URBUS PROPERTIES LIMITED URB | deListed New Zealand

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delisted following a takeover by ING Property Trust Holdings Limited, a company wholly owned by ING Property Trust - we understand the consideration paid for the Urbus securities was 0.980 units in ING Property Trust for each ordinary share, 0.960 ING Units for each Urbus convertible note and ING Units (as in brackets below) for each MCN - 10 31 March 2006 10.5% (0.982), 11 31 March 2006 12.0% (1.001) 12 31 March 2006 12.5% (1.007) 13 31 March 2006 14.0% (1.026) 14 31 March 2010 14.0% (1.134)	22/07/2005

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URBUS PROPERTIES LIMITED(URB)