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

BackJan 22, 2010
Part I
1. Date of notice to issuer 22/01/2010
2. Name of Substantial Shareholder Parkway Holdings Limited
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 Interest 22/01/2010
2. The change in the percentage level From 35.69 % To 35.74 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issuance of 265,044 units to Parkway Trust Management Limited ("PTM"), a wholly-owned subsidiary of Parkway Holdings Limited, being payment of 20% of PTM's management fee, as Manager of Parkway Life REIT, for the period from 1 October 2009 to 31 December 2009.
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 0 215,575,267
As a percentage of issued share capital 0 % 35.69 %
No. of shares held after the change 0 215,840,311
As a percentage of issued share capital 0 % 35.74 %
Footnotes Notes:

Percentages calculated based on 604,001,311 issued units in Parkway Life REIT as at 22 January 2010.