Parkway Life – SGX

THE INITIAL PUBLIC OFFERING (THE “OFFERING”) OF UNITS (THE “UNITS”) IN PARKWAY LIFE REAL ESTATE INVESTMENT TRUST (THE “REIT”)

UBS AG, acting through its business group, UBS Investment Bank, as stabilising manager designated in connection with the initial public offering of the REIT, wishes to announce that it has as of 6 September 2007 ceased to undertake any stabilisation action.

UBS AG, acting through its business group, UBS Investment Bank has exercised the over-allotment option granted by Parkway Investments Pte Ltd in part on 6 September 2007, in respect of 11,097,000 Units, solely for the purposes of covering the balance of the 11,097,000 Units which had been overallocated in connection with the Offering, and which were not covered by purchases made under the price stabilising action.

Source : SGX