Press Release

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SINGAPORE, 8 December 2008 - For the second time in a month, the 2008 FORMULA 1™ SingTel Singapore Grand Prix and the Marina Bay circuit are recipients of a major international award. Representatives from the Grand Prix were presented with the Autosport Pioneering and Innovation Award at the Autosport Awards at gala event in London (Sunday 7 Dec) attended by some of the most influential personalities in motor sport, including F1 world champion Lewis Hamilton.

The FORMULA 1™ SingTel Singapore Grand Prix venue was commended both for the revolutionary track lighting and the spectacular way in which it wove the track through the heart of the city.

Colin Syn of Singapore GP received the award from McLaren driver Heikki Kovalainen on behalf of the race.

Said Autosport of the Pioneering and Innovation Award; "It wasn't just the sight of floodlit racing that went down well. The Marina Bay street circuit itself also received plenty of deserved praise. Comparisons with Monaco were fully justified, as the track blended beautifully into the cityscape and made excellent use of landmarks such as the historic Anderson Bridge."

"The 2008 FORMULA 1™ SingTel Singapore Grand Prix was very much a team effort and the real winner tonight was Singapore. We were delighted and honoured to collect the award on behalf of all our partners and supporters, both from the public and private sectors, whose invaluable contribution ensured the event was a resounding success," said Colin Syn, Deputy Chairman of Singapore GP Pte Ltd.

"It is gratifying to see Singapore's leadership in pioneering world class technical solutions being rewarded and recognised. To be selected by such an informed community of racing enthusiasts makes this award particularly meaningful."

The Autosport Awards are presented by Autosport Magazine, the world's most widely read motor sports weekly. The awards ceremony at the Grosvenor House Hotel in Central London was attended by over 1,000 people and is regarded as one of the most highly respected on the motor sport calendar.

About the FORMULA 1™ SingTel Singapore Grand Prix

The inaugural 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, and more than 110 million television viewers worldwide watched the Singapore Grand Prix. The 2009 FORMULA 1™ SingTel Singapore Grand Prix will take place from 25-27 September 2009 at the Marina Bay Street Circuit in the heart of downtown Singapore.

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.