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United Overseas Bank Limited ("UOB") has been supporting the arts since 1973, and this year marks the 27^th year of the UOB Painting Of The Year Competition and Exhibition ("POY"). The POY is UOB's flagship community programme in support of the arts, and has been held annually since 1982. It is now a key event in the arts calendar in Singapore, and today, UOB is pleased to announce the launch of the 27^th UOB POY. This year, UOB will also be increasing the quantum of the prize money for winners as a form of encouragement, and the winner of the UOB Painting Of The Year can also look forward to receiving $30,000 in prize money - an increase of $10,000 over the previous year.

Mr Terence Ong, Senior Executive Vice President Global Markets & Investment Management & Alternate Chairman of the UOB Art Committee said, "UOB is heartened by the response to the POY over the last 26 years. We have increased the quantum of the prizes for the competition this year to recognise the effort put in by the artists, and support their commitment to their craft."

Through the Competition, UOB hopes to promote a greater interest in local art, encourage artists in pursuing their talents, and give recognition to their work. Past winners of the UOB POY include Goh Beng Kwan, Thomas Yeo, the late Chua Ek Kay and Anthony Poon, who all went on to receive local and international acclaim and awards, including the prestigious Cultural Medallion conferred by the President of Singapore.

Last year's Competition saw an overwhelming response, with 1,100 entries submitted by about 800 participants, which is testimony to the vibrant arts scene in Singapore. UOB is proud to be able to provide an opportunity, through the Competition, for our local artists to showcase their work and creativity through their chosen mediums.

UOB invites painters and photographers in Singapore to take part in the 27^th UOB POY. This competition is open to all Singapore Citizens, and employment,
work-permit and student pass holders.

There are no participation fees, and participants stand to win one of the following prizes.

All award-winning and highly-commended entries will be exhibited at the 27th UOB Painting Of The Year Exhibition to be held at Jendela (Visual Arts Space by Cristal Caritas Trust), Espanade - Theatres on the Bay, 1 Esplanade Drive, Singapore 038981, from 12 July to 2 August 2008.

Entry Submission Details
Entry forms and a copy of the rules and regulations of the Competition are available at uobgroup.com, all UOB branches, schools and art institutions.

All entries must be submitted at the Visual Arts Seminar Room, Level 2, Nanyang Academy Of Fine Arts Campus 1 (Wing B), 80 Bencoolen Street, Singapore 189655 on Sunday, 6 July 2008 between 1pm and 6pm.

For more information, please visit the UOB website at www.uobgroup.com/poy.

About UOB Painting Of The Year Competition

Please refer to attached fact sheet (PDF: 13KB).

About United Overseas Bank

UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China.

UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts.

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