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

BackMar 04, 2008
Part I
1. Date of notice to issuer 04/03/2008
2. Name of Substantial Shareholder MacarthurCook 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 03/03/2008
2. The change in the percentage level From 6.18 % To 7.10 %
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"). MacarthurCook Limited ("MCK") is deemed to have an indirect itnerest in the units held by MCKFM because MCK has a direct interest of 100% in MCKFM.

MIF purchased on market on 3 March 2008, 437,000 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, MCK is deemed to have an aggregate interest of 437,000 units or 7.10% 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: 27 February 2008 - MIF purchased on market 1,177,000 units. 28 February 2008 - MIF purchased on market 409,000 units. 29 February 2008 - MIF purchased on market 382,000 units.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 6,000,000 10,114,751
As a percentage of issued share capital 2.30 % 3.88 %
No. of shares held after the change 6,000,000 12,519,751
As a percentage of issued share capital 2.30 % 4.80 %

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