The Board of Directors of Lendlease Global Commercial Trust Management Pte. Ltd. (as Manager of Lendlease Global Commercial REIT (LREIT)) (the Company) announced the appointment of Ms Penelope Jane Ransom as Non-Independent Non-Executive Director of the Company with effect from 8 November 2023. Following Ms Ransom's appointment as a Non-Independent Non-Executive Director, Ms Ransom will also be appointed as a member of the Nomination and Remuneration Committee.

Following the above changes, the Board and Board Committees will be reconstituted with effect from 8 November 2023: Board of Directors: Mr. Justin Marco Gabbani, Chairperson and Non-Independent Non-Executive Director; Dr. Tsui Kai Chong, Lead Independent Non-Executive Director; Mr. Simon John Perrott, Independent Non-Executive Director; Mrs. Lee Ai Ming, Independent Non-Executive Director; and Ms Penelope Jane Ransom, Non-Independent Non-Executive Director. Audit and Risk Committee: Dr. Tsui Kai Chong, Chairperson; Mrs. Lee Ai Ming, Member; Mr. Simon John Perrott, Member and Mr. Justin Marco Gabbani, Member. Nomination and Remuneration Committee: Mrs. Lee Ai Ming, Chairperson; Dr. Tsui Kai Chong, Member; Mr. Simon John Perrott, Member and Ms Penelope Jane Ransom, Member.