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Significant events1January• Keppel Land recorded a net profit of $155.7 million for2005, up 17% from the previous year.February• The 10-strong international Clipper fleet berthed atKeppel Bay over a 12-day stopover, highlighting theexceptional and international appeal of the waterfrontprecinct at Singapore’s western shore. (1)March• The final closing of Alpha Core Plus Real Estate Fundraised a total of $720 million, exceeding initial target of$412 million.2April• Distribution in specie of 144.4 million units of K-REIT Asiawas approved by shareholders at an extraordinary generalmeeting.• K-REIT Asia was listed on the Singapore Exchange. (2)• Evergro Properties (formerly known as Dragon Land)sold a land-owning subsidiary in Tianjin, China for aprofit of $29.2 million. Keppel Land’s share of profitwas $12.4 million.• One Raffles Quay’s 29-storey South Tower achievedTemporary Occupation Permit (TOP).Significant eventsKeppel Land LimitedReport to Shareholders 200695