what a pure beast, page-8

Australand is one of Australia’s major diversified property groups, with activities across Australia covering development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties, and property management.

Australand was listed on the Australian and Singapore Stock Exchanges in June 1997 and was formed into a stapled group in November 2003 with the stapling of units in Australand Property Trust to the ordinary shares in Australand Holdings Limited. In October 2005, Australand Property Trust No.4 and Australand Property Trust No.5 were merged with Australand. As a result of this merger, Australand has four listed entities (namely Australand Holdings Limited, Australand Property Trust, Australand Property Trust No.4 and Australand Property Trust No.5) whose securities are stapled together and trade on the Australian Stock Exchange and Singapore Stock Exchange as the one stapled security.

Australand has been involved in property development for more than 80 years and Australand has progressively widened the scope of its activities to satisfy the needs of an ever changing and more sophisticated client base.

Australand has three operating divisions being Commercial and Industrial, Residential and Property Trusts. It employs approximately 650 people with operations in Sydney, Melbourne, South East Queensland and Perth and a sales office in Hong Kong servicing the Asian market. Following the sale of 11 industrial properties in late 2006. Australand now owns 47 income producing properties with an aggregate value of approximately $1.5 billion and development assets of approximately $1.8 billion.

As at February 2007, Australand had approximately 14,320 security holders and a market capitalisation of approximately $1.9 billion. Its major security holder is the Singapore based property group, CapitaLand Limited, which owns approximately 54% of the issued capital.