SGX trading systems. The launch of SGX Reach, the new securities trading engine, is scheduled for 15 August Review Period: 3Q FY2011 vs 3Q FY2010 Financial Performance and Interim Dividend SGX s net profit, excluding the ASX-SGX transaction related costs and gain from disposal of premises, was up 4% to $77.3 million (3Q FY2010: $74.6 million), leading to the nine-month profit of $233.2 million 4 compared to $240.4 million a year ago. Revenue was up 10% to $168.8 million from $153.3 million on the back of strong growth in derivatives volume and increased institutional participation in securities market activities. Operating profit for 3Q FY2011 was up 5% to $93.8 million ($89.7 million) and EBITDA was up 7% to $103.4 million ($96.7 million). Expenses were up 18% to $75.0 million ($63.6 million) mainly attributable to Technology expenses which were up $7.9 million to $27.6 million ($19.7 million). This is due to our stepped-up investments: the Reach initiative (including the rental and transition expenses relating to the new SGX Data Centre) and the clearing of OTC Financial Derivatives initiative. The Reach initiative is part of SGX s efforts to expand its membership and distribution network and to promote high frequency trading in SGX markets. Headcount as at 31 March 2011 was 588 (604). SGX s total equity was $748.0 million ($731.2 million) as at 31 March The unrestricted cash reserves were $526.3 million ($454.3 million), including the interim dividend payable of $42.7 million ($39.9 million). Cash flow generated from operations was $96.1 million ($83.2 million). Capital expenditure incurred in this quarter was $15.6 million ($23.2 million), primarily relating to the Reach initiative. Our capital expenditure for FY2011 is expected to remain within the range of $60.0 to $65.0 million as previously announced. SGX s return on equity (ROE) and earnings per share (EPS) excluding the ASX-SGX transaction related costs and gain from disposal of premises were 10.3% (10.2%) and 7.25 cents (7.01 cents), respectively 5. Our board of directors is pleased to declare the interim base dividend for the third quarter of 4.0 cents (3.75 cents) per share, payable on 23 May Developing the world s fastest securities trading engine (offering response times of less than 90 microseconds) supported by a state-of-the-art data centre with co-location facilities and establishing point of presence in four global liquidity hubs: Chicago; London; New York; and Tokyo. 4 Excludes (a) ASX-SGX transaction related costs incurred in 2Q and 3Q, totalling $19.5 million (within the range of $20.0 million as previously indicated); and (b) gain from disposal of premises $1.7 million. Including these items; the reported net profit was $215.4 million; EPS was cents; and ROE was 28.8%. 5 Based on the 3Q FY2011 reported net profit of $67.0 million, SGX s ROE and EPS were 9.0% and 6.28 cents, respectively. Page 3 of 29

4 Performance Review Securities (44% of SGX s revenue) Securities revenue rose 5% to $73.7 million ($70.2 million). SDAV increased 13% to $1.7 billion ($1.5 billion) helping to lift our access revenue by 12% to $15.2 million ($13.5 million). Clearing revenue was up 3% to $57.6 million ($56.0 million) as the proportion of trades above $1.5 million in contract value was seven percentage points higher at 44% (37%). Turnover velocity slipped two percentage points to 62% (64%) reflecting increased risk aversion during the quarter from retail investors. The daily average trading value of our exchange traded funds (ETFs) more than doubled to $40.3 million compared to $14.5 million a year ago. Derivatives (23% of SGX s revenue) Derivatives revenue was 21% higher at $38.8 million ($31.9 million). Futures & Options (F&O) DAV rose 34% to an all time high of 315,650 contracts (234,803 contracts) on increased volatility especially in March. Revenue was 14% higher at $29.0 million ($25.5 million) due to the depreciation of the US dollar and reduced yields. High frequency trading accounted for 31% (26%) of the F&O volume. Structured warrants revenue remained flat at $1.1 million ($1.1 million). DAV of Nikkei 225 and Nifty futures contracts grew strongly, 39% and 47%, respectively, to 147,197 contracts (106,020 contracts) and 56,908 contracts (38,790 contracts). DAV of our MSCI Singapore futures contract was up 6% to 16,097 contracts (15,157 contracts) and MSCI Taiwan futures contract was steady at 71,971 contracts (70,301 contracts). Our FTSE China A50 futures contract continued to gain momentum: this quarter s DAV was 11,034 contracts up from 7,851 contracts in 2Q FY2011. DAV of Nikkei Options contract was 6,265 contracts compared to 7,318 contracts last quarter. In this quarter, our commodities volumes were 101,316 contracts (79,252 contracts), including 54,744 contracts from the newly launched LME-SGX metal futures contracts. We also cleared 42,207 lots (35,782 lots) of OTC Commodities Derivatives, equivalent to a notional value of US$4.5 billion (US$3.7 billion), and OTC Financial Derivatives (Interest Rate Swaps) of US$33.3 billion in notional value. Interest income, license and other revenue increased 63% to $8.7 million ($5.3 million) due to: improved collateral management revenue; higher license revenue on increased F&O volume; and revenue from the newly launched OTC Financial Derivatives. In response to the tragic events in Japan, SGX raised $300,000 for the Japan Disaster Relief from contributions by staff and SGX members; and SGX s clearing revenue from the trading of Nikkei Index products on 25 March. Market Data (5% of SGX s revenue) Market data revenue improved 4% to $8.1 million ($7.8 million) due to increased subscriptions for securities price information. The average number of securities and derivatives terminals for the quarter were 41,871 (40,607) and 24,000 (24,842), respectively. Page 4 of 29

