First Real Estate Investment Trust : Virtual Information Session - Presentation Slides

Proposed Divestment

of Siloam Hospitals

Surabaya

Virtual Information Session 13 July 2022

DISCLOSURE

This presentation has been prepared by First REIT Management Limited, in its capacity as manager of First Real Estate Investment Trust ("First REIT", and as manager of First REIT, the "Manager").

Investors have no right to request the Manager to redeem their units in First REIT (the "Units") while the Units are listed. It is intended that holders of Units ("Unitholders") may only deal in their Units through trading on the 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.

The value of Units and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties based on the Manager's current view of future events. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions - representative examples include, without limitation, general economic and industry conditions, interest rate trends, cost of capital, capital availability, shifts in expected levels of property rental income, change in operating expenses, property expenses and government and public policy changes and continued availability of financing in the amounts and the terms necessary to support future business. 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.

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

This presentation is qualified in its entirety by, and should be read in conjunction with, the full text of the circular to Unitholders dated 30 June 2022 (the "Circular"). Capitalised terms used herein, unless otherwise defined, shall have the meanings ascribed to them in the Circular.

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YOUR SPEAKERS TODAY

Mr Victor Tan	Mr Tan Chuan Lye
Executive Director and	Independent Director
Chief Executive Officer

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AGENDA

1	About Siloam Hospitals Surabaya
1.

2	Transaction Overview
2.

3	Rationale and Financial Effects
3.

4	Next Steps
4.

55. Q&A

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1. About Siloam Hospitals Surabaya