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IMPORTANT NOTE: This brochure is qualified in its entirety by, and should be read in conjunction with, the full

text of the Offer Information Statement dated 2 June 2008 (OIS) lodged with the Monetary Authority of Singapore. A printed copy of the OIS and Application Form may be obtained on request, subject to availability, during operating hours from Oversea-Chinese Banking Corporation Limited, 65 Chulia Street, OCBC Centre, Singapore 049513 and from all branches of OCBC Bank in Singapore, and where applicable, from members of the Association of Banks in Singapore, members of the SGX-ST and merchant banks in Singapore. A copy of the OIS and Application Form is also available on the website www.ocbc.com. Anyone wishing to acquire the OCBC Class B Preference Shares (Preference Shares) must read the OIS in full and must make an application in the manner set out in the OIS. This brochureis not intended to be legal, financial, or tax advice or an investment recommendation and may not be relied upon to evaluate the merits of investing in the Preference Shares. It is recommended that you seek professional advice from your legal, financial, tax or other professional advisor before deciding whether to subscribe for the Preference Shares. Nothing in thisbrochureconstitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. Neither thisbrochurenor any copy or portion of it may be sent or taken, transmitted or distributed, directly or indirectly, into the United States. The Preference Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or the securities laws of any state of the United States and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, any U.S. person, except in certain transactions exempt from the registration requirements of the Securities Act. Thisbrochuremay not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution or reproduction of this information in whole or in part is unauthorised. Failure to comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions. OCBC Bank, its related companies, their directors and/or employees (collectively Related Persons) may have positions in, and may effect transactions in the Preference Shares. OCBC Bank and the Related Persons may also perform or seek to perform broking and other financial services for Preference Shares.

OCBC Class B Preference Shares

OCBC Bank is offering up to 10 million Class B noncumulative, non-convertible Preference Shares, for subscription by investors at the issue price of S$100 per Class B Preference Share. The minimum amount for each investor to subscribe is 200 preference shares or an amount of S$20,000. Investors can also invest more than S$20,000 but amounts subscribed must be in multiples of S$10,000.
Features
1. Dividend payable twice a year, at 5.1% per annum The Class B Preference Shares will pay a fixed dividend at 5.1% per year Dividends will be paid on 20 June and 20 December of each year; the first dividend payment will be on 20 December 2008 Payment of dividend will be subject to OCBC Board declaring the dividend If OCBC Bank declares dividends on its ordinary shares, it must pay the 5.1% dividend on the Class B Preference Shares 2. The Issuer - OCBC Bank The longest established bank in Singapore, since 1912 Total assets of S$175 billion and shareholders funds of S$17 billion as at 31 December 2007 2007 profit after tax of S$2.1 billion Parent of Great Eastern, the largest life insurance company in Singapore and Malaysia Long term credit ratings of Aa1 by Moodys, A+ by S&P and AAby Fitch 3. Non-convertible and perpetual

Key Terms
Issuer Offering OCBC Bank Up to 10,000,000 Class B Preference Shares, for a total amount of up to S$1 billion, by way of a Placement and an ATM Offer. a) Placement Tranche: Up to 9,500,000 Class B Preference Shares (for a total of up to S$950 million). Applications to be made via submission of application forms to OCBC Bank b) ATM Offer Tranche: Up to 500,000 Class B Preference Shares (for a total of up to S$50 million). Applications to be made via ATMs of participating banks
Note: Depending on the response to the two tranches, OCBC Bank may at its discretion, adjust the relative size of the allocations between the Placement Tranche and ATM Offer Tranche

Application Amount

Application for the preference shares must be for a minimum amount of S$20,000 or 200 preference shares, or for a higher amount in multiples of S$10,000. Preference shares will be traded in board lots of 100 Class B Preference Shares after the issue a) Placement Period: 2 June 2008 to 15 July 2008 b) ATM Offer Period: 16 July 2008 to 28 July 2008
Note: Depending on the response to the Placement Tranche, OCBC Bank may shorten the Placement Period, and bring forward the ATM Offer Period. The timetable is subject to change at OCBC Banks absolute discretion.

Subscription Period

Issue Price Issue and Allotment Date Maturity Dividend Rate

S$100 each 29 July 2008 (or such other date as OCBC Bank may decide) Perpetual Fixed rate of 5.1% per annum, payable semiannually on 20 June and 20 December of each year On the fifth anniversary and each dividend date thereafter, at the option of OCBC Bank Rank equally with other classes of noncumulative, non-convertible preference shares issued by OCBC Bank Holders of the preference shares will not be entitled to attend and vote at general meetings of OCBC Bank, except in certain limited circumstances Listed and traded on the Main Board of the SGX-ST, expected from 30 July 2008 onwards Aa3 by Moodys, A+ by Fitch and A- by Standard & Poors

Invest in OCBC Bank Class B Preference Shares and earn 5.1%p.a. fixed dividend.

