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Election of Two New Directors to SPH Board

5 DECEMBER 2003 – Media group Singapore Press Holdings Limited today announced the election of two new directors to its Board.

Dr Philip N. Pillai, 56, and Mr Sum Soon Lim, 60, were elected by shareholders at the Company´s Annual General Meeting (AGM) held at the SPH News Centre this morning.

Dr Pillai, a Senior Partner in Shook Lin & Bok, has also been appointed a member of the SPH Remuneration Committee. He is also a director of the Monetary Authority of Singapore, Singapore Technologies Engineering Ltd, Lindeteves-Jacoberg Ltd and Hotung Investment Holdings Ltd.

Mr Sum was appointed a member of the SPH Audit Committee. He is a director of Chartered Semiconductor Manufacturing Ltd, CapitaLand Ltd and Singapore Health Services Pte Ltd, and is also Corporate Advisor to Singapore Technologies Pte Ltd and Temasek Holdings Pte Ltd, and a member of the Securities Industry Council.

Speaking at the AGM, Mr Lim Chin Beng, Chairman of SPH, welcomed the two new directors and said they would be able to make “great contributions” to the SPH Board with their vast experience.

Mr Lim also thanked two senior directors - Mr Wee Cho Yaw and Mr Lee Hee Seng - who stepped down from the SPH Board after more than 19 years.

"On behalf of the SPH Board, management and shareholders, I would like to express our heartfelt appreciation to both Mr Wee and Mr Lee for their contributions to the Group since it was incorporated in 1984 and, before that, to the Chinese newspapers group. Their guidance and support had been invaluable and it is with deep regret that we accept their retirement from the Board."

The AGM approved a final dividend of 50 cents, and a special dividend of 30 cents per share for financial year ending 31 August 2003. This brings the total gross dividend payout for the financial year to S$1.30 per share.

Issued by Singapore Press Holdings Limited

For more information, please contact:

Irene Ngoo
Assistant Vice President
Corporate Relations
Singapore Press Holdings
DID: 63191216
Fax: 6319 8150

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 14 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 the SPH publications while the online editions 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.