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SBA Approves Changes to SCV Shareholding

Dated: 21 June 2001

Singapore Cable Vision (SCV) applied to the Singapore Broadcasting Authority (SBA) for approval for changes to its shareholding resulting from the proposed SCV-StarHub merger. SBA has approved the changes.

Under Section 45 of the SBA Act, no persons shall hold more than 3% of the ordinary shares issued by a broadcasting company without the prior approval of the Authority. SBA grants approval to SCV's shareholders to own more than 3% ordinary shares each.