PHILLIPCAPITAL LAUNCHES PHILLIP GEMS

24 March 2005, Singapore – PhillipCapital is pleased to announce the introduction of a new series of discretionary managed accounts offered by our newly formed Phillip GEMS department.

Phillip GEMS, spearheaded by Mr Anthony Hoe, Senior Fund Manager, is officially launching 2 accounts for both retail and corporate clients:

Phillip GEMS takes an active investment approach and aims to achieve consistent, positive returns for clients over a medium to long-term period. In addition, Phillip GEMS also caters to individual clients’ specific investment needs such as a focus on smaller companies and the healthcare sector.

Mr Anthony Hoe, Senior Fund Manager of Phillip GEMS said, “Fuelled by the twin growth engines of India and China, the outlook for Asian economies remains buoyant. Furthermore, the prices of various commodities, such as gold and iron ore, are also expected to rise further in the years ahead. Using research-based investing, Phillip GEMS will provide an excellent opportunity for investors by seeking out gems in undervalued stocks of well-managed companies with good fundamentals. We also attempt to position our clients’ portfolios to benefit from the changing trends and take full advantage of the volatility in prices.”

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About PhillipCapital
PhillipCapital is a group of companies who together offer a full range of quality and innovative financial services to retail, corporate and institutional customers.

Today, our member companies operate in the financial hubs of 10 countries, with offices in Singapore, United Kingdom, Paris, Hong Kong, Thailand, Japan, Australia, Sri Lanka, Malaysia and Indonesia. In Singapore, our members include Phillip Securities, Phillip Securities Research, Phillip Futures, Phillip Financial, Phillip Capital Management, CyberQuote, Phillip Trading, International Factors (Singapore) Ltd and ECICS Limited. We provide a comprehensive suite of financial services to individual investors as well as institutions. Our services range from cash management, insurance planning, portfolio management, mortgage loans, hedge funds, unit trusts and broking in securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

Collectively, our member companies have extensive branch networks with an employment of more than 2500 staff in Asia and Europe and our total shareholders’ funds exceed US$250 million.

* Members can otherwise be identified by their authorized use of PhillipCapital brand name along with their own name in their documentation and literature.

Issued by PhillipCapital

For more information, please contact:

PhillipCapital:

Pang Sze Mei
Assistant Manager
Corporate Communications
Tel: (65) 6531 1559
Fax: (65) 6535 6631

Jane Teo
Executive
Corporate Communications
Tel: (65) 6531 1560
Fax: (65) 6535 6631