Press Release


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Corporate Hospitality Packages for the 2008 FORMULA 1™ SingTel Singapore Grand Prix Sold Out in Many Key Locations.

Singapore, 21 January 2008 - Sales for phase one of the corporate hospitality packages for the 2008 FORMULA 1™ SingTel Singapore Grand Prix have been extremely strong since launch on 28 November. All the Sky Suites at the Pit Grandstand, Pit Exit and Turns 1 and 2 have completely sold out in addition to the Club Suites at the Pit Entry. Over 70% of the total hospitality suites for the 2008 inaugural race have now been sold.

The take up rate has been very strong with over 9300 places sold. 126 suites, accommodating 50 guests each, as well the initial release of 3000 tickets for the Paddock Club has been snapped up by the teams and major corporations eager to entertain their valued clients at one of the most anticipated races in the FORMULA 1™ calendar. The corporations cover a wide spectrum of sectors, including banking, finance, legal, lifestyle, maritime and construction.

Final preparations are underway to launch the public sale of the 65,000 grandstand and general admission tickets. The release date will be announced shortly. A three-day pass for grandstand seating is expected to start from approximately S$275. These passes will include a separate ticket for each race day at a special package price with significant savings over buying individual day tickets. A three-day pass can be used by three different people over the three days, however, tickets will not be interchangeable on the same day.

OmniTicket Network, a leading provider of admission and venue management systems have been appointed by Singapore GP as the exclusive ticket distributor for the 2008 FORMULA 1™ Singapore Grand Prix. For more details, visit www.singaporegp.sg.

All interested companies should approach Singapore GP Pte Ltd directly to purchase corporate hospitality packages. No third-party has been appointed to sell corporate hospitality packages - only Singapore GP has the rights to offer official packages within the circuit park and reserves the right to deny entry to any unauthorised ticket holders. To purchase the packages, please call the Corporate Sales Department at +65 6731 5900 or email your contact details to hospitality@singaporegp.sg.

About 2008 FORMULA 1™ SingTel Singapore Grand Prix

The inaugural 2008 FORMULA 1™ SingTel Singapore Grand Prix took place on 28 September 2008 on a street circuit of public roads around the Marina Bay area. The race was the first Formula One™ to be held at night, and the first Formula One™ street race in Asia. Over 100,000 spectators, a sell-out, capacity crowd, watched the Singapore Grand Prix trackside. Over 30 million TV viewers in the five main European markets of France, Germany, Italy, Spain and the UK, are estimated to have watched the live coverage of the race.

About Singapore GP Pte Ltd

Singapore GP Pte Ltd is the race promoter for the FORMULA 1™ SingTel Singapore Grand Prix. It holds five-year renewable rights to stage the Singapore Grand Prix, beginning with the 2008 Season. The company is a partnership between Komoco Motors Pte Ltd and regional events company Lushington Entertainments, via its parent company Reef Enterprises.