| Announcement Title | General Announcement |
| Date & Time of Broadcast | Jul 17, 2018 18:23 |
| Status | New |
| Announcement Sub Title | Payment of management fee by way of issue of units in First Real Estate Investment Trust |
| Announcement Reference | SG180717OTHR171X |
| Submitted By (Co./ Ind. Name) | Victor Tan Kok Mian |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Payment of 94% of the Base Fee component of the Manager's management fee (as defined in the Trust Deed) for the period from 1 April 2018 to 30 June 2018 by way of issue of units in First Real Estate Investment Trust. Please see attachment. |