5 Member Services and Connectivity (5% of SGX s revenue) Member Services and Connectivity revenue increased 9% to $9.1 million ($8.4 million). Membership revenue increased 3% to $1.9 million as new members joined our markets. Connectivity revenue rose 11% to $7.2 million ($6.5 million) on increased subscriptions for connections to our securities and derivatives markets on the back of our growing membership base. The new SGX Co-Location service was launched on 18 April 2011, following the opening of SGX Data Centre. Depository Services (14% of SGX s revenue) Depository Services revenue increased 25% to $23.8 million ($19.1 million). Securities settlement revenue rose 42% to $16.8 million ($11.8 million) as settlement instructions for institutional trades increased by 33% to 1.3 million (1.0 million). The contract processing revenue, on the other hand, slipped 4% to $5.5 million ($5.7 million) on reduced retail trades. Issuer Services (9% of SGX s revenue) Issuer Services revenue remained steady at $15.0 million ($15.0 million). Listings revenue was 8% higher at $10.1 million ($9.4 million) primarily due to higher listing revenue from new bond listings. Corporate action revenue, on the other hand, slowed down to $4.9 million ($5.6 million) on reduced corporate action activities. There were 11 (7) new companies listed on SGX Mainboard and SGX Catalist, raising a total of $7.5 billion ($522 million), whilst secondary equity fund raising was $2.3 billion ($532 million) in this quarter. In terms of fixed income listings, there were 79 (48) new issues raising $31.1 billion ($24.5 billion). To enhance SGX Issuer Services, SGX will offer, in partnership with NASDAQ OMX, a comprehensive suite of tools and solutions designed to enhance the investor relation activities of listed companies in Asia. Market Development and Risk Management & Regulation We continue to tap opportunities within Asia s vibrant and dynamic economies by enhancing SGX infrastructure and systems; growing membership and distribution channels; expanding our product & services suite; and further strengthening safeguards in our markets. As we embrace high speed trading and advanced technology to meet the diverse needs of our global trading community, SGX will be introducing enhanced safeguards including circuit breakers and pretrade risk controls. These initiatives will strengthen SGX marketplace by providing the capability to SGX Members and their customers to manage risk exposures more effectively. Separately, we are migrating SICOM contracts (Rubber and Coffee futures) to the SGX platform to allow access to a wider group of market participants. Page 5 of 29

6 Centralised clearing of OTC derivatives continues to gain importance globally. We are encouraged by the take up of SGX AsiaClear s clearing service for OTC Financial Derivatives, as well as OTC Commodities. Expansion of this clearing service for other asset classes, including Foreign Exchange Forwards, is currently underway. In the securities market, we are working closely with market participants on their readiness for the planned Continuous All-Day Trading in second quarter 2011, subject to regulatory approval. A new scalable structure for the securities clearing fund will be implemented, effective 3 May. This structure will better align members contribution to their clearing risk exposures with CDP. Additional collateral will be required for exposures exceeding their typical volume, thereby assuring adequate financial resources in the event of clearing member default. On 1 February 2011, new listing rules were introduced for admission of early stage mineral, oil and gas companies to SGX Catalist. Outlook Market activities in this quarter have been affected by global events. Nonetheless, SGX, with its various initiatives, is well positioned to capture opportunities arising from its Asian Gateway strategy, given the underlying growth trajectory of Asian economies and capital markets. Page 6 of 29

7 Appendix Pro-Forma Financials and Financial Highlights of Third Quarter FY2011 Results 1 January 2011 to 31 March 2011 $ Million 3Q FY2011 3Q FY Months FY Months FY2010 Income Statement Revenue % % Expenses % % Earnings before interest, tax, depreciation and amortisation % % Reported Net Profit attributable to equity holders (10.2%) (10.4%) Add/(less): - ASX-SGX transaction related costs NM NM - ASX-SGX financing related costs NM NM - Net gain on disposal of freehold property (1.7) - NM (1.7) - NM Underlying Profit % (3.0%) Statement of Financial Position Cash and cash equivalent (excluding restricted reserves) % % Capital expenditure (32.7%) % Total equity % % Financial Indicators (a) Based on Reported Net Profit attributable to equity holders Net profit margin (%) (8.8) (7.2) Return on equity (%) (1.2) (4.1) Basic earnings per share (cents) (0.73) (2.40) Operating cash flow per share (cents) (0.84) Interim base dividend per share (cents) (b) Based on Underlying Profit Net profit margin (%) (2.7) (3.6) Return on equity (%) (1.7) Basic earnings per share (cents) (0.73) [Note: SGX s Financial Year is from 1 July to 30 June] Page 7 of 29

