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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackNov 03, 2008
Part I
1. Date of notice to issuer 03/11/2008
2. Name of Substantial Shareholder CapitaLand Limited ("CL")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 31/10/2008
2. The change in the percentage level From 30.37 % To 31.02 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Change in deemed interest arising from:

(a) 6 Feb 2007 - Receipt of 612,993 new units in CCT by CapitaCommercial Trust Management Limited ("CCTML"), in payment of its management fees.

(b) 3 May 2007 - Receipt of 553,244 new units in CCT by CCTML, in payment of its management fees.

(c) 7 Aug 2007 - Receipt of 539,176 new units in CCT by CCTML, in payment of its management fees.

(d) 9 Nov 2007 - Receipt of 597,445 new units in CCT by CCTML, in payment of its management fees.

(e) 4 Feb 2008 - Receipt of 722,800 new units in CCT by CCTML, in payment of its management fees.

(f) 2 May 2008 - Receipt of 881,409 new units in CCT by CCTML, in payment of its management fees.

(g) 5 Aug 2008 - Receipt of 938,075 new units in CCT by CCTML, in payment of its management fees.

(h) 20 Aug 2008 - Receipt of 6,123,199 new units in CCT by CCTML as payment of acquisition fee for acquisition of 1 George Street.

(i) 31 Oct 2008 - Receipt of 2,019,040 new units in CCT by CCTML, in payment of its management fees.

As CCTML is an indirect wholly-owned subsidiary of CL, CL is deemed to be interested in the above units held by CCTML.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 419,892,834
As a percentage of issued share capital 0 % 30.37 %
No. of shares held after the change 0 432,880,215
As a percentage of issued share capital 0 % 31.02 %
Footnotes Where reference is made to shares, it refers to the units in CCT ("Units").

The pre-transaction percentage figure shown above is calculated based on CCT's equity of 1,382,389,511 Units as at 20 October 2006.

The post-transaction percentage figure shown above is calculated based on CCT's enlarged equity of 1,395,376,892 Units as at 31 October 2008.