Further to the announcement dated 22 June 2009 made by YTL Pacific Star REIT Management Limited, as manager of Starhill Global Real Estate Investment Trust (“Starhill Global REIT” and as manager of Starhill Global REIT, the “Manager”), in connection with the proposed fully underwritten renounceable rights issue (the “Rights Issue”) of 963,724,106 new units in Starhill Global REIT (“Rights Units”), the Manager wishes to announce that the Transfer Books and Register of unitholders of Starhill Global REIT (“Unitholders”) will be closed on 21 July 2009 at 5.00 p.m. (the “Rights Issue Books Closure Date”) for the purpose of determining the provisional allotments of Rights Units of Eligible Unitholders1 under the Rights Issue.

In connection with the Rights Issue, Eligible Unitholders will receive their provisional allotments of Rights Units on the basis of one Rights Unit for every one existing Unit2 held by each Eligible Unitholder as at the Rights Issue Books Closure Date.

Starhill Global REIT’s current policy is to distribute its distributable income on a quarterly basis to Unitholders. The Rights Units will, upon allotment and issue, rank pari passu in all respects with the existing Units in issue as at the date of issue of the Rights Units, including the right to any distributions which may accrue for the period from 1 July 2009 to 30 September 2009 as well as all distributions thereafter.