PREHL wishes to announce that PREHL has redeemed in full the balance of S$76,250,000 in principal amount together with the accrued interest today, being the maturity date of the Notes (the "Redemption"). Following the Redemption, the Notes have been cancelled in accordance with the terms and conditions of the Notes. Accordingly, PREHL and PTPL are discharged from all of their obligations under and in respect of the Notes.