ApexHi has announced its third quarter distribution of 56 cents per combined unit for the period 1 January 2005 to 31 March 2005. This is an increase of one cent over the distribution for the quarter to December 2004 and represents its highest quarterly income distribution to date.

A units will receive 25.5 cents per unit and the B unit holders will benefit from the 12% increase in distribution to 30.5 cents per unit compared to 27.25 cents for the same period last year. This is more than double the increase in distribution expected from the listed property sector this year.

“We are very pleased to announce this increase in distribution to our B unit holders and we are on track for our best annual results since our listing four years ago,” says Gerald Leissner, CEO of ApexHi.

This performance can largely be attributed to ApexHi’s increased focus on the retail sector, which is paying dividends, as well as improved market fundamentals, stronger rentals and overall reduction in vacancies.

Last day of trade cum interest is 20 May 2005. Payment will be made on 30 May 2005.