Soilbuild Breaks New Ground at Phase 2B

NEWS • Named Solaris, the landmark building is an RELEASE ecologically sustainable multi-tenanted business facility for the creative industries

25 Changi South Street 1 486059 Tel: (65) 6542 2882 Singapore, 27 June 2008 – SGX Mainboard-listed Fax: (65) 6543 1818 property developer Soilbuild Group Holdings Ltd www.soilbuild.com Co. Reg. No.: 199609233M (“Soilbuild”) marked the start of the construction at Fusionopolis Phase 2B with a groundbreaking ceremony this afternoon. The ceremony, officiated by Mr Lim Hng Kiang, Minister for Trade and Industry, signifies a new milestone for Soilbuild as the first private developer at the Fusionopolis cluster to develop a 15-storey multi- tenanted creative hub with sustainable green facilities.

Named Solaris and designated for the research and development activities in the infocommunications, media,

Above: science and engineering industries, the 7,734 square metres site at Ayer Rajah Avenue/one-north Crescent • Solaris, Soilbuild’s flagship multi- was awarded to Soilbuild by JTC Corporation (“JTC”) tenanted development under a Concept and Fixed-Price Tender just two months at one-north, is designed by world- earlier, in April 2008. SB (Solaire) Investment Pte. Ltd., a renowned architect subsidiary of Soilbuild Group Holdings Ltd, will be the Dato’ Dr Ken Yeang. single-purpose vehicle to undertake the development and • The 15-storey leasing of the landmark business park facility. sustainable building incorporates unique green features and is conceived as a vibrant “Today’s groundbreaking ceremony is another milestone focal point for the one- event for the Fusionopolis cluster. In the development of north community through its open the Fusionopolis cluster, Phase 2B exemplifies the public- spaces and cascading private sector collaboration in an industrial and business landscaped terrace gardens. park space development where JTC took the lead in laying the foundation for the cluster with the development of Fusionopolis Phase 1 and 2A.” said JTC Corporation’s Assistant CEO, Mr Philip Su.

Page 1 of 11 Solaris, which has a 30+30 year lease term, is scheduled for completion in early 2010. The estimated Gross Floor Area of 540,000 square feet will be designed to provide a wide range of differing, functional and flexible layouts for NEWS offices and research laboratories, as well as retail RELEASE operations, while the thoroughfare plaza will serve as a venue for business and social interactivity. The estimated investment for this development is about S$148 million.

For further information, please contact: Speaking at the groundbreaking ceremony, Mr Low Soon Sim, Executive Director of Soilbuild, said, Ms Lim Cheng Hwa Group Financial Controller “In May 2005, Soilbuild marked its first partnership with Soilbuild Group Holdings Ltd T +65 6542 2882 or JTC when it was awarded the S$5 million Kranji Linc lim.chenghwa@ development, a first for a private sector developer to soilbuild.com design and develop land-based facilities.” Ms Geraldine Leong Principal Consultant Glow Consulting Added Mr Low, “Today, three years later, Soilbuild has T +65 6463 2043 made major strides and has become a leading private M +65 9639 9305 glowconsulting@ sector developer of business space properties in singnet.com.sg Singapore. We have secured, to date, a total of six Ms Rosalind Soo awards under JTC’s Developer Partnership Programme Oaktree Advisers with a total development area of 3.3 million square feet M +65 9383 9791 rosalind@ and development value of more than S$500 million. With oaktreeadvisers.com this additional engine of growth, we are well-positioned to Ms Nora Cheng tap on the growing opportunities with the robust inflow of Oaktree Advisers M +65 9634 7450 business investments into Singapore.” noracheng@ oaktreeadvisers.com The ceremony was attended by close to 200 guests from government agencies, financial institutions and consultants.

Page 2 of 11 About Soilbuild Group Holdings Ltd Soilbuild is an integrated property developer with an established track record of more than 30 years, whose portfolio includes residential and business space properties.

Led by an experienced management team that blends a strong NEWS entrepreneurial spirit with extensive technical expertise, the Group has RELEASE a unique business strategy. It enhances returns and manages risks by shortening its investment-to-sales cycle. By leveraging on its strengths in design and innovation, Soilbuild maximises yields on its properties.

The Group has successfully acquired and developed a range of Visit www.soilbuild.com residential properties, mainly in prime urban districts. Projects under development include Leonie Parc View and One Tree Hill Residence, and completed properties include Pinnacle 16. Issued on behalf of Soilbuild by Since 2005, Soilbuild has developed a wide portfolio of properties Glow Consulting purpose-built for business use by MNCs and SMEs. It has worked closely with JTC Corporation under the Developer Partnership Programme and For images or to have leveraged on its expertise in ‘design, build and lease/sell’ schemes to media visits / interviews become a leading player in the business space segment. Upcoming arranged, please projects include Solaris and Tanjong Kling, and completed properties contact us at include Eightrium @ Changi Business Park and Kranji Linc. +65 9639 9305. Since 1998, Soilbuild has won five Enterprise 50 Awards and five Singapore SME 500/1000 Awards. For more information, visit www.soilbuild.com.

