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Macquarie CountryWide Trust - Summary of results for the six months ended 31 December 2004


Another six months of strong financial performance, successful redevelopments and value adding acquisitions have delivered Unitholders a 12 month total return to 31 December 2004 of 32.7%. The Directors of Macquarie CountryWide Management Limited, Manager of Macquarie CountryWide Trust (Trust or CountryWide) are pleased to announce these and other achievements for the half year ended 31 December 2004 (Period).

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