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SINGAPORE PRESS HOLDINGSSINGAPORE PRESS HOLDINGS

1Q FY 2008 FINANCIAL RESULTS1Q FY 2008 FINANCIAL RESULTS

14 Jan 200814 Jan 2008

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Strong operating results for 1Q FY2008

Strong print advertisement revenue growth of 10.5%

Group operating revenue posted double-digit growth of 14.7%

Operating profit surged 19.8% to $126.5m

Improved performance from Paragon and revenue contribution from Sky@ eleven

FINANCIAL HIGHLIGHTS FOR 1Q FY08

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3

(66.9)

0.2

1.3

14.7

110,537111,930Net Profit

135,149135,423Profit before Taxation

29,7059,843Investment Income

19.8105,582126,502Operating Profit #

272,043312,057Operating Revenue

%S$’ 000S$’ 000

Change1Q FY 20071Q FY 2008

Group

* Restated to take into account the retrospective adjustments relating to FRS 40 – Investment Property# Recurring earnings of the media and property business, including Sky@eleven development

Restated *

FINANCIAL HIGHLIGHTS FOR 1Q FY08 (cont’d)

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4

7.5%

5.6%

8.4%

4.3%

11.7%

-1.3%

14.3%

8.5%8.1%7.9%

3.2%

13.8%

10.2%10.7%

2.1%

6.8%

3.9%

10.2%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

1QFY07 2QFY07 3QFY07 4QFY07 FY07 1QFY08

SPH Newspaper Advertisement Revenue Y-O-Y Growth %

* Classified includes Recruitment and Notices

Display Classified* Total

Strong Performance from Display and Classified

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51Q FY2008 Circulation Copies Y1Q FY2008 Circulation Copies Y--OO--Y Growth (%)Y Growth (%)

Efforts to improve and grow our print products have yielded positive results

-0.7%

-3.5%

13.0%

0.7%

-3.5%

0.5%2.3%

-1.2%

13.5%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

ST SUT BT TNP ZB WB SM BH TM

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61Q FY2008 Staff Costs1Q FY2008 Staff Costs

Staff Costs increase(14.7%)

Annual Salary Increment

Variable Bonus Provision~ In line with continued profitability of the

newspaper business

Headcount(Nov 2007: 3,771; Nov 2006: 3,562)

~ New subsidiaries

~ Staffing for new media businesses

Higher staff costs in line with the continued profitability of newspaper business and launch of new initiatives

~ Follow NWC’s recommendation of 4-5% on average

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Newsprint prices expected to trend up Newsprint prices expected to trend up

Newsprint CostsNewsprint Costs

Average Newsprint Charge-Out Price & Monthly Consumption

606 602 587608

11,37111,15511,323

10,054

300

350

400

450

500

550

600

650

2QFY07 3QFY07 4QFY07 1QFY089,000

10,000

11,000

12,000

13,000

LHS - Prices (US$)RHS - Ave Mthly Consumption (MT)

US$ MT

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8Recurring IncomeRecurring Income## -- Media & PropertyMedia & Property

Operating margin sustained at around 35%

# Profit before investment income*Restated to take into account the retrospective adjustments relating to FRS 40 – Investment Property

0

20

40

60

80

100

120

140

1Q 04 1Q 05 1Q 06 1Q 07 1Q 0825%

27%

29%

31%

33%

35%

37%

39%

41%

43%

Profit before investment income (S$'m) Operating Margin

** ** ** **S$m

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Dec 07Dec 07

� Acquisition of Adkom’s entire stable of luxury magazines

- Publishes niche titles on exclusive subjects targeted at the high networth individuals in the region

- Strategically extended our reach to North Asia and fortified our position as a major magazine publisher in the Asia-Pacific region

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Magazines on Track to Meet Revenue Target of $100m

11““Best of Both WorldsBest of Both Worlds””

• World’s first bilingual newspaper that offers readers best of Chinese and English news contents from Jan 08

• Changes made in response to a strong market demand for a paper that caters to a new generation of bilingual Singaporeans

• Increase in daily circulation from 180,000 to 300,000 copies with revamp

Dec 07Dec 07

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12Continued Product InnovationContinued Product Innovation

• Transformation into a full-fledged breakfast paper 7 days a week, with noon sports edition twice a week from Nov 07

• Changes cater to a growing group of TNP readers, with diverse preferences

Nov 07Nov 07

• Revamped in Oct 07 to strengthen its existing readership while attracting a new generation of readers

• Contemporary design with vibrant colors and a sharper focus on home, crime and entertainment news in a reader-friendly format

• Papers sold out during joint promotion with Shin Min Daily News

Oct 07Oct 07

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13Positioning for Growth Positioning for Growth –– UpdatesUpdates

• SPH MBO launched ‘Reactrix’ (new interactive advertising media) in shopping malls

• Omy surpassed target to achieve 5 million pageviews within first month of launch

• Soft launch of online classified website, Mudah, in Malaysia in Oct 07

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14Paragon – Staying Competitive & Enhancing Yield

i ) $45m makeover to enhance retail environment and shopping experience

Reinforce Paragon’s position as a leading shopping mall for international luxury goods

ii) $37m to expand commercial space by another 29,000 sq ft – an addition of 2 floors for office and medical use

In line with rejuvenation of Orchard Road into a shopper’s paradise

• $82m facade makeover with additional commercial space

14Eye-catching, three-dimensional facade with pop-out glass boxes installed above the walkway level

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