Holding(s) in Company

Alpha Tiger Property Trust Limited
08 June 2007


Form TR-1 with annex. FSA Version 2.1 updated April 2007



TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of         Alpha Tiger Property Trust Limited
existing shares to which voting rights are attached:


2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

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): Compliance with DTR Transitional Provision 7                   yes


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

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

5. Date of transaction (and date on which the          N/A - Disclosure made pursuant to DTR - TP 7
threshold is crossed or reached if different):


6. Date on which issuer notified:                                      8 June 2007

7. Threshold(s) that is/are crossed or reached:                            10%






8: Notified Details

A: Voting rights attached to shares


Class/type of    Situation previous to   Resulting situation after the triggering transaction
shares           the triggering
                 transaction
If possible use
ISIN code




                 Number of   Number of   Number of    Number of voting rights   Percentage of voting
                 shares      voting      shares                                 rights
                             rights

                                                      Direct       Indirect     Direct       Indirect
Ordinary Shares                          7,900,000               7,900,000                     11.8%



B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial   Expiration date     Exercise/           No. of voting rights that Percentage of
instrument                              conversion period/  may be acquired (if the   voting rights
                                        date                instrument exercised/
                                                            converted)







Total (A+B)


Number of voting rights                              Percentage of voting rights

7,900,000                                            11.8%


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





Proxy Voting:


10. Name of proxy holder:


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


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




13. Additional information:


14 Contact name:                                       Lars Bader

15. Contact telephone name:                            + 212 705-8800





For notes on how to complete form TR-1 please see the FSA website.


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