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DEALINGS IN UNITS DURING THE CLOSED PERIOD OF AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")

AXIS REAL ESTATE INVESTMENT TRUST

Type

Announcement
SubjectDEALINGS IN UNITS DURING THE CLOSED PERIOD OF AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")

Contents :

Reference is made to the announcement released on 18 April 2007 on behalf of Alex Lee Lao, the Alternate Director of Axis REIT Managers Berhad ("ARMB" or "Company"), the management company of Axis-REIT, on the Proposed Dealings in Units during Closed Period.


Pursuant to Paragraph 14.08(c) of the Listing Requirements of Bursa Malaysia Securities Berhad, ARMB wishes to inform that Alex Lee Lao has dealt in the units of Axis-REIT during closed period. The details of the dealings are as follows:-

a) Date of Dealings : 18 May 2007
b) Consideration Price : RM1.93/unit
c) No. of units disposed and % : 1,000,000 ( 0.49 %)
d) Balance of units:

Name of Alternate Director
Direct
Indirect
No. of Units
%
No. of Units
%
Alex Lee Lao
    6,700,000
3.25
      36,600,000*
17.78

* Deemed interested through his shareholdings in Axis Equities Sdn Bhd^ and Crystal Properties Sdn Bhd, a unitholder of Axis-REIT

^ Axis Equities Sdn Bhd is the ultimate holding company of T.S. Property Development Sdn Bhd. T.S. Property Development Sdn Bhd has a substantial interest in Axis Development Sdn Bhd which in turn has substantial interest in Baiduri Kemas Sdn Bhd, a substantial unitholder of Axis-REIT


Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced18 May 2007  
CategoryGeneral Announcement
Reference NoCC-070518-ED6D2





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