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Change in OCBC Bank’s free-float factor in Straits Times Index

20 July 2004 - Following the June 30 acceptance of OCBC Bank´s offer by shareholders of Great Eastern Holdings, the free-float factor of OCBC Bank used for the calculation of the Straits Times Index will be changed from 0.70 to 0.75.

This change will take effect at the start of trading on Monday, 26 July 2004.

Issued by Singapore Press Holdings Limited

For more information, please contact:

Julie Wee
The Straits Times
Tel 6319 5367
Email: juliew@sph.com.sg