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• Revenue: +14% (2Q09), +14% (1H09)
• Net Profit: +10% (2Q09), -3% (1H09)
• Press Release: Core earnings growth of 22% driven by higher revenues and lower expenses.
• Outlook: Great Eastern announced on 31 July 2009 that it is making a one-time offer to redeem 594 million GreatLink Choice (“GLC”) units from GLC policyholders at the original purchase price of S$1.00 each, less the total annual payouts received to-date.
• The offer is open for acceptance from 3 August to 28 August 2009.
• Following the redemption offer, Great Eastern will take delivery of the underlying CDO instruments and will account for the fair value of these instruments at the close of the offer period.
• The financial impact of the offer will be reflected in Great Eastern's third quarter 2009 financial results and is conservatively estimated to be in the region of S$250 million.
• Based on this estimate, the negative impact to OCBC Group’s third quarter 2009 financial results is expected to be around S$218 million.
• OCBC Group does not expect this to affect its continuing profitability, business fundamentals or capital position.

FINANCIAL RECORDS

Revenue (SGD 'Mil)

FY 1Q 2Q 3Q 4Q Total
2009 1,347 1,204
2008 1,183 1,056 1,146 1,042 4,427
2007 1,106 1,050 1,047 1,077 4,281
2006 743 1,280 831 986 3,840
2005 675 698 735 778 2,887
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Earnings (SGD 'Mil)

FY 1Q 2Q 3Q 4Q Total
2009 545 466
2008 622 425 402 301 1,749
2007 647 532 463 428 2,071
2006 318 795 379 510 2,002
2005 298 304 355 341 1,298
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Dividends

FY Interim Final Special (SGD)
2009 0.14
2008 0.14 0.14 NA
2007 0.14 0.14 NA
2006 0.11 0.12 NA
2005 0.11 0.12 NA
2004 0.19 1.25 0.19
2003 0.11 0.12 NA
2002 0.05 0.15 NA
2001 0.05 0.13 NA
2000 0.17 0.13 0.10
1999 0.14 0.20 NA
1998 0.05 0.11 NA
1997 NA 0.11 NA
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Bonus / Rights / Stock Split

Date Type Details
2005-08-03 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
2005-06-15 Rights OFFER OF 1 FOR 5 @ $5
1999-10-08 Bonus OFFER OF 1 FOR 20
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Share Data (SGD)

NAV = $4.94
EPS = $0.311 (6M FY09)
Diluted EPS = $0.311 (6M FY09)
No of Shares = 3,174,984,139
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA