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Event ID: 1029 Source: MSExchangeISPublicStore

Description failed an operation because the user did not have the following access rights:

"Delete" "Read Property" "Write Property" "Create Message" "View Item" "Create Subfolder" "Write Security Descriptor" "Write Owner" "Read Security Descriptor" "Contact"  

The distinguished name of the owning mailbox is /O=DOMAIN/OU=FIRST ADMINISTRATIVE GROUP/CN=RECIPIENTS/CN=USER. The folder ID is in the data section of this event.

For more information, click
From a newsgroup post: "This happens when you have Diagnostics Logging for MSExchangeIS Mailbox\Access Control turned up. They are expected when logging is enabled. You can get rid of them by turning logging off for that counter".

See ME274317 for more information on this event.
See ME325885. It shows an event very similar to this one. Microsoft says that that event should be ignored.

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