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Notice Of A Substantial Shareholder's Interest

BackNov 08, 2011
Part I
1. Date of notice to issuer 08/11/2011
2. Name of Substantial Shareholder HSBC Bank plc
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 03/11/2011
2. The change in the percentage level From 5.202 % To 2.208 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

HSBC Singapore reports on behalf of the HSBC Group for any interest in substantial shareholdings in SGX-ST listed companies. HSBC Singapore was informed of the substantial shareholding of HSBC Group on 04 November 2011.

There was a distribution of 19,047,000 shares to the trust beneficiaries by HSBC Trustee (Singapore) Limited.

HSBC Europe (Netherlands) BV is indirectly deemed to have an interest in the shares of the Company as a result of holdings held by the following HSBC entities below. Below is the holdings by the respective entities as of 3 November 2011:

• HSBC Trustee (Singapore) Limited: 173,000 units
• HSBC Global Asset Management (International) Limited: 12,541,500 units
• HSBC International Trustee Limited: 1,270,000 units
• HSBC (Malaysia) Trustee Berhad: 60,000 units

With the distribution of shares by HSBC Trustee (Singapore) Limited, on an aggregate group level, HSBC Europe (Netherlands) BV ceased to be a substantial shareholder of the Company.

As HSBC Europe (Netherlands) BV is substantially owned by HSBC Bank plc. HSBC Bank plc thus ceased to be a substantial shareholder of the Company.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: This is due to a transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 33,091,500
As a percentage of issued share capital 0 % 5.202 %
No. of shares held after the change 0 14,044,500
As a percentage of issued share capital 0 % 2.208 %
Footnotes (1) Reference to "shares" are to be read as reference to units in Sabana Shari'ah Compliant Industrial REIT.

(2) The percentage figures shown above are calculated on the basis of 636,145,601 issued units.

(3) The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC") , is the sole financial adviser for the initial public offering of units in Sabana Shari'ah Compliant Industrial REIT (the "Offering"). HSBC, United Overseas Bank Limited and Daiwa Capital Markets Singapore Limited are the joint coordinators, issue managers, bookrunners and underwriters for the Offering. HSBC, United Overseas Bank Limited and Daiwa Capital Markets Singapore Limited assume no responsibility for the contents of this announcement.