Press Release

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SINGAPORE, 1 Sept 2009 - Singapore GP Pte Ltd announced today that extra grandstand seats will be added to the previously announced 82,000 per day inventory (grandstands, walkabout and corporate) on account of strong sales over the past few weeks.

Of the available grandstand and walkabout capacity for the 2009 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX, more than 80% has been sold to date. Of these, 94% of the tickets sold are three-day tickets. As of today, 81% of the Pit Grandstand has been taken up, while 83% and 86% of the Bay and Esplanade Waterfront Grandstands, respectively, are sold. Both Sunday and Saturday Single-day walkabout tickets are completely sold out with the three-day walkabout ticket expected to be completely taken up by mid next week.

"The increased momentum in sales as the race dates approach is something that we expected might happen as other FORMULA ONE circuits traditionally experience the same buying pattern. Whilst we never thought we would eclipse the remarkable attendance of our inaugural race we are delighted with such positive sales and we still have a little under a month to the race" said Mr Michael Roche, Executive Director for Singapore GP (SGP).

Industry observers point out that established circuits often experience a decline in attendance ranging from 20%-30% between the inaugural race and second year.

"We did factor in this phenomenon when budgeting for this year's race. It was one of the main drivers for ensuring the entertainment options from Backstreet Boys to Travis were considerably beefed up from last year. It is clear that the renewed interest in the championship and the strong entertainment line-up both around the circuit and in Singapore as a whole is a strong draw. All said, it does look like we are on track to exceed our expectations," added Mr Roche.

Nearly 1,000 seats will be added to the Pit Grandstand as well as the Turn 3 Grandstand, thus bumping up the overall number of tickets on offer to around 83,000. With slightly under four weeks to go before the race, SGP is not discounting the idea of adding in more seats, as they did in 2008 as seating within the Marina Bay Street Circuit is built to order.

For corporate hospitality, 83% of the available corporate inventory has been taken up in the Club, Sky and Green Room Suites as well as the Formula One Paddock Club™.

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 and regional events company Lushington Entertainments, via its parent company Reef Enterprises.