AIMS PROPERTY SECURITIES FUND — Director's Dealing 2007

Oct 29, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	MacarthurCook Property Securities Fund (code : MPS)
ABN	17 229 685 861

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Craig Mathew Dunstan

Date of last notice 5 February 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Direct or indirect interest	Indirect	Indirect	Indirect
	Nature of indirect interest	•Lake House Investments Pty Ltd (Craig
	(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Dunstan S/F)
			•LakeHouseInvestmentsPtyLtd(Dunstan S/F)
	Date of change		19 October 2007
	No. of securities held prior to change		Indirect: 21,156 ordinary units
	Class		Ordinary fully paid
	Number acquired	7051
	Number disposed	Nil
	Value/ConsiderationN If idi i h id dil d id li	$1.05 per unit
	ote: conseraton s non-cas, prove etas an estmate vauaton
No. of securities held after changeIndirect: 28,207 ordinary units	No. of securities held after change	Indirect: 28,207 ordinary units

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of securities pursuant to rights issue

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Nil
Nature of interest	Nil
Name of registered holder(if issued securities)	Nil
Date of change	Nil
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	Nil
Interest acquired	Nil
Interest disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Nil
Interest after change	Nil

• See chapter 19 for defined terms. Appendix 3Y Page 2

11/3/2002