Notice Of A Substantial Shareholder's Interest

BackDec 26, 2008
Part I
1. Date of notice to issuer 22/12/2008
2. Name of Substantial Shareholder Great Eastern Holdings Limited ("GEH")
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 19/12/2008
2. The change in the percentage level From 6.98 % To 5.39 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

GEH's subsidiary, Lion Global Investors Limited ("Lion Global") manages discretionary fund management accounts and invests in units of MI-REIT for these accounts. As at 19 December 2008, the aggregate holding of these accounts in MI-REIT had been reduced to 14,088,000 units. Lion Global was given the discretion to exercise voting rights in respect of the 14,088,000 units in MI-REIT, hence having a deemed interest in these units. Lion Global being a subsidiary of GEH, GEH has a deemed interest in 14,088,000 units (5.39%) 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 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 18,225,000
As a percentage of issued share capital 0 % 6.98 %
No. of shares held after the change 0 14,088,000
As a percentage of issued share capital 0 % 5.39 %

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