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Aug 28, 2009

Notice of a Change in Percentage Level of a Substantial Holder

Part I
1. Date of notice to issuer 26/08/2009
2. Name of Substantial Shareholder Fraser and Neave, Limited ("F&NL")
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 Deemed Interest 26/08/2009
2. The change in the percentage level From 23.51 % To 22.54 %
3. Circumstance(s) giving rise to the interest or change in interest Right Issue

Allotment of 500,148,876 Rights Units pursuant to subscription by Frasers Centrepoint Asset Management (Commercial) Ltd ("FCAM(C)L"), Frasers Centrepoint Property Management (Commercial) Pte Ltd ("FCPM(C)PL") and FCL Trust Holdings (Commercial) Pte Ltd ("FCLTH(C)PL") of provisionally allotted Rights Units.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Allotment of 500,148,876 Rights Units pursuant to subscription by FCAM(C)L, FCPM(C)PL and FCLTH(C)PL of provisionally allotted Rights Units.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 179,527,690
As a percentage of issued share capital 0 % 23.51 %
No. of shares held after the change 0 679,676,566
As a percentage of issued share capital 0 % 22.54 %
Footnotes 1. Where reference is made to shares, it refers to the units in Frasers Commercial Trust.

2. Each of Frasers Centrepoint Limited ("FCL") and F&NL has a deemed interest in an aggregate of 679,676,566 Units, consisting of:

(i) the 502,605,276 Units held directly by FCLTH(C)PL (by virtue of their being the holding company and ultimate holding company of FCLTH(C)PL, respectively);

(ii) the 172,751,670 Units held directly by FCAM(C)L (by virtue of their being the holding company and ultimate holding company of FCAM(C)L, respectively); and

(iii) the 4,319,620 Units held directly by FCPM(C)PL (by virtue of their being the holding company and ultimate holding company of FCPM(C)PL, respectively).

3. The percentage of unitholdings set out in Part III (before the change in percentage level) and in Part IV (before the change) is based on 763,474,691 Units in issue on 30 July 2009; the date on which FCL's and F&NL's last notification of substantial unitholdings was issued.

4. The percentage of unitholdings set out in Part III (after the change in percentage level) and in Part IV (after the change) is based on 3,015,464,570 Units in issue as at the date of this Notice (which includes the 2,251,989,879 Rights Units which have been issued pursuant to the Rights Issue).

5. FCLTH(C)PL and FCL Investments Pte Ltd (direct and indirect wholly owned subsidiaries of FCL and F&NL respectively), were allotted and issued 208,000,000 and 134,500,000 Series A CPPUs respectively on 26 August 2009. The Series A CPPUs are convertible at the option of the holders of the Series A CPPUs into Units at the conversion price of S$0.2369 as announced by F&NL on 26 August 2009.

6. Please see attached disclosure made pursuant to Note 2 on Section 2 of Appendix 1 to the Singapore Code on Takeovers and Mergers.
Attachment 1

28 Aug 2009 | PDF 20,206 kb

With effect from 29 April 2020, following the merger with Frasers Logistics & Industrial Trust, please refer to the website of Frasers Logistics & Commercial Trust for further information.