CIT RECEIVES STRONG SUPPORT FROM UNITHOLDERS FOR ITS EQUITY FUND RAISING

Singapore, 25 September 2007 – Cambridge Industrial Trust Management Limited (“CITM”), the manager of Cambridge Industrial Trust (“CIT”), is pleased to announce that the unitholders of CIT (“Unitholders”) have approved the issue of new units (the “New Units”) in CIT to raise gross proceeds of approximately S$193.9 million (the “Equity Fund Raising”). Three other resolutions have been passed at CIT’s extraordinary general meeting held this morning, including the approval of an interested party/person transaction (under the Property Fund Guidelines and the SGX-ST Listing Manual respectively), being the proposed acquisition of 1 Tuas Avenue 3 from C&P Asia Warehousing Pte Ltd (“C&P”). C&P is an indirect wholly-owned subsidiary of CWT Limited.

CIT will soon undertake an international roadshow in connection with its Equity Fund Raising, which will include meeting institutional investors in the United States. CIT believes that it will be the first Singapore REIT to offer its units into the United States in reliance of Rule 144A of the U.S. Securities Act of 1933. The proceeds will be used for the acquisition of 1 Tuas Avenue 3 and five other properties in Singapore, namely, 9 Bukit Batok Street 22, 7 Ubi Close, 120 Pioneer Road, 48 Toh Guan Road East (Enterprise Hub) and 23 Woodlands Terrace.

Following the EFR, CITM expects an annualised yield of 7.0% for 2007 and a projected yield of 7.2% for 2008(1). Mr Wilson Ang, CEO of CITM, said “CITM is very pleased to have the backing of CIT’s unitholders for our acquisitions and financing plans. We will be commencing our roadshow shortly, with a view to completing our offering before the end of October 2007”.

(1) Based on an illustrative issue price for the New Units of S$0.80 per unit and various assumptions contained in CIT’s circular to Unitholders dated 6 September 2007 for the forecast period from 18 September 2007 and ending 31 December 2007 and for the projection year from 1 January 2008 and ending 31 December 2008.