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Notice Of Cessation Of Substantial Shareholding

BackJun 20, 2011
Part I
1. Date of notice to issuer 20/06/2011
2. Name of Substantial Shareholder Temasek Holdings (Private) Limited ("Temasek")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 20/06/2011
2. The change in the percentage level From 13.04 % To 2.71 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Mapletree Investments Pte Ltd ("MIPL") through its wholly owned subsidiary has divested its entire 40% shareholding in Lippo-Mapletree Indonesia Retail Trust Management Limited. The deemed interest of MIPL as holding company of Mapletree in Lippo-Mapletree Indonesia Retail Trust ("LMIRT") (through the direct unitholding of Lippo-Mapletree Indonesia Retail Trust Management Limited in LMIRT) has accordingly ceased.

Pursuant to a sale and purchase agreement signed between Mapletree LM Pte Ltd ("MLM") and Bridgewater International Limited ("Bridgewater") on 20 May 2011, MLM has sold 97,853,918 units in LMIRT to Bridgewater.

The deemed interest of Mapletree Dextra Pte Ltd (the holding company of MLM) through the direct unitholding of MLM in LMIRT is accordingly reduced to 2.71%. In this regard, the deemed interest of MIPL as holding company of Mapletree Dextra Pte Ltd, of Fullerton Management Pte Ltd as holding company of MIPL, and of Temasek as holding company of Fullerton Management Pte Ltd, is also reduced to 2.71%.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 139,991,253
As a percentage of issued share capital 0 % 13.04 %
No. of shares held after the change 0 29,396,082
As a percentage of issued share capital 0 % 2.71 %
Footnotes (1) Percentage of unitholding before the change is computed based on 1,073,155,253 Units in issue as at 5 August 2009.

(2) Percentage of unitholding after the change is computed based on 1,084,967,455 Units in issue as at 24 May 2011.

(3) Where reference is made to shares, it refers to units in LMIRT.

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