8 2. SGX Group Key Figures FY (9.7) Q FY2010 $ million, except where indicated FY2011 FY2010 Key income statement figures (in S$ million) 70.2 Securities Derivatives Market data Member services and connectivity Depository services Issuer services Other revenue Operating revenue Operating expenses Earnings before interest, tax, depreciation and amortisation Operating profit Other gains/(losses) (16.9) Profit before tax Profit attributable to equity holders Interest of equity holders as at 31 March and 31 March 2010 Key cash flows (in S$ million) 83.2 Cash from operating activities Capital expenditure (in S$ million) 23.2 Capital expenditure cash purchases of property, plant and equipment and software accrual/ (reversal of accrual) for property, plant and equipment and software Key data (in cents) 9 months 7.01 Basic earnings per ordinary share Diluted earnings per ordinary share Net asset value per ordinary share as at 31 March and 31 March % 44.4% 55.6% 39.6% Dividend per share (in cents) 3.75 Interim - base Key ratios 28.0% Revenue growth 4.7% 12.4% 41.5% Cost to income ratio 42.9% 39.9% 58.5% Operating profit margin 57.1% 60.1% 48.4% Net profit margin 43.0% 50.2% 9.0% 10.2% Return on shareholders' equity for quarter/ 9 months ended 31 March 2011 and 31 March % 32.9% Page 8 of 29

9 3. Income Statements - Group 1 Jan 2011 to 3 months 1 Jan 2010 to 1 Jul 2010 to 9 months 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % Securities 57,574 55, Securities clearing revenue 176, ,212 (1.3) Securities related processing revenue 3,347 1,584 NM 15,197 13, Access revenue 45,823 42, ,717 70, , , Derivatives 28,956 25, Futures and options revenue 80,489 74, ,147 1, Structured warrants revenue 3,283 4,216 (22.1) 8,652 5, Interest income, license and other revenue 22,963 18, ,755 31, ,735 96, ,106 7, Market data 23,517 22, Member services and connectivity 7,208 6, Connectivity revenue 21,561 18, ,927 1, Membership revenue 6,302 5, ,135 8, ,863 23, Depository services 16,788 11, Securities settlement revenue 46,748 36, ,466 5,700 (4.1) - Contracts processing revenue 16,441 19,164 (14.2) 1,526 1, Depository management revenue 4,584 4, ,780 19, ,773 60, Issuer services 10,149 9, Listing revenue 29,144 27, ,872 5,564 (12.4) - Corporate action and other revenue 18,250 19,399 (5.9) 15,021 14, ,394 47, (70.6) Other revenue 747 2,745 (72.8) 168, , Operating revenue 500, , Operating expenses 28,484 27, Staff 84,598 86,989 (2.7) 27,599 19, Technology 77,774 55, ,549 6, Processing and royalties 20,592 17, ,784 5,085 (5.9) Premises 14,062 14,960 (6.0) 3,417 2, Professional fees 7,574 7, ,159 2, Others 10,143 8, ,992 63, Operating expenses 214, , ,794 89, Operating profit 285, ,129 (0.6) Other gains/(losses) (13.6) - Other revenue including interest income 1,818 2,325 (21.8) (65) (5) NM - Net foreign exchange gain/(loss) (926) (266) NM (5,359) - NM - ASX-SGX transaction related costs (12,859) - NM (6,678) - NM - ASX-SGX financing related costs (6,678) - NM 1,719 - NM - Net gain on disposal of freehold property 1,719 - NM (9,684) 804 NM Other gains/(losses) (16,926) 2,059 NM 84,110 90,519 (7.1) Profit before tax and share of results of joint venture and 268, ,188 (7.2) associated company (836) (874) (4.3) Share of results of joint venture and associated company (1,854) (1,001) 85.2 (16,250) (15,018) 8.2 Tax (51,143) (47,739) ,024 74,627 (10.2) Net profit after tax 215, ,448 (10.4) Attributable to: 67,024 74,627 (10.2) Equity holders of the Company 215, ,448 (10.4) NM: Not meaningful. Page 9 of 29

10 4. Statement of Comprehensive Income - Group 1 Jan 2011 to 3 months 9 months 1 Jan 2010 to 1 Jul 2010 to 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % 67,024 74,627 (10.2) Net profit after tax 215, ,448 (10.4) Other comprehensive income: (64) 14 NM Net currency translation differences of financial statements of (146) 135 NM associated company (376) (584) (35.6) Fair value gains/(losses) arising from cash flow hedges 1,433 (495) NM (440) (570) (22.8) Other comprehensive income/ (expense) for the period, net of tax 1,287 (360) NM 66,584 74,057 (10.1) Total comprehensive income for the period 216, ,088 (9.8) Total comprehensive income attributable to: 66,584 74,057 (10.1) Equity holders of the Company 216, ,088 (9.8) 5. Detailed Notes on Expenses - Group 1 Jan 2011 to 3 months 1 Jan 2010 to 1 Jul 2010 to 9 months 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % Operating expenses Staff 16,586 14, Staff costs (excluding variable bonus) 46,973 44, ,156 9, Variable bonus (including CPF) 27,009 28,594 (5.5) 2,742 3,569 (23.2) - Share-based payment to employees 10,616 14,293 (25.7) 28,484 27, ,598 86,989 (2.7) Technology 17,194 12, System maintenance and rental 48,682 37, ,163 6, Depreciation and amortisation 26,119 16, , Communication charges 2,973 2, ,599 19, ,774 55, ,549 6, Processing and royalties 20,592 17, Premises 4,363 4,636 (5.9) - Rental and maintenance of premises 12,845 13,615 (5.7) (6.2) - Depreciation of furniture and fittings, buildings and leasehold 1,217 1,345 (9.5) improvements 4,784 5,085 (5.9) 14,062 14,960 (6.0) 3,417 2, Professional fees 7,574 7, Others (12.9) - Marketing 3,635 1,607 NM Travelling 1,636 1, (16.4) - Allowance/(reversal) for impairment of trade receivables (net) (26.3) (100.0) - Net write-off/impairment of property, plant and equipment (100.0) and software Net (gain)/loss on disposal of property, plant and equipment - (15) (100.0) and software Directors' fee 1,442 1,508 (4.4) MAS regulatory fee 1,125 1, Miscellaneous 1,940 2,020 (4.0) 3,159 2, ,143 8, ,992 63, Operating expenses 214, , Page 10 of 29

