Fortis clarifies Singh's statement

The company said Mr. Singh’s remarks has meant to state that the SIC has given Fortis until 30 July 2010 to announce whether or not the Company intends to make an offer for Parkway.

The Board of Directors of Fortis Healthcare Limited refers to the article carried in the business section of The Straits Times dated 24 June 2010 entitled “Fortis chief keeps mum on Parkway”.

In the Article, Mr Malvinder Singh, Fortis Chairman, was quoted as having said, "At this point in time, I cannot say anything beyond just saying that we have our options open. We are evaluating every option, and SIC has given us till July 30 to do whatever we like to do."

The article appeared to report Mr Singh's remarks as his response to a question on the intended use of funds which Fortis had recently won board approval to raise, according to a Fortis announcement submitted on behalf of Parkway.

Fortis wishes to put the quote by Mr Singh into context saying Mr Singh’s remarks were made in relation to questions raised about the company’s response to the voluntary conditional cash partial offer by Khazanah Nasional Berhad, through its wholly-owned subsidiary Integrated Healthcare Holdings Limited, to acquire 313,000,000 shares in Parkway Holdings Limited.

In a statement released Saturday, Fortis said Mr Singh had meant to state that the Securities Industry Council (SIC) has given Fortis until 30 July 2010 to announce whether or not the Company intends to make an offer for Parkway. It is to be noted that under the SIC's Public Statement on Parkway dated 16 June 2010, the company has been required by the SIC to "announce by 30 July 2010 whether or not it will be making a general offer for Parkway, unless circumstances arise as to make an earlier or later date for such announcement more appropriate."

The Directors also said they are taking full responsibility for the recently released statement.

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