SGX: Revamped Straits Times Index And New FTSE ST Index Series To Go Live On 10 January 2008

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 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

Appendix 1

STRAITS TIMES INDEX (STI)

In line with FTSE’s international methodology, these companies have been included based on the following criteria:

1. Free Float. The free float of a listed company must be greater than 15%. The definition of “free float” includes portfolio investments, nominee holdings and holdings by investment companies.

2. Liquidity. A stock must trade with a median daily turnover value of at least 0.05% of the value of its free float-adjusted shares in issue for at least 10 out of the last 12 months.

FTSE ST INDEX SERIES

Similar to the revamped STI, the 18 indices in the FTSE ST Index Series – including the FTSE ST Mid Cap and Small Cap indices - are based on the above two criteria (i.e. free float and liquidity).

The FTSE ST Index Series includes 13 industrial and sub-sector indices. These are built in accordance with the rules that govern the globally renowned Industry Classification Benchmark (ICB) system.

In addition, a China-theme index has been created to reflect the increasing significant representation of mainland China stocks in the Singapore market. The FTSE ST China Index, comprises top-ranking mainland China stocks on SGX, will facilitate cross-border analysis and comparison.

The constituents of the FTSE ST Mid Cap, Small Cap and China Index are listed in Appendix 4.

To qualify for inclusion in any index, except the FTSE ST Fledgling Index, the market capitalisation of a listed company must fall within the top 98% by full market capitalisation of all SGX Mainboard companies.

The FTSE ST Fledgling Index includes all the other qualifying companies comprising the last 2% by full market capitalisation. These stocks are not screened for stock liquidity.

Appendix 2

1. The revamped Straits Times Index - comprising the top 30 SGX Mainboard listed companies selected by full market capitalisation. The STI will be complemented by a new family of 18 FTSE ST indices.

FTSE ST Index Series
1. FTSE ST Mid Cap Index - comprising the next 50 SGX Mainboard listed companies by full market capitalisation;

2. FTSE ST Small Cap Index - comprising the remaining companies within the top 98 per cent by full market capitalisation of the SGX Mainboard;

3. FTSE ST All Share Index - comprising all companies within the top 98 per cent by full market capitalisation of the SGX Mainboard universe (i.e. large cap, mid cap and small cap indices combined);

4. FTSE ST Fledgling Index - All companies that are too small to be included within the FTSE ST All Share Index.

Sector Indices
Companies within the FTSE ST All Share Index will be classified by:

1. FTSE ST Oil and Gas Sector Index
2. FTSE ST Basic Materials Sector Index
3. FTSE ST Industrials Sector Index
4. FTSE ST Consumer Goods Sector Index
5. FTSE ST Healthcare Sector Index
6. FTSE ST Consumer Services Sector Index
7. FTSE ST Telecommunications Sector Index
8. FTSE ST Utilities Index
9. FTSE ST Financials Sector Index
10. FTSE ST Technology Sector index
11. FTSE ST Real Estate Index
12. FTSE ST Real Estate Holding and Development
13. FTSE ST Real Estate Investment Trusts

Theme Index

1. FTSE ST China Index

Appendix 3

Revamped STI starting constituents (30 constituents)