11 6. Earnings Per Share - Group 1 Jan 2011 to 3 months 9 months 1 Jan 2010 to 1 Jul 2010 to 1 Jul 2009 to Cents Cents Earnings per ordinary share for the period Cents Cents (a) Based on weighted average number of ordinary shares in issue (b) On a fully diluted basis Weighted average number of ordinary shares in issue for basic earnings 1,067,037 1,064,371 1,066,489 1,063,737 per share ('000) Adjustment for assumed exercise of share options and vesting of shares 4,306 6,958 4,247 6,657 granted under other share plans ('000) Weighted average number of ordinary shares for diluted earnings 1,071,343 1,071,329 1,070,736 1,070,394 per share ('000) Page 11 of 29

12 7. Income Statements - Company 1 Jan 2011 to 3 months 1 Jan 2010 to 1 Jul 2010 to 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % Operating revenue 40,038 29, Management fees from subsidiaries 115,256 95, ,060 - NM - Dividends from subsidiaries 135, ,556 (29.1) 120,098 29,557 NM 250, ,373 (12.5) Market data Depository services 3,725 3,748 (0.6) - Contracts processing revenue 10,896 12,634 (13.8) (24.1) Other revenue (57.8) 123,993 33,522 NM Operating revenue 261, ,949 (12.7) Operating expenses 22,704 19, Staff 65,970 64, ,684 6, Technology 29,773 17, (70.4) Processing and royalties (49.7) 3,931 4,015 (2.1) Premises 11,546 11,599 (0.5) 2,568 1,092 NM Professional fees 5,692 3, ,880 1,927 (2.4) Others 7,015 5, ,842 32, Operating expenses 120, , , NM Operating profit 141, ,084 (27.9) Other gains/(losses) Impairment loss on investment in subsidiary (1) - (20,827) (100.0) (32.6) - Other revenue including interest income 1,347 1,670 (19.3) (133) (25) NM - Net foreign exchange gain/(loss) (165) (266) (38.0) (5,359) - NM - ASX-SGX transaction related costs (12,859) - NM (6,678) - NM - ASX-SGX financing related costs (6,678) - NM 1,719 - NM - Net gain on disposal of freehold property 1,719 - NM (10,081) 524 NM Other gains/(losses) (16,636) (19,423) (14.3) 72,070 1,057 NM Profit before tax 124, ,661 (29.4) (481) 324 NM Tax (2) (2,956) 524 NM 71,589 1,381 NM Net profit after tax attributable to equity holders of the 121, ,185 (31.3) Company NM: Not meaningful. For the 9 months ended 31 March 2010 Arose mainly from the tax deduction relating to the vesting of share-based compensation plans in November For the 3 months ended 31 March 2010 Due to higher deferred tax asset recognised compared to the tax payable for the period. 9 months (1) The impairment loss on investment in subsidiary reflects the write-down of the carrying amount of the Company's investment in SGX Investment (Mauritius) Limited ("SGXM") to the net asset value of the subsidiary, following the repatriation of dividends from SGXM to the Company. This has no impact on the Group's results. (2) The Company's tax income: Page 12 of 29

13 8. Statement of Comprehensive Income - Company 1 Jan 2011 to 3 months 1 Jan 2010 to 1 Jul 2010 to 9 months 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % 71,589 1,381 NM Net profit after tax 121, ,185 (31.3) Other comprehensive income/ (expense) for the period, net of tax 71,589 1,381 NM Total comprehensive income for the period 121, ,185 (31.3) Total comprehensive income attributable to: 71,589 1,381 NM Equity holders of the Company 121, ,185 (31.3) 9. Detailed Notes on Expenses - Company 1 Jan 2011 to 3 months 1 Jan 2010 to 1 Jul 2010 to 1 Jul 2009 to S$'000 S$'000 % S$'000 S$'000 % Operating expenses 9 months Staff 12,792 9, Staff costs (excluding variable bonus) 35,245 30, ,170 6, Variable bonus (including CPF) 20,109 19, ,742 3,569 (23.2) - Share-based payment to employees 10,616 14,293 (25.7) 22,704 19, ,970 64, Technology 8,771 4, System maintenance and rental 24,792 13, ,006 (8.4) - Depreciation and amortisation 2,697 2,818 (4.3) Communication charges 2,284 1, ,684 6, ,773 17, (70.4) Processing and royalties (49.7) Premises 3,547 3,602 (1.5) - Rental and maintenance of premises 10,438 10, (7.0) - Depreciation of furniture and fittings, buildings and leasehold 1,108 1,235 (10.3) improvements 3,931 4,015 (2.1) 11,546 11,599 (0.5) 2,568 1,092 NM Professional fees 5,692 3, Others (18.1) - Marketing 2,538 1,055 NM Travelling (100.0) - Net write-off/impairment of property, plant and equipment (100.0) and software Net (gain)/loss on disposal of property, plant and equipment - (15) (100.0) and software Directors' fee 1,442 1,463 (1.4) MAS regulatory fee Miscellaneous 1,824 1,953 (6.6) 1,880 1,927 (2.4) 7,015 5, ,842 32, Operating expenses 120, , Page 13 of 29

