For immediate release
31 March 2008

COMPLETION OF ACQUISITION OF 7 CLEMENTI LOOP

MacarthurCook Investment Managers (Asia) Limited (“MCKIM Asia”), the Manager of MacarthurCook Industrial REIT (“MI-REIT”), refers to its announcement on 30 August 2007 in relation to the acquisition of the property at 7 Clementi Loop.

The Manager is pleased to announce that the acquisition was completed today.