Notice Of Change Of Address Of Unit Registrar And Place At Which The Register Of Unitholders Is Kept

The Board of Directors of Bowsprit Capital Corporation Limited, the Manager of First Real Estate Investment Trust, wishes to announce that with effect from 22 February 2010, the office of the Unit Registrar and the place at which the Register of Unitholders is kept, will be situated at:

Boardroom Corporate & Advisory Services Pte. Ltd.
50 Raffles Place, #32-01 Singapore Land Tower
Singapore 048623
Telephone Number: (65) 6536 5355
Facsimile Number: (65) 6536 1360.

The contact numbers will remain unchanged.

By Order of the Board

Dr Ronnie Tan Keh Poo
Chief Executive Officer
Bowsprit Capital Corporation Limited
As Manager of First REIT
2 February 2010