REPL::General Announcement::S$100 million 3.00 per cent. notes due 2028 under A$2 billion Multicurrency Debt Issuance Programme

Frasers Property Limited

Incorporated in Singapore

Company Registration No. 196300440G

PRICING OF S$100,000,000 3.00 PER CENT. FIXED RATE NOTES DUE 2028 (TO BE CONSOLIDATED AND FORM A SINGLE SERIES WITH THE S$200,000,000 3.00 PER CENT. FIXED RATE NOTES DUE 2028 ISSUED ON 23 SEPTEMBER 2021) UNDER THE A$2,000,000,000

MULTICURRENCY DEBT ISSUANCE PROGRAMME OF FRASERS PROPERTY AHL LIMITED AND UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY FRASERS PROPERTY LIMITED

Frasers Property Limited (the "Company") wishes to announce that Frasers Property AHL Limited (the "Issuer"), a wholly-owned subsidiary of the Company, had today priced a second tranche of S$100,000,000 in aggregate principal amount of 3.00 per cent. fixed rate notes due 2028 (the "Series 001 Tranche 002 Notes") which shall form a single series with the S$200,000,000 in aggregate principal amount of 3.00 per cent. fixed rate notes due 2028 issued on 23 September 2021 under the A$2,000,000,000 Multicurrency Debt Issuance Programme established by the Issuer and the Company (in its capacity as guarantor) on 6 February 2020 (the "Programme"). The Series 001 Tranche 002 Notes will be unconditionally and irrevocably guaranteed by the Company. The Series 001 Tranche 002 Notes are expected to be issued on 30 September 2021.

Oversea-Chinese Banking Corporation Limited has been appointed as the sole lead manager for the Series 001 Tranche 002 Notes. The Series 001 Tranche 002 Notes will be issued in registered form and in denominations of S$250,000 each. Unless previously redeemed, purchased and/or cancelled, the Series 001 Tranche 002 Notes shall mature on 9 October 2028 (the "Maturity Date"). The interest rate for the Series 001 Tranche 002 Notes is fixed at 3.00 per cent. per annum payable semi-annually in arrear.

The Series 001 Tranche 002 Notes may be redeemed at the option of the Issuer in whole or in part on any date prior to the Maturity Date at their Make-Whole Amount (as described in the pricing supplement prepared in relation to the Series 001 Tranche 002 Notes) together with interest accrued to (but excluding) the date fixed for redemption.

The net proceeds arising from the issue of the Series 001 Tranche 002 Notes (after deducting issue expenses) will be used for the financing or refinancing, in whole or in part, of new or existing qualifying assets and projects as described under the Eligibility Criteria for Eligible Green or Sustainable Projects in the FPA Sustainable Finance Framework (as described in the pricing supplement prepared in relation to the Series 001 Tranche 002 Notes).

The Series 001 Tranche 002 Notes are offered by the Issuer in Singapore pursuant to exemptions invoked under Sections 274 and/or 275 of the Securities and Futures Act (Chapter 289) of Singapore.

Application will be made to the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Series 001 Tranche 002 Notes on the SGX-ST. Such permission will be granted when the Series 001 Tranche 002 Notes have been admitted to the Official List of the SGX-ST.

The SGX-ST assumes no responsibility for the correctness of any of the statements made or opinions expressed or reports contained herein. Approval in-principle of the SGX-ST for the admission to the Official List of, and the listing and quotation of the Series 001 Tranche 002 Notes on, the SGX-ST are not to be taken as an indication of the merits of the Issuer, the Company, their respective subsidiaries (if any), their respective associated companies (if any), their respective joint venture companies (if any), the Programme or the Series 001 Tranche 002 Notes.

This announcement and the information contained herein do not constitute an offer or invitation to purchase any securities of the Issuer, the Company, their respective subsidiaries (if any), their respective associated companies (if any) and their respective joint venture companies (if any).

By Order of the Board

Catherine Yeo

Company Secretary

27 September 2021