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

BackSep 04, 2012
Part I
1. Date of notice to issuer 04/09/2012
2. Name of Substantial Shareholder Golden Development Private Limited ("GDPL")
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 03/09/2012
2. The change in the percentage level From 27.7 % To 23.6 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Pursuant to a Stapled Securities lending agreement entered into between GDPL and DBS Bank Ltd. (the stabilising manager for the initial public offering of Far East Hospitality Trust ("Far East H-Trust")) on 16 August 2012, DBS Bank Ltd. has borrowed 65,873,000 Stapled Securities from GDPL. After the lending and the subsequent exercise of the over-allotment option by DBS Bank Ltd. on 3 September 2012, GDPL has a direct interest in 223,417,000 Stapled Securities and a deemed interest in 154,481,000 Stapled Securities.
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 transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 289,290,000 154,481,000
As a percentage of issued share capital 18.0 % 9.6 %
No. of shares held after the change 223,417,000 154,481,000
As a percentage of issued share capital 13.9 % 9.6 %
Footnotes A. Where reference is made to shares, it refers to stapled securities in Far East H-Trust.

B. The percentage figures shown above are calculated on the basis of 1,603,888,000 issued Stapled Securities immediately following the listing of Far East H-Trust.

C. Oxley Hill Properties Pte Ltd has a direct interest in 154,481,000 Stapled Securities. GDPL holds a 100% direct interest in Oxley Hill Properties Pte Ltd. Accordingly, GDPL has a deemed interest in 154,481,000 Stapled Securities.

D. DBS Bank Ltd., Goldman Sachs (Singapore) Pte. and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch are the joint global coordinators for the Offering (collectively, the "Joint Global Coordinators"). DBS Bank Ltd., Goldman Sachs (Singapore) Pte., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and Oversea-Chinese Banking Corporation are the joint bookrunners and underwriters of the Offering (collectively, the "Joint Bookrunners").