Further to its announcement dated 17 September 2019 on the changes to the composition of the board of directors and management of OUE Commercial REIT Management Pte. Ltd., as manager of OUE Commercial Real Estate Investment Trust ("C-REIT") (the "C-REIT Manager") following the completion of the merger of C-REIT and OUE Hospitality Trust, the Board wishes to announce the reconstitution of the Nominating and Remuneration Committee of the C-REIT Manager (the "NRC") and the Audit and Risk Committee of the C-REIT Manager (the "ARC") with effect from 24 September 2019: Mr. Liu Chee Ming, Independent Non-Executive Director, has been appointed as a Member and the Chairman of the ARC; and Mr. Ong Kian Min, Independent Non-Executive Director, has been appointed as a Member and the Chairman of the NRC, and a Member of the ARC.