Galileo Japan Trust Strong Interim Result

Galileo Japan Funds Management Limited (‘GJFML’), the responsible entity for the Galileo Japan Trust (the Trust) is pleased to provide details of the Trust’s interim result for the period ended 31 December 2007.

Highlights in the period are summarised below;

�� Distributable earnings1 of $16.44 million, 5.3% above July 2007 PDS forecast2
�� Confirmation FY08 DPU guidance is 8.00 cents, 11.1% higher than annualised FY07 DPU
�� Total assets increased 56% to A$1.002 billion
�� Acquisition of five properties for ¥32.5 billion (A$329 million)3
�� Five properties independently revalued reflecting a 17.25% (¥3.45 billion) increase above book value
�� Debt to total assets of 52.0%4, lower than peer group
�� NTA of 95 cents per unit, 2.2% higher than at 30 June 2007
�� Office rents reviewed in the period increased by an average 9.9%

For more information, go to www.galileofunds.com.au/Japan/asx_announcements.html

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