REPL::Capital Distribution::Mandatory

(a business trust constituted on 15 January 2016

under the laws of the Republic of Singapore)

NOTICE OF BOOKS CLOSURE DATE AND DISTRIBUTION PAYMENT DATE

Capitalised terms not otherwise defined herein shall have the meanings respectively ascribed to them in the Prospectus dated 13 January 2017 (the "Prospectus").

Notice is hereby given that the Transfer Books and Register of Unitholders of Dasin Retail

Trust ("DRT") will be closed at 5.00 p.m. on Tuesday, 31 August 2021 (the "Books Closure

Date") for the purpose of determining the entitlement of each holder of units in DRT ("Units") ("Unitholder") to DRT's Distribution (as defined below).

Duly completed registrable transfers received by DRT's registrar, Boardroom Corporate &

Advisory Services Pte. Ltd., of 50 Raffles Place #32-01, Singapore Land Tower, Singapore

048623, up to 5.00 p.m. on the Books Closure Date will be registered to determine Unitholders'

entitlements to the Distribution. Unitholders whose securities accounts with the Central Depository (Pte) Limited are credited with Units at 5.00 p.m. on the Books Closure Date will be entitled to the Distribution to be paid on Tuesday, 28 September 2021.

DISTRIBUTION DETAILS

We are pleased to inform you that DRT will distribute 2.98 Singapore cents per Unit for the period from 1 January 2021 to 30 June 2021 (the "Distribution").

The Distribution comprises wholly of capital component.

Capital distribution represents a return of capital to Unitholders for Singapore income tax purposes and is therefore not subject to Singapore income tax. For Unitholders who hold Units as trading assets, the amount of capital distribution of capital 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.

DISTRIBUTION POLICY

Dasin Retail Trust's distribution policy, in respect of FY2020 and onwards, is to distribute at least 90.0% of Dasin Retail Trust's distributable income to Unitholders annually. The actual

level of distribution is to be determined at the Trustee-Manager's discretion.

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IMPORTANT DATES AND TIMES

Event	Date/Deadline
Ex-distribution date	9.00 a.m. 30 August 2021
Books closure date	5.00 p.m. 31 August 2021
Payment date	28 September 2021

By Order of the Board of

Dasin Retail Trust Management Pte. Ltd.

(Company Registration No. 201531845N)

(in its capacity as trustee-manager of Dasin Retail Trust)

Wang Qiu

Chief Executive Officer

9 August 2021

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IMPORTANT NOTICE

This Announcement may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Trustee-Manager's current view on future events.

This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. 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 Trustee-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 Trustee-Manager to redeem their Units while the Units are listed. It is intended that Unitholders of Dasin Retail Trust 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 Dasin Retail Trust is not necessarily indicative of the future performance of Dasin Retail Trust. This announcement is not an offer to sell, or a solicitation of an offer to buy, securities in the United States (including its territories and possessions, any state of the United States and the District of Columbia), European Economic Area, European Union, Canada, Japan, Australia or any other jurisdiction. The securities referred to herein have not been, and will not be, registered under the Securities Act and may not be offered or sold within the United States or to or for the account or benefit of any U.S. person, absent registration pursuant to the Securities Act or pursuant to an applicable exemption under the Securities Act and in compliance with any applicable U.S. state or local securities laws. No public offering of securities of Dasin Retail Trust is being made, or will be made, in the United States.

The information in this Announcement must not be published outside the Republic of Singapore and in particular, but without limitation, must not be published in any United States edition of any publication.

Notification under Section 309B of the Securities and Futures Act, Chapter 289 of Singapore: The New Units are prescribed capital markets products (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12:Notice on the Sale of Investment Products and MAS Notice FAA-N16:Notice on Recommendations on Investment Products).

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