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Soilbuild Wins Concept-And-Fixed Price Tender by JTC Corporation to Develop Fusionopolis Phase 2B @ One-North

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Soilbuild Wins Concept-And-Fixed Price Tender by JTC Corporation to Develop Fusionopolis Phase 2B @ One-North Joint Press Release For immediate release Soilbuild Wins Concept-and-Fixed Price Tender by JTC Corporation to Develop Fusionopolis Phase 2B @ one-north • First award to a private developer at the Fusionopolis cluster • To develop a new multi-tenanted facility for the infocomms, media, science & engineering industries at one-north Singapore, 9 April 2008 – Mainboard-listed Soilbuild Group Holdings Ltd (“Soilbuild”) has won the Concept-and-Fixed Price Tender (“CPT”) called by JTC Corporation (“JTC”), to develop and lease Fusionopolis Phase 2B. The proposed development is a 16-storey multi-tenanted facility at one-north that will cater to the infocommunications, media, science and engineering research and development industries. This is Soilbuild’s fifth CPT win awarded by JTC. With a site area of 7,734 square metres (“sq m”) and a plot ratio of 6.5, the proposed Fusionopolis Phase 2B facility can be developed up to a maximum gross floor area of 50,271 sq m. It will comprise an office space white component approximating 7,200 sq m and a retail space of 300 sq m. The development cost is estimated to cost about $148 million and will take 22 months, till the second half of 2009, to complete. JTC welcomes its first public-private developer partnership within the Fusionopolis cluster. This is part of JTC’s effort to facilitate the active private sector participation in the industrial property market. “Soilbuild’s winning design for Fusionopolis Phase 2B by world-renowned architect, Dr Ken Yeang, impressed us with its uniquely green and sustainable building concept. I am sure it will contribute to the overall development of the growing Fusionopolis cluster into an iconic centre of excellence for R&D-based science, engineering and the infocomm and media industries.” said JTC Corporation’s Assistant CEO, Mr Philip Su. Page 1 of 8 Mr Low Soon Sim, Executive Director of Soilbuild said, “We are very honoured to win this major project to develop a state-of-the-art building with sustainable green features and a landmark design for the community at one-north. The development will serve to meet the needs of new businesses especially in high-tech research and development with its more affordable operating costs, as well as businesses that will be using Singapore as a springboard for expansion into Asia. It will also complement the cluster of iconic developments at one-north being developed by JTC.” Mr Low added, “With the strong take-up at one-north, we are confident that Fusionopolis Phase 2B will also attract strong interest. The award of this development ties in well with our overall strategy to grow our recurrent income stream through our business space segment. The shorter development cycle also complements the two to three years investment-to-sales cycle for our core residential property segment. With the full year contribution in 2008 from our current three completed investment properties, we are on course to meet our medium-term target of S$10 million in annual recurrent income since we began our expansion into the business space segment in 2005. In all, Soilbuild will have a current pipeline of about two million square feet of business space to meet the growing needs of specific business communities.” The CPT for Fusionopolis Phase 2B was launched by JTC in October 2007 and comes on the heels of the successful completion and sale/leasing of 100% of Soilbuild’s business space properties including Eightrium @ Changi Business Park, Kranji Linc, Senoko Food Connection and Pioneer Lot (see Annex 1). The award cements Soilbuild’s reputation in design efficiency, strengths in shortening development cycles, innovation and its track record as an integrated developer. Upon the completion and leasing of the development, the award will further propel Soilbuild’s plans to develop its recurrent income to support a progressive dividend policy. About Fusionopolis Phase 2B (See artist’s impressions in Annex 2) Fusionopolis Phase 2B will be developed to serve the needs of global MNCs in the infocommunications business seeking a regional presence from Singapore, businesses involved in media creation and distribution, as well as the research and development sector in the commercialisation of science and engineering products for the infocommunications industry. Page 2 of 8 The part 16-, part 7-storey facility, with two basements and a mezzanine, is conceived as a vibrant focal point for the one-north community through the introduction of a network of open interactive public and semi-public spaces, creative use of skylights and courtyards for natural light and ventilation, cascading landscaped garden terraces as an extension of the one-north park. It aims to inspire and meet the needs of its resident tenants in the creative industries with the provision of a wide range of intimate spaces with differing and flexible layouts. Through the spiraling terraces that envelope the development and provide soothing visual relief to the functional layouts of the business space and laboratories, it integrates with nature and the one-north community. The thoroughfare plaza is designed as spaces to encourage business and social interactivity. A unique solar shaft that cuts diagonally through the building brings in additional light and views from the ground floor to the green roof at the mid-level of the building. Soilbuild is aiming to achieve the Platinum Green Mark Standard for this green and energy efficient building through the following strategies: • Continuous spiral landscaping • Roof gardens to reduce solar heat gain • Sun shading devices to reduce direct solar heat gain • Photovoltaic film to contribute supplementary power supply thereby reducing overall energy consumption • Natural ventilation and day-lit grand atrium • Green view corridor with central courtyards • Rainwater harvesting and grey water recycling with low-water consumption devices • Waste separation and re-cycling • Low energy design and BAS systems. This new project will be funded by the Group’s internal resources, funds from the convertible bonds issue and bank/bond financing. The Group does not expect any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of Soilbuild for the current financial year ending 31 December 2008 arising from this award. Page 3 of 8 For further information, please contact: Ms Lim Cheng Hwa, Group Financial Controller, Soilbuild Group Holdings Ltd at (65) 6542 2882 or email: [email protected] Ms Geraldine Leong, Principal Consultant, Glow Consulting at (65) 6463 2043 / 9639 9305 or email: [email protected] Ms Sant Kaur, Senior Manager (Media Relations), JTC Corporation at (65) 6883 3064 / 9645 7954 or email: [email protected] About JTC Corporation JTC Corporation (JTC) is the lead agency in Singapore to plan, promote and develop a dynamic industrial landscape, in support of the nation's economic advancement. Currently, the Corporation has under its management many developments including four wafer fab parks, an advanced display park, two business parks, a chemicals hub at Jurong Island, biomedical parks in Tuas as well as logistics hubs for aerospace, chemical and general warehousing industries. JTC also plays a catalytic role in introducing leading-edge real estate solutions -- such as specialised research facilities and underground caverns -- to anchor important activities critical to the growth of the economy. It is the master developer for one-north at Buona Vista -- a 200-hectare development for research and entrepreneurial activities. With a focus on knowledge-intensive activities in the biomedical, infocomms and media industries, one-north is a niche environment for innovation and creativity. In line with its vision of making Singapore the choice investment location, JTC is committed to providing a pro-business environment for its customers and optimising land resources to meet the needs of industries and enterprises. JTC's home page address is http://www.jtc.gov.sg. 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 under the guidance of the Steering Committee chaired by Minister Lim Swee Say. 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 4 of 8 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 entrepreneurial spirit with extensive technical expertise, the Group has 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 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. Since 2005, Soilbuild has developed a wide portfolio of properties purpose-built for business use by MNCs and SMEs.
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