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19 May 2008

Octopus Launches Innovative Octopus Rewards e-Stamp
and Joint Promotion with Fairwood


(Hong Kong, 19 May 2008) Octopus Rewards Limited today announced the rollout of an innovative customer rewards application – Octopus Rewards e-Stamp ("Rewards e-Stamp"). The company is also teaming up with leading local fast food operator Fairwood Holdings Limited ("Fairwood") to launch the first promotional campaign featuring this application.

From 19 May to 15 June 2008, Octopus Rewards members can earn one Rewards e-Stamp, stored in their Octopus, with any purchase of HK$25 or above at all Fairwood outlets in Hong Kong. Upon earning five Rewards e-Stamps within one week (Monday to Sunday), a HK$10 cash coupon will be issued automatically which is valid against their next purchase at Fairwood.

With Rewards e-Stamp, whether Octopus Rewards members are paying by cash, Octopus or any other acceptable payment method, they are eligible to enjoy the new benefits and earn Reward$ at the same time without the need for separate registration. Plus they no longer have to bring with them different types of coupons or stamps when they want to redeem rewards. On the merchant side, Rewards e-Stamp serves as a flexible and secure tool which gives merchants control over their promotion models. Gone are the days of paper stamps and coupons!

"Octopus Rewards e-Stamp is a merchant-driven application which provides flexibility and allows customisation of customer loyalty initiatives. And on the consumer side, it takes the whole rewards experience to a new level of benefits and convenience," said Beatrice Fung, Managing Director of Octopus Rewards Limited. "With its introduction, we look to create a win-win-win situation among Octopus Rewards, our partners and our members."

"We are glad to be the first Octopus Rewards partner to use the Rewards e-Stamp application," said Perry Chung, Marketing Director of Fairwood. "This new application gives us great flexibility and allows us to tailor a promotion that can provide the best benefits to our customers. It also provides us with a well-established platform and lets us tap in to the extensive network of Octopus Rewards members."

Today, Octopus Rewards covers different aspects of life, and participating partners include 188 Pets Supermarket, Arome Bakery, CHICKEEDUCK, Chinchilla Land, Délifrance, Fairwood Fast Food, Fotomax Photofinishing Shop, HSBC, Market Place by Jasons, McDonald's, Paradise Mall, Pet Convenience, Pets Forest, Q-PETs, Red Carrot, Sanrio Kids, Swire Coca-Cola HK, Telford Plaza, UA Cinemas and Wellcome. For more details, please visit the Octopus Rewards website, or call the Octopus Rewards Customer Hotline at 3690 1313.

About Octopus Rewards Limited

Octopus Rewards Limited is a wholly-owned subsidiary of Octopus Holdings Limited. Established in 2005, Octopus Rewards Limited is responsible for the development and operation of the Octopus Rewards programme. With the close collaboration of different merchants and the high penetration of Octopus, Octopus Rewards offers all Hong Kong residents a simple and beneficial rewards programme that everyone can enjoy. Reward$ can be earned regardless of the payment means and redeemed instantly across industries without having to carry or apply for any additional card or fill in any redemption forms.

About Fairwood Holdings Limited

Fairwood is one of the leading fast food operators in Hong Kong and mainland China. As at 27 November 2007, the Group ran a total of 103 outlets, including 83 fast food outlets, three Buddies Cafés and five specialty restaurants in Hong Kong, and 10 fast food outlets and two institutional catering outlets in mainland China. To improve customer perception of the Fairwood brand and to enhance competitiveness, the Group launched a corporate re-branding campaign in November 2003. It is confident that its strong brand identity and improved fundamentals will continue to facilitate its business expansion in the future.

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