JOINT MEDIA RELEASE

SPH, SGX and FTSE launch revamped Straits Times Index and new FTSE ST Index Series today

Singapore , 10 January 2008 --- Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) are launching the revamped Straits Times Index (STI) as well as the other 18 new indices of the FTSE ST Index Series today.

Mr Alan Chan, SPH CEO, said, " The revamped STI, together with the introduction of the four FTSE ST benchmark indices, 13 sector indices and the FTSE ST China Index, will be more comprehensive in the primary role of tracking the real-time performance of the Singapore stock market on each trading day."

Mr Hsieh Fu Hua, SGX CEO, said, "Today's launch is a major milestone for the Singapore market as we now adopt a globally recognised methodology for our indices. We expect that the revamped STI and new indices will stimulate the development of more index-related products, spurring greater trading on our exchange and creating a more vibrant Singapore securities market."

Mr Mark Makepeace, FTSE Group Chief Executive, added, "FTSE is pleased to partner with SGX and SPH to apply FTSE's internationally recognised methodology to Singapore 's domestic benchmarks. The revamp of the STI and the launch of the new FTSE ST Index Series shows their commitment to creating a vibrant market for Singapore by encouraging the creation of index-linked products with an underlying index that is investable, tradable and transparently managed."

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 today is the same as the closing value of the previous STI yesterday, to ensure continuity. To facilitate historical analysis of the revamped 30-stock STI based on the new FTSE methodology, a re-created history going back to 31 August 1999 has been created

The other 18 new indices are similarly starting today. Their trial values have been calculated since 8 October 2007, with all 18 indices starting at 1,000.Their opening values today are the same as their closing trial values yesterday. Historical values for each index back to 31 August 1999 have been created.

Real-time intra-day values of the revamped STI and new FTSE ST Index Series will be displayed on the following web sites from today:

SPH http://btstocks.asiaone.com/keyIndices.html

SGX http://www.sgx.com

NextView http://www.investasiaonline.com

ShareInvestor http://www.shareinvestor.com and http://www.listedcompany.com

FTSE will also display the end-of-day index values on its website at http://www.ftse.com/st

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

Lim Seng Jin

Corporate Communications

Tel: +65 6236 8385

Email: sengjin.lim@sgx.com

FTSE

Meredith Blakemore

Tel: +852 2230 5800

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.

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.

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