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SPH, SGX and FTSE Announce Constituents of the Revamped Straits Times Index and New FTSE ST Index Series

Singapore, 5 October 2007 - Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group today announced the constituents of the revamped Straits Times Index as well as the other 18 new indices of the FTSE ST Index Series. These indices are expected to go live in January 2008.

The full list of indices is shown in Appendix 1.

STRAITS TIMES INDEX (STI)

The revamped STI will comprise 30 blue-chip companies on the SGX Mainboard ranked by market capitalisation as at 31 August 2007, which have passed the selection criteria outlined below.

The constituents of the revamped STI are shown in Appendix 2.

In line with FTSE´s international methodology, these companies have been included based on the following criteria:

1. Free Float. The free float of a listed company must be greater than 15%. The definition of “free float” includes portfolio investments, nominee holdings and holdings by investment companies.

2. Liquidity. A stock must trade with a median daily turnover value of at least 0.05% of the value of its free float-adjusted shares in issue for at least 10 out of the last 12 months.

FTSE ST INDEX SERIES

Similar to the revamped STI, the 18 indices in the FTSE ST Index Series – including the FTSE ST Mid Cap and Small Cap indices - are based on the above two criteria (i.e. free float and liquidity).

The FTSE ST Index Series includes 13 industrial and sub-sector indices. These are built in accordance with the rules that govern the globally renowned Industry Classification Benchmark (ICB) system.

In addition, a China-theme index has been created to reflect the increasing significant representation of mainland China stocks in the Singapore market. The FTSE ST China Index, comprises top-ranking mainland China stocks on SGX, will facilitate cross-border analysis and comparison.

The constituents of the FTSE ST Mid Cap, Small Cap and China Index are listed in Appendix 3.

To qualify for inclusion in any index, except the FTSE ST Fledgling Index, the market capitalisation of a listed company must fall within the top 98% by full market capitalisation of all SGX Mainboard companies.

The FTSE ST Fledgling Index includes all the other qualifying companies comprising the last 2% by full market capitalisation. These stocks are not screened for stock liquidity.

GROUND RULES

The constituents of the STI and the new FTSE ST Index Series will be reviewed semi-annually in accordance with a set of publicly available Ground Rules which can be accessed via www.ftse.com/st.

An advisory committee comprising of market practitioners, and/or representatives from SPH, SGX and FTSE will be formed to undertake the reviews. The first review is scheduled for September 2008.

TRIAL VALUES

Trial values of the revamped Straits Times Index (STI) and the other 18 new indices will be made available on the FTSE website from Monday, 8 October 2007.

The trial values are meant to facilitate technical testing and do not replace the current STI values. The trial period will allow market participants to familiarize themselves with the workings of the revamped STI and FTSE ST Index Series ahead of the official launch in January 2008.

The revamped STI and the new FTSE ST Index Series will stimulate development of index-related products to serve diverse market needs. This in turn offers investors wider investment choices and opportunities in the Singapore market. With the availability of more indices, more listed companies can expect to be included in an index and achieve higher visibility with international fund managers and investors.

The indices should also result in more active trading of Singapore-listed stocks and this is instrumental in creating a more vibrant Singapore securities market.

Mr Hsieh Fu Hua, Chief Executive Officer of SGX, said: "The market will welcome the new 30-stock STI as the revamped index represents and facilitates more efficient management and trading in blue chip stocks. Of the 18 new indices, we expect the China index to be of particular interest to investors as it represents our universe of China stocks."

Mr Alan Chan, Chief Executive Officer of SPH, added: “SPH is delighted to partner SGX and the FTSE Group in this venture. The Straits Times Index has been the main benchmark of the Singapore market for more than four decades. The revamp of the STI will ensure that it remains the market benchmark for many more decades to come, supplemented by a whole new family of FTSE ST Indexes.”

Mr Donald Keith, Deputy Chief Executive of FTSE Group, said: “FTSE is 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. The trial index calculation period is an important element in the transition process and adds transparency for market users.”

For details of the ground rules, trial values and constituent lists, please visit to SPH and FTSE websites at: www.ftse.com/st and www.straitstimes.com/stindex



Jointly issued by:

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

Singapore Exchange Limited
Co. Regn. No: 199904940D

FTSE International Limited
Co. Regn. No: 03108236

Media contacts:

SPH
Chin Soo Fang
Corporate Communications
DID: +65 6319 1216
Email: soofang@sph.com.sg

SGX
Magdalyn Liew
Corporate Communications
Tel: +65 6236 8157
Email: magdalynliew@sgx.com
Lim Seng Jin
Corporate Communications
Tel: +65 6238 8385
Email: sengjin.lim@sgx.com


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



About Singapore Press Holdings Ltd

Newspapers and Magazines
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.

Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 100 million pageviews with 6 million unique visitors every month. Apart from SPH AsiaOne portal, SPH’s online and new media initiatives include a revolutionary mobile advertising and information service, ZapCode; online marketplace for products, services and employment, 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.

Broadcasting
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.

Outdoor Advertising
In addition, SPH has ventured into outdoor advertising through its wholly-owned subsidiary, 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.

Properties
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, Sky@eleven, at Thomson Road.



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 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 and Taiwan 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.

Appendix 1

1. The revamped Straits Times Index - comprising the top 30 SGX Mainboard listed companies selected by full market capitalisation. The STI will be complemented by a new family of 18 FTSE ST indices.

FTSE ST Index Series
1. FTSE ST Mid Cap Index - comprising the next 50 SGX Mainboard listed companies by full market capitalisation;

2. FTSE ST Small Cap Index - comprising the remaining companies within the top 98 per cent by full market capitalisation of the SGX Mainboard;

3. FTSE ST All Share Index - comprising all companies within the top 98 per cent by full market capitalisation of the SGX Mainboard universe (i.e. large cap, mid cap and small cap indices combined);

4. FTSE ST Fledgling Index - All companies that are too small to be included within the FTSE ST All Share Index.


Sector Indices

Companies within the FTSE ST All Share Index will be classified by:

1. FTSE ST Oil and Gas Sector Index
2. FTSE ST Basic Materials Sector Index
3. FTSE ST Industrials Sector Index
4. FTSE ST Consumer Goods Sector Index
5. FTSE ST Healthcare Sector Index
6. FTSE ST Consumer Services Sector Index
7. FTSE ST Telecommunications Sector Index
8. FTSE ST Utilities Index
9. FTSE ST Financials Sector Index
10. FTSE ST Technology Sector index
11. FTSE ST Real Estate Index
12. FTSE ST Real Estate Holding and Development
13. FTSE ST Real Estate Investment Trusts

Theme Index

1. FTSE ST China Index

Appendix 2

Revamped STI starting constituents for 8 October 2007 (30 constituents)

CAPITALAND
CAPITAMALL TRUST
CITY DEVELOPMENTS
COSCO CORP SINGAPORE
DBS GROUP HOLDINGS
FRASER AND NEAVE
GENTING INTERNATIONAL
HONG KONG LAND
JARDINE CYCLE & CARRIAGE
JARDINE STRATEGIC
KEPPEL CORP
KEPPEL LAND
NEPTUNE ORIENT LINES
NOBLE GROUP
OLAM INTERNATIONAL
OVERSEAS CHINESE BANKING
SEMBCORP INDUSTRIES
SEMBCORP MARINE
SIA ENGINEERING
SINGAPORE AIRLINES
SINGAPORE EXCHANGE
SINGAPORE PRESS HOLDINGS
SINGAPORE TECHNOLOGIES ENGINEERING
SINGAPORE TELECOM
STARHUB
THAI BEVERAGE
UNITED OVERSEAS BANK
WILMAR INTERNATIONAL
YANGZIJIANG SHIPBLDG HLDGS
YANLORD LAND GROUP



Appendix 3

FTSE ST Mid Cap Index starting constituents for 8 October 2007 (50 constituents)

ALLGREEN PROP LABROY MARINE
ASCENDAS REAL ESTATE INVESTMENT TRUST MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND
ASCOTT GROUP MANDARIN ORIENT
BANYAN TREE HOLDINGS MAPLETREE LOGISTICS TRUST
CAPITACOMMERCIAL TRUST MOBILEONE
CDL HOSPITALITY TRUSTS PARKWAY HOLDINGS
CEREBOS PACIFIC LTD PEOPLE’S FOOD HOLDINGS
CHARTERED SEMICONDUCTOR RAFFLES EDUCATION CORP
CHINA AVIATION OIL SINGAPORE CORP SINGAPORE AIRPORT TERMINAL SERVICES
CHINA ENERGY SINGAPORE LAND
CHINA HONGXING SPORTS SINGAPORE PETROLEUM
CHINA SKY CHEMICAL FIBRE SINGAPORE POST
COMFORTDELGRO CORP SMRT CORP
DELONG HOLDINGS STATS CHIPPAC
EZRA HOLDINGS STRAITS ASIA RESOURCES
GALLANT VENTURE STRAITS TRADING
GUOCOLAND STX PAN OCEAN
HAW PAR CORPORATION SUNTEC REIT
HO BEE INVEST SYNEAR FOOD HOLDINGS
HONG LEONG FINANCE UNITED TEST AND ASSEMBLY CENTER
HOTEL PROPERTIES UOL GROUP
HYFLUX UTD INDUSTRIAL CORP
INDOFOOD AGRI RESOURCES. VENTURE CORP
JAYA HOLDINGS WHEELOCK PROPERTIES
KEPPEL TELECOM WING TAI HOLDINGS


