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Notice Of A Substantial Shareholder's Interest

Part I
1.	Date of notice to issuer	20/05/2011
2.	Name of Substantial Shareholder	MBK Healthcare Partners Limited ("MBK")
3.	Notice Type	Notice of a New Substantial Shareholder's interest.
Part II
1.	Date of change of Interest	16/05/2011
2.	Name of Registered Holder	Parkway Trust Management Limited ("Parkway Trust") and Parkway Investments Pte Ltd ("Parkway Investments")
3.	Circumstance(s) giving rise to the interest or change in interest	# Others As a consequence of the acquisition of a 30 percent. stake in Integrated Healthcare Holdings Sdn. Bhd., by MBK (being a wholly-owned subsidiary of Mitsui & Co., Ltd.), MBK is deemed to have an interest in the shares of Parkway Life REIT held by Parkway Trust and Parkway Investments pursuant to Section 7 of the Companies Act, Chapter 50 of Singapore.
4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 216,596,414 As a percentage of issued share capital 35.80 % No. of Shares which are subject of this notice 216,596,414 As a percentage of issued share capital 35.80 % Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0 No. of Shares held after the change 216,596,414 As a percentage of issued share capital 35.80 %
Part III - Not Required
Part IV
1.	Holdings of Substantial Shareholder, including direct and deemed interest :
	Direct Deemed No. of shares held before the change 0 0 As a percentage of issued share capital 0 % 0 % No. of shares held after the change 0 216,596,414 As a percentage of issued share capital 0 % 35.80 % Footnotes Note: Percentages calculated based on 604,970,414 issued units in Parkway Life REIT as at 21 January 2011.