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NEWMARKET PROPERTY TRUST (NMP)

Delisted NZX 20/12/2002

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delisted following failure to meet spread requirements - we understand that this followed The National Property Trust acquiring over 87% of the total units on issue in the Trust - the offer by The National Property Trust was of 6 (six) units for every 10 (ten) units on issue in the Newmarket Property Trust (in addition, and in association with the takeover offer, Newmarket paid a special dividend of 1.5 cents per unit (gross) to its unit holders on Friday 2 August 2002 - unit holders in Newmarket who accepted National's offer were also to receive a further 2.25 cents per unit (gross) on the National units issued in exchange - this represented National's final quarterly distribution for the year ended 31 May 2002)20/12/2002

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