MACARTHURCOOK GROUP EXPANDS TEAM

Singapore, 1 October 2007 – Australian Securities Exchange listed MacarthurCook
Limited (ASX Code: MCK) is pleased to announce the appointment of the following senior
executives:

Ms Philippa Marshall has been appointed to Head of Legal & Compliance and will have global responsibility for all legal and compliance matters. In addition she will be Company Secretary of MacarthurCook Limited and MacarthurCook Fund Management Limited, the responsible entity of the MacarthurCook Property Securities Fund (ASX code: MPS) and MacarthurCook Asian Real Estate Securities Fund (ASX code: MSAS). Ms Marshall was previously General Manager Legal & Compliance of VicTrack and prior to this a partner of leading legal firm Blake Dawson Waldron.

Mr Andrew Bygrave has been appointed Head of Institutional Business for the MacarthurCook Group and will have international responsibility for investor relations, coordination of capital raisings, marketing and public relations. Mr Bygrave has over 10 years Investment Banking experience in corporate finance and legal. Mr Bygrave was previously Vice President at Deutsche Bank in Hong Kong, Vice President & Counsel with Credit Suisse in Australia and Legal Manager at Citigroup in London.

Mr Stuart Milham has been appointed to Joint Fund Manager of the MacarthurCook Industrial Property Fund. Mr Milham will also be involved with assisting SGX listed MacarthurCook Industrial REIT (SGX Code: MacCookIReit) on acquisitions, as well as driving acquisition of industrial assets in Europe and North America. Mr Milham has more than 16 years commercial and legal experience in the property industry. Most recently Mr Milham was Senior Legal Counsel at Austock Property Funds Management Limited where he was involved in property acquisitions, due diligence, leasing, financial structuring, capital raising and corporate advice in relation to the $300m ASX listed Australian Education Trust and a portfolio of industrial, hotel and infrastructure properties.

The MacarthurCook Industrial REIT team has expanded with the appointment of two new acquisition managers:

Mr Andrew Chee Chin Leong has been appointed as an acquisition manager to acquire property assets across Asia for MI-REIT. Mr Chee has over 13 years professional experience in property consultancy, valuation and business development.

Mr Alan Wong Peng How has been appointed as an acquisition manager to acquire property assets across Asia for MI-REIT. Mr Wong has over 12 years experience in business development with 7 years in the real estate industrial sector. Mr Wong was previously an Investment Manager with a leading industrial real estate developer.

We are pleased to announce the appointment of Ms Nancy Tan as Acting Fund Manager of MI-REIT, replacing Ms Christine Mount who will leave her current role effective 23 October 2007. Ms Tan, who is currently serving as Senior Asset Manager of MI-REIT, has more than 20 years experience in the commercial real estate and asset management industry and has held senior management roles with one of Singapore’s largest real estate developers. She has managed a portfolio of commercial assets in excess of $S1.0 billion.

As the MacarthurCook Group looks to expand its presence in Asia and Europe it is anticipated that further senior appointments will be made over the coming months.