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SGX, SPH and FTSE to create a comprehensive suite of indices for the Singapore Market


SGX, SPH and FTSE to create a comprehensive suite of indices for the
Singapore Market

Singapore, November 30, 2006 - The Singapore Exchange Ltd (SGX), Singapore Press Holdings Group (SPH) and the FTSE Group (FTSE) today signed a memorandum of understanding (MOU) to create a comprehensive suite of equity indices for the Singapore market.

Under the MOU, the three parties will review and re-launch the Straits Times Index (STI) and also explore and introduce additional indices, so that a complete index family will be created.

While the STI will remain the main benchmark index, it will be augmented with a new set of local and regional indices covering a wider range of the investable opportunity set. The expanded series will be used for the trading and benchmarking of financial products such as institutional and retail funds, exchange traded funds (ETFs), derivatives contracts and such other products as identified by the parties. The indices will be designed using FTSE´s international methodology standards, will be free-float adjusted and will be based on the Industry Classification Benchmark (ICB).

The parties intend to enter into a cooperation agreement to operate the STI and the new indices on a commercial basis and to promote and license data and financial products based on the new index family.

Mr Donald Keith, Deputy Chief Executive of FTSE Group, said: “FTSE is honoured to be the strategic index partner of SGX and SPH. This MOU represents the latest in our network of cooperative ventures with exchanges in Asia. We are committed to developing a viable family of indices, using our long standing expertise in international indexing, to further boost Singapore´s standing among international financial index investors.”

Mr Hsieh Fu Hua, Chief Executive Officer of SGX, said: "This strategic collaboration will facilitate analysis and comparison of SGX-listed companies with those of other markets. It will enable international investors to make better informed decisions on our market."

Mr Alan Chan, Chief Executive Officer of SPH, said: “The Straits Times Index has been the main barometer of the SGX for the past 40 years. We are pleased to partner both SGX and FTSE to review and re-launch the STI as part of a wider plan to develop a new family of indices to complement the STI.”

The parties envisage that the redesigned STI and other indices in the new family will be available before the end of 2007,


Jointly issued by:

Singapore Exchange Limited
Co. Regn. No: 199904940D

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

FTSE International Limited
Co. Regn. No: 03108236


For more information, please contact:

SGX
Magdalyn Liew
Corporate Communications
Tel: +65 6236 8157
Email: magdalynliew@sgx.com

SPH
Eric Ching
Corporate Communications
DID: +65 6319 1280
Email: chingsm@sph.com.sg

FTSE
Hong Kong Meredith Blakemore +852 2230 5801
London Sandra Steel +44 207 866 1821
Email: media@ftse.com


About Singapore Exchange Limited
Singapore Exchange Limited (SGX) is Asia-Pacific´s first demutualised and integrated securities and derivatives exchange.

SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions – the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).

On 23 November 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.

For more information, please visit SGX website: www.sgx.com.


About Singapore Press Holdings Limited
Main board-listed Singapore Press Holdings Limited (SPH) is the leading media company in Singapore, delivering news and information through print, Internet and broadcasting platforms. In Singapore, it publishes 14 newspapers in four languages. Every day, 2.7 million individuals or 83 per cent of people above 15 years old, read one of SPH’s news publications. SPH also publishes over 90 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.

Beyond print, the Internet editions of SPH newspapers enjoy over 100 million pageviews with 6 million unique visitors every month. SPH’s online and new media initiatives include its recruitment and job search service, ST701, and STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging.

SPH has a 20 percent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 percent stake in MediaCorp Press Pte Ltd, which publishes the free newspaper, Today. In the radio business, SPH has a 70 percent stake in SPH UnionWorks, which operates entertainment stations Radio 100.3 in Mandarin and Radio 91.3 in English. In addition, SPH holds an 80 percent stake in SPH MediaBoxOffice Pte Ltd, Singapore´s largest outdoor motion display advertising network media company, and a 35 percent stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.

SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore’s main shopping belt. SPH is also developing a 43-storey up-market residential condominium on its former Times Industrial Building site at Thomson Road, which will be launched in 2007.


About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ, Taiwan and Thailand exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.

FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.