Notice Of Cessation Of Substantial Shareholding

BackDec 26, 2008
Part I
1. Date of notice to issuer 24/12/2008
2. Name of Substantial Shareholder Oversea-Chinese Banking Corporation Limited ("OCBC")
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 23/12/2008
2. The change in the percentage level From 5.39 % To 4.74 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

OCBC's subsidiary, Lion Global Investors Limited (previously known as Lion Capital Management Limited) ("Lion Global") manages discretionary fund management accounts and invests in units ("units") of MI-REIT from these accounts. There were sales of units and the aggregate holding of the accounts which give Lion Global the discretion to exercise voting rights has been reduced from 14,088,000 units (5.39%) to 12,381,000 units (4.74%) as at 23 December 2008. As a result, Lion Global and OCBC ceased to be a substantial unitholder of MI-REIT.
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 14,088,000
As a percentage of issued share capital 0 % 5.39 %
No. of shares held after the change 0 12,381,000
As a percentage of issued share capital 0 % 4.74 %

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