AIMS AMP CAPITAL INDUSTRIAL REIT PRIVATE PLACEMENT TO RAISE MINIMUM GROSS PROCEEDS OF S$43.5 MILLION

• Private Placement to raise minimum gross proceeds of S$43.5 million
• New Units to be offered at between S$0.1976 and S$0.2041 per New Unit
• Proceeds from the Private Placement to be used to fund the acquisition of a property located at 29 Woodlands Industrial Park E1, Singapore 757716 (“NorthTech” (the “Acquisition”))

Overview of Acquisition
NorthTech is a four-storey high technology light industrial building with basement car park located in the northern part of Singapore at the corner of Admiralty Road West and Woodlands Avenue 8 and is easily accessible by the Seletar Expressway and the Admiralty MRT Station. Surrounding developments are predominantly industrial in nature, comprising purpose-built factories and ramp-up and terrace factories. The property is primarily used for office and warehouse and has an occupancy rate of 98.3% as at 1 January 2011 with a total gross rental of S$1.8 million from 1 October 2010 to 31 December 2010. NorthTech is a multi-tenancy building and a majority of the tenants are in the engineering and technology sector,for example, Broadcom, Nikon Precision and Schmidt Electronics.

Title: URA leasehold estate with a remaining land tenure of approximately 44.0 years
Land area: 197,691 square feet (“sq ft”)
Net lettable area: 390,130 sq ft
Gross floor area: 489,560 sq ft

Merits of the Acquisition and Private Placement

(i) Acquisition of a High Quality Asset
NorthTech has a weighted average lease expiry of 3.5 years as at 31 December 2010.
The initial net property income yield (“NPI Yield”) for NorthTech is 7.6%. This
compares favourably with the NPI yield of AIMSAMPIREIT’s current portfolio of 7.2%.

(ii) AIMSAMPIREIT will have readily available financing to capitalise on growth
opportunities.
With the proposed Acquisition, AIMSAMPIREIT was able to secure the Acquisition
Loan Facility from SCB. Upon completion of the Acquisition and the sale of 23 Changi South Avenue 2 (“KTL”), based on the Minimum Issue Price, AIMSAMPIREIT will have a total of S$37.6 million in undrawn debt facilities.
Following the completion of the Acquisition and the sale of KTL, AIMSAMPIREIT’s
Aggregate Leverage is expected to be 33.6%, which is below the maximum Aggregate Leverage of up to 60.0% permitted by the Monetary Authority of Singapore (the “MAS”) for real estate investment trusts in Singapore.

(iii) Possible increase in trading liquidity of Units.
The New Units to be issued pursuant to the Private Placement will increase the number of Units in issue by 219,989,907 Units, which is an increase of 11.1% of the total number of Units in issue as at 31 December 2010.

Advanced Distribution
AIMSAMPIREIT’s policy is to distribute its distributable income on a quarterly basis to Unitholders.

In connection with the Private Placement, the Manager however intends to declare in respect of the Units in issue immediately prior to the issue of the New Units (“Existing Units”), a distribution of the distributable income of AIMSAMPIREIT for the period from 1 January 2011 to the day immediately prior to the date the New Units are issued pursuant to the Private Placement (the “Advanced Distribution”).

The next distribution thereafter will comprise AIMSAMPIREIT’s distributable income for the period from the day the New Units are issued pursuant to the Private Placement to 31 March 2011. Quarterly distributions will resume thereafter.

The Advanced Distribution is intended to ensure that the distributable income of AIMSAMPIREIT accrued up to the day immediately preceding the date of issue of the New Units (which at this point, will be entirely attributable to the Existing Units) is only distributed in respect of the Existing Units, and is being proposed as a means to ensure fairness to holders of the Existing Units.

The current expectation of the Manager is that the quantum of the distribution per Unit (“DPU”) under the Advanced Distribution will be approximately 0.285 cents per Unit, estimated based on actual revenue and expenses for the three months ended 31 December 2010. The actual quantum of the DPU under the Advanced Distribution will be announced on a later date after the management accounts of AIMSAMPIREIT for the relevant period have been finalised.