Singapore, 15 June 2007 – MacarthurCook Investment Managers (Asia) Limited (the “Manager”), the Manager of MacarthurCook Industrial REIT (“MI-REIT”) announced today that the High Court of Singapore (‘High Court”) had dismissed its Originating Summons in respect of MI-REIT’s proposed acquisition of Liang Huat Industrial Complex (“Liang Huat”).

As disclosed in its prospectus, MI-REIT and the Trustee had sought to set aside termination of the Put and Call Option Agreement by the vendor of Liang Huat.

Chris Calvert, Chief Executive Officer of the Manager, said, “We are extremely disappointed with the result and are presently working through the judgment in detail, and considering any avenues of appeal that might be open to us, in conjunction with our lawyers. Any decision will be based on what we consider to be in the best interests of MI-REIT’s investors.”

The Manager confirmed that the outcome of the proceedings was not expected to have a material impact on the financial performance or results of MI-REIT.

Source : SGX