SINGAPORE PRESS HOLDINGS LIMITEDSINGAPORE PRESS HOLDINGS LIMITED

1Q FY2009 FINANCIAL RESULTS1Q FY2009 FINANCIAL RESULTS12 January 200912 January 2009

1Q FY 2009S$’ 000

1Q FY 2008S$’ 000

Change

Operating Revenue 340,212 312,057

Operating Profit # 127,825 126,502

Investment (Loss)/Income

(33,674) 9,843 NM

Net Profit 73,007 111,930

Group FY08 Financial Highlights

2

9.0%9.0%

1.0%1.0%

- 34.8%- 34.8%

# Recurring earnings of the media and property business, including profits from Sky@eleven development

NM: Not meaningful

Group FY08 Financial Highlights

3

Group Operating Revenue

9.0% growth to S$340.2m

• Print advertisement revenue declined by 7.3% led by the fall in recruitment advertisements

• Property segment rose by 86.3%� Sky@eleven and Paragon contributed S$34.6m and

S$2.7m respectively to the increase

Recurring Earnings 1.0% higher than corresponding quarter last year

Net Profit Down 34.8% mainly due to net loss in fair value of investments from externally-managed funds following the global financial market meltdown

Investment Income

4

Net loss of S$33.7m

on investments

Mainly from the S$31.6m loss in

value of the Group’s externally-

managed funds following the global

financial market meltdown during

the quarter.

Increase in headcount and annual salary increment offset by lower variable bonus provision

Cost Management - Staff

5

Staff costs decreased 2.1%Staff costs decreased 2.1%

“We have slowed down our hiring, instituted a pay freeze for all seniormanagement staff, tightened our operations and strengthened our financial resources.” – Dr. Tony Tan Keng Yam, Chairman

Cost Management - Newsprint

6

Average Newsprint Charge-Out Price

& Monthly Consumption

575

656

772

588

10,592

11,355

11,825

10,962

300

350

400

450

500

550

600

650

700

750

800

2QFY08 3QFY08 4QFY08 1QFY09

9,000

10,000

11,000

12,000

13,000

14,000

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

Despite sliding newsprint prices, charge-out remains high.

We continue to buy forward for our newsprint needs.

Operating Expenses

7

Operating expenses increased by S$9.5m (+23%)

In tandem with the expansion of our business activities

Recurring Earnings# and Operating Margin

8

# Profit before Investment Income* Restated to take into account the retrospective adjustments relating to FRS40 – Investment Property

Operating Margin above 35%

0

20

40

60

80

100

120

140

1Q FY05* 1Q FY06* 1Q FY07* 1Q FY08 1Q FY09

25%

27%

29%

31%

33%

35%

37%

39%

41%

43%

Profit before investment income (S$'m) Operating Margin Operating Margin excluding Sky@eleven

Newspaper Advertising Revenue Y-O-Y Growth %

9

-17% decline in Classified revenue mainly due to fall in Recruitment ads

* Classified includes Recruitment and Notices

8.5%8.4%

3.6%

6.9%

-4.0%

6.0%5.1%

14.6%

-6.8%

-17.0%

1.7%

4.2%

-9.3%

10.9%

6.5%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

2QFY08 3QFY08 4QFY08 FY08 1QFY09

Display Classif ied* Total

-1.0% -0.7%

3.9%

-7.8%

-1.4%

-16.1%

11.7%

-1.7%

7.6%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

ST SUT BT TNP ZB WB SM BH TM

Circulation Copies Y-O-Y Growth %

10

2% fall in 1Q’s circulation volume

� Total revenue recognised to-date : S$260.1m

o 4Q FY07 : S$71.3m

o 1Q FY08 : S$16.1m

o 2Q FY08 : S$24.2m

o 3Q FY08 : S$38.1m

o 4Q FY08 : S$59.7m

o 1Q FY09 : S$50.7m

� Step-up in revenue recognition for FY2009

Property – Sky@eleven

11

Project on track for grant of Temporary Occupation Permit (TOP) in 2010

Revenue contribution of S$50.7m

Property - Paragon

12

Near 100%

occupancy

Won “Outstanding Efforts in Advertising & Promotions”& “Outstanding Efforts in Mall Maintenance” 2008

for Shopping Centre Scorecard

S$82m facade enhancement adding40,600 sq ft space

Revenue increased by S$2.7m

Launch of English newspaper – tabla!

13

To tap on the growing interest in India and the rising number of Indian

expatriates working and living in Singapore

A compelling platform for advertisers to engage the Indian Community

Acquisition of Shareinvestor.com

14

• One of the largest investor relations network in Asia

• Provides market data tools and financial applications

• Enhances SPH’s online offering to investors, advertisers and readers

• Enjoys synergies with editorial strength in print

Completed acquisition of Shareinvestors.com with a total consideration between S$12m to S$18m

Sphere Exhibits’ Inaugural Show

15

The Food Safari and Home Electronics Fair was attended by more than 250,000 people over 3 days in Nov 2008

25% stake in OpenNet

16

OpenNet secured the bid to build Singapore’s

Next Generation National Broadband Network (NBN)

• Expected equity investment of up to S$40m

• Boosts Singapore’s competitiveness and attractiveness as a global business and infocomm hub through faster and better broadband access

OpenNet

THANK YOU