EC World Real Estate Investment Trust : Update On The Payment Date Of The 3Q 2022 Distribution

(a real estate investment trust constituted on 5 August 2015

under the laws of the Republic of Singapore)

ANNOUNCEMENT

UPDATE ON THE PAYMENT DATE OF THE 3Q 2022 DISTRIBUTION

EC World Asset Management Pte. Ltd., in its capacity as manager of EC World REIT ("EC World REIT", and as manager of EC World REIT, the "Manager"), refers to:

1. its Notice of Record and Distribution Payment Date dated 9 November 2022 ("Notice of Record and Distribution Payment Date") where it was announced that the distribution in respect of the period from 1 July 2022 to 30 September 2022 (the "3Q 2022 Distribution") would be paid to the Entitled Unitholders 1 on 29 December 2022; and
2. its announcement dated 29 December 2022 where it was announced that (a) the funds for the 3Q 2022 Distribution did not reach the bank account of the relevant Singapore-incorporated subsidiary of EC World REIT (the "SingCo Bank Account") from the People's Republic of China on 28 December 2022 unlike what the Manager had previously expected due to a delay in the funds transfer process due to the latest COVID-19 situation in the People's Republic of China ("PRC") and the Christmas holiday period; and (b) in the event the funds reach the SingCo Bank Account by 29 December 2022, the 3Q 2022 Distribution will be paid to the Entitled Unitholders by 30 December 2022 (the "29 December 2022 Announcement").

The Manager wishes to update that the funds for the 3Q 2022 Distribution reached the SingCo Bank Account from the PRC on 29 December 2022. Given that the funds reached the SingCo Bank Account on 29 December 2022, as mentioned in the 29 December 2022 Announcement, the 3Q 2022 Distribution will be paid to the Entitled Unitholders by 30 December 2022.

For and on behalf of the Board

EC WORLD ASSET MANAGEMENT PTE. LTD.

(as manager of EC World Real Estate Investment Trust) (Company Registration No. 201523015N)

Goh Toh Sim

Executive Director and Chief Executive Officer

29 December 2022

1 "Entitled Unitholders" means unitholders whose securities accounts with The Central Depository (Pte) Limited were credited with units in EC World REIT as at 5.00 p.m. on 7 December 2022.

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Important Notice

The value of units in EC World REIT ("Units") and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, the Manager, the Trustee or any of their affiliates.

An investment in the 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 Singapore Exchange Securities Trading Limited (the "SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Unitholders and potential investors are advised to exercise caution when dealing in Units. Unitholders and potential investors are advised to read this announcement and any further announcements to be released by EC World REIT carefully. Unitholders and potential investors should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

The past performance of EC World REIT is not necessarily indicative of the future performance of EC World REIT.

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, property expenses and governmental and public policy changes. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events.

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