ApexHi Properties Limited has elected not to have its previous “zaA stable” rating by local ratings agency CA-Ratings reviewed because it was no longer considered beneficial to the further raising of debt.

The decision has resulted in the withdrawal of the rating by CA-Ratings.

ApexHi is currently considering its options with regard to a rating, particularly in the light of the announcement on 9 February 2006 of a change in its capital structure, which will result in a C unit being introduced alongside the A and B units.

Should a rating be considered appropriate, ApexHi will seek a rating with an agency with an international affiliation, as required by those financial institutions with whom ApexHi transacts.