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Notice Of Cessation Of Substantial Shareholding

BackSep 03, 2012
Part I
1. Date of notice to issuer 03/09/2012
2. Name of Substantial Shareholder DBS Group Holdings Ltd ("DBS Group Holdings")
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 7.29 % To 2.81 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

(1) Exercise of Over-Allotment Option

As stated in the prospectus dated 16 August 2012 issued in connection with the initial public offering (the Offering) of Far East Hospitality Trust (the Prospectus), Golden Development Private Limited has granted an over-allotment option (the Over-Allotment Option) exercisable by DBS Bank Ltd (the Stabilising Manager) in consultation with the Joint Bookrunners (as defined in the Prospectus), to acquire from Golden Development Private Limited up to an aggregate of 65,873,000 Stapled Securities at the Offering Price (as defined in the Prospectus), solely to cover the over-allotment of Stapled Securities (if any), subject to any applicable laws and regulations.

Pursuant to the exercise of the Over-Allotment Option by the Stabilising Manager on 3 September 2012, the Stabilising Manager has ceased to have any deemed interest in the 65,873,000 Stapled Securities.

(2) Increase in deemed interest by virtue of Section 4(4) of the SFA

DBS Bank Ltd was allocated 592,000, Stapled Securities under the Placement Tranche. In a series of transactions on 27 August 2012 and 28 August 2012, DBS Bank Ltd purchased 404,000 Stapled Securities on the open market and transferred 8,000 Stapled Securities from its discretionary managed portfolio to client's account.

(3) Decrease in deemed interest by virtue of Section 4(4) of the SFA

In a series of transactions from 27 August 2012 to 30 August 2012, Hwang Investment Management Berhad sold 6,243,000 Stapled Securities on the open market.

DBS Bank Ltd has an interest of more than 20% in Hwang Investment Management Berhad. Accordingly, DBS Bank Ltd is deemed to have an interest in the Stapled Securities held by Hwang Investment Management Berhad.

DBS Bank Ltd is a wholly owned subsidiary of DBS Group Holdings. Accordingly, DBS Group Holdings is deemed to have an interest in the Stapled Securities held by DBS Bank Ltd and the Stapled Securities in which DBS Bank Ltd. is deemed to have an interest.

DBS Bank Ltd., Goldman Sachs (Singapore) Pte. and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch are the Joint Financial Advisers, Global Coordinators and Issue Managers for the Offering.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: 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 0 116,852,000
As a percentage of issued share capital 0 % 7.29 %
No. of shares held after the change 0 45,132,000
As a percentage of issued share capital 0 % 2.81 %
Footnotes Note: The percentage figures shown above are based on the total number of issued Stapled Securities of Far East Hospitality Trust ("Far East H-Trust") as at 3 September 2012 of 1,603,888,000 Stapled Securities. Rounded to two decimal places. References to unit shall be taken to mean stapled securities in Far East H-Trust.