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

BackMar 11, 2008
Part I
1. Date of notice to issuer 11/03/2008
2. Name of Substantial Shareholder MacarthurCook Fund 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 07/03/2008
2. The change in the percentage level From 5.11 % To 6.15 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

MacarthurCook Fund Management Limited ("MCKFM") is the responsible entity for the MacarthurCook Industrial Property Fund ("MIF").

MIF purchased on market on 7 March 2008, 2,727,000 units in MI-REIT in accordance with the investment strategy for MIF as disclosed in the MIF Product Disclosure Statement issued 16 October 2007. As a result of this acquisition, MCKFM is deemed to have an aggregate interest of 16,039,000 units or 6.15% of issued share capital.
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 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 13,312,000
As a percentage of issued share capital 0 % 5.11 %
No. of shares held after the change 0 16,039,000
As a percentage of issued share capital 0 % 6.15 %

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