Change - Announcement of Cessation::Resignation as Director and Chief Executive O... Page 1 of 2

Change - Announcement of Cessation::Resignation as Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager PRESS HOLDINGS LIMITED

Securities SINGAPORE PRESS HLDGS LTD - SG1P66918738 - T39

Stapled Security No

Announcement Details

Announcement Title Change - Announcement of Cessation

Date & Time of Broadcast 26-May-2017 17:22:51

Status New

Announcement Sub Title Resignation as Director and Chief Executive Officer

Announcement Reference SG170526OTHR4RLB

Submitted By (Co./ Ind. Name) Ginney Lim May Ling

Designation Group Company Secretary

Description (Please provide a detailed Cessation of appointment as Director and Chief Executive Officer. description of the event in the box below)

Additional Details

Name Of Person Chan Heng Loon Alan

Age 64

Is effective date of cessation known? Yes

If yes, please provide the date 01/09/2017

Having served in the Company for 15 years, Mr Chan has decided to Detailed Reason (s) for cessation step down as a Director and Chief Executive Officer, to allow for the renewal of the Board and the management team.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including No matters which would have a material impact on the group or its financial reporting?

Is there any matter in relation to the cessation that needs to be brought to the No attention of the shareholders of the listed issuer?

Any other relevant information to be provided to shareholders of the listed No issuer?

Date of Appointment to current position 01/07/2002

Does the AC have a minimum of 3 members Yes (taking into account this cessation)?

Number of Independent Directors currently resident in Singapore (taking into account 9 this cessation)

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist 2 Rule 704 (6) over the past 12 months

Job Title (e.g. Lead ID, AC Chairman, AC 1) Director and Chief Executive Officer, SPH Member etc.) 2) Member of SPH Executive Committee

Chief Executive Officer Role and responsibilities Member, Executive Committee

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce... 26/05/2017 Change - Announcement of Cessation::Resignation as Director and Chief Executive O... Page 2 of 2

Familial relationship with any director and/ Nil or substantial shareholder of the listed issuer or of any of its principal subsidiaries

Shareholding interest in the listed issuer Yes and its subsidiaries?

1) Ltd - 12 management shares - 1,370,350 ordinary shares 2) SPH Reit Shareholding Details - 200,000 units (deemed) 3)Singapore News & Publications Ltd - 1 management share 4) Press (1975) Ltd - 1 management share

1.Times Properties Private Limited 2.SPH Retail Property Management Services Pte Ltd 3.OpenNet Pte Ld Past (for the last 5 years) 4.Singapore Power Ltd 5.SP PowerAssets Limited 6.PowerGas Limited 7.GMM Times Company Limited

1. Singapore Press Holdings Ltd 2. Lianhe Investments Pte Ltd 3. Orchard 290 Ltd 4. The Straits Times Press (1975) Ltd 5. Singapore News & Publications Ltd 6. Singapore Newspaper Services Pte Ltd 7. Singapore Press Holdings Foundation Limited 8. SPH Magazines Pte Ltd 9. TP Ventures Pte Ltd 10. Blu Inc Holdings Malaysia Sdn Bhd 11. Blu Inc Media Sdn Bhd 12. Magazines World Sdn Bhd Present 13. SPH Reit Management Pte Ltd 14. Pavilion Energy Pte Ltd 15. Pavilion Gas Pte Ltd 16. Singapore-China Foundation Ltd 17. Public Service Commission [Member] 18. Singapore Symphony Orchestra Council [Member] 19. Centre for Liveable Cities Distinguished Advisors Panel [Member] 20. Land Transport Authority [Chairman] 21. TV Holding Pte Ltd 22. MediaCorp Press Ltd 23. Lan Ting Holdings Pte Ltd 24. Trailblazer-LHL Fund Sponsorship Committee

Attachments Media Release SPH appoints new executive director and CEO designate 26.5.2017.pdf Total size =90K

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce... 26/05/2017

Media Release

SPH APPOINTS NEW EXECUTIVE DIRECTOR AND CEO DESIGNATE Singapore, 26 May 2017 – Singapore Press Holdings Limited (SPH) announced today that it will be appointing Mr as Executive Director with effect from 1 July 2017. Mr Ng is currently an independent director of SPH and chairs the Board Risk Committee and is a member of the Executive Committee and the Remuneration Committee.

After serving 15 years in SPH, Chief Executive Officer of SPH, Mr Alan Chan Heng Loon, 64, will be retiring with effect from 1 September 2017. He will also step down as a Director of SPH. The Board has decided to appoint Mr Ng to replace Mr Chan as Chief Executive Officer on the same day.

Mr Patrick Daniel, 63, will also retire and step down as Deputy Chief Executive Officer from 1 September 2017. He will continue as a part-time Consultant and assist Mr Ng in managing some SPH subsidiaries and projects. Mr Anthony Tan, 44, will remain as Deputy Chief Executive Officer in SPH, taking charge of both the English, Malay and Tamil Media Group and the Chinese Media Group, amongst other responsibilities.