About one-north one-north is Singapore's icon of the knowledge economy. It serves to provide an intellectually stimulating and creative environment for entrepreneurs, scientists and researchers to congregate, interact and exchange ideas; an exceptional place where this thriving community will work, live, play and learn. With a focus on knowledge-intensive activities in the biomedical, infocomms and media industries, it is slated to be a vibrant hotspot for innovation and test bedding.

Covering almost 200 hectares, one-north will be developed in phases over a period of 15 to 20 years, integrating residential units, commercial hubs, tertiary and research institutes, sports facilities as well as green lungs. It is strategically located in the Buona Vista area (southern part of Singapore) near the National University of Singapore and Singapore Science Park and aims to be a focal point for research and development and technopreneurial activities.

one-north is developed through a multi-government agency effort whereby JTC Corporation was appointed master developer for this project in September 2000. one-north's home page address on the World Wide Web is http://www.one-north.com.

Page 3 of 11 Annex A

Key Development Information

Solaris Location : Ayer Rajah Avenue / one-north Crescent Land site : 7,734 sq m (83,248 sq ft) Plot ratio : 6.5 Gross floor area : About 540,000 sq ft Lease term : 30 years with the option to renew for another 30 years Scheduled completion : By 1H 2010 Mode of Award : Concept and Fixed-Price Tender by JTC Corporation Date of Award : April 2008 Developer : SB (Solaire) Investment Pte. Ltd., a wholly- owned subsidiary of Soilbuild Group Holdings Ltd Design Architect : Dato’ Dr Ken Yeang (T.R. Hamzah & Yeang Sdn. Bhd) Project Architect : CPG Consultants Pte Ltd. Civil & Structural Engineer : Arup Singapore Pte Ltd. Mechanical & Electrical Consultant : CPG Consultants Pte Ltd. Main Contractor : Soil-Build (Pte.) Ltd. Façade & Sustainability Consultant : Connell Wagner Pte Ltd.

Page 4 of 11 Annex B

Artist’s Impressions of Solaris Picture 1 of 5

The green building designed by world-renowned architect Dato’ Dr Ken Yeang, recognised globally as the leading authority on green architecture.

Page 5 of 11 Annex B (continued)

Artist’s Impressions of Solaris Picture 2 of 5

A solar shaft cuts through the building to bring in light and views from the ground floor to the green roof at the mid-level.

Page 6 of 11 Annex B (continued)

Artist’s Impressions of Solaris Picture 3 of 5

The vibrant hub acts as a fusion with one-north community and the surroundings with its cascading landscaped garden terraces that spiral from the ground floor to the roof garden and visually into the one-north park.

Page 7 of 11 Annex B (continued)

Artist’s Impressions of Solaris Picture 4 of 5

The naturally ventilated weather-controlled thoroughfare plaza serves as a focal point for business and social interactivity at one-north.

Page 8 of 11 Annex B (continued)

Artist’s Impressions of Solaris Picture 5 of 5

Solaris, a 15-storey multi-tenanted facility designed as an ecologically sustainable and vibrant hub for research and entrepreneurial activities.

Page 9 of 11 Annex C

Location Map of Solaris

Page 10 of 11 Annex D

Growth of Soilbuild’s Business Space Segment In 2005, Soilbuild became the first private sector developer to receive an award to design and develop land-based factories at Kranji, under JTC Corporation’s Developer Partnership Programme.

Within a short span of three years, Soilbuild built a track record of developing close to 1 million square feet of ready-built business space. Today, Soilbuild has a growing pipeline of more than 3.3 million square feet of new business space solutions purpose-built for MNCs and SMEs, firmly establishing itself as a leading business space developer.

Completed Business Space Properties (Developed Between 2005 and 2007)

Development Description Construction No. of Nett Period Units Lettable/ (months) Saleable Area (sq ft) 1. Kranji Linc Terrace factories for light 8 12 222,000 (Kranji Link) industries (Completed in January 2006) 2. Senoko Food Terrace factories for the 10 15 218,000 Connection food manufacturing industry (Completed in (Senoko October 2006) Crescent) 3. Pioneer Lot Terrace factories for general 11 33 365,700 (Benoi Road) industries (Completed in May 2007) 4. Eightrium @ Multi-tenanted 8-storey 16 21 178,000 Changi building for MNCs and (Completed in Business Park financial institutions April 2007) Total 81 983,700

Current Pipeline of Business Space Developments

Development Description Expected No. of GFA/Nett TOP Date Units Lettable Area (sq ft) 5. Tuas 2-storey detached and 2nd Half 2008 15 610,000 Connection semi-detached factories for (Tuas Loop) the engineering, and supporting industries in the oil and gas, and marine clusters 6. Penjuru 5-storey logistics and 2nd Half 2008 1 410,000 Logistics Hub warehousing development (Penjuru Lane) 7. Tuas Lot 3-storey ramp-up multiple- 1st Half 2010 122 330,000 (Pioneer user industrial development Road/Tuas for the oil and gas, light Avenue 11) engineering sectors 8. Solaris 15-storey multi-tenanted 1st Half 2010 # 540,000 (one-north) facility for the infocomms, media, science and engineering research and development industries 9. Tanjong Kling 5-storey stack-up factories 1st Half 2010 45 1,400,000 (near junction of for the marine engineering, Pioneer Road / supporting oil and gas and Tanjong Kling) petrolchemical-related industries Total 3,290,000 # Flexible design catering to single or multiple tenants per floor.

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