Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackMar 31, 2011
Part I
1. Date of notice to issuer 30/03/2011
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 Interest 25/03/2011
2. The change in the percentage level From 30.01 % To 29.98 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

There was a series of transactions by subsidiaries of DBS Group Holdings Limited ("DBSH") which decreased the number of Units in which DBSH, Keppel Corporation Limited ("KCL") and CapitaLand Limited ("CL") have interests from 955,737,632 (30.01%) as at 18 March 2011 to 954,773,164 (29.98%) as at 25 March 2011.

DBSH, CL and KCL are associated companies of Temasek. Temasek is deemed by section 7(4A) of the Companies Act to have an interest in Units in which DBSH, CL and KCL have an interest.

Accordingly, Temasek has a deemed interest in 954,773,164 Units (29.98%) comprising all Units in which DBSH, KCL and CL have interests as at 25 March 2011.

Temasek became aware of the change in percentage level of its deemed interest in Units on 29 March 2011.
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 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 0 955,737,632
As a percentage of issued share capital 0 % 30.01 %
No. of shares held after the change 0 954,773,164
As a percentage of issued share capital 0 % 29.98 %
Footnotes 1) Where reference is made to shares, it refers to the units in CMT ("Units").

2) The percentage figures shown above are calculated based on CMT's equity of 3,184,935,885 Units as at 31 January 2011.