The OCBC Education Planner is designed to illustrate potential future education costs based on information provided by you and does not consider your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The amount calculated is meant to illustrate combined tuition and living expenses based on the assumptions below. Actual cost may vary depending on economic conditions. The information and analysis provided by these tools are based on various assumptions, which are subject to change at any time without notice.

The age of university studies is assumed at 19 years old for girls and boys, except for Singaporean and Permanent Resident boys for whom the age of university studies is assumed at 21 years old due to 2 years of National Service commitment.

First-year average tuition cost is based on the average of latest first-year General and Medicine degree costs released by three sampled universities for each country:

• USA (Private): Stanford University, Columbia University and the University of Pennsylvania.
• USA (State): University of Michigan, University of Wisconsin-Madison and the University of California, Berkeley (General only).
• Canada: University of Toronto, McGill University and the University of British Columbia (General only).
• UK: University of Oxford, University of Cambridge and the Imperial College London.
• Australia: University of Melbourne, University of Sydney and University of Queensland.
• New Zealand: University of Auckland, University of Otago and Victoria University of Wellington (General only).
• Singapore: National University of Singapore, Nanyang Technological University and Singapore Management University (General only).

For USA, Canada, UK, Australia and New Zealand, the amount is based on the figures available from Edupoll's study abroad website (www.edupoll.org).

For Singapore, this is based on the average of figures from three websites: NUS Office of Admissions (www.nus.edu.sg), NTU Undergraduate International Admissions website (admissions.ntu.edu.sg) and SMU International Students Useful Information (www.smu.edu.sg).

Inflation rate for tuition and living costs is based on 10-year geometric averages published by the statistics bureau for each country:

• USA: Bureau of Labor Statistics CPI for Education and All, from 2006 - 2016.
• Canada: Statistics Canada CPI for Education and All, from 2006 - 2016.
• UK: Office for National Statistics data CPI for Education and All, from 2006 - 2016.
• Australia: Australian Bureau of Statistics CPI for Education and All, from 2006 - 2016.
• New Zealand: Statistics New Zealand CPI for Education and All, from 2006 - 2016.
• Singapore: Yearbook of Statistics Singapore 2016 CPI Education & Stationery, Tuition Fees for Polytechnics & Local Universities, and All from 2006 - 2016. Statistics Singapore - Time Series on CPI (2015=100) & Inflation Rate (Year 1980 - 2016).

Based on average exchange rates published by www.oanda.com using interbank +1%, from 1 Jan 2016 to 1 Nov 2017.

This is the estimated amount required at start of university age. It is calculated based on inflation adjusted tuition costs and living costs.

All investments (E.g. Endowments, Unit Trusts) are assumed to be liquated at start of university.

Regular endowments upon maturity are assumed to be invested in lump sum endowments with similar rate of return. For Unit Trust, the dividends are assumed to be re-invested.

The following growth rates have been used for each of the below savings/ investment types

• Lump sum cash & deposit: 0.33%
• Monthly savings: 0.55%
• Investments: 5%
• Endowments: 2.5%

This is the sum of the projected values of current value of savings / investments and regular savings / investments set aside for the goal using the respective growth rates.

Any opinions or views of third parties expressed in this material are those of the third parties identified, and not those of OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any partifcular person. Before you make any investment decision, please seek advice from your OCBC Relationship Manager regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs. In the event that you choose not to seek advice from your OCBC Relationship Manager, you should carefully consider whether the product is suitable for you. This does not constitute an offer or solicitation to buy or sell subscribe for any security or financial instrument or to enter into any transaction or to a participate in any particular trading or investment strategy.

A copy of the prospectus of each fund is available and may be obtained from the relevant fund manager or any of its approved distributors. Potential investors should read the prospectus for details on the relevant fund before deciding whether to subscribe for, or purchase units in this fund. The value of the units in this funds and the income accruing to the untis, if any, may fall or rise. Please refer to the propectus of the relevant fund for the name of the fund manager and the investment objectives of the fund.

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No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeless or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does undertake an obligation to update information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be resonsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result or any person acting on any information provided herein. The information provided herein may contain projections or other forward-looking statements regarding future events or future performance or countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial prodcut or asset class in whatever way is used for illustrative purposes only and does not consitute a recommendation on the same.

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