MacarthurCook Industrial REIT Granted 60 Day Extension In Relation To Its Debt Refinance

MacarthurCook Investment Managers (Asia) Limited wishes to announce that its existing lenders, National Australia Bank Limited and Commonwealth Bank of Australia Limited, have granted MI-REIT a 60 day extension in relation to its existing S$220.8 million facility (the "Facility") which matures on 18 April 2009.

This extenstion is subject to documentation and satisfaction of certain conditions which are within the control of MI-REIT. With this extension, the Facility will be due on 16 June 2009.

The Manager remains in advanced negotiations with its lenders in relation to the refinance of the Facility.

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