AIMSAMPIREIT – SGX

Announcement of Litigation against Nova Engineering & Logistics Pte. Ltd.

AIMS AMP Capital Industrial REIT Management Limited, as manager (the “Manager”) of AIMS AMP Capital Industrial REIT (the “Trust”), wishes to announce that the Trust has commenced legal proceedings in the High Court of Singapore (the “Suit”) against its former tenant, Nova Engineering & Logistics Pte. Ltd. (“NEL”) for NEL’s breaches of a lease agreement (the “Lease”) entered into with the Trust in relation to 7 Clementi Loop, Singapore 129811 (the “Property”).

The Trust took possession of the Property on 9 March 2010 after the Lease was terminated following NEL’s breaches of the Lease. Since the termination of the Lease, the Manager has re-leased the Property to new tenants. The Property is currently 86.0% occupied.

The Manager has been advised by its solicitors of the Trust’s strong merits in the Suit and will announce further updates as and when material developments concerning the Suit arise.

The Manager does not expect the Suit to have a material impact on the earnings of the Trust as the income from NEL under the Lease represented approximately 2.8% of the Trust’s rental income for the quarter ended 31 March 2010. The loss has been mitigated by the Manager’s leasing efforts to re-lease the Property as described above. A bank guarantee equivalent to two years’ rental income held as rental deposit in relation to the Lease has already been called.