Statement by Auditors​

Report of the Independent Auditors on the Group Financial Summary

We are the auditors of Temasek Holdings (Private) Limited (“Temasek”). We have audited the statutory consolidated financial statements of Temasek and its subsidiaries (the “Group”) for the financial years ended 31 March 2008 to 2024 and have issued unmodified audit reports¹. The statutory consolidated financial statements for the financial years ended 31 March 2002 to 2007 were audited by PricewaterhouseCoopers LLP² whose auditors’ reports³ were also unmodified.

Under the Companies Act 1967, Temasek is an exempt private company and is not required to publish its statutory consolidated financial statements.

Management is responsible for the preparation and presentation of the Group Financial Summary for the financial years ended 31 March 2002 to 2024. The Group Financial Summary consists of the Group Income Statements, Group Balance Sheets and Group Cash Flow Statements as at and for the financial years ended 31 March 2002 to 2024 and Group Statements of Changes in Equity for the financial years ended 31 March 2023 and 2024, which is derived from the statutory consolidated financial statements that were prepared in accordance with applicable financial reporting standards, for inclusion in the Temasek Corporate Website. The Group Financial Summary does not contain all the disclosures required by the applicable financial reporting standards applied in the preparation of the statutory consolidated financial statements. Reading the Group Financial Summary, therefore, is not a substitute for reading the statutory consolidated financial statements.

Our responsibility is to express an opinion on whether the Group Financial Summary for the financial years ended 31 March 2004 to 2024 is consistent, in all material respects, with the statutory consolidated financial statements based on our procedures, which were conducted in accordance with Singapore Standard on Auditing (SSA) 810 (Revised) - Engagements to Report on Summary Financial Statements.

In our opinion, the accompanying Group Financial Summary for the financial years ended 31 March 2004 to 2024 is consistent, in all material respects, with the statutory consolidated financial statements for each of the respective years.

The Group Financial Summary for the financial years ended 31 March 2002 to 2003 were extracted from the statutory consolidated financial statements for each of the respective years.

KPMG LLP
Public Accountants and Chartered Accountants
Singapore
1 July 2024

¹ Audit reports for each of the financial years were dated 16 July 2008, 15 July 2009, 1 July 2010, 29 June 2011, 27 June 2012, 26 June 2013, 30 June 2014, 29 June 2015, 27 June 2016, 3 July 2017, 2 July 2018, 1 July 2019, 31 August 2020, 28 June 2021, 27 June 2022, 3 July 2023 and 1 July 2024 respectively.

² PricewaterhouseCoopers LLP was converted from a partnership to a limited liability partnership on 1 January 2009.

³ Audit reports for each of the financial years were dated 28 August 2002, 20 August 2003, 24 June 2004, 15 July 2005, 13 July 2006 and 5 July 2007 respectively.