| Part I | ||||||||||||||||||||
| 1. | Date of notice to issuer | 01/03/2012 | ||||||||||||||||||
| 2. | Name of Substantial Shareholder | (1) Hong Leong Investment Holdings Pte. Ltd. ("HLIH") and (2) Kwek Holdings Pte Ltd ("KH") | ||||||||||||||||||
| 3. | Notice Type | Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. |
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| Part II - Not Required | ||||||||||||||||||||
| Part III | ||||||||||||||||||||
| 1. | Date of change of Interest | 30/01/2012 | ||||||||||||||||||
| 2. | The change in the percentage level | From 35.405 % To 35.733 % | ||||||||||||||||||
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others (i) Sale of an aggregate of 760,000 Stapled Securities by M&C REIT Management Limited ("M&C REIT"), and (ii) Allotment of an aggregate of 6,069,769 Stapled Securities to M&C REIT, as payment of its management and acquisition fees from CDL Hospitality Real Estate Investment Trust to M&C REIT. HLIH and KH are deemed to be interested in the Stapled Securities held by M&C REIT by virtue of the provisions of Section 7 of the Companies Act, Chapter 50. |
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| 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 as set out in paragraph 3 above. This Notice is submitted as an update of the deemed interests of HLIH and KH as at 30 January 2012 notwithstanding that the percentage level of deemed interest in CDL Hospitality Trusts did not change by 1%. | ||||||||||||||||||
| Part IV | ||||||||||||||||||||
| 1. | Holdings of Substantial Shareholder, including direct and deemed interest : | |||||||||||||||||||
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