FTSE ST Small Cap Index starting constituents for 8 October 07 (195 constituents)

ABTERRA HOTUNG INVESTMENT HOLDINGS
ADVANCE SCT HSU FU CHI INTERNATIONAL
ADVANCED HOLDINGS HTL INTERNATIONAL HOLDINGS
ALLCO COMMERCIAL REAL ESTATE HUAN HSIN
AMARA HOLDINGS HUPSTEEL
AQUA-TERRA SUPPLY CO. HWA HONG CORPORATION
ARMSTRONG INDUSTRIAL CORP. . INNOVALUES
ASCENDAS INDIA TRUST INTER-ROLLER ENGINEERING
ASCOTT RESIDENCE TRUST JAPAN LAND
ASIA DEKOR HOLDINGS JIUTIAN CHEMICAL GROUP
ASIA ENTERPRISES HOLDING JURONG TECHNOLOGIES INDUSTRIAL CORP
ASIA ENVIRONMENT HOLDINGS K-REIT ASIA
ASIAPHARM GROUP K1VENTURES
ASL MARINE HOLDINGS KIM ENG HOLDINGS
ASTI HOLDINGS KINGBOARD COPPER FOIL HOLDINGS
AUSGROUP KOH BROTHERS GROUP
AVI-TECH ELECTRONICS KS ENERGY SERVICES
AZTECH SYSTEMS . L.C. DEVELOPMENT
BBR HOLDINGS (S) LEE KIM TAH HOLDINGS
BEAUTY CHINA HOLDINGS LIAN BENG GROUP
BEST WORLD INTERNATIONAL LIANG HUAT ALUMINUM
BEYONICS TECH LMA INTERNATIONAL N.V.
BH GLOBAL MARINE LONGCHEER HOLDINGS
BIO-TREAT TECHNOLOGY LOTTVISION
BIOSENSORS INTERNATIONAL GROUP LOW KENG HUAT (SINGAPORE)
BONVESTS HOLDINGS LUM CHANG HOLDINGS
BRIGHT WORLD PRECISION LUZHOU BIO-CHEM TECHNOLOGY
BUKIT SEMBAWANG ESTATES MACARTHURCOOK INDUSTRIAL REIT
C & O PHARMACEUTICAL TECHNOLOGY HOLDINGS MACQUARIE MEAG PRIME REIT
C&G INDUSTRIAL HOLDINGS MAN WAH HOLDINGS
CAMBRIDGE INDUSTRIAL TRUST MANHATTAN RESOURCES
CAPITARETAIL CHINA TRUST MEDIARING .
CELESTIAL NUTRIFOODS MEIBAN GROUP
CENTILLION ENVIRONMENT & RECYCLING MEMTECH INTERNATIONAL
CH OFFSHORE METRO HOLDINGS
CHEMOIL ENERGY MIDAS HOLDINGS
CHINA ANGEL FOOD MIDSOUTH HOLDINGS
CHINA AUTO NATSTEEL
CHINA DAIRY GROUP NERA TELECOMMUNICATIONS
CHINA ESSENCE GROUP ORCHARD PARADE HOLDINGS
CHINA FARM EQUIPMENT LIMITED OSIM INTERNATIONAL
CHINA FLEXIBLE PACKAGING HOLDINGS OUHUA ENERGY HOLDINGS
CHINA KANGDA FOOD PACIFIC ANDES HOLDINGS
CHINA LIFESTYLE FOOD AND BEVERAGES GROUP PACIFIC CENTURY REGIONAL DEVELOPMENTS
CHINA MERCHANTS HLDGS(PACIFIC) PACIFIC SHIPPING TRUST
CHINA MILK PRODUCTS GROUP PAN HONG PROPERTY GROUP
CHINA SPORTS INTL PINE AGRITECH
CHINA SUN BIO-CHEM TECHNOLOGY GROUP CO PT BERLIAN LAJU TANKER TBK
CHINA SUNSINE CHEM HLDGS QAF
CHINA WHEEL HOLDINGS R H ENERGY
CHINA XLX FERTILISER RAFFLES MEDICAL GROUP
CHINA YUANBANG PROP HLDGS RICKMERS MARITIME
CHIP ENG SENG CORP. ROTARY ENGINEERING
CHT (HOLDINGS) ROWSLEY
CHUAN HUP HOLDINGS SARIN TECHNOLOGIES
CITYSPRING INFRASTRUCT TRUST SC GLOBAL DEVELOPMENTS
COURAGE MARINE GROUP SECOND CHANCE PROPERTIES
CREATIVE TECHNOLOGY SEKSUN CORP.
CSC HOLDINGS SEMBAWANG KIMTRANS
CSE GLOBAL SHANGHAI ASIA HOLDINGS
CWT SIHUAN PHARMA HLDGS
DATACRAFT ASIA SIM LIAN GROUP
DATAPULSE TECHNOLOGY SINGAPORE FOOD INDUSTRIES
DMX TECHNOLOGIES GROUP SINGAPORE SHIPPING CORP
ECS HOLDINGS SINO TECHFIBRE
ELECTROTECH INVESTMENTS SINO-ENVIRONMENT TECHNOLOGY GROUP
ENVIRO-HUB HOLDINGS SINOMEM TECHNOLOGY
EPURE INTERNATIONAL SINWA
F J BENJAMIN HOLDINGS SMB UNITED
FEDERAL INTERNATIONAL (2000) SNP CORPORATION
FERROCHINA SOILBUILD GROUP HOLDINGS
FIBRECHEM TECHNOLOGIES SP CHEMICALS
FINANCIAL ONE CORP. SSH
FIRST REAL ESTATE INVESTMENT TRUST STAMFORD LAND CORP
FIRST SHIP LEASE TRUST SUNNINGDALE TECH
FOOD EMPIRE HOLDINGS SUNSHINE HOLDINGS
FORELAND FABRICTECH HLDGS SUNVIC CHEMICAL HOLDINGS
FRASERS CENTREPOINT TRUST SUPER COFFEEMIX MANUFACTURING
FREIGHT LINKS EXPRESS HOLDINGS SWIBER HOLDINGS
FU YU CORP LTD TAI SIN ELECTRIC CABLES MANUFACTURER
FULL APEX (HOLDINGS) TAT HONG HOLDINGS
FUNG CHOI PRINTING & PACKAGING GROUP TIONG WOON CORP. HOLDING
GEMS TV HOLDINGS TT INTERNATIONAL
GLOBAL TESTING TUAN SING HOLDINGS
GOODPACK UMS HOLDINGS
GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP UNISTEEL TECHNOLOGY
GUTHRIE GTS . UNITED ENGINEERS
HEETON HOLDINGS UNITED FIBER SYSTEM
HERSING REALTY UNITED FOOD HOLDINGS
HG METAL MANUFACTURING VICOM
HI-P INTERNATIONAL XPRESS HOLDINGS .
HIAP HOE YELLOW PAGES (SINGAPORE)
HIAP SENG ENGINEERING YHI INTERNATIONAL
HLG ENTERPRISE YOMA STRATEGIC HOLDINGS
HONG FOK CORP YONGNAM HOLDINGS
HONG LEONG ASIA
HONGGUO INTERNATIONAL HOLDINGS
HOR KEW CORP .
HOTEL GRAND CENTRAL
HOTEL PLAZA


