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1 General Announcement::Acquisition of Shares in CoSine Holdings Pte Ltd Page 1 of 1 03/11/2014 General Announcement::Acquisition of Shares in CoSine Holdings Pte Ltd Issuer & Securities Issuer/ Manager Securities Stapled Security SINGAPORE PRESS HOLDINGS LIMITED SINGAPORE PRESS HLDGS LTD - SG1P T39 No Announcement Details Announcement Title General Announcement Date & Time of Broadcast 03-Nov :54:16 Status Announcement Sub Title Announcement Reference Submitted By (Co./ Ind. Name) Designation Description (Please provide a detailed description of the event in the box below) Attachments New Acquisition of Shares in CoSine Holdings Pte Ltd SG141103OTHRIPKC Ginney Lim May Ling Group Company Secretary The Announcement and Media Release are attached. SGXAnnouncementCoSine pdf SPH Media ReleaseCoSine pdf Total size =68K Like 0 Tweet 0 0

2 SINGAPORE PRESS HOLDINGS LIMITED (Registration No E) Incorporated in the Republic of Singapore ACQUISITION OF SHARES IN COSINE HOLDINGS PTE. LTD. Pursuant to Rule 704(17)(c) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Singapore Press Holdings Limited ( SPHL ) wishes to announce that its wholly-owned subsidiary, SPH Interactive Pte. Ltd. (the Company ), had on 31 October 2014 entered into a share purchase agreement (the Agreement ) with Baker Samuel Cranage, Lee Chuen Yang (together, the Founders ) and several other individual minority shareholders (together with the Founders, the Vendors ). Pursuant to the Agreement, the Company purchased from the Vendors an aggregate of 620,312 ordinary shares in the capital of CoSine Holdings Pte. Ltd. ( CoSine ), which represents 60% of the issued share capital of CoSine, for a purchase consideration of S$30 million. CoSine holds 100% of the shares of each of StreetSine Singapore Pte. Ltd. and StreetSine Hong Kong Limited (together with CoSine, the CoSine Group ). The CoSine Group provides real-time, proprietary information and advanced analytics on the real estate sector in Singapore and Hong Kong. Among other services, the Cosine Group manages and operates the Singapore Real Estate Exchange (SRX) and Hong Kong Real Estate Exchange (HRX), which are digital platforms providing computer generated property pricing based on comparable market analysis, listing services, lead generation and integrated applications for property-related professions. Following completion of the Agreement on 31 October 2014, the Company holds 60% of the issued share capital of CoSine, and the balance 40% is held by the Founders in equal proportions of 20% each. The purchase consideration of S$30 million was arrived at following arm s length negotiations on a willing-buyer, willing-seller basis and taking into account various factors such as the intellectual property rights, goodwill and business prospects of the CoSine Group. The consideration was paid wholly in cash. On completion under the Agreement, SPHL and the Founders entered into a put and call option agreement, pursuant to which SPHL has the right to require the Founders to sell to SPHL their balance 40% of the shares in CoSine (the Option Shares ), and the Founders have the right to require SPHL to purchase from the Founders the Option Shares, on the terms and subject to the conditions of the put and call option agreement. SPHL has the right to nominate the Company to be the registered holder of the Option Shares. The transaction is not expected to have a material effect on the net tangible assets or earnings per share of the SPH Group for the financial year ending 31 August None of the Directors of SPHL or the Company has any interests, direct or indirect, in the above transaction. Submitted by: Ginney Lim May Ling Group Company Secretary 3 November 2014

3 For Immediate Release Media Release Singapore Press Holdings Announces 60% Equity Stake in StreetSine Technology Group The integration of StreetSine with STProperty makes for a singular digital platform that offers consumers and real estate professionals best-in-class property applications, information and services, bringing peace-of-mind to the buying, selling, and renting experience. SINGAPORE, 3 November 2014 /PRNewswire/ --- Singapore Press Holdings Ltd. (SPH) (SGX: T39) today announced that its wholly-owned subsidiary, SPH Interactive Pte. Ltd., has acquired a 60% equity stake in privately-held CoSine Holdings Pte. Ltd. Cosine is the holding company for the StreetSine Technology Group, which consists of StreetSine Singapore Pte. Ltd., StreetSine Hong Kong Ltd., and the digital platforms Singapore Real Estate Exchange (SRX TM ) and Hong Kong Real Estate Exchange (HRX TM ). The purchase consideration of S$30 million for the 60% stake was arrived at on a willing-buyer, willing-seller basis and was paid in cash. StreetSine Singapore will integrate SRX and STProperty onto one digital platform that will offer consumers and real estate professionals end-to-end real-time information, property applications and other services for efficiently transacting real estate in Singapore. STProperty will retain its brand but will be completely integrated with SRX, HRX, srx.com.sg, and professional mobile applications including Agent Connect TM, New Project Marketing TM, and SRX Analyzer TM. Co-founders Sam Baker and Jeremy Lee will maintain a combined stake of 40% in StreetSine and will continue to run the company as Chief Executive Officer and Chief Technology Officer, respectively. Mr Leslie Fong, Senior Executive Vice President of SPH's Marketing Division, said:"streetsine has set the standards for providing users with real-time pricing information and easy computation like X-Value TM, the market s standard for computergenerated real-time property appraisals. STProperty has all the up-to-date and reliable listings any consumer could possibly want. By combining SRX and STProperty, we offer consumers and real estate professionals a one-stop shop for all the information they will need for all property-related transactions. That's win-win-win." Expected benefits of the deal include:

