Ascendas India Trust

Notice Of A Substantial Shareholder's Interest

BackJun 02, 2008

Part I

Date of notice to issuer

02/06/2008

Name of Substantial Shareholder

Lion Global Investors Limited

Notice Type

Notice of a New Substantial Shareholder's interest.

Part II

Date of change of Deemed Interest

02/06/2008

Name of Registered Holder

See footnote below.

Circumstance(s) giving rise to the interest or change in interest

# Others

Lion Global Investors Limited manages discretionary fund management accounts and invests in units of Ascendas India Trust ("a-iTrust") for these accounts. On 2 June 2008, Lion Global Investors Limited commenced discretionary management of a block of 42,373,000 units in a-iTrust transferred by a client. Consequently, together with the existing units that it is managing, Lion Global Investors Limited has the discretion to exercise voting rights in respect of 54,169,000 units in a-iTrust and is deemed to be interested in the units.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change	11,796,000
As a percentage of issued share capital	1.56 %
No. of Shares which are subject of this notice	42,373,000
As a percentage of issued share capital	5.62 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Shares held after the change	54,169,000
As a percentage of issued share capital	7.18 %

Part III - Not Required

Part IV

Holdings of Substantial Shareholder, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	11,796,000
As a percentage of issued share capital	0 %	1.56 %
No. of shares held after the change	0	54,169,000
As a percentage of issued share capital	0 %	7.19 %
Footnotes	A. The names of the registered holders are: UOB Nominees Pte Ltd HSBC (Singapore) Nominees Pte Ltd Royal Bank of Canada (Asia) Ltd DBS Nominees Pte Ltd B. Where reference is made to shares, it refers to units in a-iTrust. C. The above percentages were computed based on 753,855,448 units issued as at 2 June 2008.