Extraordinary/ Special General Meeting :: Voluntary

PARKWAY LIFE REAL ESTATE INVESTMENT TRUST

(constituted in the Republic of Singapore pursuant to a trust deed dated 12 July 2007 (as amended))

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the unitholders ("Unitholders") of Parkway Life Real Estate Investment Trust ("Parkway Life REIT") will be convened and held by way of electronic means on Thursday, 30 September 2021 at 10.00 a.m. (Singapore time), for the purpose of considering and, if thought fi t, passing, with or without modifi cations, the following resolution (capitalised terms not otherwise defi ned herein shall bear the meanings ascribed to them in the circular to Unitholders dated 8 September 2021):

THE PROPOSED TRANSACTION COMPRISING THE ENTRY INTO THE NEW MASTER LEASE AGREEMENTS FOR MOUNT ELIZABETH HOSPITAL PROPERTY, GLENEAGLES HOSPITAL PROPERTY AND PARKWAY EAST HOSPITAL PROPERTY AND THE RENEWAL CAPEX AGREEMENT (ORDINARY RESOLUTION)

RESOLVED that:

1. approval be and is hereby given for the proposed entry into the New Master Lease Agreements and the Renewal Capex Agreement; and
2. Parkway Trust Management Limited, in its capacity as manager of Parkway Life REIT (the "Manager"), any director of the Manager ("Director"), and HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Parkway Life REIT (the "Trustee") be and are hereby severally authorised to complete and do all such acts and things (including executing all such documents as may be required) as the Manager, such Director or, as the case may be, the Trustee may consider expedient or necessary or in the interests of Parkway Life REIT to give effect to the New Master Lease Agreements and the Renewal Capex Agreement (including, for the avoidance of doubt, the ROFR).

BY ORDER OF THE BOARD Parkway Trust Management Limited (Company Registration No. 200706697Z)

As Manager of Parkway Life Real Estate Investment Trust

Chan Wan Mei

Company Secretary

Singapore

8 September 2021

Notes:

1. The EGM is being convened, and will be held, by way of electronic means pursuant to the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020. Printed copies of this Notice will not be sent to Unitholders. Instead, this Notice will be sent to Unitholders by way of electronic means via publication on Parkway Life REIT's website at the URL https://plifereit.listedcompany.com/egm.html and will also be made available on the SGX website at the URL https://www.sgx.com/securities/company-announcements.
2. Due to the current COVID-19 situation in Singapore, Unitholders will not be able to attend the EGM in person. Alternative arrangements relating to attendance at the EGM via electronic means (including arrangements by which the meeting can be electronically accessed via live audio-visualwebcast or live audio-onlystream), submission of questions to the Chairman of the EGM in advance of the EGM, addressing of substantial and relevant questions at the EGM and voting by appointing the Chairman of the EGM as proxy at the EGM, are set out below. Any reference to a time of day is made by reference to Singapore time.
3. Unitholders will be able to observe and/or listen to the EGM proceedings through a live audio-visual webcast or live audio- only stream via their mobile phones, tablets or computers. In order to do so, Unitholders must pre-register at Parkway Life REIT's pre-registration website at the URL https://plifereit.listedcompany.com/egmregistration/from now till 10.00 a.m. on 27 September 2021 to enable the Manager to verify their status as Unitholders.
   Following the verifi cation, authenticated Unitholders will receive an email, which will contain user ID and password details as well as instructions on how to access the live audio-visual webcast and live audio-only stream of the EGM proceedings, by 10.00 a.m. on 29 September 2021. Unitholders who do not receive an email by 10.00 a.m. on 29 September 2021 but have registered by the 27 September 2021 deadline should contact the Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., via email to [e-mail] call at [phone] / 6230 9586.
4. Unitholders may also submit questions related to the resolutions to be tabled for approval at the EGM to the Chairman of the EGM, in advance of the EGM. In order to do so, their questions must be submitted in the following manner by 10.00 a.m. on
   27 September 2021:

1. via the pre-registration website at the URL https://plifereit.listedcompany.com/egmregistration/; or
2. by completing the Submission of Questions Form provided by the Manager on Parkway Life REIT's website at the URL https://plifereit.listedcompany.com/egm.html and on the SGX website at the URLhttps://www.sgx.com/securities/company-announcementsand sending the same in hard copy by post to the offi ce of Parkway Life REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffl es Place #32-01, Singapore Land Tower, Singapore 048623 or electronically via email to [e-mail]. A Unitholder who wishes to submit the form must fi rst download, complete and sign the form, before submitting it by post to the address provided above, or before scanning and sending it by email to the email address provided above.

Due to the current COVID-19 situation, Unitholders are strongly encouraged to submit completed forms electronically via email.

