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Announcement Of Resignation Of Vice President, Asset Management

Announcement of Resignation of Vice President, Asset Management  *

* Asterisks denote mandatory information

 

"DISCLAIMER:- This announcement was prepared and issued by the belowmentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *	PARKWAYLIFE REIT
Company Registration No.	N.A.
Announcement submitted on behalf of	PARKWAYLIFE REIT
Announcement is submitted with respect to *	PARKWAYLIFE REIT
Announcement is submitted by *	Ho Li Li
Designation *	Company Secretary, Parkway Trust Management Limited (as manager of Parkway Life REIT)
Date & Time of Broadcast	05-Feb-2008 13:10:44
Announcement No.	00041

>> Announcement Details

The details of the announcement start here ...

Name *	Chan Fai Tuck
Age *	43
Effective Date of Resignation *	31-01-2008
Detailed Reason(s) for resignation *	To pursue another role within the Parkway Holdings Limited Group due to personal interests.
Date of Appointment to current position *	01-07-2007
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) *	Vice President, Asset Management
Role and responsibilities *	Leading the asset management team which focuses on the operations of Parkway Life REIT's properties, the implementation of short- to medium-term objectives of Parkway Life REIT's portfolio and supervise the Property Manager in relation to, inter alia, projects for the development or re-development (if not prohibited by the Property Funds Guidelines or if otherwise permitted by the MAS), refurbishment, retrofitting, renovation of a property. The asset management team led by the Vice President, Asset Management also recommends and analyses potential asset enhancement initiatives.
Does the AC have a minimum of 3 members (taking into account this resignation)? *	Yes
Number of Independent Directors currently resident in Singapore (taking into account this resignation) *	N.A.
Number of Resignations of persons specified in Rule 704(7) of the Listing Manual over the past 12 months *	2

>> Other Directorships

Past (for the last five years) *	Nil
Present *	Nil

Shareholding * in the listed issuer and its subsidiaries *

Nil

Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

Nil

Footnotes

Note: Citigroup Global Markets Singapore Pte. Ltd. and UBS AG, acting through its business group, UBS Investment Bank were the joint global co-ordinators, joint bookrunners and joint lead underwriters to the initial public offering of Parkway Life REIT.