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Revamped Straits Times Index and New FTSE ST Index Series to go live on 10 January 2008

Singapore, 10 December 2007 - Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that the revamped Straits Times Index (STI) as well as the other 18 new indices of the FTSE ST Index Series will go live on 10 January 2008.

The revamped STI will comprise 30 blue-chip companies on the SGX Mainboard ranked by market capitalisation as at 31 August 2007. These stocks have also passed the selection criteria outlined in Appendix 1. Details of the indices are in Appendix 2, while the constituents of the revamped STI are shown in Appendix 3.

The opening value of the revamped STI on that day will be the same as the closing value of the current STI on 9 January 2008, to ensure continuity. To facilitate historical analysis of the revamped 30-stock STI calculated based on the new FTSE methodology, it will have a re-created history going back to 31 August 1999. This will be made available by FTSE on 11 January 2008.

The other 18 new indices will similarly start on 10 January 2008. Their trial values have been calculated since 8 October 2007, with all 18 indices starting at 1,000. Their opening values on 10 January 2008 will be the same as their closing trial values on 9 January 2008. The trial values of the 18 new indices since 8 October 2007 are also available at the FTSE website at http://www.ftse.com/st

The revamped STI and the new FTSE ST Index Series aim to 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.

TRIAL VALUES

Trial values of the revamped Straits Times Index (STI) and the other 18 new indices are meant to facilitate technical testing and do not replace the current STI values. The trial period allows market participants to familiarise themselves with the workings of the revamped STI and FTSE ST Index Series ahead of the official launch on 10 January 2008.

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

Please see attached Appendix 1, 2 and 3.




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
Lim Seng Jin
Corporate Communications
Tel: +65 6236 8385
Email: sengjin.lim@sgx.com

FTSE
Meredith Blakemore
Tel: +852 2230 5801
Email: media@ftse.com

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, 2.9 million individuals or 81 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 110 million pageviews with 7 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 FM in Mandarin and Radio 91.3 FM 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 Ltd (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). SGX is Asia-Pacific’s first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange’s stock is a component of benchmark indices such as the MSCI Singapore’s Free Index and the Straits Times Index (STI).

SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures such as crude palm oil and rubber and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.

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, Sydney 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, Thailand 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.