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Winding Up Of Subsidiary

BackMar 30, 2005
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SINGAPORE PRESS HOLDINGS LIMITED

ANNOUNCEMENT TO THE SINGAPORE EXCHANGE LTD

WINDING UP OF SUBSIDIARY

30 March 2005 - Singapore Press Holdings Ltd ("SPH") wishes to announce that on 23 March 2005, a special resolution of Blu Inc Holdings (S) Pte Ltd ("BIH") was passed for BIH to be wound up voluntarily. An ordinary resolution was also passed on the same day for the appointment of Messrs. Chee Yoh Chuang and Lim Lee Meng of 18 Cross Street, #08-01 Marsh & McLennan Centre, Singapore 048423, as joint and several Liquidators of the Company for the purpose of such winding up.

Blu Inc Holdings (S) Pte Ltd is a wholly owned subsidiary of SPH Magazines Pte Ltd whose entire share capital is held by SPH's wholly-owned subsidiary, The Straits Times Press (1975) Limited

The transaction has no material impact on the earnings and the net tangible assets per share of SPH in the financial year ending 31 August 2005.

None of the directors of SPH has any interest, direct or indirect in this transaction.



Submitted by Ginney Lim May Ling, Group Company Secretary to SGX on 30 March 2005.


 
 
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