1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------------------------------------------------------------------------- SCHEDULE 13G/A (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (Amendment No. _________5________)(1) XL CAPITAL LTD ------------------------------------------------------- (Name of Issuer) CLASS A ORDINARY SHARES ------------------------------------------------------- (Title of Class of Securities) 983940909 ------------------------------------------------------- (CUSIP Number) AUGUST 30, 2001 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) [X] Rule 13d-1 (c) [ ] Rule 13d-1 (d) ------------ (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ================================================================================ 2 Schedule 13G Forms -------------------------------------------------------------------------------- ------------------- ----------------- CUSIP NO. 983940909 13G PAGE 2 OF 9 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION PTE LTD (NONE) -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER 6,278,382 OWNED BY EACH ------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 6,278,382 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,278,382 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.99% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILING OUT! 3 Schedule 13G Forms -------------------------------------------------------------------------------- ------------------- ----------------- CUSIP NO. 983940909 13G PAGE 3 OF 9 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MINISTER FOR FINANCE, SINGAPORE (NONE) -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER 4,329,382 OWNED BY EACH ------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 4,329,382 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,329,382 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.44% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILING OUT! 4 Schedule 13G Forms -------------------------------------------------------------------------------- ------------------- ----------------- CUSIP NO. 983940909 13G PAGE 4 OF 9 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MONETARY AUTHORITY OF SINGAPORE (NONE) -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER 1,650,600 OWNED BY EACH ------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,650,600 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,650,600 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.31% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILING OUT! 5 Schedule 13G Forms -------------------------------------------------------------------------------- ------------------- ----------------- CUSIP NO. 983940909 13G PAGE 5 OF 9 PAGES ------------------- ----------------- -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) BOARD OF COMMISSIONERS OF CURRENCY, SINGAPORE (NONE) -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3. SEC USE ONLY -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION SINGAPORE -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER 298,400 OWNED BY EACH ------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 298,400 -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 298,400 -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.24% -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* OO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILING OUT! 6 PAGE 6 OF 9 ITEM 1(A). NAME OF ISSUER XL Capital Ltd ITEM 1(B). ADDRESS OF ISSUERS' PRINCIPAL EXECUTIVE OFFICES Cumberland House 1 Victoria Street Hamilton, HM 11 Bermuda ITEM 2(A). NAME OF PERSON FILING I Government of Singapore Investment Corporation Pte Ltd II Minister for Finance, Singapore III Monetary Authority of Singapore IV Board of Commissioners of Currency, Singapore ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE I 168 Robinson Road #37-01 Capital Tower Singapore 068912 II, III & IV c/o Government of Singapore Investment Corporation Pte Ltd 168 Robinson Road #37-01 Capital Tower Singapore 068912 ITEM 2(C). CITIZENSHIP I, II, III & IV Singapore ITEM 2(D). TITLE OF CLASS OF SECURITIES Class A Ordinary Shares ITEM 2(E). CUSIP NUMBER 983940909 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-I (b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A N.A. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(c), CHECK THIS BOX. [ x ] 7 PAGE 7 OF 9 ITEM 4. OWNERSHIP The aggregate number of securities and percentage of the class of securities of the Issuer beneficially owned by each Reporting Person named in Item 2(a), as well as the number of securities as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, shared power to dispose or direct the disposition, is set forth in the following table: Power to Vote Power to Dispose ------------- ---------------- No of Securities Person Beneficially Owned Sole(1) Shared(1) Sole(1) Shared(1) ------ ------------------ ------- --------- ------- --------- Government of Singapore Investment Corporation Pte Ltd 6,278,382 0 6,278,382 0 6,278,382 Minister for Finance, Singapore 4,329,382 0 4,329,382 0 4,329,382 Monetary Authority of Singapore 1,650,600 0 1,650,600 0 1,650,600 Board of Commissioners of Currency, Singapore 298,400 0 298,400 0 298,400 Total(2) (all Reporting Persons) 6,278,382 0 6,278,382 0 6,278,382 ------------ (1) The Government of Singapore Investment Corporation Pte Ltd shares power to vote and power to dispose of the 4,329,382 securities beneficially owned by it with the Minister for Finance, Singapore, shares power to vote and dispose of the 1,650,600 securities beneficially owned by it with the Monetary Authority of Singapore, and shares power to vote and dispose of the 298,400 securities owned by it with the Board of Commissioners of Currency, Singapore. (2) The reporting persons disclaim membership in a group. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ x ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON N.A. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY N.A. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N.A. 8 PAGE 8 OF 9 ITEM 9. NOTICE OF DISSOLUTION OF GROUP N.A. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. MATERIAL TO BE FILED AS EXHIBITS 1. Power of Attorney by Minister for Finance, Singapore dated 5 March 1998 2. Power of Attorney by Monetary Authority of Singapore dated 6 March 1998 3. Power of Attorney by Board of Commissioners of Currency, Singapore dated 5 March 1998 (incorporated by reference to Exhibit No. 1, 2 and 3 to Schedule 13G, dated March 23, 1998 regarding SPDR Trust Series 1). 9 PAGE 9 OF 9 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 05, 2001 Government of Singapore Investment ------------------------ Corporation Pte Ltd Date By /s/ Ho Yuit Mun -------------------- Ho Yuit Mun Assistant Director Minister for Finance, Singapore by Government of Singapore Investment Corporation Pte Ltd, its attorney-in-fact by /s/ Ho Yuit Mun -------------------- Ho Yuit Mun Assistant Director Monetary Authority of Singapore by Government of Singapore Investment Corporation Pte Ltd, its attorney-in-fact by /s/ Ho Yuit Mun -------------------- Ho Yuit Mun Assistant Director Board of Commissioners of Currency, Singapore by Government of Singapore Investment Corporation Pte Ltd, its attorney-in-fact by /s/ Ho Yuit Mun -------------------- Ho Yuit Mun Assistant Director