February 12, 2008   ALLCO REIT: Unveils Shareholders' Change of Interests Allco Commercial REIT disclosed a series of changes to its shareholders' stakes. Allco Singapore Investments Pte. Ltd., a substantial shareholder of the company now holds 115,160,019 direct shares with 16.131% issued share capital.  Prior to the change, Allco Singapore held 102,900,000 direct shares with 14.576% issued share capital. Moreover, Allco Singapore, Allco Finance Group Limited, Allco Finance (Australia) Limited and Allco International (Holdings) Limited now hold 121,986,502 deemed shares with 17.280% issued share capital.  Prior to the change, they 116,784,700 deemed shares with 16.666% issued share capital. Allco REIT is a Singapore-based real estate investment trust managed by Allco (Singapore) Limited. Listed in March 2006, it focuses on office and retail properties across Asia-Pacific, including investments and related activities in Singapore, Japan and Australia. As reported in the Troubled Company Reporter-Asia Pacific on February 4, 2008, Moody's Investors Service has downgraded Allco Commercial's corporate family rating to Ba1 from Baa3 and has continued to place the rating on review for possible downgrade.
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