Suntec Real Estate Investment Trust : Changes in Directorate and Re-Constitution of Audit Committee

Trust Management (Suntec) Limited

Suntec Real Estate Investment Trust	Manager of
("Suntec REIT")

CHANGES IN DIRECTORATE AND RE-CONSTITUTION OF AUDIT COMMITTEE

The Board of Directors (the "Board") of ARA Trust Management (Suntec) Limited, in its capacity as manager of Suntec REIT (the "Manager"), announces the following changes to the Board and the Audit Committee (the "AC"), with effect from 22 April 2019:

1.the resignation of Mr Chen Wei Ching Vincent as Lead Independent Non-Executive Director and Chairman of the AC; and

2.the appointment of Mr Yap Chee Meng as Lead Independent Non-Executive Director and Chairman of the AC.

The Board and Manager wishes to extend its gratitude and appreciation to Mr Chen Wei Ching Vincent for his dedication and stewardship during his tenure on the Board.

The Board would like to welcome the appointment of Mr Yap Chee Meng as Independent Non- Executive Director and Chairman of the AC. Mr Yap brings with him extensive financial expertise and experience as a director of several listed companies. The Board is of view that Mr Yap's appointment would strengthen the Board's capabilities and add to its diverse breadth of expertise, knowledge and experience.

Following the aforesaid changes, the composition of the Board of the Manager will be as follows with effect from 22 April 2019:

Board

Ms Chew Gek Khim - Chairman and Non-Executive Director

Mr Lim Hwee Chiang John - Non-Executive Director

Mr Yap Chee Meng - Lead Independent Non-Executive Director

Mr Chan Pee Teck Peter - Independent Non-Executive Director

Ms Foo Yee Shoon - Independent Non-Executive Director

Mr Lock Wai Han - Independent Non-Executive Director

Mr Chow Wai Wai John - Non-Executive Director

Mr Chong Kee Hiong - Chief Executive Officer and Executive Director

AC

Mr Yap Chee Meng (Chairman)

Mr Chan Pee Teck Peter

Ms Foo Yee Shoon

Mr Lock Wai Han

The details of Mr Chen Wei Ching Vincent and Mr Yap Chee Meng as required under Rule 704(7) of the SGX-ST Listing Manual are set out in separate announcements.

BY ORDER OF THE BOARD

ARA Trust Management (Suntec) Limited (as manager of Suntec Real Estate Investment Trust) (Company registration no. 200410976R)

Chong Kee Hiong

Director

18 April 2019

ABOUT SUNTEC REIT

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping mall), a 60.8% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall and a 30.0% interest in 9 Penang Road. Suntec REIT holds a 100% interest in a commercial building located at 177 Pacific Highway, Sydney, a 50.0% interest in Southgate complex, Melbourne and a 50.0% interest in a commercial building to be developed located at Olderfleet 477 Collins Street, Melbourne, Australia. Its aim is to invest in income-producing real estate which is primarily used for office and/or retail purposes. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited. For more details, please visit www.suntecreit.com.

ABOUT ARA TRUST MANAGEMENT (SUNTEC) LIMITED

Suntec REIT is managed by ARA Trust Management (Suntec) Limited, a wholly-owned subsidiary of ARA Asset Management Limited ("ARA"). ARA is premier global integrated real assets fund manager. As at 31 December 2018, the Gross Assets Managed by ARA Group and its Associates is approximately S$80.1 billion1 across over 100 cities in 23 countries.

Driven by a vision to be the best-in-class real assets fund management company, ARA Group and its Associates' businesses include:

(a)REITs - ARA is one of the largest REIT managers in Asia Pacific. The Group directly manages Fortune REIT, dual-listed in Singapore and Hong Kong; Suntec REIT and Cache Logistics Trust, listed in Singapore; and Hui Xian REIT and Prosperity REIT, listed in Hong Kong. It also indirectly manages REITs in Japan, Australia, Singapore and Malaysia through its associate companies.

(b)Private real estate funds - The Group manages private funds providing investment opportunities in diverse real estate sectors and geographies that cater to different investor risk appetites.

(c)Country desks - ARA operates country desks in China, Korea, Japan, Malaysia, Australia, Europe and the United States. The country desks employ a strong understanding of each local market to facilitate the flow of inbound and outbound capital and cross-country collaborations. ARA has an expanded presence in Japan via its strategic stake in Kenedix, Inc. and in Europe via its strategic stake in Cromwell Property Group.

(d)Infrastructure - ARA Infrastructure was established in 2018 to cater to strong investor demand for global infrastructure investment.

(e)Real estate management services - As part of the Group's investor-operator philosophy, its dedicated property management teams actively work the ground to manage its assets globally.

ARA's multi-platform,multi-product global fund management strategy, combined with its dedicated teams with in-depth local knowledge, enables the Group to offer enduring value to investors. Built on a foundation of strong corporate governance and business integrity, ARA counts some of the world's largest pension funds, sovereign wealth funds, financial institutions, endowments and family offices as its investors.

1Includes assets under management by ARA Asset Management Limited and the Group of companies

("ARA Group") and its Associates and Joint Ventures as at 31 December 2018.

IMPORTANT NOTICE

This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or acquire, units in Suntec REIT (the "Units") in any jurisdiction in which such an offer or solicitation is unlawful.

The value of Units and the income derived 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. 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 past performance of Suntec REIT is not necessarily indicative of the future performance of Suntec REIT.