CapitaLand Ascott Trust - Investor Relations: News

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

BackDec 01, 2011

Part I

Date of notice to issuer

29/11/2011

Name of Substantial Shareholder

Temasek Holdings (Private) Limited

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

Date of change of Interest

24/11/2011

The change in the percentage level

From 49.49 % To 50.01 %

Circumstance(s) giving rise to the interest or change in interest

# Others

There was a series of transactions by subsidiaries of DBS Group Holdings Ltd ("DBSH"). DBSH is an associated company of Temasek Holdings (Private) Limited ("Temasek").

New units were issued to Ascott Residence Trust Management Limited ("Manager"), as manager of Ascott Residence Trust ("Ascott Reit"), as payment of management fees for the second and third calendar quarters of 2011. The Manager is a subsidiary of CapitaLand Limited ("CL") which is an associated company of Temasek.

Hence, as of 29 November 2011, Temasek's deemed interest in the units had increased to 565,004,735 units (50.01%) comprising:

1. 551,321,386 units in which CL has an interest;

2. 12,939,000 units in which DBSH has an interest;

3. 344,349 units in which Keppel Corporation Limited, an associated company of Temasek, has an interest; and

4. 400,000 units in which Aetos Security Management Pte. Ltd., an indirect wholly owned subsidiary of Temasek, has an interest.

Temasek became aware of the change in the percentage level of its deemed interest in the units on 28 November 2011.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

A series of transactions.

Part IV

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	555,859,134
As a percentage of issued share capital	0 %	49.49 %
No. of shares held after the change	0	565,004,735
As a percentage of issued share capital	0 %	50.01 %
Footnotes	1. Where references is made to shares, it refers to the units in Ascott Reit. 2. Percentage unit holdings held before the change is expressed based on 1,123,189,859 units in issue on 30 March 2011. 3. Percentage unit holdings held after the change is expressed based on 1,129,871,460 units in issue on 1 November 2011.