CapitaLand Ascott Trust - Investor Relations: News

Announcements Press Releases Presentations

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

BackAug 03, 2009

Part I

Date of notice to issuer

03/08/2009

Name of Substantial Shareholder

The Ascott Group 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

03/08/2009

The change in the percentage level

From 28.01 % To 29.01 %

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

# Others

(1) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fee to Ascott Residence Trust Management Limited ("ARTML") for the period from 1 Apr 2008 to 30 Jun 2008 by way of issue of 880,751 units at S$1.1059 per unit in Ascott Residence Trust ("Ascott Reit").

(2) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fee for the period from 1 Jul 2008 to 30 Sep 2008 by way of issue of 2,403,409 units at S$0.4494 per unit in Ascott Reit.

(3) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fee for the period from 1 Oct 2008 to 31 Dec 2008 and 50% of the Additional Outperformance Fee (as defined in the Trust Deed) for the year ended 31 December 2008 by way of issue of 2,782,849 units at S$0.3614 per unit in Ascott Reit.

(4) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fee for the period from 1 Jan 2009 to 31 Mar 2009 by way of issue of 1,444,951 units at S$0.6397 per unit in Ascott Reit.

(5) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fee for the period from 1 April 2009 to 30 June 2009 by way of issue of 1,064,557 units at S$0.8941 per unit in Ascott Reit.

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	165,843,426	4,336,094
As a percentage of issued share capital	27.30 %	0.71 %
No. of shares held after the change	165,843,426	12,912,611
As a percentage of issued share capital	26.92 %	2.10 %
Footnotes	Notes: 1. Where references are made to shares, it refers to the units in Ascott Reit. 2. Percentage unit holdings held before the change is expressed based on 607,530,312 units in issue on 6 May 2008. 3. Percentage unit holdings held after the change is expressed based on 616,106,829 units in issue on 3 August 2009.