Cambridge – SGX

CIT ACQUIRES THREE PROPERTIES FOR A TOTAL OF S$108.5 MILLION

The Proposed Acquisition

Cambridge Industrial Trust Management Limited (the “Manager”), the Manager of
Cambridge Industrial Trust (“CIT”), has identified the following Properties to be acquired by CIT (collectively known as the “Acquisitions”).

– 1 Tuas Avenue for a purchase price of S$32,500,000. DPU Impact : +0.0597 cents⁽²⁾;

– 120 strata units of Enterprise Hub located at 48 Toh Guan Road East for a purchase
price of S$71,000,000. DPU Impact : +0.0937 cents⁽²⁾; and

– Natural Cool Building located at 81 Defu Lane 10 for a purchase price of S$5,000,000. DPU Impact : +0.0077 cents⁽²⁾

⁽²⁾ Based on simple annualisation on the audited results for the financial period ended 31 December 2006 and the assumption that CIT had purchased, held and operated the respective property for the same annualised period based on long term gearing ratio of 40%.

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Source : SGX