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

BackFeb 19, 2010
Part I
1. Date of notice to issuer 18/02/2010
2. Name of Substantial Shareholder Temasek Holdings (Private) Limited ("Temasek")
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 12/02/2010
2. The change in the percentage level From 32.00 % To 31.98 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

By virtue of:-

1. a series of transactions by Fullerton Fund Management Company Ltd. ("FFMC") for its discretionary investment clients. FFMC is a wholly owned subsidiary of Temasek;

2. a series of transactions by subsidiaries of DBS Group Holdings Limited ("DBSH"). DBSH is an associated company of Temasek; and

3. the issue of new units to CapitaCommercial Trust Management Limited ("CCT Management"), the manager of CCT for payment of management fees for the period from 1 October 2009 to 31 December 2009. CCT Management is a subsidiary of CapitaLand Limited ("CL") which is an associated company of Temasek.

As at 12 February 2010, Temasek therefore had a total interest in 900,816,367 units representing 31.98% of the total issued units comprising :

(i) 3,246,000 units in which DBSH has a deemed interest;

(ii) 1,285,044 units in which Keppel Corporation Limited, an associated company of Temasek, has a deemed interest;

(iii) 891,410,323 units in which CL has a deemed interest; and

(iv) 4,875,000 units in which FFMC has a deemed interest.

Temasek became aware of the change in the percentage level of its interest on 17 February 2010.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of 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 0 900,366,910
As a percentage of issued share capital 0 % 32.00 %
No. of shares held after the change 0 900,816,367
As a percentage of issued share capital 0 % 31.98 %
Footnotes 1. Where reference is made to shares, it refers to the units in CCT ("Units").
2. The percentage of the pre-transaction is calculated based on CCT's equity of 2,813,915,220 issued units as at 2 November 2009.
3. The percentage of the post-transaction is calculated based on CCT's equity of 2,816,403,677 issued units as at 2 February 2010.