See Hup Seng

SHS Holdings Ltd

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Mas Press Release - Yap Sew

BackSep 01, 2008
The Board of Directors of See Hup Seng Limited ("the Company") wishes to refer to the press release today on the Monetary Authority of Singapore's ("MAS") website pertaining to the civil penalty enforcement action for insider trading imposed on Mr Yap Sew, Chief Executive Officer of the Company (see attached), for incidence occurred in 2006 before Mr Yap Sew joined the Company.

The Board of Directors, having received a written notification of this matter from Mr Yap Sew earlier today, will convene a meeting to discuss the matter and will make the appropriate announcement after its deliberation.


By Order of the Board

Thomas Lim Siok Kwee
Non-Executive Chairman
1 September 2008

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