AIMS PROPERTY SECURITIES FUND — Earnings Release 2013

Feb 27, 2013

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NEWS RELEASE

MacarthurCook removes debt burden; Positions for growth and value appreciation

Sydney, 28 February 2013 : MacarthurCook Property Securities Fund (ASX:MPS) is on track to repay all debt by the end of 2013, putting the Fund in a strong position to consider and execute a range of options for enhancing value and rewarding all investors in the second half of 2013.

The Fund reported a net loss of $3,327,000 for the financial half year to 31 December 2012 compared to a net loss of $8,629,000 for the previous corresponding period. The loss was largely due to the write down of the value of the Fund’s investment in APN Champion Retail Fund, from $3,033,000 at June 30, 2012 to zero. Associated with that write down, the Fund’s total assets were valued at $54.4 million, compared to $61.0 million as at 30 June 2012.

In August last year, MacarthurCook announced a successful outcome in its litigation against TFML Limited, the responsible entity of P-REIT, when the Supreme Court of NSW made orders in favour of MacarthurCook for the sum of $17,764,204, and also ordered TFML Limited to pay the MacarthurCook’s costs in the proceedings. TFML has appealed the judgement which has been set down for 4 April 2013.

Importantly the Fund’s NTA of 13.61 cents per unit excludes any allowance for the judgement sum against TFML, which equates to 4.92 cents per unit.

MacarthurCook Chairman George Wang said, “Since assuming control in mid-2009 our focus has been on reducing what was an unsustainably high debt of $45 million. We have succeeded to the extent that the Fund will effectively be debt free in the near future, when the remaining debt will be repaid from existing cash flows or disposals”.

“This leaves us very well placed to consider and execute initiatives that will reward all of our unitholders and be value accretive, such as recommencing income distributions, reinvesting capital into new investments or a buy back if the share price to NTA remains at such a steep discount”.

“Going forward our preference is to have greater influence and control over the Fund’s investment portfolio. We believe this patient, long-term strategy will provide us opportunities to improve the performance of the portfolio and selectively consider long term value accretive acquisitions and investments”.

Head Office Sydney: Level 16, Central Square 323 Castlereagh Street, Sydney NSW 2000 Australia PO Box K222 Haymarket NSW 1240 Australia Client Services: 1300 655 197, 1300 362 117 Fax: +612 9281 7611 Email: mail@macarthurcook.com.au Website: www.macarthurcook.com.au

MacarthurCook Group MacarthurCook Fund Management Limited ABN 79 004 956 558 AFS Licence No: 258052 MacarthurCook Investment Managers Limited ABN 45 099 054 074 Licence No: 225357 SEC No: 801-66388 MacarthurCook Real Estate Funds Limited ABN 32 126 766 167 AFSL No: 318261

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“Certainly now is not the time to conduct disposals or pursue short term strategies that don’t adequately capture the value of the Fund’s underlying assets”.

“The current market conditions are well suited for making investments in commercial real estate which are expected to deliver significant yield premiums over cash, term deposits and other fixed income investments” Mr Wang added.

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MEDIA CONTACT: Hugh Fraser, FCC Partners e) hugh@fccpr.com T) 8001-8822 M) 0412-677-081

About MacarthurCook:

MacarthurCook Fund Management Limited (MacarthurCook) is a wholly owned subsidiary of the AIMS Financial Group (AIMS), which specialises in the investment management of direct property, real estate securities and mortgage assets.

MacarthurCook and AIMS manage approximately A$1.5 billion on behalf of over 20,000 Investors/borrowers as at 21 December 2012 and are the investment managers for MacarthurCook Office Property Trust, MacarthurCook Mortgage Fund, Advance Mortgage Fund and MacarthurCook Property Securities Fund. AIMS also manages, in a joint-venture arrangement with AMP Capital, the AIMS-AMP Capital Industrial REIT in Singapore.

The MacarthurCook Property Securities Fund is listed on the ASX and the Singapore Exchange. The AIMS-AMP Capital Industrial REIT is listed on the Singapore Exchange.

About AIMS Financial Group:

Established in 1991, AIMS Financial Group (AIMS) is a diversified financial services and investment group with a solid track record and enviable reputation in the mortgage lending, fund management and securitisation markets in Australia, active in the areas of lending, securitisation, investment banking, funds management, property investment, stock exchange ownership and high-tech investment.

Since 1999, AIMS has raised approximately A$4 billion in funds from the capital markets. Of this, AIMS has issued approximately A$3 billion residential mortgage-backed securities, with most of them rated AAA by both Standard & Poors and Fitch Ratings, and has originated over A$5 billion of high quality prime home loans since 1997.

AIMS has actively introduced a number of international investors into the Australian markets and to date. AIMS has also attracted over A$1 billion of investments into Australia from overseas investors.

AIMS is also the investment manager for AIMS' funds, which amount to approximately A$1.5 billion fund as at 1 November 2012.

AIMS' head office is in Sydney, Australia, and it has businesses across Australia, China, Hong Kong and Singapore. Our highly qualified, professional and experienced cross-cultural teams enable AIMS to bridge the gap between Australia and China across various sectors.

AIMS Financial Group Expands During GFC

During the global financial crisis, AIMS expanded its business in a time when many other businesses were experiencing immense difficulties.

In October 2008, AIMS acquired the Asia Pacific Stock Exchange (APX), which is the only Western Securities Exchange 100% owned by a private company.

In April 2009, AIMS became the largest shareholder (15.8%) of the ASX listed fund manager, MacarthurCook Limited (MCK). In August 2009 , AIMS' holding increase to 54% and by November 2009, AIMS' became the 100% owner of MCK which was subsequently delisted from the ASX.

MacarthurCook Turnaround Story

At the time of acquisition, MacarthurCook's fund management business was severely distressed with each of the 4 listed funds and a number of unlisted funds starved of capital and management expertise. Under AIMS' leadership, MacarthurCook's funds have been turned around, stabilised and improved outcome for investors, for example:

A. The MacarthurCook Industrial REIT (MI-REIT) listed on the SGX (now known as AIMS AMP Capital Industrial REITs). At the time of the AIMS acquisition of MacarthurCook, MI-REIT was in distress and within three months, MI-REIT had to refinance S$225million plus S$91million obligation to purchase a property which previous management had entered into in 2007 without finance in place. At the time, MI-REIT's market capitalisation was approximately S$60million and S$544million funds under management. Since that time, AIMS has stabilised MI-REIT which has grown signifcantly with a market capitalisation S$647million and S$975million funds under management as at September 2012.

B. The MacarthurCook Property Securities Fund (MPS) which is listed on the ASX and SGX. Since the takeover of MacarthurCook, through AIMS management, MPS has been able to significantly reduce its debt from A$44.5million with a gearing ratio of 38% to A$7.8million with a gearing ratio of 12.8% as at June 2012. MPS is now uniquely positioned to access the capital markets in Australia and Asia through its dual listing on the ASX and SGX.

C. The privatisation of the MacarthurCook Industrial Property Fund (MIF) which was formerly listed on the ASX and was distressed at the time of acquisition. The share price of the fund at the time AIMS took over MacarthurCook was A$0.16. AIMS reduced vacancy in the MIF portfolio and improved the WALE to more than 5 years. In October 2010, unitholders voted in favour of accepting an offer from a US fund at A$0.44 per unit representing a 42% premium to the pre-announcement trading price.