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PALADIN COMMERCIAL TRUST(PDC)

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delisted at the request of the Trust following merger with Commercial Investment Trust

08/09/2000

we understand Paladin Australia Limited, the responsible entity for Paladin Commercial Trust (PDC), entered into a merger agreement with Deutsche Asset Management (Australia) Limited, the responsible entity for Commercial Investment Trust (CIT) to merge the two office trusts - unitholders in the Paladin Commercial Trust were issued with 0.9375 CIT units for each PDC unit - the new units converted to ordinary units on 22 December 2000

08/09/2000

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