Suntec Real Estate Investment Trust : Notice of Cumulative Distribution Books Closure and Distribution Payment Dates

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EUROPEAN ECONOMIC AREA, CANADA, JAPAN OR AUSTRALIA

Trust Management (Suntec) Limited

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

NOTICE OF CUMULATIVE DISTRIBUTION BOOKS CLOSURE &

DISTRIBUTION PAYMENT DATES

NOTICE IS HEREBY GIVEN that this Notice of Cumulative Distribution Books Closure Date replaces the Notice of Books Closure Date issued on 24 April 2019(before trading hours).

Pursuant to the Private Placement (as defined herein), the Transfer Books and Register of Unitholders of Suntec REIT will be closed at 5.00 p.m. on 3 May 2019 being the Record Date for the purpose of determining the entitlements of unitholders of Suntec REIT ("Unitholders") to Suntec REIT's cumulative distribution comprising (i) the 1QFY19 Distribution of 2.434 cents per Unit for the period from 1 January 2019 to 31 March 2019 and (ii) the advanced distribution for the period from 1 April 2019 to 5 May 2019 (together, the "Cumulative Distribution") pursuant to a placement of new units in Suntec REIT ("New Units", and the placement of New Units, the "Private Placement"). The New Units are expected to be listed on 6 May 2019.

Unitholders should note that the Books Closure Date of 8 May 2019 as set out in the Notice of Books Closure Date issued on 24 April 2019 (before trading hours) has been changedto 3 May 2019. Accordingly, the Books Closure Date of 8 May 2019 for the 1QFY19 Distribution has been changed to the Books Closure Date of 3 May 2019 for the Cumulative Distribution.

The next distribution following the Cumulative Distribution will comprise Suntec REIT's distributable income for the period from 6 May 2019 to 30 June 2019. Quarterly distributions will resume thereafter.

The current expectation of ARA Trust Management (Suntec) Limited, as the manager of Suntec REIT (the "Manager") is that the quantum of distribution per unit in Suntec REIT ("Unit") under the Cumulative Distribution will be approximately 3.20 cents per Unit. This Cumulative Distribution per Unit is computed based on 2,683,541,797 units entitled to distribution, and on the basis that none of the remaining balance of S$87,500,000 principal amount 1.75% convertible bonds due 2021 and S$300,000,000 principal amount 1.75% convertible bonds due 2024 ("Convertible Bonds" collectively) is converted into Units on or prior to the Record Date. Accordingly, the actual quantum of the Cumulative Distribution per Unit may differ from the above estimated Cumulative Distribution per Unit if any of the remaining balance of the Convertible Bonds is converted into Units on or prior to the Record Date.

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The actual quantum of the distribution per Unit under the Cumulative Distribution (together with a breakdown on the proportion of the Cumulative Distribution which comprise the taxable income component, the tax-exempt income component and the capital distribution component) will be announced on a later date after the management accounts of Suntec REIT for the relevant period have been finalised.

Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Suntec REIT Units as at 5.00 p.m. on the Record Date will be entitled to the Cumulative Distribution that will be paid on or around 30 May 2019.

DECLARATION FOR SINGAPORE TAX PURPOSES

ATax-exemptincome

The tax-exempt income component of the distribution is exempt from tax in the hands of all Unitholders. No tax will be deducted at source for this component.

BCapital distribution component

Capital distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to income tax. For Unitholders who hold the Units as trading assets, the amount of capital gain distribution will be applied to reduce the cost base of their Units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the Units.

CTaxable income component

1.HSBC Institutional Trust Services (Singapore) Limited, as the trustee of Suntec REIT (the "Trustee"), and the Manager will not deduct tax from Cumulative Distribution made out of

Suntec REIT's taxable income that is not taxed at Suntec REIT's level to:

(a)Unitholders who are individuals and who hold the Units either in their sole names or jointly with other individuals;

(b)Unitholders which are companies incorporated and tax resident in Singapore;

(c)Unitholders which are Singapore branches of foreign companies;

(d)Unitholders which are body of persons (excluding companies or partnerships) constituted or registered in Singapore, such as:

(i)institutions, authorities, persons or funds specified in the First Schedule to the Income Tax Act (Cap. 134);

(ii)co-operativesocieties registered under the Co-operative Societies Act (Cap. 62);

(iii)trade unions registered under the Trade Unions Act (Cap. 333);

(iv)charities registered under the Charities Act (Cap. 37) or established by an Act of Parliament; and

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(v)town councils.

(e)Unitholders which are international organisations that are exempt from tax on such distributions by reason of an order made under the International Organisations (Immunities and Privileges) Act (Cap. 145); or

(f)Unitholders which are real estate investment trust exchange-traded funds ("REIT ETFs) which have been accorded the tax transparency treatment.