ABTERRA	HOTUNG INVESTMENT HOLDINGS
ADVANCE SCT	HSU FU CHI INTERNATIONAL
ADVANCED HOLDINGS	HTL INTERNATIONAL HOLDINGS
ALLCO COMMERCIAL REAL ESTATE INVESTMENT TRUST	HUAN HSIN HOLDINGS
AMARA HOLDINGS	HUPSTEEL
AQUA-TERRA SUPPLY CO.	HWA HONG CORPORATION
ARMSTRONG INDUSTRIAL CORPORATION	INNOVALUES
ASCENDAS INDIA TRUST	INTER-ROLLER ENGINEERING
ASCOTT RESIDENCE TRUST	JAPAN LAND
ASIA DEKOR HOLDINGS	JIUTIAN CHEMICAL GROUP
ASIA ENTERPRISES HOLDING	JURONG TECHNOLOGIES INDUSTRIAL CORPORATION
ASIA ENVIRONMENT HOLDINGS	K-REIT ASIA
ASIAPHARM GROUP	K1VENTURES
ASL MARINE HOLDINGS	KIM ENG HOLDINGS
ASTI HOLDINGS	KINGBOARD COPPER FOIL HOLDINGS
AUSGROUP	KOH BROTHERS GROUP
AVI-TECH ELECTRONICS	KS ENERGY SERVICES
AZTECH SYSTEMS	L.C. DEVELOPMENT
BBR HOLDINGS (S)	LEE KIM TAH HOLDINGS
BEAUTY CHINA HOLDINGS	LIAN BENG GROUP
BEST WORLD INTERNATIONAL	LIANG HUAT ALUMINUM
BEYONICS TECHNOLOGY	LMA INTERNATIONAL N.V.
BH GLOBAL MARINE	LONGCHEER HOLDINGS
BIO-TREAT TECHNOLOGY	LOTTVISION
BIOSENSORS INTERNATIONAL GROUP	LOW KENG HUAT (SINGAPORE)
BONVESTS HOLDINGS	LUM CHANG HOLDINGS
BRIGHT WORLD PRECISION	LUZHOU BIO-CHEM TECHNOLOGY
BUKIT SEMBAWANG ESTATES	MACARTHURCOOK INDUSTRIAL REAL ESTATE INVESTMENT TRUST
C & O PHARMACEUTICAL TECHNOLOGY HOLDINGS	MACQUARIE MEAG PRIME REAL ESTATE INVESTMENT TRUST
C&G INDUSTRIAL HOLDINGS	MAN WAH HOLDINGS
CAMBRIDGE INDUSTRIAL TRUST	MANHATTAN RESOURCES
CAPITARETAIL CHINA TRUST	MEDIARING
CELESTIAL NUTRIFOODS	MEIBAN GROUP
CENTILLION ENVIRONMENT & RECYCLING	MEMTECH INTERNATIONAL
CH OFFSHORE	METRO HOLDINGS
CHEMOIL ENERGY	MIDAS HOLDINGS
CHINA ANGEL FOOD	MIDSOUTH HOLDINGS
CHINA AUTO CORPORATION	NATSTEEL
CHINA DAIRY GROUP	NERA TELECOMMUNICATIONS
CHINA EVERBRIGHT	ORCHARD PARADE HOLDINGS
CHINA ESSENCE GROUP	OSIM INTERNATIONAL
CHINA FARM EQUIPMENT LIMITED	OUHUA ENERGY HOLDINGS
CHINA FLEXIBLE PACKAGING HOLDINGS	PACIFIC ANDES HOLDINGS
CHINA KANGDA FOOD COMPANY	PACIFIC CENTURY REGIONAL DEVELOPMENTS
CHINA LIFESTYLE FOOD AND BEVERAGES GROUP	PACIFIC SHIPPING TRUST
CHINA MILK PRODUCTS GROUP	PAN HONG PROPERTY GROUP
CHINA SPORTS INTERNATIONAL	PT BERLIAN LAJU TANKER TBK
CHINA SUN BIO-CHEM TECHNOLOGY GROUP COMPANY	QAF
CHINA SUNSINE CHEM HOLDINGS	R H ENERGY
CHINA WHEEL HOLDINGS	RAFFLES MEDICAL GROUP
CHINA XLX FERTILISER	RICKMERS MARITIME
CHINA YUANBANG PROPERTY HOLDINGS	ROTARY ENGINEERING
CHIP ENG SENG CORPORATION	ROWSLEY
CHT (HOLDINGS)	SARIN TECHNOLOGIES
CHUAN HUP HOLDINGS	SC GLOBAL DEVELOPMENTS
CITYSPRING INFRASTRUCTURE TRUST	SECOND CHANCE PROPERTIES
COURAGE MARINE GROUP	SEKSUN CORPORATION
CREATIVE TECHNOLOGY	SHANGHAI ASIA HOLDINGS
CSC HOLDINGS	SIHUAN PHARMACEUTICALS HOLDINGS
CSE GLOBAL	SIM LIAN GROUP
CWT	SINGAPORE FOOD INDUSTRIES
DATACRAFT ASIA	SINGAPORE SHIPPING CORPORATION
DATAPULSE TECHNOLOGY	SINO TECHFIBRE
DMX TECHNOLOGIES GROUP	SINO-ENVIRONMENT TECHNOLOGY GROUP
ECS HOLDINGS	SINOMEM TECHNOLOGY
ELECTROTECH INVESTMENTS	SINWA
ENVIRO-HUB HOLDINGS	SMB UNITED
EPURE INTERNATIONAL	SNP CORPORATION
F J BENJAMIN HOLDINGS	SOILBUILD GROUP HOLDINGS
FEDERAL INTERNATIONAL (2000)	SP CHEMICALS
FERROCHINA	SSH CORPORATION
FIBRECHEM TECHNOLOGIES	STAMFORD LAND CORP
FINANCIAL ONE CORP	SUNNINGDALE TECH
FIRST REAL ESTATE INVESTMENT TRUST	SUNSHINE HOLDINGS
FIRST SHIP LEASE TRUST	SUNVIC CHEMICAL HOLDINGS
FOOD EMPIRE HOLDINGS	SUPER COFFEEMIX MANUFACTURING
FORELAND FABRICTECH HOLDINGS	SWIBER HOLDINGS
FRASERS CENTREPOINT TRUST	TAI SIN ELECTRIC
FREIGHT LINKS EXPRESS HOLDINGS	TAT HONG HOLDINGS
FU YU CORPORATION	TIONG WOON CORPORATION HOLDING
FULL APEX (HOLDINGS)	TT INTERNATIONAL
FUNG CHOI PRINTING & PACKAGING GROUP	TUAN SING HOLDINGS
GEMS TV HOLDINGS	UMS HOLDINGS
GLOBAL TESTING CORPORATION	UNISTEEL TECHNOLOGY
GOODPACK	UNITED ENGINEERS
GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP	UNITED FIBER SYSTEM
GUTHRIE GTS	UNITED FOOD HOLDINGS
HEETON HOLDINGS	VICOM
HERSING REALTY	XPRESS HOLDINGS
HG METAL MANUFACTURING	YELLOW PAGES (SINGAPORE)
HI-P INTERNATIONAL	YHI INTERNATIONAL
HIAP HOE	YOMA STRATEGIC HOLDINGS
HIAP SENG ENGINEERING	YONGNAM HOLDINGS
HLG ENTERPRISE
HONG FOK CORPORATION
HONG LEONG ASIA
HONGGUO INTERNATIONAL HOLDINGS
HOR KEW CORPORATION
HOTEL GRAND CENTRAL
HOTEL PLAZA