FTSE ST China Index starting constituents for 8 October 07 (50 constituents)

ASIA DEKOR HOLDINGS CHINA XLX FERTILISER .
ASIA ENVIRONMENT HOLDINGS CHINA YUANBANG PROP HLDGS
ASIAPHARM GROUP CHT (HOLDINGS) .
BIO-TREAT TECHNOLOGY COSCO CORPORATION (S)
BRIGHT WORLD PRECISION MAC DELONG HOLDINGS
C & O PHARM TECH (HLDGS) EPURE INTERNATIONAL
C&G INDUSTRIAL HOLDINGS FIBRECHEM TECHNOLOGIES
CELESTIAL NUTRIFOODS FULL APEX (HOLDINGS)
CHINA ANGEL FOOD GUANGZHAO IND FOREST BIOGRP
CHINA AVIATION OIL(S) CORP HONGGUO INTL HOLDINGS
CHINA DAIRY GROUP JIUTIAN CHEMICAL GROUP
CHINA ENERGY LONGCHEER HOLDINGS
CHINA ESSENCE GROUP LUZHOU BIO-CHEM TECHNOLOGY
CHINA FARM EQUIPMENT MEMTECH INTERNATIONAL
CHINA FLEXIBLE PACK HLDG MIDSOUTH HOLDINGS
CHINA HONGXING SPORTS OUHUA ENERGY HOLDINGS
CHINA KANGDA FOOD COMPANY R H ENERGY
CHINA LIFESTYLE F&B GROUP SHANGHAI ASIA HOLDINGS
CHINA MERCHANTS HLDGS(PACIFIC) SIHUAN PHARMA HLDGS GROUP
CHINA MILK PRODUCTS GROUP SINO TECHFIBRE
CHINA SKY CHEM FIBRE CO SINO-ENVIRONMENT TECH GRP
CHINA SPORTS INTL SUNSHINE HOLDINGS
CHINA SUN BIOCHEM TECH GP CO. SUNVIC CHEMICAL HOLDINGS
CHINA SUNSINE CHEM HLDGS SYNEAR FOOD HOLDINGS
CHINA WHEEL HOLDINGS YANGZIJIANG SHIPBLDG HLDGS