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

BackNov 06, 2012
Part I
1. Date of notice to issuer 06/11/2012
2. Name of Substantial Shareholder Temasek Holdings (Private) Limited ("Temasek")
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 02/11/2012
2. The change in the percentage level From 40.01 % To 37.33 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

On 24 and 25 October 2012, CapitaRetail China Trust Management Limited in its capacity as manager of CRCT ("CRCTML") announced a proposed private placement of up to 57 million new Units ("Private Placement").

On 2 November 2012, CRCTML issued 57 million new Units in connection with the Private Placement.

CRCTML is a subsidiary of CapitaLand Limited ("CL"). The issue of the 57 million new Units, when combined with the issue of the aggregate 3,798,088 new Units to CRCTML as payment of the performance component of the management fees for the period from 1 April 2011 to 30 June 2012, and the transfer of 73,255 Units by CRCTML to its non-executive directors by way of payment of directors' fees, caused a change in the total holdings by CRCTML and other CL subsidiaries to 36.89% of the issued Units.

In addition, there were transactions by subsidiaries of DBS Group Holdings Limited ("DBS") which caused a change in DBS' interest to 0.44% of the issued Units as at 2 November 2012.

DBS and CL are associated companies of Temasek. By virtue of section 6(4) of the Companies Act, Temasek has a deemed interest in the Units held by the DBSH group and the CL group.

Accordingly, on 2 November 2012, there was a change in Temasek's deemed interest to 37.33% of the issued Units due to the above mentioned circumstances. Temasek has no direct interest in the Units.

Temasek became aware of the change in the percentage level of its interest on 2 November 2012.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 275,068,027
As a percentage of issued share capital 0 % 40.01 %
No. of shares held after the change 0 279,306,860
As a percentage of issued share capital 0 % 37.33 %
Footnotes 1. This announcement issued by CRCTML is based on the notice of substantial unitholder's change in interest received from Temasek on 6 November 2012.

2. Where reference is made to shares, it refers to the units in CRCT ("Units").

3. The pre-transaction percentage figure shown above is calculated based on CRCT's equity of 687,421,027 units as at 18 July 2011.

4. The post-transaction percentage figure shown above is calculated based on CRCT's equity of 748,219,115 units as at 2 November 2012.
BACK TO TOP