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

BackJan 30, 2008
Part I
1. Date of notice to issuer 30/01/2008
2. Name of Substantial Shareholder Ascendas Land International Pte Ltd ("ALI")
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 30/01/2008
2. The change in the percentage level From 17.07 % To 17.13 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issue of new units to Ascendas Property Fund Trustee Pte. Ltd., as Trustee-Manager of Ascendas India Trust ("a-iTrust"), for payment of management fee for the third quarter from 1 October 2007 to 31 December 2007.

ALI is deemed to be interested in the units held by the Trustee-Manager by virtue of the provisions of Section 7 of the Singapore Companies Act, Cap. 50.
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 127,637,113 773,801
As a percentage of issued share capital 16.97 % 0.10 %
No. of shares held after the change 127,637,113 1,245,281
As a percentage of issued share capital 16.97 % 0.16 %
Footnotes A. Where reference is made to shares, it refers to units in a-iTrust.
B. The above percentages are computed based on 752,055,643 units in issued as at 30 January 2008.
C. ALI is the Sponsor of a-iTrust.