Singapore Airlines Limited announced that it has incorporated a subsidiary in Singapore as a company limited by guarantee and not having a share capital, known as "Singapore Airlines Foundation Ltd." (the " Foundation"). The Foundation's principal activities are (a) research and development, as well as education and training, in the aviation sector, and (b) supporting the disadvantaged and differently abled in society. The liability of the Foundation's sole member is limited to SGD 1.00.

The Foundation is funded through internal resources and is not expected to have any material impact on the net tangible assets or consolidated earnings per share of the Company for the current financial year. None of the Directors or controlling shareholders of the Company have any interest, direct or indirect, in the above incorporation, other than through their respective shareholdings in the Company.