MAS IMPOSES COMPOSITION AMOUNT OF $2,500 ON THE CAPITAL GROUP COMPANIES, INC FOR FAILING TO NOTIFY THE SECURITIES EXCHANGE TRADING LIMITED [“SGX-ST”] AND THE TRUSTEE OF CAMBRIDGE INDUSTRIAL TRUST OF CHANGES IN SUBSTANTIAL UNITHOLDINGS

1  On 27 Mar 2007, The Capital Group Companies, Inc [“CGC”] paid a composition amount of S$2,500 for breaching sections 137A and 137B of the Securities and Futures Act, which requires substantial unitholders to notify the securities exchange and the trustee of the real estate investment trust [“REIT”] respectively of changes in unitholdings.

2  On 25 Jul and 22 Aug 2006, CGC failed to notify SGX-ST and the trustee of Cambridge Industrial Trust [“CIT”] of its direct unitholding changes in CIT. As a result, the trustee of CIT was unable to disseminate the information to the market as required under Rule 704(3) of the SGX Listing Manual.

Substantial unitholders of a REIT should notify the securities exchange and the trustee of changes in their unitholdings in a timely manner. This is necessary for the proper functioning of a fair, efficient and transparent market.