14 10. Statements of Financial Position - Group and Company Group Company As at As at 30 Jun 2010 As at As at 30 Jun 2010 S$'000 S$'000 S$'000 S$'000 Assets Current assets 674, ,591 Cash and cash equivalents 491, ,611 1,430, ,660 Trade and other receivables 7,309 6,995 1,431 - Derivative financial instruments ,000 30,000 Securities clearing funds - - 2,137,257 1,166, , ,606-21,700 Non-current asset held-for-sale - 21,700 2,137,257 1,187, , ,306 Non-current assets 73,256 73,256 Financial assets, available-for-sale 73,256 73,256 29,145 9,590 Property, plant and equipment 28,226 8, , ,032 Software 7,226 8, Club memberships Investments in subsidiaries 404, ,591 3,389 - Investments in joint venture - - 4,600 4,145 Investments in associated companies 4,389 4,389 3,433 4,846 Deferred tax assets 3,433 4, , , , ,686 2,368,426 1,401,116 Total assets 1,020,818 1,018,992 Liabilities Current liabilities 1,498, ,031 Trade and other payables 447, ,630 42,687 - Dividends payable 42, Derivative financial instruments ,382 70,112 Taxation 5,272 2,980 7,180 7,150 Provisions 4,774 4,256 1,612, , , ,015 Non-current liabilities 7,519 7,457 Deferred tax liabilities - - 7,519 7, ,620, ,194 Total liabilities 500, , , ,922 Net assets 520, ,977 Equity Capital and reserves attributable to the Company's equity holders 419, ,777 Share capital 419, ,777 (31,156) (41,775) Treasury shares (31,156) (41,775) 1,188 (245) Cash flow hedge reserve - - (673) (527) Currency translation reserve ,021 34,021 Derivatives clearing fund reserve - - (3,700) (3,700) Fair value reserve (3,700) (3,700) 25,000 25,000 Securities clearing fund reserve ,066 30,878 Share-based payment reserve 22,066 30, , ,624 Retained profits 113, , ,869 Proposed dividends - 167, , ,922 Total equity 520, ,977 Page 14 of 29

15 11. Net Asset Value - Group and Company Group As at As at 30 Jun 2010 As at As at 30 Jun 2010 Cents Cents Cents Cents Net asset value per ordinary share based on issued share capital as at the end of the reporting period Company Borrowings and Debt Securities - Group (a) Aggregate amount of Group's borrowings and debt securities As at As at 30 Jun 2010 Secured Unsecured Secured Unsecured S$'000 S$'000 S$'000 S$'000 Nil Nil Amount repayable in one year or less, or on demand Nil Nil Nil Nil Amount repayable after one year Nil Nil (b) Details of any collaterals None. Page 15 of 29

16 13. Statement of Cash Flows - Group 3 months ended 9 months ended S$'000 S$'000 S$'000 S$'000 Cash flows from operating activities 84,110 90,519 Profit before tax and share of results of joint ventures and associated company 268, ,188 Adjustments for: 9,584 6,997 Depreciation and amortisation 27,336 17, Net (gain)/loss on disposal of property, plant and equipment and software - (15) (1,719) - Net gain on disposal of freehold property (1,719) Net write-off/impairment of property, plant and equipment and software Grant income for property, plant and equipment and software (444) (55) - - Net (gain)/loss on sale of club memberships ,742 3,569 Share-based payment to employees 10,616 14, Dividend income - (609) (699) (855) Interest income (2,304) (3,135) 94, ,394 Operating cash flow before working capital change 301, ,257 in working capital (935,217) (21,266) Trade and other receivables (967,973) (110,597) 965,084 49,814 Trade and other payables 998, ,927 (1,076) (14,680) (Accrual)/ reversal of accrual for property, plant and equipment and software (9,792) (12,555) 122, ,262 Cash generated from operations 322, ,032 (26,691) (31,014) Income tax paid (55,666) (60,698) 96,118 83,248 Net cash provided by operating activities 267, ,334 Cash flows from investing activities (14,516) (8,471) Purchases of property, plant and equipment and software (33,946) (29,136) 23,449 - Proceeds from disposal of property, plant and equipment and software 23, Grant received for property, plant and equipment and software Dividend received Interest received 2,380 3,278 (1,270) - Investment in joint venture (7,828) Repayment of loans by a joint venture 2, Sale of club memberships - 3 8,454 (7,832) Net cash provided by/(used in) investing activities (12,301) (25,151) Cash flows from financing activities Net proceeds from issue of ordinary shares (5,000) Contributions to securities clearing fund - (5,000) - - Purchase of treasury shares - (17,711) (42,684) (39,914) Dividends paid (253,247) (244,469) (42,226) (44,862) Net cash provided by/(used in) financing activities (252,520) (266,545) 62,346 30,554 Net increase in cash and cash equivalents held 2,247 (16,362) 463, ,725 Cash and cash equivalents at the beginning of the period 536, , Increase/(decrease) in cash set aside for Singapore Exchange Derivatives Clearing Limited's ("SGX-DC") Clearing Fund (12,565) - 526, ,279 Cash and cash equivalents at the end of the period 526, ,279 3 months ended 9 months ended S$'000 S$'000 S$'000 S$'000 For the purposes of the Statement of Cash Flow, the cash and cash equivalents comprised the following: 674, ,800 Cash and cash equivalents (as in Statement of Financial Position - Group) 674, ,800 (148,586) (174,521) Less : Cash set aside for SGX-DC's Clearing Fund (148,586) (174,521) 526, ,279 Cash and cash equivalents per Statement of Cash Flow 526, ,279 1 This relates to the translation difference of the US$10 million set aside for SGX-DC's Clearing Fund with the launch of Over-The-Counter financial derivatives contracts. Page 16 of 29

