4Q 2018 FINANCIAL RESULTS

16 January 2019

DISCLAIMER

This presentation has been prepared by Bowsprit Capital Corporation Limited, in its capacity as the manager of First Real Estate Investment Trust ("First REIT" and as manager of First REIT, the "Manager").

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.

The value of units in First REIT ("Units") and the income from them may fall as well as 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.

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties based on the Manager's current view of future events. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions - representative examples include, without limitation, general economic and industry conditions, interest rate trends, cost of capital, capital availability, shifts in expected levels of property rental income, change in operating expenses, property expenses and government and public policy changes and continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events.

The past performance of First REIT is not necessarily indicative of the future performance of First REIT.

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FIRST REIT AT A GLANCE

01

WELL-DEFINED

03

ACQUISITION STRATEGY

ASSET SIZE AND CLASS

02

RESILIENT HEALTHCARE-RELATED REAL ESTATE INVESTMENT TRUST IN SINGAPORE

  • • Distinct growth strategy by acquiring yield-accretive properties in the healthcare and healthcare- related industry which fulfils its investment criteria

    • • 20 Assets: S$1.35 billion

    • • Indonesia: 12 hospitals, 2 integrated hospital & mall, 1 integrated hotel & hospital and 1 hotel & country club

    • • Singapore: 3 nursing homes

    • • South Korea: 1 hospital

    04

    LEASING TENANCY

    05

    FINANCING

    ARRANGEMENT

    ARRANGEMENT

    • • Mandated to invest in quality, income-producing healthcare and/or healthcare-related real estate assets in Asia

    06

    MARKET CAPITALISATION

  • • Long lease terms of minimum 10 years up to 15 years with step up escalation

  • • Term loan facilities with Banks: S$503.0 million

  • • Market Capitalisation: S$0.78 billion

    (as at 31 December 2018)

  • • Total number of Units: 788,479,925

    (as at 31 December 2018)

  • • OUE and OUE Lippo Healthcare ≈ 17.81%

    (as at 31 December 2018)

  • • Lippo Karawaci ≈ 10.60%

    (as at 31 December 2018)

  • • Number of Unitholders ≈ 9,000 +

    (as at 8 March 2018)

4

SUPERIOR HEALTHCARE PORTFOLIO

20 PROPERTIES ACROSS 3 REGIONS

First REIT has 20 properties across Indonesia, Singapore and South Korea

S$1.35 bln

Total Assets-Under-Management

350,850 sqm

Total GFA of Properties

5,092

Private doctor Sarang Hospital

Maximum number of beds/ saleable rooms

2021

100%

10-15 years

Nearest date of rental renewals

Siloam Hospitals Group and PT Lippo Malls Indonesia

Siloam Hospitals Kupang & Lippo Plaza Kupang Siloam Hospitals Buton & Lippo Plaza Buton

Siloam Hospitals Group and

The Aryaduta Hotel & Resort Group Siloam Hospitals Manado &

Hotel Aryaduta Manado

Pacific Healthcare Nursing Home Pte. Ltd.

Pacific Healthcare Nursing Home

@Bukit Merah

Pacific Eldercare and Nursing Pte. Ltd.

Pacific Healthcare Nursing Home II

@Bukit Panjang

The Lentor Residence Pte. Ltd.

The Lentor Residence

Siloam Hospitals Group Siloam Hospitals Yogyakarta Siloam Hospitals Labuan Bajo Siloam Sriwijaya

Siloam Hospitals Purwakarta Siloam Hospitals Bali

Siloam Hospitals TB Simatupang Siloam Hospitals Makassar

Mochtar Riady Comprehensive Cancer Centre Siloam Hospitals Lippo Cikarang

Siloam Hospitals Lippo Village Siloam Hospitals Kebon Jeruk Siloam Hospitals Surabaya

The Aryaduta Hotel & Resort Group Imperial Aryaduta Hotel & Country Club

Total Committed OccupancyLong lease terms with step up escalation

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First Real Estate Investment Trust published this content on 16 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 January 2019 14:58:03 UTC