The preference shares cannot be converted into ordinary shares of OCBC Bank The preference shares do not have a fixed redemption date 4. Possible redemption after 5 years The preference shares may be redeemed by OCBC Bank (i) on the fifth anniversary after the issue date; and (ii) on each of the dividend payment dates thereafter Redemption will be entirely at the option of OCBC Bank If redeemed, investors will receive 100% of their initial subscription price plus any dividends payable up to the redemption date 5. Ratings
Co.Reg.No.: 193200032W

Optional Redemption Ranking

Voting Rights

The Class B Preference Shares have been rated Aa3 by Moodys, A- by S&P and A+ by Fitch

Listing Rating

www.ocbc.com

Frequently Asked Questions


1. Is the dividend of 5.1% guaranteed? The payment of dividends on the preference shares is subject to declaration by OCBC Banks Board of Directors. As the preference shares rank ahead of ordinary shares, OCBC Bank would have to declare dividends on the preference shares if it declares dividends on the ordinary shares. Since the end of World War II, OCBC Bank has never stopped paying dividends on its ordinary shares. 2. Is the dividend of 5.1% calculated based on issue price of S$100? The dividend of 5.1% per annum will be paid on a semi-annual basis, calculated on the issue price of S$100 per preference share. The dividend amount is not dependent on the prevailing market price of the preference shares. For example, if you subscribe for 200 preference shares at S$20,000, the dividend payable to you on each dividend payment date will be approximately S$510 on 20 June and on 20 December of each year, which means a total amount of S$1,020 per year. Please note that the first proposed dividend payment will be on 20 December 2008 and will be less because of the shorter period for computation of dividend from 29 July 2008 to 19 December 2008. 3. Do I need to pay tax on the dividend received? If you are an individual resident in Singapore, or if you are a corporate entity in Singapore, the dividendyou receivewill not be liable to any further Singapore taxas it is tax exempt. You will receive the 5.1% dividend without any tax deduction. If you are not a tax resident in Singapore, please seek your own tax advice. 4. What are the potential risks involved in this investment? The key potential risks are summarised below: a. Dividend payment is not cumulative. If OCBC Bank for whatever reasons stops payment for one year, the amount not paid will not be payable in the following year(s) b. The Bank has the right but not the obligation to redeem the preference shares, and preference shareholders have no right to call for their redemption. Preference shareholders are however free to sell in the market c. The price of the preference shares may fluctuate depending on prevailing market conditions, including interest rates, as well as the credit standing of the Bank

d. In a liquidation scenario, the preference shares will rank in priority to ordinary shares but junior to all depositors and other creditors (including holders of subordinated debt) of the Bank e. The market for the preference shares may not be sufficiently liquid or active. The preference shares may trade lower than the initial issue price 5. Will OCBC Bank redeem the preference shares? Will there be any change in the dividend rate in the future? OCBC Bank may redeem the preference shares under the following circumstances, subject to, amongst other things, approval of the regulatory authority: a. on the date falling 5 years after the issue date, and on each dividend payment date thereafter, although the Bank is not obliged to do so. If the Bank should decide to redeem, it will pay the investor the issue price of S$100 for each preference share, plus any dividends payable up to the redemption date, b. if the preference dividend becomes subject to tax, due to changes in the Singapore tax laws, or c. if the preference shares do not qualify as Tier 1 capital of the Bank If the Bank does not redeem, the dividend rate will stay at 5.1% and there will be no change in the dividend rate. 6. Will the preference shares be traded in the market? Yes, you will be able to trade the preference shares once they are listed on the Main Board of the SGX-ST on or about 30 July 2008. Market price of the preference shares may be above or below the issue price. 7. What is the offer period for the Class B Preference Shares? The offer period for the Placement Tranche is 2 June 2008 to 15 July 2008, and that for the ATM Offer Tranche is 16 July 2008 to 28 July 2008. Please note that OCBC Bank reserves the right to shorten the offer period for the Placement Tranche and bring forward the ATM Offer Period.

8. How do I apply for Class B Preference Shares? Applications must be made in the manner set out in the Offer Information Statement. a. Placement Tranche (2 June 2008 15 July 2008): You may apply for your Class B Preference Shares as follows: 1. Visit any OCBC branch in person with your original NRIC, CDP account number and payment. 2. Drop in your duly completed application form together with payment into the collection boxes at OCBC branches. 3. Log onto www.ocbc.com and download the Offer Information Statement and application form. Complete the form with your details and attached payment (cheque or cashiers order or bankers draft) and mail it to: ATTN: OCBC PREFERENCE SHARES OCBC Bank 63 Chulia Street #03-03 OCBC Centre East Singapore 049514 For more details, please speak to our Personal Financial Consultants. Please note that both drop-in and mail-in applications must be duly completed with your details and attached payment (cheque or cashiers order or bankers draft). b. ATM Offer Tranche (16 July 2008 28 July 2008): You may apply through ATMs of participating banks. Applications made through ATMs will be subject to balloting if the total subscriptions exceed the amount available for subscription. 9. Will I have a better chance of getting my preference shares if I apply early? The Placement Tranche will be progressively sold as orders and payments are received, but allocation is at the discretion of OCBC Bank. As there is a limit to the number of preference shares that will be issued, we encourage you to apply early to maximise your chances of an allotment, and to avoid disappointment. Applications made under the ATM Offer Tranche may be subject to balloting if total subscriptions exceed the amount available for subscription.

10. Can I apply in joint names? No, only single-name applications are allowed, because under CDP rules, joint securities applications for public offerings cannot be made, and trading of securities under joint-signatories accounts is not allowed.

11. Can I use CPF or SRS to apply for preference shares? SRS is not allowed to be used to apply for preference shares. CPF is not allowed to be used for applications under the Placement Tranche. CPF can be used for applications under the ATM Offer Tranche, provided when using a combination of cash and CPF, cash must be used for the first 200 preference shares applied for, and the amount of cash and CPF used thereafter must be for higher integral multiples of 100 preference shares thereof. For minimum applications of 200 preference shares, you can use either cash or CPF only, but not both. 12. If I have already made an application at the branch, can I still apply via ATM later? Yes. However for applications made through ATMs, only one application per customer (regardless of cash and/or CPF funds) will be allowed. Please also note that applications made through ATMs will be subject to balloting if the total subscriptions exceed the amount available for subscription.