Mr Andrew Lim, an independent director of SPH will replace Mr Ng as the Chairman of the Board Risk Committee with effect from 1 July 2017.

Mr Chan joined SPH as Group President and Director on 1 July 2002 and became Chief Executive Officer on 1 January 2003. Prior to joining SPH, he was Permanent Secretary of the Ministry of Transport. Mr Chan was previously Permanent Secretary, Ministry of Communications and Info Technology (1999-2001), Deputy Secretary, Ministry of Foreign Affairs (1997-1999) and Principal Private Secretary to Senior Minister (1994- 1997).

Mr Ng, 55, was Special Advisor of Neptune Orient Lines Ltd (NOL) from 9 June 2016 to 26 May 2017. Prior to that, he was NOL’s Group President & CEO from 1 October 2011 and its Executive Director & CEO Designate from 1 May 2011 to 30 September 2011.

He also held several assignments with Temasek Holdings between 2007 and 2011, after holding various positions with the Singapore Armed Forces, including as the Chief of Defence Force from July 2003 to April 2007.

Dr , Chairman of the SPH Board, said: “Alan has served SPH with great distinction in the last 15 years. Under his leadership, SPH expanded its core media business to multiple platforms across print, digital, radio and outdoor and from a handful of magazine titles to more than 100 titles today. From just a media company, SPH now has a portfolio of retail and commercial properties and had established a real estate investment trust about four years ago, runs an exhibitions and events business in Singapore and the region, and has entered the healthcare industry. We have to credit all these milestone achievements to Alan’s stewardship.

“On behalf of the Board of Directors, Management and staff of SPH, I would like to extend my deepest appreciation for his invaluable contributions to the Group and wish him all the best in his future endeavours.

“I would also like to thank Patrick for his 30 years of service to SPH. He has served with distinction in many different positions over the years. We are most grateful to Patrick for his readiness to continue supporting the Group by accepting the appointment of Consultant and to steer several of our JVs and subsidiaries.

”I am confident that Yat Chung will provide far-sighted and effective leadership for SPH. He will work closely with Deputy CEO Anthony Tan and the Group Management Team to tap new ideas and initiatives to steer SPH to greater heights.”

Mr Ng said: “I am pleased to join SPH as Executive Director and CEO Designate. The media landscape is rapidly evolving with technological convergence in the digital age. There are vast opportunities that can be reaped despite these challenges facing us. As a Board member, I have been involved in deliberations on SPH’s growth plans and strategies, including its entry into the healthcare and private nursing home sector with its acquisition of Orange Valley. I look forward to working with the Board and the Company to bring SPH to the new phase of growth.”

Mr Chan said: “I am grateful to the Chairman and Board Directors, both past and present, for their unstinting support of my efforts to restructure the media business and expand into new businesses. I am indebted to my colleagues for their commitment in rallying with me to create value for the Company. Without them, I would not have accomplished as much. After having spent 15 years with the Company, it is time for me to hand over the mantle to younger executives to lead the Company. I have worked with Yat Chung in the past and have known him for many years. I find him eminently suitable to replace me and have full confidence that both Yat Chung and Anthony will do an excellent job in propelling SPH forward.”

Issued by Singapore Press Holdings Ltd Co. Regn. No. 198402868E

For more information, please contact:

Chin Soo Fang Head Corporate Communications & CSR Singapore Press Holdings DID: 6319 1216 E-mail: [email protected]

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Media The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, , Berita Harian and their respective student publications. It also includes subsidiaries Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the in partnership with the and FTSE-Russell Ltd; financial data company ShareInvestor; the two English stations of SPH Radio - Kiss92 and ONE FM 91.3 and SPH Golf (including SPH Pacom Ltd).

The Chinese Media group publishes three Chinese newspapers in print and digital format - , and ; four student weeklies - zbCOMMA, , Thumbs Up Junior and Thumbs Up Little Junior, and ZBBZ Newsgazine. It also operates SPH Radio's Chinese radio station, UFM100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly.

SPH's other new media initiatives include , Stomp, zaobao.sg, zaobao.com and SPH Razor.

On an average day, 2.5 million* individuals or 59 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of our digital platforms. (* Nielsen Media Index 2016, Monday-Sunday, read any SPH newspapers in print or digital format)

SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com, herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.

SPH also provides out-of-home (OOH) advertising options where it manages large format digital screens and static billboards at key locations in the Central Business District, , City Fringe as well as major heartland hubs.

SPH Buzz is a modern retail convenience chain with a network of stores around the island.

SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

Properties SPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The , a mid-market suburban mall in the centre of Clementi town.

The , located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.

Other Businesses

Online Classifieds SPH’s online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.

SPH's regional joint venture online classifieds business has a number of leading online classifieds sites in the region.

Events and Exhibitions Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.

Healthcare SPH owns Orange Valley which operates nursing homes.

Education SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.

For more information, please visit www.sph.com.sg