Sovereign Acquires Two Warehouse/Industrial Facilities Located in Pennsylvania and Illinois

PRINCETON, N.J., January 30, 2008

Sovereign Investment Company, one of the largest and fastest growing private equity investors providing sale-leaseback capital, today announced it has completed a three property sale-leaseback transaction for Actuant Corporation, a $1.5 billion diversified industrial company with operations in more than 30 countries. Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Headquartered in Butler, WI, Actuant currently employs a workforce of more than 7,500 worldwide.

"During a time of uncertain credit markets, the sale-leaseback is becoming a very attractive financing alternative for creditworthy companies such as Actuant," said Barry Bain, vice president of acquisitions for Sovereign Investment Company. "Sovereign was pleased to assist Actuant Corporation by providing a flexible structure that allowed them to refinance existing debt at two properties and for the third, access 100% construction financing. This transaction is another example of the type of creative solutions Sovereign provides for its clients, and is one of the reasons why Sovereign is becoming one of the nation's largest and most reliable providers of sale-leaseback capital."

About Sovereign Investment Company

Sovereign Investment Company empowers owners, operators and developers to capitalize on the value of their real estate through net lease sale-leaseback portfolio transactions. Leveraging the experience of a 30-year investment history, Sovereign invests capital to offer a variety of terms and structures, while providing unparalleled service, pricing and execution for its transaction partners. As one of the largest and fastest-growing private equity investment firms focused on real estate structured finance, Sovereign has provided more than $1 billion in sale-leaseback capital to long-term, net-leased properties nationwide.

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