JOINT MEDIA RELEASE

ComfortDelGro Corporation and SMRT Corporation to join STI after half-yearly index review

Singapore & Hong Kong, 12 March 2009 – Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE) announced today the results of the half-yearly review of the Straits Times Index (STI) and FTSE ST Index Series. ComfortDelGro Corporation and SMRT Corporation will join the STI in place of Yanlord Land Group and Keppel Land.

Changes were also made to other FTSE ST indices. The list of changes is in Appendix 1, while Appendix 2 gives the full list of the latest component stocks of the STI and other major indices. The selection criteria used are in Appendix 3.

The changes to the STI and 19 other FTSE ST indices were approved by the independent FTSE ST Index Advisory Committee, which met today to review the indices in accordance with the index ground rules. Half-yearly index reviews ensure that the indices remain an accurate reflection of the market they represent. This is essential when the indices are used to benchmark investment portfolios and used as the basis of existing exchange traded funds (ETFs), warrants, futures and other index-linked products.

The STI reserve list after this review will comprise (in order of priority) Ascendas Real Estate Investment Trust, STX Pan Ocean Co., Yangzijiang Shipbldg Hldgs, Singapore Post and Singapore Land. Reserve lists are created at each half-yearly review and comprise the next five companies ranked in order of market capitalisation below the STI. Companies in the reserve list will be included in the STI to replace any constituent stocks that may be excluded, in the event of corporate actions or mergers which impact the index between reviews.

All changes from this review will take effect from the start of trading on Monday, 23 March 2009, with the next review scheduled for Thursday, 10 September 2009.

For more information about the STI and FTSE ST Index Series, the full review results or the index ground rules, please visit www.ftse.com/st

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 / Emily Mok

Tel: +852 2230 5800

Email: media@ftse.com

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) celebrates its 25th anniversary this year. It is the leading media company in Southeast Asia, delivering news and information through multiple media platforms.

Newspapers and Magazines

In Singapore, SPH publishes 17 newspaper titles in four languages. Every day, 2.9 million individuals or 79 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 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 150 million pageviews with 9 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include the online marketplace for products, services and employment, ST701; local search and directory engine, rednano.sg; Stomp (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging; omy, a bilingual news and interactive portal and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video on demand clips.

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.

Visit www.sph.com.sg for more information.

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.

>> Click here for Appendices