NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST


Name of Announcer SINGAPORE LAND LIMITED
Company Registration No. 196300170C
Announcement submitted on behalf of SINGAPORE LAND LIMITED
Announcement is submitted with respect to SINGAPORE LAND LIMITED
Announcement is submitted by Susie Koh
Designation Company Secretary
Date & Time of Broadcast 03-Nov-2010 12:47:01
Announcement No. 00040


>> Announcement Details


>> PART I


1. Date of notice to issuer 02-11-2010  
2. Name of Director Silchester Partners Limited (formerly known as Silchester International Investors Limited) 
3. Please tick one or more appropriate box(es):
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]


>> PART II


1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest [Select Option]
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of [Select Option] held before the change
As a percentage of issued share capital %
No. of N.A. which are subject of this notice
As a percentage of issued share capital %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of Shares held after the change
As a percentage of issued share capital %


>> PART III


1. Date of change of Interest   01-11-2010
2. The change in the percentage level   From 8.503 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest   # Others
# Please specify details Change in structure of investment management firm.

On 1.11.2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same date, Silchester Limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. From 1.11.2010, Silchester LLP serves as investment manager for 5 international equity commingled funds. In its capacity as investment manager, Silchester LLP is able to exercise sole proxy voting authority over any shares held by the international equity commingled funds including shares in the above reference Singaporean company. This notification was therefore triggered by the change in the legal strcuture of the investment management firm on 1.11.2010 rather than trading activity in the underlying shares. As of 1.11.2010, Silchester Limited does not own or control any shares in the above referenced company.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:   The change is the result of a single transaction.


>> PART IV


1. Holdings of Director , including direct and deemed interest :
     

Direct

Deemed
  No. of shares held before the change 0 35,071,000
  As a percentage of issued share capital 0 % 8.503%
  No. of shares held after the change 0 0
  As a percentage of issued share capital 0 % 0 %


>> Footnotes

On 1.11.2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same date, Silchester Limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. From 1.11.2010, Silchester LLP serves as investment manager for 5 international equity commingled funds. In its capacity as investment manager, Silchester LLP is able to exercise sole proxy voting authority over any shares held by the international equity commingled funds including shares in the above reference Singaporean company. This notification was therefore triggered by the change in the legal strcuture of the investment management firm on 1.11.2010 rather than trading activity in the underlying shares. As of 1.11.2010, Silchester Limited does not own or control any shares in the above referenced company.