Pursuant to Regulation 3(14) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006, we, the stabilising manager in respect of the Offering, hereby announce that we have ceased price stabilisation as of 7 August 2007.

In this respect, the over-allotment option granted by Ascendas Property Fund Trustee Pte. Ltd. to J.P. Morgan (S.E.A.) Limited, Citigroup Global Markets Singapore Pte. Ltd. and DBS Bank Ltd, has been exercised in full , in respect of 42,337,725 Units on 7 August 2007, solely for the purposes of covering the 42,337,725 Units which had been over-allotted in connection with the Offering.