MMP – SGX

CLARIFICATION OF BLOOMBERG AND OTHER PRESS REPORTS DATED 8 JANUARY 2008

Macquarie Pacific Star Prime REIT Management Limited (the “Manager”), as Manager of Macquarie MEAG Prime Real Estate Investment Trust (“MMP REIT”), wishes to clarify statements made in reports published by Bloomberg, Business Times and various other press sources today (the “Reports”).

The Manager is always evaluating sources of funding and other means of effective capital management for MMP REIT. Reference should be made to the SGX-ST announcement released by the Manager on SGXNET today in respect of the medium term note programme (the “MTN Programme”) established for and on behalf of MMP REIT. Whilst the Manager is considering raising debt capital for MMP REIT in the near future (which may be by way of a bond issuance, in conjunction with the MTN Programme or otherwise), no definitive agreements or terms have yet been finalised, in the manner the Reports would suggest or otherwise.

In the event of any material developments in this respect, the Manager would issue the appropriate announcements in compliance with the listing rules of the SGX-ST.

Source : SGX