The Board of Directors of AIMS AMP Capital Industrial REIT Management Limited (the "Manager") as manager of AIMS AMP Capital Industrial REIT (AA REIT) announced that Tan Kai Seng will step down and relinquish his position as Non-Executive Lead Independent Director effective from 31 March 2017. Mr. Norman Ip Ka Cheung, who is currently a Non-Executive Independent Director, will succeed Tan and be re-designated as the Non-Executive Lead Independent Director and Chairman of the ARCC with effect from 31 March 2017. With the change, Ip will step down as the Chairman of the Nominating and Remuneration Committee (NRC), a position that will now be filled by current Non-Executive Independent Director Eugene Paul Lai Chin Look. In addition, the Manager announced the appointment of Heng Peter Michael as a Non-Executive Independent Director. Heng will also be appointed as a member of the ARCC and NRC. All appointments have been reviewed and recommended by the NRC to the Board and will be effective from 31 March 2017.