Date: 27 December 2007

Listing Circular

Subject : ARREIT-(I) ISSUANCE OF 148,617,021 NEW UNITS AT RM0.94 PER UNIT TO BE ISSUED PURSUANT TO THE ACQUISITIONS CONSISTING OF:-

(A) ACQUISITION OF AIC FACTORY FOR A PURCHASE CONSIDERATION OF RM19.2 MILLION TO BE SATISFIED BY THE ISSUANCE OF 20,425,532 NEW UNITS;
(B) ACQUISITION OF SILVERBIRD FACTORY FOR A PURCHASE CONSIDERATION OF RM92.0 MILLION TO BE SATISFIED BY THE ISSUANCE OF 97,872,340 NEW UNITS;
(C) ACQUISITION OF TAMADAM FOR A PURCHASE CONSIDERATION OF RM28.5 MILLION TO BE SATISFIED BY THE ISSUANCE OF 30,319,149 NEW UNITS ("ACQUISITIONS"); AND

(II) ISSUANCE OF 98,936,170 NEW UNITS IN ARREIT PURSUANT TO THE PLACEMENT ("PLACEMENT")

Contents :

Kindly be advised that ARREIT's additional 247,553,191 new units issued as follows:-

(i) 148,617,021 new units issued pursuant to the Acquisitions; and
(ii) 98,936,170 new units issued pursuant to the Placement

will be granted listing and quotation with effect from 9.00 a.m., Friday, 28 December 2007.

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