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

BackNov 10, 2008
Part I
1. Date of notice to issuer 10/11/2008
2. Name of Substantial Shareholder Lion Global Investors Limited (formerly known as Lion Capital Management Limited)
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 07/11/2008
2. The change in the percentage level From 7.30 % To 6.98 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Lion Global Investors Limited manages discretionary fund management accounts and invests in units of MacarthurCook Industrial REIT for these accounts. There were sales of units and the aggregate holding of the accounts which give Lion Global Investors Limited the discretion to exercise voting rights has been reduced from 19,064,000 units to 18,225,000 units as at 7 November 2008. Lion Global Investors Limited is deemed to be interested in 18,225,000 units (6.98% deemed interest) in the capital of MacarthurCook Industrial REIT.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of 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 19,064,000
As a percentage of issued share capital 0 % 7.30 %
No. of shares held after the change 0 18,225,000
As a percentage of issued share capital 0 % 6.98 %

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