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ANNOUNCEMENT - VALUATION OF PROPERTY

BackJun 28, 2004
SINGAPORE PRESS HOLDINGS LIMITED

ANNOUNCEMENT - VALUATION OF PROPERTY



Date of Valuation : 24 June 2004


Name of Valuer : Knight Frank Pte Ltd


Description of Property : No. 290 Orchard Road "The Paragon", Lot 1139C Town Subdivision 27, Singapore


Registered Owner : Orchard 290 Ltd, a wholly-owned subsidiary of Singapore Press Holdings Ltd.


Open Market Valuation : S$1,200,000,000


The valuation report for the above property is available for inspection at the registered office of Singapore Press Holdings Ltd at 1000 Toa Payoh North, News Centre, Singapore 318994, during normal business hours for three months from today.

Singapore,
28 June 2004
Submitted by Ginney Lim May Ling, Group Company Secretaryon 28/06/2004to the SGX