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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

Part I
1.	Date of notice to issuer	27/01/2011
2.	Name of Director	Yong Yean Chau
3.	Notice Type	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Part II
1.	Date of change of Shareholding	26/01/2011
2.	Name of Registered Holder	Yong Yean Chau
3.	Circumstance(s) giving rise to the interest or change in interest	# Others Transfer of units in Parkway Life Real Estate Investment Trust ("Parkway Life REIT") held by Parkway Trust Management Limited (the "Company") in its own capacity, to eligible employees of the Company pursuant to the awards granted to such employees under the Company's Long Term Incentive Plan.
4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 53,000 As a percentage of issued share capital 0.00876 % No. of Shares which are subject of this notice 81,000 As a percentage of issued share capital 0.01339 % Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0 No. of Shares held after the change 134,000 As a percentage of issued share capital 0.02215 %
Part III - Not Required
Part IV
1.	Holdings of Director, including direct and deemed interest :
	Direct Deemed No. of shares held before the change 53,000 0 As a percentage of issued share capital 0.00876 % 0 % No. of shares held after the change 134,000 0 As a percentage of issued share capital 0.02215 % 0 % Footnotes Notes: Percentages calculated based on 604,970,414 issued units in Parkway Life REIT as at 21 January 2011.