This printed article is located at http://plifereit.listedcompany.com/news.html

News

Announcement Of Resignation Of Vice President, Asset Management

BackFeb 05, 2008

Announcement of Resignation of Vice President, Asset Management *

* Asterisks denote mandatory information

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.