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Permanent Secretary Of Ministry Of Transport Appointed To DBSH Board Of Directors

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SINGAPORE, March 26, 2003 - DBS Group Holdings Ltd (DBSH) said today it has appointed Peter Ong, Permanent Secretary at the Ministry of Transport, to the Group's board of directors.

Ong, 41, has held the position of Permanent Secretary at the Ministry of Transport since July 2002. He was previously Second Permanent Secretary (Defence) at the Ministry of Defence. From 1998 to 2000, he was seconded to Temasek Holdings (Private) Limited as its Executive Vice President. Prior to that, he held a number of senior positions at various ministries. He is also the Chairman of the Maritime and Port Authority and a Director of TIF Ventures Pte Ltd. He was previously a director of DBS Thai Danu Bank Public Company Ltd from October 1998 to January 2001.

With his varied background in public service and Temasek Holdings (Private) Limited, Mr Ong is an active participant in the highest level of policy development and decision-making and will be able to bring his experience to bear in Board deliberations.

DBSH Board of Directors now comprises:

Mr S Dhanabalan - Chairman
Mr Jackson Tai - Vice Chairman and CEO
Mr Ng Kee Choe - Vice Chairman
Mr Bernard Chen Tien Lap
Mr Fock Siew Wah
Ms Gail D. Fosler
Prof Tommy Koh Thong-Bee
Mr Moses Lee Kim Poo
Mr Leung Chun Ying
Mr Peter Ong
Mr John Ross
Mr Thean Lip Ping
Dr Yeo Ning Hong

Download Peter Ong's CV

About DBS
DBS Bank is the largest bank in Singapore as measured by assets, with dominant positions in consumer banking, treasury and markets, securities brokerage, Singapore dollar loans, deposits, and equity and debt fund raising. Through its integrated Dao Heng Bank and DBS Kwong On Bank operations, DBS Bank is the fourth largest banking group in Hong Kong. Beyond the anchor markets of Singapore and Hong Kong, DBS Bank serves corporate, institutional and retail customers through its operations in Thailand, The Philippines, and Indonesia. The bank's credit ratings are amongst the highest in the Asia-Pacific region. More information about DBS Group Holdings and DBS Bank can be obtained from our website www.dbs.com.



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