SINGAPORE LAND LIMITED: NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
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 Broacast	11-Sep-2008 17:06:00
Announcement No.	00020
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	10/09/2008
2. Name of Substantial Shareholder *	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
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. 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 N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	09/09/2008
2. The change in the percentage level	From 7.01 % to 8.11 %
3. Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The increase in Silchester's holdings was due to a series of transactions over a series of different trading days. Details of the number of shares held before the change (shown in part IV, Section 1 below), represent the shares held by Silchester's clients as of the date of Silchester's last Notice of Substantial Shareholder's Interest and not as of the last trading day before which this disclosure level was triggered.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	28,902,000	0
As a percentage of issued share capital	7.01 %	0 %
No. of shares held after the change	33,448,000	0
As a percentage of issued share capital	8.11 %	0 %

Footnotes

The above percentages are computed based on 412,477,559 shares issued as of 9 September 2008.