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Notice Of Cessation Of Substantial Shareholding

Part I
1.	Date of notice to issuer	28/09/2010
2.	Name of Substantial Shareholder	Tarrant Capital Advisors, Inc.
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	28/09/2010
2.	The change in the percentage level	From 9.31 % To 0 %
3.	Circumstance(s) giving rise to the interest or change in interest	# Others Tarrant Capital Advisors, Inc. is deemed interested in the 1,638,676, 27,305,736 and 27,305,736 units (the "Units") in Parkway Life Real Estate Investment Trust ("PLife REIT") held by TPG Parkway, LP, TPG Parkway III, LP and TPG Parkway IV, LP (the "TPG Entities") respectively due to Section 4 of the Securities and Futures Act (Chapter 289 of Singapore). Cessation of interest in the Units due to the completion of the disposal by the TPG Entities of 56,250,148 units pursuant to a placing agreement dated 22 September 2010 entered into between the TPG Entities and Goldman Sachs (Singapore) Pte.
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 56,250,148 As a percentage of issued share capital 0 % 9.31 % No. of shares held after the change 0 0 As a percentage of issued share capital 0 % 0 % Footnotes Note: (1) The above unitholding percentages are based on 604,495,368 issued units in PLife REIT as at 5 August 2010.