17 14(a). Statement of s in Equity - Group and Company Attributable to equity holders of the Company Share capital Treasury shares Cash flow hedge Currency translation Derivatives clearing fund Fair value Securities clearing fund Share-based payment Retained profits Proposed dividends Total Total Equity $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 (i) Consolidated - 3Q FY2011 Balance at 1 January ,763 (31,156) 1,564 (609) 34,021 (3,700) 25,000 19, , , ,932 s in equity for period Dividends paid - 2Q FY Over/(under)-provision of interim base dividend (8) - (8) (8) Dividend payable - 3Q FY Interim base dividend (42,687) - (42,687) (42,687) Issue of ordinary shares (114) Employee share plan - value of employee services , ,742 2, ,628 (42,695) - (39,495) (39,495) Total comprehensive income for the period - - (376) (64) ,024-66,584 66,584 Balance at 31 March ,335 (31,156) 1,188 (673) 34,021 (3,700) 25,000 22, , , ,021 (ii) Consolidated - 3Q FY2010 Balance at 1 January ,598 (41,775) 684 (495) 34,021 (3,700) 25,000 24, , , ,387 s in equity for period Dividend payable - 3Q FY Interim base dividend (39,915) - (39,915) (39,915) Issue of ordinary shares (15) Employee share plan - value of employee services , ,569 3, ,554 (39,915) - (36,294) (36,294) Total comprehensive income for the period - - (584) ,627-74,057 74,057 Balance at 31 March ,665 (41,775) 100 (481) 34,021 (3,700) 25,000 28, , , ,150 * These reserves are not available for distribution as dividends to the equity holders of the Company. Page 17 of 29

18 14(a). Statement of s in Equity - Group and Company Attributable to equity holders of the Company Share capital Treasury shares Cash flow hedge Currency translation Derivatives clearing fund Fair value Securities clearing fund Share-based payment Retained profits Proposed dividends Total Total Equity $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 (iii) Company - 3Q FY2011 Balance at 1 January ,763 (31,156) (3,700) - 19,438 84, , ,066 s in equity for period Dividends paid - 2Q FY Over/(under)-provision of interim base dividend (8) - (8) (8) Dividend payable - 3Q FY Interim base dividend (42,687) - (42,687) (42,687) Issue of ordinary shares (114) Employee share plan - value of employee services , ,742 2, ,628 (42,695) - (39,495) (39,495) Total comprehensive income for the period ,589-71,589 71,589 Balance at 31 March ,335 (31,156) (3,700) - 22, , , ,160 (iv) Company - 3Q FY2010 Balance at 1 January ,598 (41,775) (3,700) - 24, , , ,545 s in equity for period Dividend payable - 3Q FY Interim base dividend (39,915) - (39,915) (39,915) Issue of ordinary shares (15) Employee share plan - value of employee services , ,569 3, ,554 (39,915) - (36,294) (36,294) Total comprehensive income for the period ,381-1,381 1,381 Balance at 31 March ,665 (41,775) (3,700) - 28, , , ,632 * These reserves are not available for distribution as dividends to the equity holders of the Company. Page 18 of 29

