Independent Property Valuations and Estimated Final Distribution

Independent Property Valuations and Estimated Final Distribution

21-Jun-2007

Thakral Holdings Group advises that as part of its normal year end procedures, it had completed the annual independent revaluation of its properties. This has resulted in an increase in the year of $212 million, of which $90 million was recognised in the half year Balance Sheet at 31 December 2006. Net tangible asset backing is forecast to increase from 96 cents at 30 June 2006 to approximately $1.32 cents per stapled security1 as at 30 June 2007.

Final Distribution

In addition, Thakral wishes to advise details of the estimated final distribution from the Thakral Holdings Trust (THT) for the year ending 30 June 2007 are as follows:

a) The estimated final distribution is 4.25 cents per stapled security making total distributions from THT for the year of 7 cents (30 June 2006 6.5 cents) an increase of 7.7%.

b) Record Date for determining entitlements: midnight on 2 July 2007;

c) THG securities will trade on “ex-distribution” basis from 26 June 2007; and

d) Payment Date will be 31 August 2007.


The announcement of the full year end financial results including confirmation of the THT distribution and details of the tax status is expected to be made on Friday 17 August 2007.

Please provide us with your confirmation of release announcement.

Yours faithfully



Andrew Horne
Group Company Secretary

1. Net tangible asset backing is based on full fair value of the assets (i.e. including the value of leasehold land which is excluded under AIFRS)


Further information:
John Hudson (Managing Director) Tel: (02) 9272 8888

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