7 February, 2006

Calan Healthcare Properties Trust – Appointment Of Independent Reporter

Statement made by Bruce Davidson, Chairman, Calan Healthcare Properties Limited

Calan Healthcare Properties Trust advises that the Independent Committee has today appointed Ferrier Hodgson to prepare an Independent Report in relation to the offer by ING Property Trust Investments Limited. Ferrier Hodgson has been approved by the NZX as a suitably qualified independent firm for that role.

ENDS