ST Aerospace renews component contract with LOT Polish Airlines

Released on: August 16, 2008, 4:16 am

Press Release Author: ST Aerospace

Industry: Aerospace

Press Release Summary: Singapore Technologies Aerospace Ltd (ST Aerospace) today
announced that its subsidiary, ST Aerospace Solutions (Europe) A/S (STA Solutions),
has renewed a component supply and reconditioning contract with LOT Polish Airlines.

Press Release Body: This contract, effective immediately, is worth 8.7m (about
S$18.7m), and covers LOT Polish Airlines fleet of seven Boeing 767 aircraft over
three years under the ST Aerospace Solutions material supply programme. ST
Aerospace is the aerospace arm of Singapore Technologies Engineering Ltd (ST

This contract is not expected to have any material impact on the consolidated net
tangible assets per share and earnings per share of ST Engineering for the current
financial year.

LOT Polish Airlines is pleased to continue the good working relationship with STA
Solutions, whose consistently high standards of quality have earned our trust and
confidence in our long standing partnership. We look forward to extending our areas
of cooperation together. Wieslaw WYPYCH, Member of Management Board, Operating &
Technical Issues, LOT Polish Airlines

This contract attests to our belief in maintaining strong relationships with our
long time customers. As STA Solutions has evolved into an independent third party
service provider, we are pleased that LOT Polish Airlines has continued to put their
trust in us. We will continue to strive towards providing LOT Polish Airlines and
all our customers a better experience to ensure that they remain satisfied customers
for the long haul.

Web Site:

Contact Details: Audrey Tan
Head, Corporate Communications
ST Aerospace
540 Airport Road
Singapore 539938
Tel: (65) 6380 6152
Fax: (65) 6280 8213

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