Allco – SGX

Press Release:

Allco (Singapore) Limited (“Manager” or “Allco Singapore”), the manager of Allco Commercial Real Estate Investment Trust (“Allco REIT”) (SGX: ALLC) refers to the media release issued by Moody’s Investors Service, Inc. (“Moody’s”) in relation to Allco REIT on 18 March 2008. The Manager confirms that today Moody’s downgraded Allco REIT’s corporate family rating one level to Ba2 from Ba1 and has continued to place the rating on review.