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Wednesday, September 18th, 2019

First Real Estate Investment Trust : Appointment Of Independent Director And Member Of The Audit Committee

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by January 8, 2018 General

(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 October 2006 (as amended))

APPOINTMENT OF INDEPENDENT DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

The Board of Directors of Bowsprit Capital Corporation Limited, in its capacity as manager of FirstReal Estate Investment Trust (“First REIT, and as manager of First REIT, theManager“), wishes to announce the appointment of Mr Martin Lechner as Independent Director of the Manager with effect from 8 January 2018. He will also be appointed as a member of the Audit Committee(“AC“).

Mr Lechner will be considered independent for the purposes of Rule 704(8) of the Listing Manual ofthe Singapore Exchange Securities Trading Limited (“SGX-ST“).

The detailed template announcement pursuant to Rule 704(7) of the Listing Manual of the SGX-ST containing the particulars of Mr Lechner is released separately to the SGX-ST.

Following Mr Lechner’s appointmentand in accordance with Guideline 2.2 of the Code of Corporate Governance, half of the Board now comprise of Independent Directors. The composition of the Board and AC is as follow:

Board of Directors

Mr Carl Gabriel Florian Stubbe

Chairman, Non-Executive Non-Independent Director

Mr Tan Kok Mian Victor

Executive Director and Chief Executive Officer

(Chen Guomin Victor)

Mr Wong Gang

Independent Director

Mr Tan Chuan Lye

Lead Independent Director

Mr Martin Lechner

Independent Director

Mr Ketut Budi Wijaya

Non-Executive Non-Independent Director

Audit Committee

Mr Tan Chuan Lye (Chairman)

Lead Independent Director

Mr Carl Gabriel Florian Stubbe

Non-Executive Non-Independent Director

Mr Wong Gang

Independent Director

Mr Martin Lechner

Independent Director

By Order of the Board

Mr Tan Kok Mian Victor

Executive Director and Chief Executive Officer Bowsprit Capital Corporation Limited (Company Registration No: 200607070D)

As Manager of First Real Estate Investment Trust

8 January 2018

First Real Estate Investment Trust published this content on 08 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 January 2018 09:59:04 UTC.

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