PRIME RETIREMENT AND AGED CARE PROPERTY TRUST(PTN)

Managed Investment Scheme deregistered today

a loss declaration has been issued and the capital loss can therefore be claimed, if you are still a unitholder, in the financial year the declaration is issued - in this case 2017/18

delisted following failure to pay annual listing fees in respect of the year ending 30 June 2013

Mr Stirling Horne and Mr Petr Vrsecky of Lawler Draper Dillon are appointed Joint Liquidators to Australian Property Custodian Holdings Limited and all of the Prime Trust controlled entities

an extension to hold the 2nd meeting of creditors is granted - it can be held at any time until 16 November 2011 - a meeting is to be held with the solicitors representing the unitholder group - action may be taken agianst the manager of the villages (Lend Lease PrimeLife) - the actions taken by Receivers in respect of the individual villages will have a significant impact - background details can be accessed at this webpage APCH releases

the administrators are not in a position to provide the unitholders with a substantial report as to their findings and a recommendation as to the future of the entity

an informal proof of debt form which can be used by unitholders wishing to lodge a simplified claim in order to be recognised as a contingent creditor (meaning the value of such a claim is yet to be determined) and accordingly they will be admitted to vote at the second meeting of creditors for a nominal amount of $1, is made avaiable to unitholders - such unitholders should complete and sign the form and return to: Lawler Draper Dillon Level 12, 440 Collins Street MELBOURNE. 3000 Or alternatively scan and email the completed form to: prime@lawlerdd.com.au - background details can be accessed at this webpage APCH releases

briefings for unitholders are held in Brisbane, Sydney and Melbourne on 10, 11 and 12 January 2011 respectively - unitholders via the Prime Trust Action Group have raised a number of issues which the administrator is investigating - background details can be accessed at this webpage APCH releases

administrators release a report to unitholders - proceeds receivable from the sale of the retirement villages will determine outcomes for creditors and unitholders

Mr Stirling Horne and Mr Petr Vrsecky of Lawler Draper Dillon are appointed as Voluntary Administrators to Australian Property Custodian Holdings Limited - the board had intended to appoint PwC as voluntary administrators over the Prime Trust controlled entities but sees no advantage in appointing an alternative administrator and has thus appointed Mr Horne and Mr Vrsecky as Voluntary Administrators over all of the Prime Trust controlled entities

Australian Property Custodian Holdings Limited (APCH), as Responsible Entity for the Prime Retirement and Aged Care Property Trust (PRACPT), together Prime Trust, have today been advised of the appointment of receivers by Suncorp Metway Bank to its Bundaberg, Mackay and Townsville retirement villages - Prime Trust itself is expecting to appoint PwC as administrators on Monday

APCH sought the current suspension to enable it to undertake refinancing discussions with Prime Trust's existing and potential financiers to support its existing operations and to enable it to proceed with restructure proposals including the internalisation of management of its retirement villages. Having regard to Prime Trust's financial position, the Board of APCH believed that it was appropriate that these discussions be completed before securities in Prime Trust resume trading on ASX. APCH has been unable to obtain the necessary certainty of funding support to purchase the management rights of its retirement villages from Lend Lease Primelife Ltd pursuant to a call option. Accordingly APCH has not exercised its call option to purchase these management rights and, at noon on 31 August 2010, the call option expired. Discussions between APCH and existing financiers of Prime Trust are continuing with regard to Prime Trust's existing operations. Once the refinancing discussions are completed, APCH will make a further announcement. . The securities in Prime Trust have now been continued in suspension by ASX as Prime Trust has not completed, and lodged with ASX, its full year financial reports. Prime Trust's auditors are working to finalise the financial reports

the securities of Prime Retirement and Aged Care Property Trust (the "Trust") will be suspended from quotation immediately, at the request of the Trust, pending the release of a announcement by the Trust