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

BackMay 31, 2010
Part I
1. Date of notice to issuer 27/05/2010
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 25/05/2010
2. The change in the percentage level From 40.5223 % To 41.0043 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

There were a series of on-market transactions by subsidiaries and associated companies of Temasek.

In addition, units were issued to CapitaRetail China Trust Management Limited as manager of CRCT ("Manager") for payment of management fees. The Manager is a subsidiary of CapitaLand Limited ("CL") which is in turn an associated company of Temasek.

By virtue of section 4 of the Securities and Futures Act, Temasek has a deemed interest in all units in which its subsidiaries and associated companies have an interest.

Accordingly, as at 25 May 2010, Temasek had an interest in 255,919,034 units representing approximately 41.0043% of the issued units being all the 51,000 units and 255,868,034 units held by subsidiaries of DBS Group Holdings Limited ("DBSH") and CL. DBSH is an associated company of Temasek.

Temasek became aware of the change in the percentage level of its interest on 26 May 2010.
4. 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
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 192,736,520
As a percentage of issued share capital 0 % 40.5223 %
No. of shares held after the change 0 255,919,034
As a percentage of issued share capital 0 % 41.0043 %
Footnotes The no. of shares held before the change and as a percentage of issued share capital refer to number and % of units in which Temasek has an interest as disclosed in its most recent notice of interest dated 11 December 2006. % is based on 475,630,513 issued units as at 8 December 2006.

The no. of shares held after the change and as a percentage of issued share capital refer to number and % of units in which Temasek has an interest as at 25 May 2010. % is based on 624,128,034 issued units as at 25 May 2010.
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