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

BackNov 11, 2008
Part I
1. Date of notice to issuer 10/11/2008
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 07/11/2008
2. The change in the percentage level From 7.30 % To 6.98 %
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 7 November 2008, the aggregate holding of these accounts in MI-REIT has been reduced to 18,225,000 units. Lion Global was given the disrection to exercise voting rights in respect of the 18,225,000 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 18,225,000 units (6.98%) 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 19,064,000
As a percentage of issued share capital 0 % 7.30 %
No. of shares held after the change 0 18,225,000
As a percentage of issued share capital 0 % 6.98 %

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