ASCENDAS INDIA TRUST: 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 *	ASCENDAS INDIA TRUST
Company Registration No.	NA
Announcement submitted on behalf of	ASCENDAS INDIA TRUST
Announcement is submitted with respect to *	ASCENDAS INDIA TRUST
Announcement is submitted by *	Mary J. de Souza
Designation *	Company Secretary
Date & Time of Broacast	22-Dec-2008 18:26:58
Announcement No.	00083
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	22/12/2008
2. Name of Substantial Shareholder *	Jurong Town Corporation ("JTC")
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 Deemed Interest	22/12/2008
2. The change in the percentage level	From 17.13 % to 24.88 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	(i) Open market purchases by Ascendas Land International Pte Ltd ("ALI"), an indirect wholly-owned subsidiary of JTC; and (ii) a block purchase of 52,000,000 Units ("Sale Units") beneficially owned by General Electric Capital Corporation (the Sale Units are registered in the name of Citibank Nominees Singapore Pte Ltd as depositary agent) by ALI, pursuant to a sale and purchase agreement dated 18 December 2008.
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 the transactions referred to in Part III (3) above.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	128,883,669
As a percentage of issued share capital	0 %	17.13 %
No. of shares held after the change	0	187,983,713
As a percentage of issued share capital	0 %	24.88 %

Footnotes

A. Where reference is made to shares, it refers to units in Ascendas India Trust ("a-iTrust"). B. The percentages before the change were computed based on 752,055,643 units in issued as at 30 January 2008. C. The percentages after the change were computed based on 755,514,687 units in issued as at 22 December 2008. D. JTC is deemed to be interested in the units held by Ascendas Property Fund Trustee Pte Ltd and ALI, the trustee-manger of a-iTrust and the sponsor of a-iTrust respectively, by virtue of the operation of Section 7 of the Singapore Companies Act, Cap. 50.