Share sub-division and capital reduction

10 June 2004

Singapore Press Holdings Limited is pleased to announce that a copy of the Order of Court confirming the Exercises was lodged with the Registrar of Companies and Businesses of Singapore today. Accordingly, the Capital Reduction has become effective today. Payment to Shareholders for the Cash Distribution pursuant to the Capital Reduction will be made within 10 market days of the date hereof.

Unless otherwise defined, terms used in this Announcement shall have the same meanings as defined in the circular dated 14 April 2004, which was despatched to Shareholders.