This printed article is located at http://shsholdings.listedcompany.com/news.html

News

Reply To Query Regarding Trading Activity

This reply is in response to a query by the Singapore Exchange on 11/01/2012

REPLY TO SGX QUERIES REGARDING TRADING ACTIVITY

We refer to the queries from the Singapore Exchange Securities Trading Limited (the "SGX") regarding the substantial increase in the price and volume of our shares today.

SGX Question 1:
Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?

Reply:
The Board of Directors of the Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies, which if known, may explain the trading.

SGX Question 2:
Are you aware of any other possible explanation for the trading?

Reply:
The Board of Directors of the Company is not aware of any reasons for the increase in the share price and volume of the Company's shares on the SGX.

SGX Question 3:
Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Reply:
The Board of Directors of the Company confirms that the Company is in compliance with the listing rules, in particular, listing rule 703.

By Order of the Board,
Thomas Lim Siok Kwee
Executive Chairman and
Chief Executive Officer
Date: 11 January 2012