MI-REIT – SGX

MI-REIT ACQUIRES 15 TAI SENG DRIVE FOR S$28.9 MILLION

– Increases FY2008 DPU by 0.33 cents to 7.75 cents per unit and FY2009 DPU by 0.35 cents to 7.94 cents per unit
– MI-REIT’s total property investments increase to approximately S$529.8 million

Singapore, 29 October 2007 – MacarthurCook Investment Managers (Asia) Limited (“MCKIM Asia”), the Manager of MacarthurCook Industrial REIT ( “MI-REIT”), is pleased to announce that MI-REIT, through its Trustee, HSBC Institutional Trust Services (Singapore) Limited ( the “Trustee”), has signed a Sale and Purchase Agreement (the “Agreement”) to acquire a warehouse building from Ascendas Global Gateway Pte Ltd ( the “Vendor” ) for a total consideration of S$28.9 million.

The property at 15 Tai Seng Drive, also known as the Axis Industrial Building, (the “Property” ) will continue to be leased to its existing tenants, who are: