Maple Tree: MREAM Fund : Mezzanine Financing

Welcome to Mapletree Mapletree Real Estate Mezzanine Fund I Institutional investors who are seeking a consistent and high current yield will welcome news that Mapletree is planning to launch an Asia-wide property-linked financial products fund to be called Mapletree Real Estate Mezzanine Fund I ("MREM I"). Unlike existing REITs, this closed-end fund will invest unitholders' investments in property-linked financial products, such as high-yield loans, mortgage-backed securities and other REITs, both in Singapore and across Asia. Mapletree will manage MREM I and will be a major investor in the fund. Mapletree is presently raising third party institutional capital for MREM I and will close the fund in late 2004 or early 2005. Regional and Country-Specific Property Funds In addition to MREM I, Mapletree will create other regional and country-specific property funds catered to institutional investors who are looking for exposure into the property sector. In all cases, Mapletree will take on an active fund and asset management role and be a major investor. Being one of the major investors in the funds demonstrates Mapletree's long term commitment to the funds and aligns the manager's and third party institutional investors' interests.