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Singapore, 4 August 2000 ^_ The UOB Blue Chip Index is a 30-stock, unweighted index whose component stocks are chosen primarily on the basis of market capitalisation and trading volume.

Following a review of market capitalisation, trading activity and free float of the component stocks, five stocks will be replaced with effect from Monday, 7 August 2000. They are Times Publishing, Cerebos Pacific, Straits Trading, Shangri-la Hotel and Inchcape Motors.

These counters will be replaced with the following stocks: Creative Technology, Chartered Semiconductor Manufacturing, ST Assembly Test Services, Raffles Holdings and Pacific Century Regional Developments. These stocks rank among the top 50 Singapore companies by market capitalisation as at 30 June 2000 and are relatively actively traded.

The total market capitalisation of the new component stocks as a percentage of the SGX Main Board's total market capitalisation was about 50.1% compared with 41.7% for the existing component stocks as at 30 June 2000. The average daily trading volume (in units) of the new component stocks as a percentage of average daily trading volume on the Main Board in the first half of this year was 21.4% as against 18.6% for the existing component stocks.

(with effect from 7 August 2000)

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