ACQUISITION OF FURTHER UNITS IN HEKTAR REAL ESTATE INVESTMENT TRUST IN MALAYSIA

1. In its announcement dated 5 June 2007, Frasers Centrepoint Asset Management Ltd., as manager of Frasers Centrepoint Trust (“FCT”, and manager of FCT, the “Manager”), announced that HSBC Institutional Trust Services (Singapore) Limited, as trustee of FCT, had acquired 86,400,000 units in Hektar Real Estate Investment Trust (“H-REIT”, and units in H-REIT, “H-REIT Units”), representing 27.0% of the total issued and outstanding H-REIT Units.

2. Pursuant to Rule 704(15)(d) of the Listing Manual, the Manager is pleased to announce the acquisition by FCT of a further 13,000,000 H-REIT Units (“Additional Units”), thereby increasing FCT’s unitholding in H-REIT to 31.06%. The purchase consideration was at RM1.33 per H-REIT Unit at an aggregate purchase consideration of RM17.29 million. The purchase consideration was arrived at on a “willing buyer, willing seller” basis.

3. The acquisition of the Additional Units is funded, at least initially, wholly with debt, save for the acquisition fee payable to the Manager, computed as one percent (1.0%) of the purchase consideration of the Additional Units, which is to be satisfied in the form of FCT units issued to the Manager at the prevailing market price.