Cambridge – SGX

APPROVAL IN-PRINCIPLE FOR THE LISTING OF NEW UNITS

Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial
Trust (“CIT”, and manager of CIT, the “Manager”), is pleased to announce that approval in-principle has been obtained from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 4 September 2007 for the listing and quotation of up to 285,119,729 new units in CIT (the “New Units”) on the Main Board of the SGX-ST which are proposed to be issued under an equity fund raising which is proposed to be carried out by CIT (the “Equity Fund Raising”).

The purpose of the Equity Fund Raising is to raise gross proceeds of up to approximately S$193.9 million to finance the acquisition of six properties, namely, 1 Tuas Avenue 3, 7 Ubi Close, 9 Bukit Batok Street 22, 120 Pioneer Road, Enterprise Hub(1), 23 Woodlands Terrace (including costs associated with such acquisitions) and to potentially retire part of CIT’s existing debt obligations, with the balance of the proceeds to be utilised for general corporate and working capital purposes.

The SGX-ST’s approval in-principle is not an indication of the merits of the Equity Fund Raising, the New Units or CIT.

Details of the Equity Fund Raising will be set out in a circular (the “Unitholders Circular”) which will be dispatched to the unitholders of CIT shortly for the purpose of seeking their approval for the proposed acquisition and lease of 1 Tuas Avenue 3, the proposed issue of New Units under the Equity Fund Raising, the proposed placement of New Units to the directors of the Manager and the proposed general mandate for the issue of new Units.

Source : SGX