Change of company name for Times Periodicals Pte Ltd

23 June 2003 - Times Periodicals Pte Ltd (TP), the magazine publishing arm of media giant Singapore Press Holdings (SPH), will be renamed SPH Magazines Pte Ltd with effect from today.

The name change is to reflect the leading market position of SPH magazines, which include such bestsellers as Her World, Her World Brides , Home & Décor and Young Parents. The direct association with the parent company will promote synergy among SPH's businesses and is consistent with how SPH identifies its strategic business units. For example, SPH MediaWorks for television and SPH Asia One for Internet business.

SPH Magazines' chairman, Mr Wee Leong How, says: "To be known as SPH Magazines better reflects our parentage.''

The name change comes at a time when SPH Magazines is poised to expand its portfolio of magazines, which also include contract publishing titles such as SIA's inflight magazine SilverKris, NSMan and ResQ.

"We thought the word Periodicals was dated and we needed a more progressive and international corporate image," says SPH Magazines' Managing Director Mr David Tay. "The change marks a new and exciting phase for the company."

TP started as a division of Times Publications Ltd which was later known as Times Publishing Ltd and, in May 1999 it became a wholly-owned subsidiary of SPH.

Issued by Singapore Press Holdings

For more information, please contact:

Irene Ngoo
Assistant Vice President
Corporate Relations
DID: 63191216
Email: ingoo@sph.com.sg

About SPH Magazines Pte Ltd

It is the leading magazine publisher in Singapore with all its titles maintaining No. 1 readership in the Nielsen Media Index 2002

• Her World - Singapore's No. 1 magazine with a readership of 137,000
• Home & Decor - Style leader in home interior sector with 37,000 readership.
• Young Parents - The best-read parenting magazine for those with young children. Readership is 32,000.
• Her World Brides - A definitive wedding guide published quarterly.

SPH Magazines also specialises in custom publishing – producing two of the highest circulating publications in Singapore.

• NSman - A bi-monthly for SAFRA National Service Association with a circulation of 150,000.
• RES-Q - A bi-monthly for Civil Defence Association for National Servicemen with a circulation of 120,000.
• SilverKris - Monthly inflight magazine of Singapore International Airlines with 75,000 copies in English edition and a bi-monthly Japanese edition with 45,000 copies.

SPH Magazines is the exclusive marketing representative of two leading Chinese publications.

• Citta Bella - No.1 Chinese women's magazine in Singapore.
• You-Weekly - Weekly entertainment magazine.

About Singapore Press Holdings

Main board listed Singapore Press Holdings Limited is the leading news and information provider, offering quality content for print, Internet, TV and radio. It publishes 15 newspapers in the four official languages and six lifestyle periodicals. Everyday, 2.78 million individuals, or 90 per cent of people above 15 years old, read one of 15 newspapers published by SPH while online publication of its six main dailies enjoy some 120 million pageviews a month. SPH has ventured into the broadcast medium and operates two popular free-to-air TV channels, Channel U in Chinese and Channel i in English. It also operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English, under a joint venture company UnionWorks with NTUC Media.