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

BackJun 24, 2009
Part I
1. Date of notice to issuer 23/06/2009
2. Name of Substantial Shareholder JPMorgan Chase & Co and its affiliates
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 Shareholding 22/06/2009
2. The change in the percentage level From 6.97 % To 7.40 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

On 18 June 2009, JPMorgan Chase & Co., through its subsidiaries, sold 1,980,000 shares. Pursuant to a Share Lending Agreement between Yanlord Holdings Pte. Ltd. and J.P. Morgan (S.E.A.) Limited, a wholly owned subsidiary of JPMorgan Chase & Co and its affiliates, dated 17 June 2009, Yanlord Holdings Pte. Ltd. has on 22 June 2009 transferred 110,000,000 shares to J.P. Morgan (S.E.A.) Limited and accordingly, J.P. Morgan (S.E.A.) Limited now has a direct interest in such shares. Yanlord Holdings Pte. Ltd. has also on 22 June 2009 transferred 10,000,000 shares to J.P. Morgan (S.E.A.) Limited in connection with the placement announced on 18 June 2009 (the "Placement"), such shares to be credited by J.P. Morgan (S.E.A.) Limited to placees pursuant to the Placement.
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 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 0 127,567,000
As a percentage of issued share capital 0 % 6.97 %
No. of shares held after the change 0 135,587,000
As a percentage of issued share capital 0 % 7.40 %
Footnotes The Share Lending Agreement between Yanlord Holdings Pte. Ltd. and J.P. Morgan (S.E.A.) Limited was entered into to facilitate the placement of 110,000,000 shares by Yanlord Land Group Limited as detailed in the announcement dated 18 June 2009.

Percentages of issued share capital are computed based on 1,831,334,476 issued shares of Yanlord Land Group Limited as at 22 June 2009.

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