2.For Cumulative Distribution made to classes of Unitholders that do not fall within the categories stated under Note C1 above, the Trustee and the Manager will deduct tax at the rate of 10% if the Unitholders are foreign non-individual investors. A foreign non-individual investor is one who is not a resident of Singapore for income tax purposes and:

(a)who does not have a permanent establishment in Singapore; or

(b)who carries on any operation in Singapore through a permanent establishment in Singapore, where the funds used to acquire the Units in Suntec REIT are not obtained from that operation.

3.Unitholders are required to complete the applicable Section A, B or C of the "Declaration for Singapore Tax Purposes Form A" ("Form A") if they fall within the categories (b) to (f) stated under Note C1 or Section D of Form A if they qualify as a foreign non-individual investor as described under Note C2. The Trustee and the Manager will rely on the declarations made in Form A to determine:

(i)if tax is to be deducted for the categories of Unitholders listed in (b) to (f) under Note C1; and

(ii)if tax is to be deducted at the rate of 10% for Cumulative Distribution to foreign non- individual investors.

4.Unitholders who fall within class (a) under Note C1 are not required to submit Form A.

5.Unitholders who do not fall within the classes of Unitholders listed in Note C1 and Note C2 above can choose not to return Form A as tax will be deducted from the distributions made to them at the prevailing corporate tax rate in any case.

6.The Trustee and the Manager will deduct tax at the prevailing corporate tax rate from Cumulative Distribution made out of Suntec REIT's taxable income that is not taxed at Suntec REIT's level, in respect of Units held by depository agents except where the beneficial owners of these Units are:

(a)Individuals and the Units are not held through a partnership in Singapore;

(b)Qualifying Unitholders (as listed in categories (b) to (f) under Note C1); or

(c)Foreign non-individual investors (as defined under Note C2).

For Units held through depository agents, the depository agents must complete the "Declaration by Depository Agents for Singapore Tax Purposes Form B" ("Form B") and its annexes (Annex 1 for individuals, Annexes 2 and 2.1 for qualifying Unitholders and Annex 3 for foreign non-individuals).

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7.Form A and Form B (and its annexes) will be sent to Unitholders and depository agents respectively, by Suntec REIT's Unit Registrar, Boardroom Corporate & Advisory Services

Pte Ltd, on or around 7 May 2019.

8.Unitholders (Form A) and the depository agents (Form B and its annexes) will have to complete the forms legibly and send them to the Unit Registrar such that they are received by 5.00 p.m. on 17 May 2019. The Trustee and the Manager will rely on the declarations made in Form A and Form B to determine if tax is to be deducted. Failure to comply with any of these requirements will render Form A and Form B invalid and the Trustee and the Manager will be obliged to deduct the appropriate amount of tax from the Cumulative Distribution in respect of which this announcement is made.

9.Unitholders who hold Units under the Central Provident Fund Investment Scheme ("CPFIS") or the Supplementary Retirement Scheme ("SRS") do not have to return the Form as they will receive gross Cumulative Distribution paid to their respective CPFIS or SRS accounts.

Last Date and Time for Return of the Form

Unitholders and the depository agents must complete and return the "Declaration for Singapore Tax Purposes Forms A and B (and its annexes)", respectively to Boardroom Corporate & Advisory Services Pte Ltd's office by 5.00 p.m. on 17 May 2019 in order to receive the Cumulative Distribution either at gross or at net (after deduction of tax at 10%) as described above.

DECLARATION IN INCOME TAX RETURN

The Cumulative Distribution is considered as income for the year 2019. Beneficial owners of the Cumulative Distribution, other than those who are exempt from tax on the Cumulative Distribution, are required to declare the taxable income component of the Cumulative Distribution as taxable income in their income tax return for the Year of Assessment 2020.

IMPORTANT DATES AND TIMES

Date/Deadline	Event
5.00 p.m., 3 May 2019	Close of Suntec REIT's Transfer Books and Register of
	Unitholders for the Cumulative Distribution
5.00 p.m., 17 May 2019	Unitholders and depository agents must have completed and
	returned the "Declaration for Singapore Tax Purposes Form A
	and Form B" to the Unit Registrar, Boardroom Corporate &
	Advisory Services Pte Ltd
On or around 30 May 2019	Payment of Cumulative Distribution

Should Unitholders have any queries in relation to these procedures, please do not hesitate to contact Ms Lynn Lee or Ms Tan Cheng Cheng at 6835 9232 or email: [e-mail] or [e-mail] or visit our website at .

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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

24 April 2019

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