Notice of Valuation of Real Assets::Notice of Valuation of Real Assets

FRASERS CENTREPOINT TRUST

(Constituted in the Republic of Singapore pursuant to a trust deed dated 5 June 2006 (as amended))

Asset Valuation Announcement

Pursuant to Rule 703 of the SGX-ST Listing Manual, the Board of Directors of Frasers Centrepoint Asset Management Ltd. (the "Company"), as manager of Frasers Centrepoint Trust ("FCT"), wishes to announce that independent valuations of Causeway Point, Northpoint City North Wing, Changi City Point, Yishun 10 Retail Podium, Tiong Bahru Plaza, White Sands, Hougang Mall, Tampines 1, Century Square, Central Plaza and Waterway Point (collectively, the "Properties") have been completed.

The appointed valuers are Jones Lang LaSalle Property Consultants Pte Ltd ("JLL") and Savills Valuation and Professional Services (S) Pte Ltd ("Savills"). The valuations were approved by the Board of Directors on 26 October 2021, and have been reflected in the financial statements of FCT for the year ended 30 September 2021.

The valuation details are as follows:

		Valuation as at
Properties	Valuer	30 September 2021
		S$'million
Causeway Point	JLL	1,312.0
Northpoint City North Wing	JLL	771.5
Changi City Point	JLL	325.0
Yishun 10 Retail Podium	JLL	33.0
Tiong Bahru Plaza	Savills	654.0
White Sands	Savills	428.0
Hougang Mall	Savills	432.0
Tampines 1	Savills	762.0
Century Square	Savills	574.0
Central Plaza	Savills	215.0
Waterway Point (1)	Savills	1,300.0

Note:

1. FCT owns 40.0% of Sapphire Star Trust which holds Waterway Point. The value reflected in this announcement is the total value of the retail property and FCT's 40.0% interest amounts to S$520 million.

Valuation reports of the Properties are available for inspection by appointment only at the Company's registered office during business hours for three months from today.

For enquiries and appointment, please contact Mr Chen Fung Leng at [phone] or email to [e-mail].

BY ORDER OF THE BOARD

Frasers Centrepoint Asset Management Ltd.

As manager of Frasers Centrepoint Trust

Company Registration No: 200601347G

Catherine Yeo

Company Secretary

27 October 2021

For further information, kindly contact:

Mr. Chen Fung Leng

Vice President, Investor Relations

Frasers Centrepoint Asset Management Ltd.

T [phone]

E [e-mail]

Important Notice

The value of Units and the income derived from them, if any, may fall or rise. 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 should note that they 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 announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of FCT and the Manager is not necessarily indicative of the future performance of FCT and the Manager.