MPACT Management Ltd., as Manager of Mapletree Pan Asia Commercial Trust Announces Board and Committee Changes

MPACT Management Ltd., as manager (the "Manager") of Mapletree Pan Asia Commercial Trust ("MPACT"), announced the following changes: the retirement of Ms. Tan Su Shan, Age 57, as Independent Non-Executive Director at the conclusion of the Manager's Annual General Meeting held on 30 September 2024 and cessation as Lead Independent Non-Executive Director and Chairperson of the Nominating and Remuneration Committee (the "NRC") on 30 September 2024; and the appointment of Mr. Tay Tuan Hearn Alvin, Age 69, as a Member of the NRC on 30 September 2024 and following Ms. Tan Su Shan's retirement, Mr. Tay has been re-designated as Lead Independent Non-Executive Director and Chairman of the NRC on 30 September 2024. Ms. Tan contributed over the past seven years as she served as an Independent Non- Executive Director of Mapletree North Asia Commercial Trust Management Ltd., the manager of Mapletree North Asia Commercial Trust ("MNACT") since her appointment on 1 November 2016, and following the reconstitution of the Board on 3 August 2022 after the merger of MNACT with Mapletree Commercial Trust, where she continued to serve as an Independent Non-Executive Director. She was also Lead Independent Non-Executive Director and Chairperson of NRC of the Manager.

Following the aforesaid changes, the composition of the Committees shall be as follows: Mr. Tay Tuan Hearn Alvin, Lead Independent Non-Executive Director and Chairman of Nominating and Remuneration Committee, Mr. Wu Long Peng, Independent Non-Executive Director and Chairman of Audit and Risk Committee, Mr. Chua Kim Chiu, Independent Non-Executive Director and Member of Audit and Risk Committee, Mr. Mak Keat Meng, Independent Non-Executive Director and Member of Audit and Risk Committee, Mr. Lawrence Wong Liang Ying, Independent Non-Executive Director and Member of Audit and Risk Committee, Ms. Chiang Sui Fook Lilian, Independent Non-Executive Director and Member of Nominating and Remuneration Committee, Mr. Kan Shik Lum, Independent Non-Executive Director and Member of Nominating and Remuneration Committee, Mr. Chua Tiow Chye, Non-Executive Director and Member of Nominating and Remuneration Committee. Tan Su Shan: Other DirectorShips Past: AETOS Holdings Pte Ltd. Hwa Chong Institution Singapore Management University Board Mapletree North Asia Commercial Trust Management Ltd. Central Provident Fund Board Singhealth Fund Limited - KKH Health Endowment Fund. Other DirectorShips Present: PT Bank DBS Indonesia Weybourne Holdings Pte.

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Ltd. EvolutionX Debt Capital Master Fund 1 Pte. Ltd. Ms Tan Su Shan has not sought for re-election at MPACT Management Ltd.'s (the manager of Mapletree Pan Asia Commercial Trust (the "Manager")) Annual General Meeting ("AGM") and therefore retire as the Lead Independent Non-Executive Director as well as the Chairperson of the Manager's Nominating and Remuneration Committee ("NRC") at the conclusion of the AGM held on 30 September 2024. The Board of Directors would like to express its gratitude and appreciation to Ms. Tan for her guidance and invaluable contributions over the past seven years as she served as an Independent Non-Executive Director of Mapletree North Asia Commercial Trust Management Ltd., the manager of Mapletree North Asia Commercial Trust ("MNACT") since her appointment on 1 November 2016, and following the reconstitution of the Board on 3 August 2022 after the merger of MNACT with Mapletree Commercial Trust, where she continued to serve as an Independent Non-Executive Director of the Manager.

She was also Lead Independent Director and Chairperson of NRC of the Manager. Event Description: Retirement as Lead Independent Non-Executive Director who is Chairperson of the Nominating and Remuneration Committee of MPACT Management Ltd. Tay Tuan Hearn Alvin: Working Experience: September 2002 - December 2016 Singapore Press Holdings Limited Editor, The Business Times December 2016 - February 2018 Singapore Press Holdings Limited Managing Editor, English/Malay/Tamil Media Group. Other DirectorShips Past: Radion International Ltd. Other DirectorShips Present: The Rice Company Limited MPACT Management Ltd. Director Experience Details: Mr. Tay is an Independent Non-Executive Director of the Manager since 15 December 2018.

Appointment of Mr. Tay Tuan Hearn Alvin as Lead Independent Non-Executive Director and Chairman of the Nominating and Remuneration Committee ("NRC") of MPACT Management Ltd., the manager of Mapletree Pan Asia Commercial Trust (the "Manager") with effect from 30 September 2024 in place of the current Lead Independent Non-Executive Director and NRC Chairperson who has retired at the Manager's Annual General Meeting held on 30 September 2024. Professional Qualifications: NUS, Bachelor of Social Science (Honours).