The Board of Directors and the Management of Sabana Real Estate Investment Management Pte. Ltd., as manager of Sabana Industrial Real Estate Investment Trust (Sabana Industrial REIT), announced that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Industrial REIT (Trustee or Borrower), has on this day, entered into a facility agreement in respect of unsecured sustainability-linked term and revolving facilities of up to SGD 100 million (Facility Agreement) (as borrower) with United Overseas Bank Limited (as lender), comprising (a) a SGD 75 million four-year term loan facility and (b) a SGD 25 million four-year revolving credit facility (collectively, the "Facilities"). The Facility Agreement will be utilised to refinance existing indebtedness and for general corporate purposes, asset acquisitions, asset enhancement initiatives and working capital requirements (including for the avoidance of doubt, fees and related expenses of the Facilities).

Pursuant to Rule 704(31) of the Listing Manual of Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Manager wishes to announce that the Facility Agreement contains provisions which relate to shareholding interests of the Manager or places restrictions on any change of manager or property manager of Sabana industrial REIT. Under the terms and conditions of the Facility Agreement, it shall be a review event if (i) ESR Group Limited cease to hold, whether directly or indirectly, at least 50.1% of the issued share capital of Sabana Real Estate Investment management Pte. Ltd. ceased to be the manager of Sabana IndustrialREIT and/or (iii) Sabana Property Management Pte.

Ltd. cease to be the property manager of Sabana Industrial RE IT without the prior written consent in writing of the Facility Agent (acting on the instructions of all the lenders) ("Review Event").