4 Greater Access to Real Estate Information. By integrating with SPH and STProperty, StreetSine expects to provide the real estate market with greater access to real-time property data and information. This information, including proprietary price indices, real-time price data, and trend analysis, will empower consumers, real estate agents, property developers, appraisers, credit analysts, researchers, government policy analysts and other property professionals to make more informed decisions about the market and individual property transactions. Broader Listing Distribution. The integration of StreetSine with STProperty and various SPH digital and print offerings will create the most far-reaching, digital property listing platform in Singapore. This will bring economies-of-scale to consumers and their agents, estate agencies, developers and other propertyrelated vendors. Enhanced Value and ROI for Advertisers. This deal will allow StreetSine and SPH to offer shared services and marketing platforms for advertisers that enhance agent productivity, marketing of property-related services, and deliver greater return on investment to advertisers. Technology Innovation for SPH Digital. StreetSine brings independent and advanced software engineering capabilities to SPH. Synergies. Integrating STProperty with StreetSine would allow operational synergies between the 2 businesses to be reaped. CIMB Bank Berhad, Singapore Branch, was the financial advisor to SPH in relation to this acquisition. Issued by Singapore Press Holdings Limited Co. Regn. No E For media enquiries, please contact: Chin Soo Fang (Ms) Head Corporate Communications & CSR Singapore Press Holdings Limited DID: soofang@sph.com.sg Deror Wong (Mr) Senior Executive Corporate Communications & CSR Singapore Press Holdings Ltd DID: HP: derorw@sph.com.sg

5 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. Newspapers, Magazines and Book Publishing SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across four languages. On an average day, 2.8 million individuals or 69 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese. Internet and Mobile Beyond print, SPH's suite of digital products includes online editions of newspapers and magazines, as well as mobile applications. Our online products enjoy 360 million page views with 23 million unique browsers every month. Apart from AsiaOne, SPH s online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, omy.sg and SPH Razor. Besides print, SPH newspapers are also available on online, smartphone and tablet platforms. Broadcasting In the radio business, SPH Radio Pte Ltd operates entertainment stations UFM in Mandarin, as well as Kiss92 and HOT FM91.3 in English. 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. Events and Out-of-Home Advertising SPH s events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-ofhome (OOH) advertising through its digital out-of-home platform SPHMBO. Properties SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT is managed by SPH REIT Management Pte. Ltd., which is a whollyowned subsidiary of Singapore Press Holdings Limited. The initial portfolio of SPH REIT comprises the following two high quality and well located commercial properties in Singapore: Paragon, a premier upscale retail mall and medical suite/office property, well known for its upscale mall housing many luxury brands, located in the heart of Orchard Road; and The Clementi Mall, a mid-market suburban mall located in the centre of Clementi town, an established residential estate in the west of Singapore. The Seletar Mall is SPH's latest retail development and is expected to open at the end of 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. For more information, please visit

6 About StreetSine Technology Group StreetSine Technology Group is an innovative software company that integrates big data sets with mobile workflow applications to help real estate-related organizations and professionals employ real-time, relevant, proprietary information in the marketing of their products and services. Among other services, StreetSine manages and operates the Singapore Real Estate Exchange (SRX TM ) and Hong Kong Real Estate Exchange (HRX TM ). Each exchange is a digital platform that provides the property market with computer-generated pricing (i.e., X-Value TM and Home Report TM ), listing services, lead generation, and integrated applications for property-related professionals (i.e., agents, bankers, and lawyers) to provide their services to buyers, sellers, landlords, and tenants. Please visit our corporate website, streetsine.com.