CITY DEVELOPMENTS 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 *	CITY DEVELOPMENTS LIMITED
Company Registration No.	196300316Z
Announcement submitted on behalf of	CITY DEVELOPMENTS LIMITED
Announcement is submitted with respect to *	CITY DEVELOPMENTS LIMITED
Announcement is submitted by *	Enid Ling Peek Fong
Designation *	Company Secretary
Date & Time of Broacast	19-Jan-2010 12:37:25
Announcement No.	00027
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	18/01/2010
2. Name of Substantial Shareholder *	Credit Suisse AG
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	14/01/2010
2. The change in the percentage level	From 16.1031 % to 15.9879 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	(a) Sale of 1,093,300 shares by Aberdeen Asset Management plc and its subsidiaries ("Aberdeen"). By virtue of Section 7(4A) of the Companies Act (Chapter 50), Credit Suisse AG is deemed to have an interest in the shares held by Aberdeen. (b) an affiliate's purchase of 46,000 shares.
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 the circumstance(s) mentioned above.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	146,425,872
As a percentage of issued share capital	0 %	16.1031 %
No. of shares held after the change	0	145,378,572
As a percentage of issued share capital	0 %	15.9879 %

Footnotes

Percentages indicated in this notice refer to the percentage of issued ordinary shares of the Company. % of issued ordinary shares before / after the change is based on 909,301,330 ordinary shares as at 14 January 2010.