Prime US REIT Management Pte. Ltd., as manager of Prime US REIT announced that distribution of USD 0.25 cents per unit in Prime US REIT ("Unit") will be payable to unitholders of Prime US REIT ("Unitholders") for the period from 1 July 2023 to 31 December 2023 comprising: (a) distribution out of tax-exempt income of USD 0.20 cents per Unit; and (b) distribution out of capital of USD 0.05 cents per Unit, with the above distribution representing approximately 10% of the distributable income of Prime US REIT; and it proposes to undertake an issue of new Units (the "New Units") to Unitholders on the basis of 1 New Unit to be credited as fully paid for every 10 existing Units held as at a date and time (the "Record Date") to be determined by the Manager for the purpose of determining the entitlements of Unitholders to the New Units, fractional entitlements to be disregarded (the "Proposed Issuance"). For the avoidance of doubt, Unitholders will receive the New Units pursuant to the Proposed Issuance as fully paid without the need to pay any consideration.

The second half 2023 Distribution to be paid on 28 March 2024; and the New Units on the basis of the number of Units standing to the credit of their securities accounts as at the Record Date, with such New Units expected to be credited by 9.00 a.m. on 28 March 2024 and listed and commence trading on the Singapore Exchange Securities Trading Limited (SGX-ST) from 9.00 a.m. on 28 March 2024. Units will be traded "ex" 2H2023 Distribution and "ex" proposed Issuance is 1 March 2024.