Frasers Logistics & Commercial Asset Management Pte. Ltd., as the manager of Frasers Logistics & Commercial Trust ("FLCT", and as the manager of FLCT, the "Manager") makes reference to the announcement dated 14 February 2023 on the cessation of appointment of Mr. Robert Stuart Claude Wallace as the Chief Executive Officer of the Manager (the "Cessation of Appointment"). The Manager wishes to update that Mr. Wallace and the Manager have mutually agreed to extend the effective date of the Cessation of Appointment from 1 June 2023 to 1 August 2023.