Reits look good, for now

[newborn1000]

Singapore, 29 November 2010 , ARA Trust Management (Suntec) Limited, as manager of Suntec
REIT (the "Manager"), is pleased to announce that the private placement of 313 million new units in
Suntec REIT ("New Units", and the private placement of New Units, the "Private Placement") have
been fully subscribed at an issue price of S$1.37 per New Unit (the "Issue Price"). The Issue Price
represents a discount of 4.02% to the volume weighted average price of S$1.4274 per unit in Suntec
REIT ("Unit") and 2.88% to the adjusted volume weighted average price1 of S$1.4106 per Unit for
trades done for the full market day on 26 November 2010.
The net proceeds from the Private Placement which amount to approximately S$417.9 million will be
used to partially finance the acquisition of a one-third interest in Marina Bay Financial Centre Towers 1
and 2 and the Marina Bay Link Mall (the "Acquisition"). The Manager has on 26 November 2010
obtained the approval of unitholders of Suntec REIT ("Unitholders") at an extraordinary general
meeting for the Acquisition.
Mr. Yeo See Kiat, Chief Executive Officer of the Manager, said, "We are delighted to receive such a
strong response for the Private Placement priced at a tight discount of 2.88% to the adjusted volume
weighted average price, following an accelerated book building process today."



Dont really like Reits, see the above, just the tip of the iceberg of private placement

Sometimes, they get a private placement without buying anything.......

So, not my cup of tea.........