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

BackJan 24, 2011
Part I
1. Date of notice to issuer 24/01/2011
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 21/01/2011
2. The change in the percentage level From 35.79 % To 35.83 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Issuance of 230,933 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 2010 to 31 December 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 0 216,500,481
As a percentage of issued share capital 0 % 35.79 %
No. of shares held after the change 0 216,731,414
As a percentage of issued share capital 0 % 35.83 %
Footnotes Notes:

Percentages calculates based on 604,970,414 issued units in Parkway Life REIT as at 21 January 2011.