The Board of Directors of First REIT Management Limited (the “Board”), in its capacity as manager of First Real Estate Investment Trust (“First REIT”, and as manager of First REIT, the “Manager”) refers to the Manager’s announcement on the Extraordinary General Meeting (“EGM”) of First REIT which will be convened and held by way of electronic means on Monday, 25 July 2022 at 2:30 p.m. (Singapore Time).

ALTERNATIVE ARRANGEMENTS

The following are the alternative arrangements which have been put in place for the EGM:

1. Pre-Registration for live audio-visual webcast and live audio-only stream

Unitholders will be able to watch these proceedings through a live audio-visual webcast via their mobile phones, tablets or computers or listen to these proceedings through a live audio-only stream via telephone. In order to do so, Unitholders must follow these steps:

1. Unitholders who wish to watch the live audio-visual webcast or listen to the live audio-only stream of the EGM must pre-register by 2:30 p.m. (Singapore Time) on Friday, 22 July 2022, for the Manager to authenticate his/her/its status as Unitholders.
2. Authenticated Unitholders will receive email instructions on how to access the audio-visual webcast and audio-only stream of the EGM proceedings by 2:30 p.m. on (Singapore Time) on Saturday, 23 July 2022.
3. Unitholders who do not receive an email by 2:30 p.m. (Singapore Time) on Saturday, 23 July 2022, but who have registered by the 2:30 p.m. (Singapore Time) on Friday, 22 July 2022 deadline, should contact First REIT's Unit Registrar, Boardroom Corporate & Advisory Pte. Ltd. at +65 6536 5355 or by email FREGM2022@boardroomlimited.com between 3:00 p.m. and 5:30 p.m. on 23 July 2022 or between 8:30 a.m. and 12:00 noon on 25 July 2022.

Register for Webcast

2. Submission of questions in advance of, or “live” at, the EGM

Unitholders who pre-register to watch the live audio-visual webcast or listen to the live audio-only stream may also submit questions related to the resolution to be tabled for approval at the EGM in advance of, or “live” at, the EGM:

1. Submission of questions in advance of the EGM: All questions must be submitted in the following manner by 2:30 p.m. (Singapore Time) on Monday, 11 July 2022:
   • via the pre-registration website;
   • in hard copy by completing the Submission of Questions Form provided by the Manager and sending the same by post to the office of First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632; or
   • via email by completing the Submission of Questions Form provided by the Manager and sending the same to First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at FREGM2022@boardroomlimited.com.
   The Manager will address substantial questions relating to the resolutions to be tabled for approval at the EGM as received from Unitholders prior to the closing date and time for submission of questions, being 2:30 p.m. (Singapore Time) on Monday, 11 July 2022, by publishing the responses to such substantial and relevant questions on First REIT's website and SGX website by 2:30 p.m. (Singapore Time) on Tuesday, 19 July 2022, being 72 hours prior to the closing date and time for the lodgement of proxy forms.

Question Submission Form

3. Proxy voting

Unitholders will not be able to vote "live" on the resolution to be tabled for approval at the EGM. Instead, if Unitholders (whether individual or corporate) wish to exercise their votes, they must submit a proxy form to appoint the Chairman of the EGM to vote on their behalf:

1. Unitholders (whether individual or corporate) appointing the Chairman of the EGM as proxy must give specific instructions as to his/her/its manner of 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 can be submitted in hard copy form or by email:
   • if in hard copy, submitted by post to First REIT's Unit Registrar's office at Boardroom Corporate & Advisory Services Pte. Ltd., 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632; or
   • if submitted electronically, be submitted via email to the Unit Registrar at FREGM2022@boardroomlimited.com,

in either case not later than 2:30 p.m. (Singapore Time) on Friday, 22 July 2022 (the “Proxy Deadline”).

Proxy Form

Unitholders who wish to submit an instrument of proxy must first download, complete and sign the proxy form, before submitting it by post to the address provided above, or scanning and sending it by email to the email address provided above.

Unitholders who hold their units through relevant intermediaries as defined in Section 181 of the Companies Act 1967 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, or "live" at, 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 approach their respective relevant intermediaries through which they hold such Units as soon as possible in order to make the necessary arrangements for them to participate in the EGM.

For the avoidance of doubt, CPF and SRS investors 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 and/or (b) submitting questions in advance of, or “live” at, the EGM should refer to paragraphs 1 and 2 above respectively. However, 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 Tuesday, 14 July 2022, being seven (7) working days before the date of the EGM.