Aseana Prop. Regulatory News (ASPL)

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Aseana Properties Ltd.

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

LIM Asia Multi-Strategy Fund Inc. and LIM Asia Special Situations Master Fund Limited

4. Full name of shareholder(s) (if different from 3):

5. Date of transaction (and date on which the threshold is crossed or reached if different):

20 Feb 2013

6. Date on which issuer notified:

21 Feb 2013

7. Threshold(s) that is/are crossed or reached:

6%, 7%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary shares

(ASPL LN)

10,609,160

10,609,160

16,109,160

7.60%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration price

Expiration date

Excercise/Conversion period

No. of voting rights instrument refers to

Percentage of voting rights

Nominal

Delta

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

16,109,160

7.60%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

LIM Advisors Limited acts as investment manager for LIM Asia Multi-Strategy Fund Inc. and LIM Asia Special Situations Master Fund Limited (the "Funds"). The Funds collectively (currently) hold more than seven per cent of the shares of the listed company through open market purchase.

LIM Advisors Limited has indirect interest by virtue of its rights over the shares as investment manager of the Funds.

Proxy Voting:

10. Name of proxy holder:

LIM Advisors Limited

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14 Contact name:

Ben Mak

15. Contact telephone name:

852 2533 0964