19 14(b). Statement of s in Equity - Group and Company Share capital Treasury shares Cash flow hedge Currency translation Attributable to equity holders of the Company Derivatives clearing fund Fair value Securities clearing fund $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 (v) Consolidated - 9 months FY2011 Balance at 1 July ,777 (41,775) (245) (527) 34,021 (3,700) 25,000 30, , , , ,922 s in equity for period Dividends paid - FY Final base and variable dividend (167,869) (167,869) (167,869) - FY Over/(under)-provision of final base and variable dividend (19) - (19) (19) - 1Q FY Interim base dividend (42,638) - (42,638) (42,638) - 1Q FY Over/(under)-provision of interim base dividend (37) - (37) (37) - 2Q FY Interim base dividend (42,676) - (42,676) (42,676) - 2Q FY Over/(under)-provision of interim base dividend (8) - (8) (8) Dividend payable - 3Q FY Interim base dividend (42,687) - (42,687) (42,687) Issue of ordinary shares (188) Employee share plan - value of employee services , ,616 10,616 Vesting of shares under performance share plans 8,643 10, (19,240) Tax effect on treasury shares ^^ ,558 10, (8,812) (128,065) (167,869) (284,569) (284,569) Total comprehensive income for the period - - 1,433 (146) , , ,668 Balance at 31 March ,335 (31,156) 1,188 (673) 34,021 (3,700) 25,000 22, , , ,021 Share-based payment Retained profits Proposed dividends Total Total Equity (vi) Consolidated - 9 months FY2010 Balance at 1 July ,851 (42,826) 595 (616) 34,021 (3,700) 25,000 23, , , , ,105 s in equity for period Dividends paid - FY Final base and variable dividend (164,879) (164,879) (164,879) - FY Over/(under)-provision of final base and variable dividend Q FY Interim base dividend (39,829) - (39,829) (39,829) - 1Q FY Over/(under)-provision of interim base dividend (92) - (92) (92) - 2Q FY Interim base dividend (39,914) - (39,914) (39,914) Dividend payable - 3Q FY Interim base dividend (39,915) - (39,915) (39,915) Issue of ordinary shares (171) Employee share plan - value of employee services , ,293 14,293 Purchase of treasury shares - (17,711) (17,711) (17,711) Vesting of shares under performance share plans (8,992) 18, (9,646) Tax effect on treasury shares ^^ (8,186) 1, ,476 (119,505) (164,879) (287,043) (287,043) Total comprehensive income for the period - - (495) , , ,088 Balance at 31 March ,665 (41,775) 100 (481) 34,021 (3,700) 25,000 28, , , ,150 * These reserves are not available for distribution as dividends to the equity holders of the Company. ^^ The tax effect relates to the deferred tax benefit/(liability) on the difference between consideration paid for treasury shares and share-based payment to employees. Page 19 of 29

20 14(b). Statement of s in Equity - Group and Company Attributable to equity holders of the Company Share capital Treasury shares Cash flow hedge Currency translation Derivatives clearing fund Fair value Securities clearing fund Share-based payment Retained profits Proposed dividends Total Total Equity $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 (vii) Company - 9 months FY2011 Balance at 1 July ,777 (41,775) (3,700) - 30, , , , ,977 s in equity for period Dividends paid - FY Final base and variable dividend (167,869) (167,869) (167,869) - FY Over/(under)-provision of final base and variable dividend (19) - (19) (19) - 1Q FY Interim base dividend (42,638) - (42,638) (42,638) - 1Q FY Over/(under)-provision of interim base dividend (37) - (37) (37) - 2Q FY Interim base dividend (42,676) - (42,676) (42,676) - 2Q FY Over/(under)-provision of interim base dividend (8) - (8) (8) Dividend payable - 3Q FY Interim base dividend (42,687) - (42,687) (42,687) Issue of ordinary shares (188) Employee share plan - value of employee services , ,616 10,616 Vesting of shares under performance share plans 8,643 10, (19,240) Tax effect on treasury shares ^^ ,558 10, (8,812) (128,065) (167,869) (284,569) (284,569) Total comprehensive income for the period , , ,752 Balance at 31 March ,335 (31,156) (3,700) - 22, , , ,160 (viii) Company - 9 months FY2010 Balance at 1 July ,851 (42,826) (3,700) - 23, , , , ,490 s in equity for period Dividends paid - FY Final base and variable dividend (164,879) (164,879) (164,879) - FY Over/(under)-provision of final base and variable dividend Q FY Interim base dividend (39,829) - (39,829) (39,829) - 1Q FY Over/(under)-provision of interim base dividend (92) - (92) (92) - 2Q FY Interim base dividend (39,914) - (39,914) (39,914) Dividend payable - 3Q FY Interim base dividend (39,915) - (39,915) (39,915) Issue of ordinary shares (171) Employee share plan - value of employee services , ,293 14,293 Purchase of treasury shares - (17,711) (17,711) (17,711) Vesting of shares under performance share plans (8,992) 18, (9,646) Tax effect on treasury shares ^^ (8,186) 1, ,476 (119,505) (164,879) (287,043) (287,043) Total comprehensive income for the period , , ,185 Balance at 31 March ,665 (41,775) (3,700) - 28, , , ,632 * These reserves are not available for distribution as dividends to the equity holders of the Company. ^^ The tax effect relates to the deferred tax benefit/(liability) on the difference between consideration paid for treasury shares and share-based payment to employees. Page 20 of 29

