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58
REPORT
OF THE TRUSTEE
HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold
the assets of Macquarie MEAG Prime Real Estate Investment Trust (the “Trust”) and its subsidiaries (collectively, the
“Group”) in trust for the unitholders. In accordance with the Securities and Futures Act (Cap. 289), its subsidiary
legislation and the Code on Collective Investment Schemes (collectively referred to as the “laws and regulations”), the
Trustee shall monitor the activities of Macquarie Pacific Star Prime REIT Management Limited (the “Manager”) for
compliance with the limitations imposed on the investment and borrowing powers as set out in the trust deed dated
8 August 2005 (last amended and restated on 10 December 2007) between the Trustee and the Manager (the “Trust
Deed”) in each annual accounting period and report thereon to unitholders in an annual report which shall contain
the matters prescribed by the laws and regulations as well as the recommendations of Statement of Recommended
Accounting Practice 7 “Reporting Framework for Unit Trusts” issued by the Institute of Certified Public Accountants
of Singapore and the provisions of the Trust Deed.
To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Group during the year
covered by these financial statements, set out on pages 61 to 97, comprising the balance sheets of the Group and
the Trust, the investment properties portfolio statement of the Group, the statements of total return, distribution
statements and statements of movements in net assets attributable to unitholders of the Group and the Trust and
the cash flow statement of the Group, and the notes to the financial statements, in accordance with the limitations
imposed on the investment and borrowing powers set out in the Trust Deed, laws and regulations, and otherwise in
accordance with the provisions of the Trust Deed.
For and on behalf of the Trustee,
HSBC Institutional Trust Services (Singapore) Limited
Arjun Bambawale
Director
Singapore
5 March 2008