EC World Real Estate Investment Trust : Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest By Trustee-Manager

SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS)

REGULATIONS 2012

FORM

NOTIFICATION FORM FOR TRUSTEE-MANAGER OR RESPONSIBLE PERSON IN RESPECT OF CHANGES IN ITS

6

(Electronic Format)

INTEREST IN SECURITIES

Explanatory Notes

1. Please read the explanatory notes carefully before completing this notification form.

2.

This form is for a Trustee-Manager or Responsible Person to give notice under section 137R(1)(a) or 137ZC(1)(a) of the Securities and Futures Act (Cap. 289) (the "SFA").

3. This electronic Form 6 and a separate Form C, containing the particulars and contact details of the Trustee-

Manager/Responsible Person must be completed by a person authorised by the Trustee-Manager/Responsible Person to do so. The person so authorised should maintain records of information furnished to him by theTrustee-Manager/Responsible Person.

4. This form and Form C, are to be completed electronically. The Trustee-Manager/Responsible Person will attach both forms to the prescribed SGXNet announcement template for dissemination as required under section 137R(1) or 137ZC(1) of the SFA, as the case may be. While Form C will be attached to the announcement template, it will not be disseminated to the public and is made available only to the Monetary Authority of Singapore (the "Authority").

5.

A single form may be used by a Trustee-Manager/Responsible Person for more than one transaction resulting in notifiable obligations which occur within the same notifiable period (i.e. within one business day of the earliest transaction). There must be no netting-off of two or more notifiable transactions even if they occur within the same day.

• 6. All applicable parts of the notification form must be completed. If there is insufficient space for your answers, please include attachment(s) by clicking on the paper clip icon on the bottom left-hand corner or in item 10 of Part II. The total file size for all attachment(s) should not exceed 1MB.

• 7. Except for item 4 of Part II, please select only one option from the relevant check boxes.

• 8. Please note that submission of any false or misleading information is an offence under Part VII of the SFA.

• 9. The term "Listed Issuer" as used in this form refers to -

  (a)	a registered business trust (as defined in the Business Trusts Act (Cap. 31A)) any or all of the units in
  which are listed for quotation on the official list of a securities exchange;
  (b)	a recognised business trust any or all of the units in which are listed for quotation on the official list of
  a securities exchange, such listing being a primary listing; or
  (c)	a collective investment scheme that is a trust, that invests primarily in real estate and real estate-
  related assets specified by the Authority in the Code on Collective Investment Schemes, and any or
  all the units in which are listed for quotation on the official list of a securities exchange, such listing
  being a primary listing ("Real Estate Investment Trust").

• 10. For further instructions and guidance on how to complete this notification form, please refer to section 9 of the User Guide on Electronic Notification Forms which can be accessed at the Authority's Internet website athttp://www.mas.gov.sg(under "Regulations and Financial Stability", "Regulations, Guidance and Licensing", "Securities, Futures and Fund Management", "Forms", "Disclosure of Interests").

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Part I - General

• 1. Name of Listed Issuer:

  EC World Real Estate Investment Trust ("EC World REIT")

• 2. Type of Listed Issuer:

  Registered/Recognised Business TrustReal Estate Investment Trust

• 3. Name of Trustee-Manager/Responsible Person:

  EC World Asset Management Pte. Ltd. (the "Manager")

• 4. Is the Trustee-Manager/Responsible Person also a substantial unitholder of the Listed Issuer?

  Yes

  No

Part II - Transaction Details

Transaction A

• 1. Date of acquisition of or change in interest:

  31-Mar-2022

• 2. Date on which the Trustee-Manager/Responsible Person became aware of the acquisition of, or change in, interest(if different from item 1 above, please specify the date):

  31-Mar-2022

• 3. Explanation (if the date of becoming aware is different from the date of acquisition of, or change in, interest):

  Not applicable

• 4. Type of securities which are the subject of the transaction (more than one option may be chosen):

  Ordinary voting units

  Other type of units (excluding ordinary voting units)

  Rights/Options/Warrants over units

  Debentures

  Rights/Options over debentures

  Others (please specify):

• 5. Number of units, rights, options, warrants and/or principal amount of debentures acquired or disposed of by Trustee-Manager/Responsible Person:

  346,736 Units in EC World REIT

• 6. Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties):

  Nil (Please see explanation in paragraphs 7 and 12 below.)

• 7. Circumstance giving rise to the interest or change in interest: Acquisition of:

  Securities via market transaction

  Securities via off-market transaction (e.g. married deals)

  Securities via physical settlement of derivatives or other securities

  Securities pursuant to rights issue

  Securities via a placement

  Securities following conversion/exercise of rights, options, warrants or other convertibles

  Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer

  Disposal of:

  Securities via market transaction

  Securities via off-market transaction (e.g. married deals)

  Other circumstances:

  Acceptance of take-over offer for Listed IssuerCorporate action by Listed Issuer (please specify):

  Others (please specify):

• 8. Quantum of interests in securities held by Trustee-Manager/Responsible Person before and after the transaction. Please complete relevant table(s) below (for example, Table 1 should be completed if the change relates to ordinary voting units of the Listed Issuer; Table 4 should be completed if the change relates to debentures):

  Table 1. Change in respect of ordinary voting units of Listed Issuer

Immediately before the transaction	Direct Interest	Deemed Interest	Total
No. of ordinary voting units held:	5,616,589	0	5,616,589
As a percentage of total no. of ordinary voting units:	0.694	0	0.694
Immediately after the transaction	Direct Interest	Deemed Interest	Total
No. of ordinary voting units held:	5,963,325	0	5,963,325
As a percentage of total no. of ordinary voting units:	0.736	0	0.736

9. Circumstances giving rise to deemed interests (if the interest is such):

[You may attach a chart(s) in item 10 to illustrate how the Trustee-Manager/Responsible Person's deemed interest, as set out in item 8 tables 1 to 6, arises]

Not applicable.

• 10. Attachments (if any):

  (The total file size for all attachment(s) should not exceed 1MB.)

• 11. If this is a replacement of an earlier notification, please provide:

  • (a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):

  • (b) Date of the Initial Announcement:

  • (c) 15-digit transaction reference number of the relevant transaction in the Form 6 which was attached in the Initial Announcement:

• 12. Remarks (if any):

  The Manager received 346,736 Units in EC World REIT at a price of S$0.7683 per Unit as payment of 50% of the Performance fee component of its management fees for the Year 2021. The Manager has elected to receive 50% of the Performance Fee in the form of Units.

  The issue price per Unit is the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited (the "SGX-ST") in the ordinary course of trading for the last ten business days immediately preceding 31 December 2021, being the end date of the Financial Year.

  The percentage of unit-holding immediate after this transaction is calculated on the basis of 809,838,247 outstanding Units immediate after the transaction.

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