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News

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.