Notice Of Cessation Of Substantial Shareholding

BackJun 04, 2008
Part I
1. Date of notice to issuer 03/06/2008
2. Name of Substantial Shareholder J.P. Morgan (S.E.A.) Limited
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 Deemed Interest 07/08/2007
2. The change in the percentage level From 7.35 % To 0.91 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Stabilisation action in relation to the initial public offering (the "Offering" of Units (the "Units") representing undivided interest in Ascendas India Trust ("a-iTrust").

In this respect, the over-allotment option granted by Ascendas Property Fund Trustee Pte. Ltd. to J.P. Morgan (S.E.A.) Limited, Citigroup Global Markets Singapore Pte. Ltd. and DBS Bank Ltd, has been exercised in full, in respect of 42,337,725 Units on 7 August 2007, solely for the purposes of covering the 42,337,725 Units which had been over-allotted in connection with the Offering.
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 transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 55,175,725
As a percentage of issued share capital 0 % 7.35 %
No. of shares held after the change 0 6,838,000
As a percentage of issued share capital 0 % 0.91 %
Footnotes A. Where reference is made to shares, it refers to units in Ascendas India Trust ("a-iTrust").

B. The above percentages were computed based on 750,810,362 units issued as at 1 August 2007.