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| Date of valuation | : | 1 December 2003 | 1 December 2003 | 1 December 2003 | 1 December 2003 | 1 December 2003 |
| Name of valuer | : | Allied Appraisal Consultants Pte Ltd | Allied Appraisal Consultants Pte Ltd | Allied Appraisal Consultants Pte Ltd | Allied Appraisal Consultants Pte Ltd | Allied Appraisal Consultants Pte Ltd |
| Description of Property | : | 3 Upper Aljunied Link #07-04 Joo Seng Warehouse Singapore 367902 | 8 Chin Bee Drive Singapore 619859 | 10 Chin Bee Drive Singapore 619861 | 9 Kaki Bukit Road 2 #03-22 Gordon Warehouse Building Singapore 417842 | 30 Mandai Estate #05-09 Mandai Industrial Building Singapore 729918 |
| Valuation | : |
SGD700,000/- |
SGD1,000,000/- |
SGD1,850,000/- |
SGD420,000/- |
SGD750,000/- |
The valuation reports for the above properties are available for inspection at the Company's registered office at 10 Collyer Quay, #19-08 Ocean Building, Singapore 049315 during normal business hours for three months up to 5 May 2004.