On 14 February 2008, the new Singapore Gas Act came into force, providing a new regulatory framework for the Singapore gas industry.

In conjunction with this, CitySpring Infrastructure Trust is pleased to announce that its wholly-owned subsidiary trust, City Gas Trust (“City Gas”), had been granted the following new licenses by the Energy Market Authority (“EMA”):

(1) a Gas Retailer Licence, authorising City Gas to retail natural gas and to produce and retail town gas in Singapore; and

(2) a Gas Shipper Licence Gas, authorising City Gas to transport gas in Singapore, in each case on the terms and conditions of the respective licences.

The licenses are for a term of 10 years and may be renewed prior to their expiry with EMA’s approval. City Gas does not expect the new licences to have any impact on its business of producing and retailing town gas.