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18 May 2007

Octopus Joins Hands with St. James' Settlement to Launch
"Octopus Kids' Nurturing Program"

(Hong Kong, 18 May 2007) Octopus Cards Limited (OCL), in collaboration with St. James' Settlement (SJS), today announced the launch of "Octopus Kids' Nurturing Program", offering 100 underprivileged students the opportunity to participate in extra-curricular activities with a view to exploring their talents and enhancing their all-round development.

With Octopus' financial support, 100 students of Primary 2 to 5 will attend courses in a variety of non-academic areas covering arts, music and sports. These courses, which will run from October 2007 to January 2008, include harmonica, Chinese painting, pottery, English drama and Chinese martial arts. Eligible participants will be selected from SJS' partner schools in Tuen Mun, Yuen Long and Tin Shui Wai. SJS has more than 30 partner schools throughout Hong Kong.

Ms Prudence Chan, Chief Executive Officer of Octopus Cards Limited, said, "Since our launch 10 years ago, Octopus has become an integral part of everyday life in Hong Kong. As we continue to develop our business, we see the need to support the community and care for those in need. With innovation as part of our core value, we hope to provide these children with the opportunity to nurture their talents and creativity so together we’ll be able to create a brighter future."

Ms Chan added, "We are delighted to work with St. James' Settlement on this meaningful program as it is their mission to provide deprived children with equal learning opportunities. Octopus hopes to play our part in giving these children the same opportunity that children from better-off families have. We believe this program would bring invaluable benefits to their growth and future development."

Mr Michael Lai, Chief Executive Officer of St. James' Settlement, said, "This is the first time we are working together with Octopus as partners. We really appreciate Octopus' initiative in seeking us out to cater to the needs of the underprivileged in our community while they celebrate their 10th Anniversary. Octopus makes an excellent role model as a good corporate citizen."


About Octopus
Launched in 1997, Hong Kong's Octopus is the world's leading and most extensive smartcard payment system, with over 444 service providers across different businesses including public transport, parking, retail, vending and kiosks, schools, leisure facilities and access control for residential and commercial buildings. Merchants and Octopus holders embrace Octopus for both its simplicity and its convenience. Today, 15 million Octopus cards are in circulation, and the system handles nearly 10 million transactions a day, with transaction value exceeding HK$78 million.

In recent years, Octopus has started to export its unique experience and technology overseas, offering consultancy services and holding workshops for parties from different parts of the world.


About St. James' Settlement
St. James' Settlement is a charitable multi-social service organization which was founded in 1949. Its service targets include children, youngsters, families, street sleepers as well as mentally handicapped and elderly people.

St. James' Settlement has always upheld the principle of "serving the poor and the weak", with improving the quality of life of the underprivileged as its focus. It always ventures into new services and charity projects as a way to fulfill the needs of the helpless and deprived. A large number of needy people are being helped by its charity projects such as People's Food Bank and "Grant-in-aid Brightens Children’s Lives" (http://www.sjs.org.hk).

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