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Notice Of Cessation Of Substantial Shareholding

BackJan 02, 2009
Part I
1. Date of notice to issuer 02/01/2009
2. Name of Substantial Shareholder Blum Capital Partners, L.P.
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 29/12/2008
2. The change in the percentage level From 9.45 % To 4.81 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Deemed interest by virtue of being associated with Blum G.A. III LLC ("Blum G.A.").

Blum G.A. is deemed interested in the units held by TPG Parkway, LP and TPG Parkway III, LP in Parkway Life REIT ("PREIT") and TPG Parkway, LP has disposed 27,948,852 units in PREIT on 29 December 2008. Under Section 4 of the Securities and Futures Act (Chapter 289 of Singapore), Blum Capital Partners, L.P. is deemed to be interested in the units in PREIT in which Blum G.A. has an interest.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A Transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 56,893,264
As a percentage of issued share capital 0 % 9.45 %
No. of shares held after the change 0 28,944,412
As a percentage of issued share capital 0 % 4.81 %
Footnotes Note:

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

2) Based on 602,347,258 issued units in PREIT.

3) This notification replaces the notification of Blum Capital Partners, L.P. which was released on 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.