Further to its announcements dated 9 December 2010 in relation to the launch of the private placement of 16,095,047 new units ("New Units") in Treasury China Trust ("TCT") at an issue price of S$1.66 per New Unit (the "Private Placement"), the Board of Directors of Treasury Holdings Real Estate Pte. Ltd., in its capacity as trustee-manager of TCT (the "Trustee-Manager"), is pleased to announce that approval in-principle has been obtained today from Singapore Exchange Securities Trading Limited (the "SGX-ST") for the listing and quotation of the New Units on the Main Board of the SGX-ST.
[The SGX-ST's approval in-principle is subject to, inter alia, compliance with the SGX-ST's listing requirements. The SGX-ST's approval in-principle is not to be taken as an indication of the merits of the Private Placement, the New Units and/or TCT.] [A&G Comment: to track wording of AIP letter.]