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Notice Of A Substantial Shareholder's Interest

BackDec 31, 2008
Part I
1. Date of notice to issuer 31/12/2008
2. Name of Substantial Shareholder Tarrant Capital Advisors, Inc.
3. Notice Type Notice of a New Substantial Shareholder's interest.
Part II
1. Date of change of Deemed Interest 29/12/2008
2. Name of Registered Holder TPG Parkway, LP, TPG Parkway III, LP and TPG Parkway IV, LP
3. Circumstance(s) giving rise to the interest or change in interest # Others

Deemed interest by virtue of being associated with Tarrant Advisors, Inc.

TPG Parkway, LP, TPG Parkway III, LP and TPG Parkway IV, LP are the registered holders of 1,638,676, 27,305,736 and 27,305,736 units in Parkway Life REIT ("PREIT") respectively. Tarrant Advisors, Inc. is deemed interested in the units held by TPG Parkway, LP, TPG Parkway III, LP and TPG Parkway IV, LP and under Section 4 of the Securities and Futures Act (Chapter 289 of Singapore) ("SFA"), Tarrant Capital Advisors, Inc is deemed to be interested in the units in which Tarrant Advisors, Inc. has an interest.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 0
As a percentage of issued share capital 0 %
No. of Shares which are subject of this notice 56,250,148
As a percentage of issued share capital 9.34 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0
No. of Shares held after the change 56,250,148
As a percentage of issued share capital 9.34 %
Part III - Not Required
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 0
As a percentage of issued share capital 0 % 0 %
No. of shares held after the change 0 56,250,148
As a percentage of issued share capital 0 % 9.34 %
Footnotes Note:

1) Where reference is made to shares, it refers to the units in Parkway Life REIT.

2) The percentage of issued units held is calculated based on 602,347,258 units in issue as at 31 December 2008.

Citigroup Global Markets Singapore Pte. Ltd. and UBS AG, acting through its business group, UBS Investment Bank were the joint global co-ordinators, joint bookrunners and joint lead underwriters to the initial public offering of Parkway Life REIT.