Further to the announcement of 10 April 2007, Macquarie Pacific Star Prime REIT Management Limited, as Manager of Macquarie MEAG Prime Real Estate Investment Trust (“MMP REIT”) is pleased to announce that the acquisition of the FLEG America-Bashi Building (now known as “Ebisu Fort”) was completed in Tokyo, Japan today. HSBC Institutional Trust Services (Singapore) Limited, as Trustee of MMP REIT (the “Trustee”), acquired Ebisu Fort from F.L.E.G. International Co., Ltd. (“FLEG”) through MMP REIT subsidiaries established in Singapore (namely, MMP REIT Japan SPC One Pte. Ltd. and MMP REIT Japan SPC Two Pte. Ltd.) and in Japan (namely MMP REIT One Tokutei Mokuteki Kaisha), for a total purchase price of ¥5,700 million (equivalent to approximately S$74.5 million). The purchase price and other acquisition costs have been fully funded by debt.

The construction of Ebisu Fort was completed in September 2007. The seven storey building includes two basement levels and is located in the Ebisu area, Shibuya-ku in Tokyo. Designed for office and retail use, Ebisu Fort is 100% master-leased and sub-tenants have commenced fitting-out.

FLEG has been appointed as the local asset manager of Ebisu Fort for a period of two years from completion, with the option for MMP REIT or its nominee to extend that appointment by another year.

With the completion of this acquisition, MMP REIT’s portfolio comprises ten assets located in Singapore, China and Japan, valued in aggregate at approximately S$1.9 billion.