21 15(a). Segment Information - Group 3 Months ended 31 March Months ended 31 March 2010 Securities Market Derivatives Market Other Operations Group Reporting by Market Securities Market Derivatives Market Other Operations Group S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 SEGMENT REVENUE 121,393 47, ,786 External revenue 111,970 40, , Inter-segment revenue ,448 47, , ,024 40, ,373 (55) (2) - (57) Less: Consolidation elimination (54) (1) - (55) 121,393 47, ,786 Segment revenue 111,970 40, ,318 RESULTS 74,994 18, ,794 Operating profit 77,144 12, ,715 (9,684) Other gains/ (losses) (Unallocated) 804 (836) Share of results of joint venture and (874) associated company (16,250) Tax (15,018) 67,024 Net profit after tax 74,627 SEGMENT ASSETS 1,509, ,073 14,207 1,798,483 Segment assets 778, ,402 7,056 1,007, ,943 Unallocated assets 531,674 2,368,426 Consolidated total assets 1,539,672 SEGMENT LIABILITIES 1,415,731 77,635 7,678 1,501,044 Segment liabilities 642,281 58,320 2, , ,361 Unallocated liabilities 105,690 1,620,405 Consolidated total liabilities 808,522 OTHER INFORMATION 9,526 6,066-15,592 Additions to property, plant and equipment and software 18,026 5,125-23,151 4,354 5,230-9,584 Depreciation and amortisation 2,892 4,105-6,997 Page 21 of 29

22 15(b). Segment Information - Group 9 months ended 31 March months ended 31 March 2010 Securities Market Derivatives Market Other Operations Group Reporting by Market Securities Market Derivatives Market Other Operations Group S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 SEGMENT REVENUE 367, , ,047 External revenue 353, ,501 2, , Inter-segment revenue , , , , ,512 2, ,596 (173) (8) - (181) Less: Consolidation elimination (200) (11) - (211) 367, , ,047 Segment revenue 353, ,501 2, ,385 RESULTS 231,030 53, ,304 Operating profit 245,810 39,522 1, ,129 (16,926) Other gains/ (losses) (Unallocated) 2,059 (1,854) Share of results of joint venture and (1,001) associated company (51,143) Tax (47,739) 215,381 Net profit after tax 240,448 SEGMENT ASSETS 1,509, ,073 14,207 1,798,483 Segment assets 778, ,402 7,056 1,007, ,943 Unallocated assets 531,674 2,368,426 Consolidated total assets 1,539,672 SEGMENT LIABILITIES 1,415,731 77,635 7,678 1,501,044 Segment liabilities 642,281 58,320 2, , ,361 Unallocated liabilities 105,690 1,620,405 Consolidated total liabilities 808,522 OTHER INFORMATION 23,314 20,424-43,738 Additions to property, plant and equipment and software 19,513 22,178-41,691 12,800 14,536-27,336 Depreciation and amortisation 8,749 8,661-17,410 Page 22 of 29

23 16. Market Statistics and Additional Financial Information (Group) Securities Market 3Q FY2011 3Q FY2010 YTD FY2011 YTD FY2010 Clearing Fees ($ million) % (1.3%) Contract values < $1.5 million 56% 63% (7%) 56% 64% (8%) Contract values > $1.5 million 44% 37% 7% 44% 36% 8% Trading Value: Quarter/YTD ($ billion) % % Daily average ($ billion) % % Trading Volume: Quarter/YTD (billion shares) (7.2%) (9.6%) Daily average (billion shares) (8.7%) (10.1%) Turnover Velocity (%) (2) (6) Number of Listings, of which overseas company listings Funds raised via Listings: Total ($ million) 7, NM 12, ,784.2 NM Average per Listing ($ million) NM NM Market Capitalisation of Listings: Total ($ million) 13, ,853.7 NM 30, ,477.7 NM Average per Listing ($ million) 1, NM NM Number of Listed Companies as at Period End Market Capitalisation as at Period End ($ million) 889, , % 889, , % Number of Securities Market Members as at Period End (1) Daily average computed based on 62 and 61 trading days in 3Q FY2011 and 3Q FY2010 respectively; and Daily average computed based on 190 and 189 trading days in 9 months FY2011 and 9 months FY2010 respectively. NM: Not meaningful. Page 23 of 29

24 16. Market Statistics and Additional Financial Information (Group) Derivatives Market 3Q FY2011 3Q FY2010 YTD FY2011 YTD FY2010 Futures and Options Trading Volume (million contracts) Asian Equity Derivatives % % Nikkei 225 Stock Index % % MSCI Taiwan Index % (1.6%) CNX Nifty Index % % MSCI Singapore Index % % Others (including Options) NM NM Total % % Average daily trading volume % % Open Interest % % Structured Warrants Trading Value ($ billion) % (28.1%) Trading Volume (billion units) % (10.8%) Number of New Issues Extended Settlement Contracts Trading Volume (million shares) (69.5%) (26.3%) Open Interest (million shares) (31.6%) (31.6%) Agri-Commodities Trading Volume Rubber Futures Contracts (thousand lots) (29.4%) (21.2%) TSR (23.6%) (10.7%) RSS (57.3%) (55.4%) OTC Rubber Contracts (thousand lots) NM NM Total (28.2%) (20.6%) Open Interest (thousand contracts) % % AsiaClear Over-the-Counter ("OTC") Cleared Volume (contracts) 42,207 35, % 131,270 93, % Open Interest (thousand contracts) % % Number of Counterparty Accounts as at Period End Number of Derivatives Members as at period end Locals Corporate Total NM: Not meaningful. Page 24 of 29