SINGAPORE, March 28, 2014 - Singapore-based investment company Temasek has launched its Europe office today, in an official opening attended by Guest-of-Honour Mr Lee Hsien Loong, Prime Minister of Singapore. Based in London, the new Temasek office will support its investment interests in Europe, Middle East and Africa (EMEA).

With a portfolio of S$215 billion at the close of the last financial year on 31 March 2013, Temasek was incorporated in 1974 as an investment holding company.

Temasek is a portfolio owner, and aims to deliver sustainable long term returns by focusing on four key investment themes:

• Transforming Economies;
• Growing Middle Income Populations;
• Deepening Comparative Advantages; and
• Emerging Champions.

"We are a long term investor, celebrating our 40th anniversary this year.  We invest into the longer term trends, and continue to see many opportunities emerge as the global economy rebalances," said Mr Lim Boon Heng, Chairman of Temasek.  

"Our new office in London serves as a home base to advise Temasek on investment and partnership opportunities with growth companies here in Europe and further afield," Mr Lim added.

The Europe office adds to Temasek's current network of offices in Singapore, Brazil, People's Republic of China, India, Mexico and Vietnam.  It is expected that its other new office in New York will be fully operational some time later this year.

More about Temasek

Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$215 billion portfolio as at 31 March 2013, with 71% of its underlying assets in Asia (including Singapore), and 25% in the mature economies of North America, Europe, Australia & New Zealand.

Temasek's investment themes centre on:

• Transforming Economies
• Growing Middle Income Populations
• Deepening Comparative Advantages
• Emerging Champions

Temasek's portfolio covers a broad spectrum of industries: financial services; transportation, logistics and industrials; telecommunications, media & technology; life sciences, consumer & real estate; energy & resources.

Current investments in Europe, or those with exposure to European markets, include: Repsol, S.A.: 6%; Evonik Industries AG: 4.6%; Standard Chartered PLC: 18.2%; AS Watson: 24.95%; Lloyds Banking Group PLC and Markit Group Limited.

Total shareholder return since inception in 1974 has been 16% compounded annually.

The company has had a corporate credit rating of AAA/Aaa since its inaugural credit rating in 2004, by rating agencies Standard & Poor's and Moody's respectively.

For more information on Temasek, please visit www.temasek.com.sg

For the latest Temasek Review 2013, please visit www.temasekreview.com.sg