F&N Looks at Possibility of Launching Two More REITs

In response to questions from press and analysts following the release of the Company's year-end financial results on Friday, 10 November, Dr Han Cheng Fong, Group CEO, stated that the Company was looking at the possibility of launching 2 more REITs, to hold industrial and office properties and serviced residences.

These reviews are at a preliminary stage and no timetable has been set.

Announcements will be made at the appropriate time when there are significant developments.

Submitted by Anthony Cheong Fook Seng, Company Secretary on 13 November 2006 to the SGX.