| Announcement Title | General Announcement |
| Date & Time of Broadcast | Jan 21, 2019 17:20 |
| Status | New |
| Announcement Sub Title | Payment of management fee by way of issue of units in First Real Estate Investment Trust |
| Announcement Reference | SG190121OTHRI9OZ |
| 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 80% of the Performance Fee component of the Manager's management fee (as defined in the Trust Deed) for the period from 1 October 2017 to 31 December 2017 by way of issue of units in First Real Estate Investment Trust. Please see attachment. |