IMP announces record distribution, increased NTA

IMP announces record distribution and increased NTA

ING Medical Properties Trust (the “Trust”) today announced an audited after tax surplus of $10.2 million for the financial year ended 30 June 2007. The value of the Trust’s net tangible assets increased by 4.6% to $1.36 from $1.30 in 2006. The Trust also recorded strong revaluation gains of $14.9 million.

The Trust announced a fourth quarter distribution of 2.45 cents per unit, including imputation credits of 0.8085 cents per unit. This lifts the total gross distribution for the year to 9.5 cents per unit, an increase of 3.3% from the 9.2 cents per unit distribution in 2006. The record date for the distribution will be 13 September and the payment date will be 20 September.

”The increased distribution confirms the strength of the Trust. As New Zealand’s leading medical and healthcare property investor, the Trust is well positioned to take advantage of opportunities that are becoming available in the sector to enhance unitholder returns,” said Bill Thurston, Chairman of ING Medical Properties Limited, manager of the Trust, (the “Manager”).

Highlights

• Total gross return to unitholders of 20.1% for the twelve months to 30 June 2007

• Completion of 15-bed extension at Ascot Hospital

• Contract to acquire Ascot Central on completion

• Net tangible asset backing increases to $1.36

• Gross distributions increase to 9.5 cents per unit

• Revaluation gains of $14.9 million

• Weighted average lease term of 10 years, the longest in the New Zealand listed property sector

• Gross rental income up 4.4% to $19.3 million

• Occupancy over 99%

• Elected into the Portfolio Investment Entity regime, from 1 October 2007.

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