Singapore Exchange Amendments To Quarterly Reporting Requirements

Singapore Exchange Ltd (SGX) today announced that in line with the Government's changes to the quarterly reporting requirements, it will, with immediate effect, waive mandatory quarterly reporting for listed companies with market capitalization of S$75 million and below, based on the 31 March 2003 market capitalization data published by SGX. The quarterly reporting requirements for these companies will be reviewed in mid-2005.

Issuers who wish to continue with quarterly reporting may do so.

New issuers whose market capitalization is $75 million or below (based on the IPO issue price), will not be required to report quarterly results. The quarterly reporting requirement for new issuers will also be reviewed in mid-2005.

Listing Rule 705(1) on the disclosure of half-year and full-year financial results will continue to apply.

In the next round of the listing rule amendments, SGX will amend Listing Rule 705(2) to align it with the Government's changes to the quarterly reporting requirements.