Prime Trust Publicly Responds to Global Financial Crisis

Prime Trust also reported to the ASX this week. Stating, “Tightening credit markets have
slowed bank lending and there has also been a reduction in a property clearance rates. As a
consequence, some people who desire or have committed to buy retirement units are slower
in selling their existing properties,” the company explained that, “despite this settlement
slowdown, there is no obvious deterioration in the prices being paid for our properties.”
They concluded: “We are confident that our new and refurbished units at Townsville, Mackay,
Lindfield and Brentwood will generate a high level of interest.”