Starhill Global Real Estate Investment Trust : Despatch Of Notices Of Election Pursuant To The Distribution Reinvestment Plan For The Distribution Period From 1 January 2021 To 30 June 2021 - Tax-Exempt Income Component

SGX-ST Announcement

DESPATCH OF NOTICES OF ELECTION PURSUANT TO THE

DISTRIBUTION REINVESTMENT PLAN FOR THE DISTRIBUTION PERIOD

FROM 1 JANUARY 2021 TO 30 JUNE 2021

YTL Starhill Global REIT Management Limited, in its capacity as manager of Starhill Global Real Estate Investment Trust ("Starhill Global REIT" and as manager of Starhill Global REIT, the "Manager"), wishes to announce that further to the announcements dated 29 July 2021 and 6 August 2021 in relation to the application of a distribution reinvestment plan ("DRP") to the distribution of 2.07 cents per unit in Starhill Global REIT ("Unit") for the period from 1 January 2021 to 30 June 2021 (the "Distribution"), the Notices of Election 1 have been despatched today to all eligible unitholders of Starhill Global REIT whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units ("Eligible Unitholders") as at 5.00 p.m. on 6 August 2021 (the "Record Date").

Unitholders with registered addresses outside Singapore ("Overseas Unitholders") who did not provide any address in Singapore for the service of notices and documents to CDP, 11 North Buona Vista Drive, #06-07 The Metropolis Tower 2, Singapore 138589 (or such other address as may be announced by the Manager from time to time), at least three Market Days2 prior to the Record Date will not receive the Notices of Election.

Eligible Unitholders who wish to participate in the DRP must complete, sign and return the Notices of Election to the unit registrar of Starhill Global REIT, Boardroom Corporate & Advisory Services Pte. Ltd. (the "Unit Registrar") at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623 (Telephone number: [phone]) (or such other address as may be announced by the Manager from time to time). Unitholders who wish to receive their Distribution in cash need not take any action.

The Notices of Election must be received by the Unit Registrar by 5.00 p.m. on 2 September 2021, and may not be withdrawn or cancelled upon receipt. Notices of Election received after 5.00 p.m. on 2 September 2021 will not be processed.

The Distribution will be paid on 24 September 2021. The new Units to be issued pursuant to the DRP are expected to be issued, credited and listed on the SGX-ST on 24 September 2021. Eligible Unitholders who do not elect to participate in the DRP and Overseas Unitholders who did not provide registered addresses in Singapore to CDP or the Unit Registrar (as the case may be) will receive all of their respective entitlements to the Distribution in cash. Unitholders who are subject to the laws and regulations of jurisdictions outside Singapore shall, in participating in the DRP, be deemed to have complied with all applicable legal and regulatory requirements of the relevant jurisdictions.

• "Notice of Election" means one or more notices of election (in such form as the Manager may approve) which the Manager

will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the DRP.

• "Market Day" means a day on which Singapore Exchange Securities Trading Limited (the "SGX-ST") is open for trading in securities.

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Unitholders who wish to participate in the DRP and do not receive the Notices of Election within three Market Days after the date of this announcement may obtain a copy from the Unit Registrar at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623.

Important Dates and Times

Date/Time	Event
By Thursday, 2 September 2021 at	Completed Notices of Election and Tax Declaration Forms, if
5.00 p.m.	applicable in respect of participation in the DRP must be
	received by the Unit Registrar
Friday, 24 September 2021	Payment of Distribution and Issuance, Crediting and Listing of
	the Units issued pursuant to the DRP on the SGX-ST

By Order of the Board

YTL Starhill Global REIT Management Limited (Company registration no. 200502123C)

(as Manager of Starhill Global Real Estate Investment Trust)

Lim Wai Pun / Lam Chee Kin

Joint Company Secretaries

17 August 2021

About Starhill Global REIT

Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 10 properties in Singapore, Australia, Malaysia, China and Japan, valued at about S$3.0 billion.

These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia, The Starhill and Lot 10 in Kuala Lumpur, Malaysia, a retail property in Chengdu, China and two properties in Tokyo, Japan. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements.

Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited, of which all of its shares are indirectly held by YTL Corporation Berhad.

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Important Notice

The value of units in Starhill Global REIT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, the Trustee, or any of their affiliates. An investment in Units is subject to investment risks, including possible delays in repayment, loss of income or principal invested. The Manager and its affiliates do not guarantee the performance of Starhill Global REIT or the repayment of capital from Starhill Global REIT or any particular rate of return. Unitholders have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SGX-ST.

It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of Starhill Global REIT is not indicative of the future performance of Starhill Global REIT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager.

This document may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, outbreak of contagious diseases or pandemic, interest rate and foreign exchange trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view on future events.

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