EXPERT RESPONSE
When you do the same thing from within Microsoft Outlook (from an account with permissions), you'll get the option to create a new public folder "containing appointment items." That's what you'll want to do. Once it's set up, you'll want to assign appropriate permissions to whoever needs to access this public folder calendar.
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Related information from SearchExchange.com:
Exchange Admin 101: Create Microsoft Outlook group calendars
Expert Advice: Creating a shared calendar under an existing public folder
Expert Advice: Send automatic reminders from a public folder calendar
Expert Advice: Export Outlook calendar info to a public folder calendar
Reference Center: Exchange and Outlook public folder resources
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