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ADVANCE PROPERTY FUND (APF)

Delisted from ASX 22/12/2000


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       Date delisted: 22/12/2000
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taken over by Stockland Property Management Limited (the responsible entity for Stockland Trust Group)22/12/2000
we understand Stockland offered a package of 1 Stockland Stapled Security - comprising a unit in Stockland Trust and a share in Stockland Corporation Ltd - $1.10 cash and 0.25 Stockland Options (to acquire a Stockland stapled security) for every 2.8 Advance units held - the ATO said "scrip-for-scrip roll-over is available to the extent that Advance Property Fund units were exchanged for Stockland Trust units - in working out the value of the ineligible proceeds received by an Advance unitholder, a Stockland share is taken to represent 17 per cent of the market value of a Stockland stapled securit"22/12/2000

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