SINGAPORE (Standard&Poor's) Aug. 14, 2007--Standard&Poor's Ratings Services said today it has reviewed the rated Singapore banks' exposure to U.S. subprime mortgage-related instruments and has determined that their exposure is negligible at this time. Standard&Poor's includes DBS Bank Ltd. (AA-/Stable/A-1+), United Overseas Bank Ltd. (UOB; A+/Stable/A-1), and Oversea-Chinese Banking Corp. Ltd. (OCBC; A+/Stable/A-1) in Group 1 of the three risk groups defined in the article "U.S. Subprime Impact Limited On Rated Asia-Pacific Banks And Insurers," released on Aug. 3, 2007. Standard&Poor's believes that Group 1 entities have negligible exposure. The three banks have disclosed their investments in CDOs as follows: --DBS Bank-US$850 million, of which 22% (or US$188 million) are in ABS; --UOB-Singapore
