CapitaLand Ascott Trust - Investor Relations: News

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

BackMay 06, 2008

Part I

Date of notice to issuer

06/05/2008

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

06/05/2008

The change in the percentage level

From 27.67 % To 28.01 %

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

# Others

(1) The payment of acquisition fee to Ascott Residence Trust Management Limited ("ARTML"), by way of issue of 136,312 Units at S$1.9892 per Unit in ART, for the acquisition by ART of the remaining 60% of the issued share capital of East Australia Trading Company (S) Pte Ltd, which was completed on 30 March 2007.

(2) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fees to ARTML for the period from 1 January 2007 to 30 June 2007, by way of issue of 789,338 units at S$1.7515 per Unit in ART.

(3) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fees to ARTML for the period from 1 July 2007 to 30 September 2007, by way of issue of 565,873 units at S$1.4036 per Unit in ART.

(4) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fees to ARTML for the period from 1 October 2007 to 31 December 2007 and 50% Additional Outperformance Fee (as defined in the Trust Deed) for the year ended 31 December 2007, by way of issue of 569,242 units at S$1.3468 per Unit in ART.

(5) The payment of 50% of the Base Fee and Base Performance Fee (as defined in the Trust Deed) of the Management Fees to ARTML for the period from 1 January 2008 to 31 March 2008, by way of issue of 734,329 units at S$1.3355 per Unit in ART.

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	1,541,000
As a percentage of issued share capital	27.42 %	0.25 %
No. of shares held after the change	165,843,426	4,336,094
As a percentage of issued share capital	27.30 %	0.71 %
Footnotes	* Percentage unit holdings held before the change is expressed based on Units in issue on 26 March 2007 ** Percentage unit holdings held after the change is expressed based on Units in issue on 6 May 2008