Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackNov 25, 2008
Part I
1. Date of notice to issuer 21/11/2008
2. Name of Substantial Shareholder Indus Capital Partners, LLC
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 19/11/2008
2. The change in the percentage level From 5.01 % To 4.81 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Sale of 0.19% of MacarthurCook Industrial REIT's units, resulting in an aggregate interest of 4.81% held by Indus Asia Pacific Master Fund, Ltd and Indus Pacific Smaller Companies Master Fund, Ltd which are managed by Indus Capital Partners, LLC.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: A series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 13,074,000
As a percentage of issued share capital 0 % 5.01 %
No. of shares held after the change 0 12,574,000
As a percentage of issued share capital 0 % 4.81 %

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