Newsroom

News

Announcement Of Cessation As Vice President, Asset Management

Resignation Details
Name Of Person	Tan Tee Meng
Age	44
Is Effective Date Of Cessation Known?	Yes
Effective Date Of Cessation	14/08/2009
Detailed Reason(s) for Cessation	Voluntary resignation for personal reasons
Is there any difference of opinion on material matters between the person and the Board of directors?	No
If yes, please elaborate	NA
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?	No
If yes, please elaborate	NA
Any other relevant information to be provided to shareholders of the listed issuer?	No
If yes, please elaborate	NA
Date of Appointment to current position	01/02/2008
Job Title	Vice President, Asset Management
Role and Responsibilities	Lead the asset management team which focuses on the operations of Parkway Life REIT's properties, the implementation of the short to medium-term objectives of Parkway Life REIT's portfolio and supervises the Property Manager in relation to, inter alia, projects for the development or re-development (if not prohibited by the Property Funds Guidelines or if otherwise permitted by the MAS), refurbishment, retrofitting and renovation of a property. The asset management team led by the Vice President, Asset Management also recommends and analyses potential asset enhancement initiatives.
Does the AC have a minimum of 3 members (taking into account this resignation)?	Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)	3
Number of Cessations of Appointments specified in Listing Rule 704(7) over the past 12 months	3
Shareholding in the listed issuer and its subsidiaries	50,000 units in Parkway Life REIT
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	No
Other Directorship
Past Directorship (for the last five years)	1. The Orange Lantern (Harbourfront) Restaurant Pte. Ltd. 2. The Orange Lantern (Hougang) Restaurant Pte. Ltd. (Struck Off) 3. Deoxys International Pte. Ltd. (Struck off)
Present Directorship	NIL
Other Notes
Footnotes	UBS AG, acting through its business group, UBS Investment Bank ("UBS") was the sole financial advisor and manager to the initial public offering. Citigroup Global Markets Singapore Pte. Ltd. and UBS were the joint global co-ordinators, joint bookrunners and joint lead underwriters to the initial public offering of Parkway Life REIT.