CapitaLand Ascott Trust - Investor Relations: News

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

BackApr 01, 2011

Part I

Date of notice to issuer

01/04/2011

Name of Substantial Shareholder

Temasek Holdings (Private) Limited ("Temasek")

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

30/03/2011

The change in the percentage level

From 48.00 % To 49.49 %

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

# Others

There was a series of issue of new units in Ascott Reit ("Units") to Ascott Residence Trust Management Limited ("ARTML"), manager of Ascott Reit. This increased the number of Units in which CapitaLand Limited ("CL") has an interest to 544,639,785 on 30 March 2011, as ARTML is a subsidiary of CL.

There was also a series of transactions which increased the number of Units held by the other Temasek subsidiaries and associated companies to 11,219,349 on 30 March 2011.

Temasek is deemed by section 7(4A) of the Companies Act to have an interest in Units held by its subsidiaries and associated companies.

Accordingly, by 30 March 2011, Temasek's deemed interest in the Units has increased to 555,859,134 comprising the 544,639,785 Units in which CL has an interest, and the 11,219,349 Units held by the other Temasek subsidiaries and associated companies.

Finally, there was an equity fund raising comprising the offering of 487,518,000 new Units announced on 13 September 2010 which increased the number of issued Units.

Temasek became aware of the change in the percentage level of its deemed interest in the Units on 31 March 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	294,505,731
As a percentage of issued share capital	0 %	48.00 %
No. of shares held after the change	0	555,859,134
As a percentage of issued share capital	0 %	49.49 %
Footnotes	1. Where references are made to shares, it refers to the units in Ascott Reit. 2. Percentage unitholdings held before the change is expressed based on 613,597,321 units in issue of Ascott Reit as at 6 March 2009. 3. Percentage unitholdings held after the change is expressed based on 1,123,189,859 units in issue of Ascott Reit as at 30 March 2011.