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

BackApr 18, 2008
Part I
1. Date of notice to issuer 18/04/2008
2. Name of Substantial Shareholder UBS AG
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 17/04/2008
2. The change in the percentage level From 15.16 % To 14.77 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

The change is a result of the following:
(1) decrease in UBS proprietary positions;
(2) decrease in positions held on behalf of prime brokerage clients;
(3) decrease in discretionary positions held on behalf of UBS Global Asset Management's clients; and
(4) decrease in borrowed units in MacarthurCook Industrial REIT which carry voting rights.
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 10,422,000 29,112,261
As a percentage of issued share capital 4.00 % 11.16 %
No. of shares held after the change 10,022,000 28,498,724
As a percentage of issued share capital 3.84 % 10.93 %

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