In relation to the initial public offering of units in Cambridge Industrial Trust, the Joint Global Coordinators were ABN AMRO Rothschild and CLSA Merchant Bankers Limited, and the Joint Lead Underwriters and Bookrunners were ABN AMRO Rothschild and CLSA Singapore Pte Ltd.

Cambridge Industrial Trust Management Limited (“CITM”), the Manager of Cambridge Industrial Trust (“CIT”), wishes to announce that 801,493 new units in CIT (“Units”) have been issued to CITM on 12 October 2007. The Units were issued at an issue price of $0.8099 per Unit, in lieu of the payment of 97% of the base fee (“Base Fee”) component of the management fee in respect of the initial portfolio of 27 properties to CITM for the period from 1 July 2007 to 30 September 2007.

The Base Fee is defined in the trust deed constituting CIT (the “Trust Deed”) as 0.5% per annum of the value of the deposited property. In accordance with the Trust Deed, the issue price was determined based on the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited, in the ordinary course of trading, for 10 business days immediately preceding the relevant business day.

The Manager has elected to receive 97% of the Base Fee in Units as disclosed in the section entitled “The Manager and Corporate Governance” on page 224 of CIT’s prospectus dated 14 July 2006 issued in connection with the initial public offering of Units.

Following the above issue of Units, the total Units in issue is 515,305,653 of which CITM’s holding is 3,851,099.