Further to the announcement on 7 September 2007 issued by UBS AG, acting through its business group, UBS Investment Bank, in respect of, inter alia, the exercise of the overallotment
option granted by Parkway Investments Pte Ltd in connection with the initial public offering of Parkway Life Real Estate Investment Trust (“Parkway Life REIT”), Parkway Trust Management Limited, the Manager of Parkway Life REIT, wishes to announce that pursuant thereto, the Joint Lead Underwriters have today completed the settlement for the exercise of the over-allotment option of 11,097,000 Units granted by Parkway Investments Pte Ltd.

Pursuant to the exercise of the over-allotment option by the Joint Lead Underwriters, Parkway Investments Pte Ltd holds 213,257,000 Units (approximately 35.46% of the total issued Units
in Parkway Life REIT).

Citigroup Global Markets Singapore Pte. Ltd. and UBS AG, acting through its business group, UBS Investment Bank, were the joint global co-ordinators, joint bookrunners and joint lead
underwriters to the initial public offering of Parkway Life REIT.