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

BackFeb 18, 2008
Part I
1. Date of notice to issuer 14/02/2008
2. Name of Substantial Shareholder CapitaLand Retail Limited ("CRTL")
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 05/02/2008
2. The change in the percentage level From 39.9520 % To 39.9761 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

CRTL indirectly owns:-

(i) 100% of Retail Crown Pte. Ltd. ("RCPL"); and
(ii) 100% of Pyramex Investments Pte Ltd, Premier Healthcare Services International Pte Ltd and Albert Complex which collectively own 29.37% of CapitaMall Trust ("CMT"), and CMT in turn holds 19.97% of the total no. of Units in issue.

Accordingly, CRTL is deemed to be interested in the Units held by RCPL and CMT.

In accordance with the increase of aggregate number of units in CRCT in issue from 476,147,309 to 614,383,309 by an increase of 138,236,000 new Units as part of the equity fund raising exercise to partly finance the acquisition of Xizhimen Mall, Beijing:-

(i) RCPL has subscribed for 27,771,000 of the new Units which represents an increase of 0.02% of its interest in CRCT i.e., from 19.98% to 20.00%; and
(ii) CMT has subscribed for 27,605,000 of the new Units so as to maintain its interest of 19.97% in CRCT at its pre-placement level.

Taking into account CRTL's deemed interest held through CMT, CRTL's interest (direct and deemed) immediately prior to CRCT's equity fund raising exercise was 39.9520%. Following the issuance of additional new units in CRCT on 5 February 2008 pursuant to the equity fund raising exercise, CRTL's interest (direct and deemed) in CRCT increased from 39.9520% to 39.9761%.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A single transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 190,230,513
As a percentage of issued share capital 0 % 39.9520 %
No. of shares held after the change 0 245,606,513
As a percentage of issued share capital 0 % 39.9761 %
Footnotes 1. The pre-transaction percentage figure shown above is calculated based on CRCT's equity of 476,147,309 units.

2. The post-transaction percentage figure shown above are calculated based on CRCT's enlarged equity of 614,383,309 Units (comprising the 476,147,309 Units previously in issue and the issue of 138,236,000 new Units as part of equity fund raising exercise to partly finance the acquisition of Xizhimen Mall, Beijing by CRCT).
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