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Announcement Of Cessation As Vice President

BackJul 18, 2008
Name of person * Ong Eng Yaw  
Age * 36  
Is Effective Date of Cessation known? * Yes  
If yes, please provide the date * 24-07-2008  
Detailed Reason(s) for cessation *
Natural attrition, moving to another company.  
Is there any difference of opinion on material matters between the person and the Board of directors? * No 
If yes, please elaborate * NA 
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 
If yes, please elaborate * NA 
Any other relevant information to be provided to shareholders of the listed issuer? * No 
If yes, please elaborate * NA 
Date of Appointment to current position * 02-05-2007  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Vice President, Investment Management  
Role and responsibilities *
One of the members of the investment team, which is responsible for identifying, researching and evaluating potential acquisitions and related investments with a view of enhancing Parkway Life REIT's portfolio or divestments where a property is no longer strategic, fails to enhance the value of Parkway Life REIT's portfolio or fails to be yield accretive.  
Does the AC have a minimum of 3 members (taking into account this cessation)? * Yes 
Number of Independent Directors currently resident in Singapore (taking into account this cessation) * N.A. 
Number of cessations of appointments specified in Listing Rule 704(7) over the past 12 months * 3 (2 of whom are pursuing other roles within the Parkway Holdings Group). 
 
Shareholding * in the listed issuer and its subsidiaries *
75,000  
 
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil.  
 
>> Other Directorships
 
Past (for the last 5 years) *
Nil.  
Present *
Ely Investments (Pte) Ltd  
 
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.