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Announcement: Incorporation Of Subsidiaries

Times Properties Private Limited, a wholly-owned subsidiary of Singapore Press Holdings Ltd (SPH), has incorporated a wholly-owned subsidiary.

Details of the newly incorporated company are as follows:

  Name of company : Times Development Pte Ltd
  Date of incorporation : 1 September 2006
  Issued Capital : S$2
  Nature of business : Property development
       


Mr Sum Soon Lim, who is a director of SPH, has been appointed the Chairman of Times Development Pte Ltd. Save as disclosed above, none of the directors of SPH has any interest, direct or indirect in the matter.

Singapore,

1 September 2006

Submitted by Ginney Lim May Ling, Group Company Secretary to SGX on 1 September 2006


Issued by Singapore Press Holdings Ltd
Co. Regn. No: 198402868E


About Singapore Press Holdings
Main board listed Singapore Press Holdings Limited is the leading media company in Singapore, in the print, Internet and broadcasting platforms. It publishes 14 newspapers in the four official languages, including Singapore’s first free Chinese newspaper, My Paper, and over 80 magazine titles. Everyday, 2.7 million individuals, or 83 per cent of the people above 15 years old, read one of the SPH publications. Its Internet Business Unit manages the online editions of SPH’s major newspapers, which enjoy over 100 million pageviews from 6 million unique visitors every month. More recent online additions are the classified website, ST701, and STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Internet and via mobile messaging.

SPH owns and operates Paragon, the prime shopping and office building in the heart of Orchard Road. Paragon features international brands and luxury goods, restaurants serving wide-ranging cuisines and lifestyle facilities such as spas and a fitness club.

SPH also owns a 20% stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40% stake in MediaCorp Press Pte Ltd, which publishes free sheet Today. SPH has a 70% stake in SPH UnionWorks, which operates two entertainment radio channels, Radio 100.3 in Chinese and Radio 91.3 in English. In addition, SPH holds an 80% stake in SPH MediaBoxOffice Pte Ltd, Singapore´s largest LED network media company, and a 35% stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.