Eurocopter South East Asia (ESEA) will move in 2010 to the new Seletar Aerospace Park in Singapore

Eurocopter South East Asia (ESEA), a 75% subsidiary of Eurocopter S.A.S. and 25% subsidiary of ST Aerospace, will move in the third quarter of 2010 to the newly redeveloped 300 hectare Seletar Aerospace Park in Singapore. Being in charge of sales and customer support activities of 14 countries in South East Asia, ESEA employs close to 200 people and obtained a turnover of 85 M€ in 2008.

The move next year will enable ESEA to grow in a bigger, modern and state of the art facility with additional hangar space. The construction is scheduled to start in September 2009 and the new facilities will cover an area of 8200 square metres i.e. a 25% increase in space compared to the current offices. Thanks to the fact that Seletar Aerospace Park is an existing airport with plans for upgrading in the future, ESEA will be also be able to have more adequate facilities for flight operations.

This decision was jointly taken by both shareholders. Mr. Philippe Harache Senior Executive Vice-President of Eurocopter said that this move will enable Eurocopter to continue its growth and to seize future opportunities in South East Asia. He commented that ESEA, formerly known as SAMAERO, was formed more than 30 years ago in Seletar and moved in 1988 to its current facility in Loyang. For Eurocopter, the decision to "return" to Seletar despite the current economic downturn proves our determination to support the Singaporean authorities and to face the difficult times together.

Mr. Tay Kok Khiang, President of ST Aerospace, added that this move demonstrates clearly Eurocopter's commitment to accompanying Singapore's development as a regional aerospace hub and to the long lasting and successful cooperation with ST Aerospace.

Dr. Beh Swan Gin, Managing Director of the Singapore Economic Development Board warmly welcomed Eurocopter's expansion as one of the pioneer investors at the new Seletar Aerospace Park. He added that the vote of confidence by Eurocopter - a global aerospace company - further reinforces Singapore's status as the leading Aerospace hub in Asia.

About Eurocopter South East Asia

Eurocopter South East Asia (ESEA) is the Regional Headquarters of Eurocopter, the world's leading helicopter manufacturer. Established in 1977 in Singapore, ESEA is in-charge of the sales and customer support activities of 14 territories in the region. In 2008, ESEA achieved a turnover of 85 million euros. With a staff-strength of nearly 200 professionals, the company has developed a successful commercial network of Singapore-based sales team and regional sales managers and technical representatives.

ST Aerospace is the aerospace arm of ST Engineering. Operating a global MRO network with facilities in the Americas, Asia Pacific and Europe, it is the world's largest aircraft MRO provider with a global customer base that includes many of the world's leading airlines, airfreight operators and military operators. ST Aerospace provides a full spectrum of maintenance and engineering services through its two business segments: Aircraft Maintenance & Modification (AMM) and Component & Engine Total Support (CETS). Its services include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 7,000 engineers and technical specialists. Please visit www.staero.aero.

EDB is the lead government agency for planning and executing strategies to enhance Singapore's position as a global business centre and grow the Singapore economy. We dream, design and deliver solutions that create value for investors and companies in Singapore. In so doing, we attract economic opportunities and jobs for the people of Singapore, and help shape our country's economic future.