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Saturday, August 24th, 2019

First Real Estate Investment Trust : Corrigendum To Circular Dated 9 December 2016

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by December 28, 2016 General

(Constituted in the Republic of Singapore pursuant to A trust deed dated 19 October 2006)ANNOUNCEMENT CORRIGENDUM TO CIRCULAR DATED 9 DECEMBER 2016Unless otherwise defined, capitalised terms used in this announcement have the same meaning as given to it in First REIT’s circular dated 9 December 2016 (the “Circular”).Bowsprit Capital Corporation Limited, in its capacity as manager of First Real Estate Investment Trust (“First REIT” and as manager of First REIT, the “Manager”) wishes to announce that the IFA letter issued by Stirling Coleman Capital Limited dated 9 December 2016 as set out in Appendix D of the Circular (“IFA Letter”) contains some minor errors in the table “Comparable REIT and Property Trust Yield” on Page D-14 of the Circular.These errors relate to the distribution yield offered by other REITs listed on Singapore Exchange Securities Trading Limited which are publicly available information. The amended table is attached hereto as Appendix 1.The IFA has confirmed that these errors do not affect their opinion that the SHLB Acquisition and the SHLB Master Lease are based on normal commercial terms and not prejudicial to the interests of First REIT and its minority Unitholders.By Order of the BoardDr Ronnie Tan Keh Poo Chief Executive OfficerBowsprit Capital Corporation Limited(as manager of First Real Estate Investment Trust) (Company registration no. 200607070D)28 December 2016Important NoticeThe value of Units and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of First REIT is not necessarily indicative of the future performance of First REIT.This document may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager’s view of future events.Replacement Table for Page D-14 of the Circular Dated 9 December 2016Appendix 1

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