SGX: Another pit bows out

SGX to go fully electronic in October
Singapore Exchange Ltd (SGX) today announced that it will consolidate all trading of the
SGX Euroyen (TIBOR and LIBOR) futures and options on SGX QUEST from Monday, 2
October 2006. Accordingly, the open outcry trading facility at SGX Centre will be closed on
Friday, 29 September 2006 at the end of the business day.

We will also take this opportunity to close the open outcry pit for SGX Eurodollar futures and
options. These contracts will continue to be available via the Negotiated Large Trade facility.
The mutual offset arrangement (MOS) with the Chicago Mercantile Exchange will continue
for all MOS designated contracts, namely Eurodollar, Euroyen (TIBOR and LIBOR) and
Nikkei 225 futures contracts.
The closure of the open outcry trading facility marks the successful conclusion of the
electronic migration campaign that SGX started in November 2004. This brings to a close of
almost two years of concerted effort by SGX and our market participants to synchronise the
pace of our floor trading with the development of the electronic marketplace.

SGX CEO Hsieh Fu Hua said, “The success of our electronic migration campaign has been
made possible, in no small part, by our trading community. We thank all market participants
for their support in embracing electronic trading. This represents the way forward for us to
enhance global participation and to build a more competitive and enduring marketplace. ”

The shift from open outcry to electronic trading was undertaken in response to the changing
market dynamics. The various programmes and initiatives SGX put in place over the last two
years have ensured a smooth transition. Electronic trading volume for our derivative products
has increased over 170% from January to June 2006, as compared to the same period last
year, through increased participation of both existing and new clients.

In building SGX as an Asian Gateway, we are committed to broadening our distribution
capability globally and to facilitate trading of new and more sophisticated products on our
electronic platform.
- End -