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