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SPH Invests in Talent for Future Growth 10 outstanding youths receive prestigious scholarships

SPH Invests in Talent for Future Growth
10 outstanding youths receive prestigious scholarships

Singapore, 30 June 2006 - Leading media group Singapore Press Holdings (SPH) is pleased to announce that it has awarded SPH scholarships to 10 outstanding students for the year 2006. The successful candidates received their scholarships from SPH Chairman, Dr Tony Tan at an awards ceremony held at the company´s News Centre auditorium this morning.

“We need top talent in our newsrooms and in the organization to produce quality products and to drive the success of the company,” Dr Tan said.

“Our scholars have been chosen based on their academic excellence and outstanding involvement in co-curricular activities and more importantly, their character, personality and aptitude for journalism.“

The 10 were selected from a total of 539 applicants, and were chosen after extensive tests and two interview sessions (details of the scholarships awarded are attached in Annex A).

Dr Tan added that good staff was a crucial part of SPH´s vision to be much more than a print company operating in Singapore.

He said the Group had already successfully expanded overseas through its magazines, outdoor advertising and the Internet, and would continue to identify other potential businesses to invest in or to form joint ventures. But he said such “investments will bear fruit only if we have the right people in place to manage and grow them.”

“As we invest in assets, we are mindful that we must attract new staff, motivate and retain high-performing individuals to navigate the transition to fulfil our common vision as a dynamic multi-platform media company.”

The full text of Dr Tan´s speech can be found below in Annex B.

In addition to the 10 scholarships, SPH also extended 15 academic scholarships to the children of staff and vendors. These bond-free scholarships are in recognition of their contributions to the company.

Issued by Singapore Press Holdings Limited
Co. Regn. No: 198402868E

For more information, please contact:

Ms Tan Chiew Sim
Assistant Manager
Human Resource
DID: 6319 1382

Ms Carole Chow
Assistant Manager
Corporate Relations
DID : 6319 1586

About Singapore Press Holdings Limited
Main board listed Singapore Press Holdings Limited is the leading media company in Singapore, in the print, Internet and broadcasting platforms. It publishes 14 newspapers in the four official languages, including Singapore’s first free Chinese newspaper, My Paper, and over 80 magazine titles. Everyday, 2.8 million individuals, or 88 per cent of the people above 15 years old, read one of the SPH publications. Its Internet Business Unit manages the online editions of SPH’s major newspapers, which enjoy over 100 million pageviews from 6 million unique visitors every month. More recent online additions are the classified website, ST701, and STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Internet and via mobile messaging.

SPH also owns a 20% stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40% stake in MediaCorp Press Pte Ltd, which publishes free sheet Today. SPH has a 70% stake in UnionWorks, which operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English. In addition, SPH holds an 80% stake in SPH MediaBoxOffice Pte Ltd, Singapore´s largest LED network media company, and a 35% stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.