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

BackAug 05, 2008
Part I
1. Date of notice to issuer 04/08/2008
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 01/08/2008
2. The change in the percentage level From 8.54 % To 7.97 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

GEH's subsidiary, Lion Global Investors Limited ("Lion Global") (formerly known as Lion Capital Management Limited) manages discretionary fund management accounts and invests in units of MI-REIT for these accounts. On 1 August 2008, the aggregate holding of these accounts amounted to 20,825,000 units in MI-REIT. Lion Global has discretion to exercise voting rights in respect of the 20,825,000 units in MI-REIT; hence has a deemed interest in these units. As Lion Global is a subsidiary of GEH, GEH also has a deemed interest in these units.
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 22,274,000
As a percentage of issued share capital 0 % 8.54 %
No. of shares held after the change 0 20,825,000
As a percentage of issued share capital 0 % 7.97 %

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