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

Part I
1.	Date of notice to issuer	06/05/2010
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	06/05/2010
2.	The change in the percentage level	From 35.72 % To 35.76 %
3.	Circumstance(s) giving rise to the interest or change in interest	# Others Issuance of 243,906 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 January 2010 to 31 March 2010.
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 0 215,840,311 As a percentage of issued share capital 0 % 35.72 % No. of shares held after the change 0 216,084,217 As a percentage of issued share capital 0 % 35.76 % Footnotes Notes: Percentages calculated based on 604,245,217 issued units in Parkway Life REIT as at 6 May 2010.