Notice Of Cessation Of Substantial Shareholding

BackDec 22, 2008
Part I
1. Date of notice to issuer 22/12/2008
2. Name of Substantial Shareholder General Electric Company
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 22/12/2008
2. The change in the percentage level From 11.88 % To 4.99 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sale of 52,000,000 Units ("Sale Units") beneficially owned by General Electric Capital Corporation, a wholly owned subsidiary of General Electric Company, (the Sale Units are registered in the name of Citibank Nominees Singapore Pte Ltd as depositary agent) to Ascendas Land International Pte Ltd pursuant to a sale and purchase agreement dated 18 December 2008 ("Transaction").
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 89,751,000
As a percentage of issued share capital 0 % 11.88 %
No. of shares held after the change 0 37,751,000
As a percentage of issued share capital 0 % 4.99 %
Footnotes 1. The percentage level before the change was based on 751,584,163 issued units in the listed issuer as at 2 November 2007.
2. The percentage level after the change was based on 755,514,687 issued units in the listed issuer as at 22 December 2008.
3. In this announcement, references to "shares" and "shareholder" are to be read as references to "units" and "unitholder" respectively.