Press Release

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SINGAPORE, 13 December 2008 - For the third time in a month, the 2008 FORMULA 1™ SingTel Singapore Grand Prix was singled out for excellence by the international motor sports community.

At the glittering Federation Internationale De L'Automobile (FIA) Gala at Monaco on Friday (12th Dec) evening, Singapore Grand Prix was presented with the Promoter of the Year Award. The award is given every year to the race promoter who has proved the most helpful in the most difficult conditions.

The FIA selected Singapore GP Pte Ltd for "its magnificent effort in organising Formula One's first ever night race".

Singapore GP's Mr Ong Beng Seng who collected the award from on behalf of the race promoter said: "On behalf of everyone on the Singapore GP team, thank you for honouring us with this very prestigious award. Staging the inaugural Singapore Grand Prix represents the hard work and industry of quite literally a cast of thousands. This Award honours every single one of them. The event would not be possible without all our partners both in the public and private sectors. In particular I would like to thank the Singapore Government, the Tourism Board and the Ministry of Trade and Industry whose support was amazing."

The FIA Promoter Trophy is one of the major Awards handed out at the FIA Gala. Others awarded were the Formula One Drivers Trophy, Formula One Constructors Trophy, World Rally Championship Drivers Trophy, World Rally Championship Manufacturers Trophy, and the TV Trophy. In an additional award presented during the FIA Gala Formula One Management (FOM) took the Television Trophy for its outstanding coverage of the Singapore night race.

Last Sunday, the 2008 FORMULA 1™ SingTel Singapore Grand Prix was presented with the Pioneering and Innovation Award at the Autosport Awards in London. On 11 November, the Marina Bay Street Circuit was named the World-wide Motor Sport Facility of the Year at the Professional Motorsport World Expo Awards 2008 at Cologne, Germany.

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.