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Recapitalisation of STI component stock

September 1, 2003, Monday - Fraser & Neave Ltd, a component stock in the Straits Times Index, will trade "ex-entitlements’’ on September 3 following its capital reduction and cash distribution exercise. To reflect this change in the Straits Times Index, F&N will be excluded from the calculation of the index for one day on Sept 3. The recapitalised F&N will be added back to the Straits Times Index the following day on Sept 4.

Issued by SPH Corporate Relations

For inquiries, call Julie Wee at Tel: 63195367.

About SPH
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.