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

BackAug 04, 2008
Part I
1. Date of notice to issuer 04/08/2008
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 01/08/2008
2. The change in the percentage level From 8.54 % To 7.97 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Lion Global Investors Limited (previously known as Lion Capital Management Limited) manages discretionary fund management accounts and invests in units of MacarthurCook Industrial REIT for these accounts. In the week ended 1 August 2008, 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 22,274,000 units (reported on 13 February 2008) to 20,825,000 units as at 1 August 2008. Lion Global Investors Limited is deemed to be interested in 22,274,000 units 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 not 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 22,274,000
As a percentage of issued share capital 0 % 8.54 %
No. of shares held after the change 0 20,825,000
As a percentage of issued share capital 0 % 7.97 %

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