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Prosperity REIT 2008 Annual Report Wins GALAXY Awards


We are pleased to announce that Prosperity REIT's [SEHK Stock Code: 808] 2008 Annual Report has been conferred the Gold Award in the category of "Design: Annual Report - REIT Industrial/Office Property" and also the Silver Award in the category of "Annual Report - International" at the 20th Annual International GALAXY 2009 Awards Competition. This is the second consecutive year in which Prosperity REIT's Annual Report has been awarded, with Prosperity REIT's 2007 Annual Report being awarded the Honors Award at the GALAXY 2008 Awards.

The International GALAXY Awards, sponsored by MerComm Inc., is a global competition amongst international participants that recognises outstanding achievement in marketing communications in an international arena, honouring the professionals who contribute to the process of building image, creating profit, and making a difference in the market place. Judging is based not on budget, but on other criteria such as the values of creativity, effectiveness, performance and success. Over 520 entries from 16 countries around the world have been reviewed and evaluated by the distinguished panels of judges and advisors in the 2009 Galaxy Awards.

The theme of Prosperity REIT's 2008 Annual Report was "Solid Fundamentals" which reflects both the financial performances, as well as Prosperity REIT's corporate and investment strategies.

We are delighted that the Prosperity REIT annual reports continue to be recognized by one of the world's most respected organizations in the industry. The REIT Manager views annual reports as an essential communication channel with investors. Winning a GALAXY award consecutively demonstrates the REIT Manager's commitment to corporate transparency and open communication with Prosperity REIT unitholders. We shall continue our commitment to enhance corporate transparency and disclosure through Prosperity REIT's financial reports and other publications.

A full version of the Prosperity REIT's 2008 Annual Report "Solid Fundamentals" can be obtained from our website at:

246_eng_e-Annual_Report_2008 (Enlgish)

246_cht_c-Annual_Report_2008 (Chinese)

Yours faithfully
ARA Asset Management (Prosperity) Limited (as manager of Prosperity Real Estate Investment Trust