Singapore, 30 November 2009 – MacarthurCook Investment Managers (Asia) Limited, (the “Manager”), as manager of MacarthurCook Industrial REIT (“MI-REIT”) is pleased to announce the completion of its acquisition of 1A International Business Park, Singapore 609933 (“1A IBP”) from Eurochem Corporation Pte Ltd.

Drawdown of Bridge Loan
The acquisition was partly funded by the proceeds from a bridge loan of S$39.6 million (after debtrelated costs of S$0.3 million) from Standard Chartered Bank.

Use of Proceeds
The Manager is also pleased to announce that S$49.3 million of the gross proceeds of S$62.0 million from (i) the issuance of 78,571,429 AMP Capital Investment Units to AMP Capital Investors (Luxembourg No. 4) S.a.r.l. and (ii) the issuance of 142,857,143 Cornerstone Investment Units to the Cornerstone Investors on 24 November 2009, collectively the “Placements”, has been used as follows:
(a) S$48.5 million – partial financing of the acquisition of the acquisition of 1A IBP; and
(b) S$0.8 million – management, underwriting and selling commissions payable to the Joint Bookrunners and Underwriters in relation to the Cornerstone Investments.

The Manager will make further announcements via SGXNET when the remaining proceeds of the Placements are materially disbursed