PRESS RELEASE

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PARKWAY NOVENA MEDICAL SUITES SEE STRONG DEMAND

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SINGAPORE, 26 March 2010

Limited’s (Parkway’s) upcoming hospital and specialist centre at Novena, officially named

Parkway Novena Hospital and Parkway Novena Specialist Centre, has seen strong interest

from the medical community; in just two weeks, all the suites available for booking in Phase

One have been taken up. The 100 suites available for booking in Phase One of the launch

of the medical suites ranged between 452 square feet and 1,431 square feet and were

priced between S$3,588 per square foot and S$3,828 per square foot (prices excluding

GST).

When completed, Parkway Novena Hospital will be a premier 333-bed hospital, offering

luxury and comfort to patients, as well as access to the latest medical technologies. The

hospital and specialist centre will house a total of 259 medical suites, catering primarily to

specialists in the fields of neurology, heart and vascular medicine, orthopaedics and

general surgery, as well as to those in other clinical disciplines and medical services.Units available in Phase One fully booked up– The soft launch of the medical suites at Parkway Holdings

Dr Tan See Leng, Chief Executive Officer (Designate) of Parkway,

take-up of all the medical suites available during Phase One of our launch is a reflection of

the demand for premium-quality physician suites in Singapore. We are pulling out all the

stops to ensure that Parkway Novena Hospital will be a pinnacle of healthcare and raise the

benchmark for quality medical care in Singapore and the region. The doctors located at

Parkway Novena Hospital and Parkway Novena Specialist Centre will have access to the

latest medical equipment and technology that we are putting in place at the hospital. We

have also focused on ensuring that our patients’ needs will be taken care of, not only in

terms of the quality of the care provided by our nurses and the facilities, but also withsaid, “The quick

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regard to the ease of movement between the hospital and the specialist centre. We expect

Parkway Novena to play an important role in increasing the attractiveness of Singapore as

a destination for top quality medical care.”

Parkway has commenced the tender process for the construction of the hospital and

expects to award the tender before the end of next month.

Appointment of CEO for Parkway Novena Hospital

Parkway has announced that Dr Lee Hong Huei, 39, will be the Chief Executive Officer

Designate of Parkway Novena Hospital. Dr Lee has been with Parkway for more than 10

years and is instrumental in developing the operations and service quality framework for the

newest hospital in the Parkway portfolio.

Dr Lee has helmed several Chief Executive portfolios of strategic business units in the

Parkway group, such as the Primary Care Network and Gleneagles Hospital. He was most

recently Chief Executive Officer of Mount Elizabeth Hospital. Prior to joining Parkway, Dr

Lee was serving in the headquarters of the Singapore Ministry of Health.

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Parkway Holdings Limited

Parkway Holdings Limited

region's leading providers of healthcare services, with a network of 16 hospitals with more than

3,400 beds throughout Asia, including Singapore, Malaysia, Brunei, India and China. In Singapore,

the Group owns

which operates three of Singapore's premier healthcare providers:

Mount Elizabeth Hospitals

primary healthcare services; About, listed on the Singapore Stock Exchange since 1975, is one of theParkway Group Healthcare Pte Ltd and Parkway Hospitals Singapore Pte Ltd,Parkway East, Gleneagles and. The Group also owns Parkway Shenton Pte Ltd, a major provider ofMedi-Rad Associates Ltd, a leading radiology services provider; and

Parkway Laboratory Services Ltd

Trust Management Limited

Education Pte Ltd

Health

the globe. For more information, please visit the website at , a major provider of laboratory services. In addition, Parkwayprovides management services to Parkway Life REIT, while Parkwayoffers healthcare education through Parkway College of Nursing and Allied. The Group also operates 37 ParkwayHealth Patient Assistance Centres (PPAC) acrosswww.parkwayholdings.com.

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