Cache Logistics Trust reported unaudited group and company earnings results for the first quarter ended March 31, 2013. For the quarter, on group basis, reported gross revenue of SGD 19,115,000 compared to SGD 16,865,000 a year ago. Net property income was SGD 18,088,000 compared to SGD 16,096,000 a year ago. Total return for the period before taxation before distribution was SGD 13,461,000 compared to SGD 11,805,000 a year ago. Income available for distribution to unitholders at the end of the period was SGD 15,795,000 compared to SGD 13,356,000 a year ago. Income to be distributed was SGD 15,795,000 compared to SGD 13,356,000 a year ago. Net cash from operating activities was SGD 15,888,000 compared to SGD 16,587,000 a year ago. For the quarter, on company basis, reported gross revenue of SGD 18,789,000 compared to SGD 16,546,000 a year ago. Net property income was SGD 17,767,000 compared to SGD 15,781,000 a year ago. Total return for the period before taxation before distribution was SGD 13,197,000 compared to SGD 11,526,000 a year ago. Income available for distribution to unitholders at the end of the period was SGD 15,795,000 compared to SGD 13,356,000 a year ago. Income to be distributed was SGD 15,795,000 compared to SGD 13,356,000 a year ago. The company announced advance distribution of 2.121 cents comprises a taxable income component of 2.093 cents per unit and a capital component of 0.028 cents per unit for the period 1 January 2013 to 26 March 2013. The dividend books closure date was on April 26, 2013, payable on April 26, 2013. The company has announced a distribution of 0.113 cents per unit for the period from 27 March 2013 to 31 March 2013 comprising a taxable income component of 0.111 cents per unit and a capital component of 0.002 cents per unit. The dividend books closure date was on May 3, 2013, payable on May 30, 2013.

The board of directors of ARA-CWT Trust Management (Cache) Ltd, as the manager of Cache Logistics Trust announced the appointment of Mr. Lim Ah Doo, an Independent Director and Chairman of the Audit Committee, as the Lead Independent Director with immediate effect.

Cache Logistics Trust (SGX:K2LU) is seeking acquisition opportunities. Manager of Cache proposing to carry out a placement of 70 million new units to institutional and other investors at an issue price of between SGD 1.24-SGD $1.265 per New Unit. The Manager intends to use approximately SGD 26.9 million to fund potential acquisitions and/or pare down debt, out of gross proceeds of approximately SGD 86.8 million.