The Manager's Chairman, Mr. Ho Kian Guan will conduct the proceedings of the EGM. Executive Director and Chief Executive Offi cer, Mr. Yong Yean Chau, and Chief Portfolio Offi cer, Ms. Liu Chen Yin will provide an overview of the Proposed Transaction, and Chief Financial Offi cer, Mr. Loo Hock Leong, will address substantial and relevant questions which the Unitholders have submitted in advance. The Manager will endeavour to address all substantial and relevant questions submitted in advance of the EGM prior to or during the EGM. The Manager will publish the responses to the substantial and relevant questions on Parkway Life REIT's website and on SGXNET prior to the EGM and address certain substantial and relevant questions during the EGM. The Manager will publish the minutes of the EGM on Parkway Life REIT's website and on SGXNET, and the minutes will include the responses to the substantial and relevant questions which are addressed during the EGM.

Unitholders will not be able to ask questions at the EGM live during the webcast or audio-stream, and therefore it is important for Unitholders who wish to ask questions to submit their questions in advance of the EGM.

1. If a Unitholder (whether individual or corporate) wishes to exercise his/her/its voting rights at the EGM, he/she/it must appoint the Chairman of the EGM as his/her/its proxy to attend, speak and vote on his/her/its behalf at the EGM. The Proxy Form may be accessed at Parkway Life REIT's website and SGX website at the URLshttps://plifereit.listedcompany.com/egm.htmland https://www.sgx.com/securities/company-announcements, respectively. Printed copies of the Proxy Form will notbe sent to Unitholders.
   In appointing the Chairman of the EGM as proxy, a Unitholder must give specifi c instructions as to voting, or abstentions from voting, in respect of a resolution in the Proxy Form, failing which the appointment of the Chairman of the EGM as proxy for that resolution will be treated as invalid.
2. The Proxy Form must be submitted to the Manager c/o the Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., in the following manner:
3. 1. if submitted by post, be lodged at the offi ce of the Unit Registrar at 50 Raffl es Place, #32-01 Singapore Land Tower, Singapore 048623; or
   2. if submitted electronically, be submitted via email to the Unit Registrar at [e-mail],

in either case, by 10.00 a.m. on 27 September 2021, being 72 hours before the time fi xed for the EGM.

A Unitholder who wishes to submit a Proxy Form must fi rst download, complete and sign the Proxy Form, before submitting it by post to the address provided above, or before scanning and sending it by email to the email address provided above.

Due to the COVID-19 situation in Singapore, Unitholders are strongly encouraged to submit completed Proxy Forms electronically via email.

1. Persons who hold Units through relevant intermediaries (as defi ned below), including CPF and SRS investors, and who wish to participate in the EGM by (a) observing and/or listening to the EGM proceedings through live audio-visual webcast or live audio-only stream; (b) submitting questions in advance of the EGM; and/or (c) appointing the Chairman of the EGM as proxy to attend, speak and vote on their behalf at the EGM, should contact the relevant intermediary (which would include, in the case of CPF and SRS investors, their respective CPF Agent Banks or SRS Operators) through which they hold such Units as soon as possible in order to make the necessary arrangements for them to participate in the EGM.
   In addition, CPF and SRS investors who wish to appoint the Chairman of the EGM as proxy should approach their respective CPF Agent Banks or SRS Operators to submit their votes by 5.00 p.m. on 20 September 2021, being 7 working days before the date of the EGM.
   "relevant intermediary" means:
2. 1. a banking corporation licensed under the Banking Act, Chapter 19 of Singapore, or a wholly owned subsidiary of such a banking corporation, whose business includes the provision of nominee services and who holds Units in that capacity;
   2. a person holding a capital markets services licence to provide custodial services for securities under the Securities and Futures Act, Chapter 289 of Singapore, and who holds Units in that capacity; or
   3. the Central Provident Fund Board ("CPF Board") established by the Central Provident Fund Act, Chapter 36 of Singapore, in respect of Units purchased under the subsidiary legislation made under that Act providing for the making of investments from the contributions and interest standing to the credit of members of the Central Provident Fund, if the CPF Board holds those Units in the capacity of an intermediary pursuant to or in accordance with that subsidiary legislation.
3. The Chairman of the EGM, as proxy, need not be a Unitholder of Parkway Life REIT.

9.	Due	to the constantly	evolving COVID-19 situation in Singapore, the Manager may be required to change
	the	arrangements for	the EGM at short notice. Unitholders should check SGX website at the URL
	https://www.sgx.com/securities/company-announcementsand Parkway Life REIT's website at the URL www.plifereit.comfor
	the latest updates on the status of the EGM.

Personal Data Privacy

10. By submitting an instrument appointing the Chairman of the EGM as proxy to attend, speak and vote at the EGM and/or any adjournment thereof, a Unitholder (i) consents to the collection, use and disclosure of the Unitholder's personal data by the Manager and the Trustee (or their agents or service providers) for the purpose of the processing, administration, analysis and facilitation by the Manager and the Trustee (or their agents or service providers) of the appointment of the Chairman of the EGM as proxy for the EGM (including any adjournment thereof) and the preparation and compilation of the attendance lists, minutes (including questions and answers) and other documents relating to the EGM (including any adjournment thereof), and in order for the Manager and the Trustee (or their agents or service providers) to comply with any applicable laws, listing rules, regulations and/or guidelines.