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

BackAug 15, 2007

>> PART I

 

1. Date of notice to issuer * 15-08-2007

 

2. Name of Substantial Shareholder * Oversea-Chinese Banking Corporation Limited ("OCBC")

 

3. Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

    •  
     

    >> PART II

     

    1. Date of change of [Select Option]  

     

    2. Name of Registered Holder  

     

    3. Circumstance(s) giving rise to the interest or change in interest [Select Option]  
      # Please specify details
       

     

    4. Information relating to shares held in the name of the Registered Holder

     
    No. of [Select Option] held before the change  
    As a percentage of issued share capital %
     
    No. of N.A. which are subject of this notice  
    As a percentage of issued share capital %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
     
    No. of N.A. held after the change  
    As a percentage of issued share capital %

     
     

    >> PART III

     

    1. Date of change of Deemed Interest 13-08-2007

     

    2. The change in the percentage level From 7.61 % To 6.02 %

     

    3. Circumstance(s) giving rise to the interest or change in interest # Others  
      # Please specify details
    Change in GEH's deemed interest arising from changes in interests of its subsidiaries, The Great Eastern Life Assurance Company Limited ("GEL") and Lion Capital Management Ltd ("Lion Capital")

    (1) Redemption by the Trustee-Manager of a-iTrust of the additional units held by the original unitholders, including GEL's of 11,393,000 units, following the exercise in full of the over-allotment option as advised by the Trustee-Manager of a-iTrust; and

    (2) Sale of 585,000 units in a-iTrust by Lion Capital out of the discretionary fund management accounts it manages. Lion Capital has discretion to exercise voting rights relating to 2,178,000 units in a-iTrust held after the sale. Accordingly, Lion Capital and GEH each is deemed to have an interest in 2,178,000 units held in the accounts of such discretionary funds.

    Accordingly, OCBC also has a deemed interest in these units.  

     

    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 57,168,000
    As a percentage of issued share capital 0 % 7.61 %
    No. of shares held after the change 0 45,190,000
    As a percentage of issued share capital 0% 6.02 % %

     

    Footnotes
    A. Where reference is made to shares, it refers to units in Ascendas India Trust ("a-iTrust").

    B. The above percentages are computed based on 750,810,362 units issued as at 13 August 2007.