| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Resignation of Independent Director |
| Securities | PARKWAYLIFE REIT (PLIFREIT) |
| Date & Time of Broadcast | Jun 30, 2016 18:17 |
| Submitted By | Yong Yean Chau Director / Chief Executive Officer |
| Description | Resignation of Independent Director |
| Cessation Details | |
| Name of person | Puah Tuan Soon Benson |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Jun 30, 2016 |
| Detailed reason(s) for cessation | Mr. Puah Tuan Soon Benson's retirement from the Board is part of the succession plan of independent director of Parkway Trust Management Limited, the manager of Parkway Life REIT. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of appointment to current position | Jul 5, 2007 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 1 |
| Job Title | Independent Director, Chairman of the Nominating and Remuneration Committee and member of the Audit Committee |
| Role and responsibilities | Independent Director, Chairman of the Nominating and Remuneration Committee and member of the Audit Committee |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | Nil |
| Shareholdings interest in the listed issuer and its subsidaries? | Yes |
| Shareholding Details | 250,000 units in Parkway Life REIT |
| Other directorships | |
| Past (for the last 5 years) | 1. SISTIC.com Pte Ltd 2. Singapore Tyler Print Institute 3. Singapore Arts School Ltd 4. National Arts Council 5. Association of Asia Pacific Performing Arts Centres 6. The Old Parliament House Limited 7. Singapore Chinese Orchestra Company Limited 8. Singapore Tourism Board 9. The Anglo-Chinese Schools Foundation Limited Singapore 10. Anglo-Chinese School Old Boys Association 11. International Society of Performing Arts |
| Present | 1. Ascendas Hospitality Fund Management Pte Ltd 2. Ascendas Hospitality Trust Management Pte Ltd 3. Rakan Riang Pte Ltd 4. The Esplanade Co Ltd 5. National Gallery Singapore Company Limited |