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Changes to the Straits Times Index

Singapore, 31 January 2007 - Following the latest scheduled review of component stocks of the Straits Times Index (STI), the following changes will be made at the start of trading on Monday, 5 February 2007:

- Four stocks will be replaced, viz. BIL International Ltd, Dairy Farm International Holdings Ltd, Haw Par Corporation Ltd and TPV Technology Ltd;

- Six stocks will be added to bring the number of components back to 50, viz. Thai Beverage Public Company Ltd, Suntec REIT, Olam International Ltd, Genting International Public Ltd, Labroy Marine Ltd and CapitaCommercial Trust.

The main criterion used in this review of component stocks was liquidity as measured by the average daily value traded over one year. Market capitalisation and free float were also taken into account.

The weight factors of several index stocks will also be updated on Monday, 5 February 2007 to reflect corporate actions that have taken place (see table below).

With these changes, the 50 stocks in the STI capture 51% of the average daily value traded on the SGX and 64% of the market capitalisation of stocks listed on the SGX.

    Table of index stocks with new weight factors
    Name
    Current weight factor
    New weight factor
    1
    Allgreen Properties
    0.35
    0.45
    2
    CapitaCommercial Trust
    -
    0.35
    3
    Datacraft Asia
    0.50
    0.45
    4
    Genting International
    -
    0.25
    5
    Hyflux
    0.50
    0.45
    6
    Jurong Technologies
    0.65
    0.25
    7
    Labroy Marine
    -
    0.35
    8
    Olam International
    -
    0.30
    9
    Parkway Holdings
    0.80
    0.55
    10
    Singapore Exchange
    0.90
    1.00
    11
    Singapore Petroleum
    0.20
    0.35
    12
    SingTel
    0.35
    0.45
    13
    StarHub
    0.25
    0.35
    14
    Suntec REIT
    -
    0.75
    15
    Thai Beverage
    -
    0.20
    16
    Total Access
    0.20
    0.15
    17
    UOL Group
    0.45
    0.60
    18
    Venture Corporation
    0.70
    0.50
    19
    Wing Tai
    0.60
    0.50

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

For more information, please contact:

Julie Wee
STI Review Committee
The Straits Times
DID: 6319 5367
Email: juliew@sph.com.sg


About Singapore Press Holdings Ltd
Main board-listed Singapore Press Holdings Ltd (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 percent 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 a revolutionary mobile advertising and information service, ZapCode; 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 80 percent stake in SPH UnionWorks Pte Ltd, 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’s wholly-owned subsidiary, Times Development Pte Ltd, is also developing a 43-storey upmarket residential condominium at Thomson Road.