First Real Estate Investment Trust : Extraordinary General Meeting To Be Held On 28 January 2022

(Constituted in the Republic of Singapore pursuant to a trust deed dated 19 October 2006 (as amended))

ANNOUNCEMENT

EXTRAORDINARY GENERAL MEETING OF THE UNITHOLDERS

TO BE HELD ON 28 JANUARY 2022

1. INTRODUCTION
   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:
2. 1. the COVID-19 (Temporary Measures) Act 2020 passed by Parliament on 7 April 2020 which enables the Minister for Law by order to prescribe alternative arrangements for listed companies in Singapore to, inter alia, conduct general meetings, either wholly or partly, by electronic communication, video conferencing, tele-conferencing or other electronic means; and
   2. the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture
      Holders) Order 2020 (the "Order") which was gazetted on 13 April 2020 (as amended), and which sets out the alternative arrangements in respect of, inter alia, general meetings of real estate investment trusts.
3. DATE OF EGM
   The Board wishes to inform holders of units in First REIT ("Units", and the holders of Units, "Unitholders") that pursuant to the Order, the extraordinary general meeting ("EGM") will be convened and held by way of electronic means on Friday, 28 January 2022 at 11:00 a.m. (Singapore Time).
   The Lead Independent Director of the Board, Mr Chan Pengee Adrian, and the Executive Director and Chief Executive Officer, Mr Tan Kok Mian Victor, will conduct the proceedings of the EGM.
4. NOTICE OF EGM AND PROXY FORM
   The Notice of EGM and the instrument appointing the Chairman of the EGM as proxy ("Proxy Form") will be sent to Unitholders by electronic means via publication on First REIT's website at the URL https://www.first-reit.com/ir_egm.html,and will also be made available on the SGX website at the URL https://www.sgx.com/securities/company-announcements.

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A Unitholder will need an internet browser and a PDF reader to view these documents on First REIT's website and the SGX website.

Printed copies of these documents will be sent to Unitholders in due course.

NO DESPATCH OF PRINTED COPY OF CIRCULAR

The circular to Unitholders dated 6 January 2022 (the "Circular") will be sent to Unitholders solely by electronic means via publication on First REIT's website at the URLhttps://www.first- reit.com/ir_egm.html, and will also be made available on the SGX website at the URLhttps://www.sgx.com/securities/company-announcements. Printed copies of the Circular will not be sent to Unitholders.

A Unitholder will need an internet browser and a PDF reader to view the Circular on First REIT's website and the SGX website.

4. NO PERSONAL ATTENDANCE AT EGM

Due to the current COVID-19 situation in Singapore, Unitholders will not be able to attend the EGM in person. Instead, alternative arrangements have been put in place to allow Unitholders to participate at the EGM by:

1. observing and/or listening to the EGM proceedings via "live" audio-visual webcast or "live" audio-only stream;
2. submitting questions in advance of the EGM; and/or
3. appointing the Chairman of the EGM as proxy to attend, speak and vote on their behalf at the EGM.

Please see paragraph 5 below for details of these alternative arrangements.

5. ALTERNATIVE ARRANGEMENTS

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

5.1 Pre-registration for "live" audio-visual webcast and "live" audio-only stream

Unitholders will be able to observe the EGM proceedings through a "live" audio-visual webcast via their mobile phones, tablets or computers and/or listen to the EGM proceedings through a "live" audio-only stream via mobile phone or telephone. In order to do so, Unitholders must pre-register by 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022, at the URL https://www.first- reit.com/ir_egm.htmlto enable the Manager to verify his/her/its status as a Unitholder.

Following the verification, authenticated Unitholders will receive an email containing instructions on how to access the "live" audio-visual webcast and "live" audio-only stream of the proceedings of the EGM by 11:00 a.m. (Singapore Time) on Thursday, 27 January 2022(the "Confirmation Email").

Unitholders who do not receive the Confirmation Email by 11:00 a.m. (Singapore Time) on Thursday, 27 January 2022but have registered by the 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022deadline, should contact First REIT's Unit Registrar, Boardroom

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Corporate & Advisory Services Pte. Ltd., at [phone] from 10:00 a.m. to 4:00 p.m. (Singapore Time) on Thursday, 27 January 2022.

5.2 Submission of questions in advance

Unitholders may also submit questions related to the resolutions to be tabled for approval at the EGM in advance of the EGM. In order to do so, all questions must be submitted in the following manner by 12:00 noon (Singapore Time) on Sunday, 16 January 2022:

1. via the pre-registration website at the URL https://www.first-reit.com/ir_egm.html;
2. in hard copy by completing the Submission of Questions Form provided by the Manager on First REIT's website at the URLhttps://www.first-reit.com/ir_egm.htmland on the SGX website at the URL https://www.sgx.com/securities/company-announcementsand sending the same by post to the office of First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623; or
3. via email by completing the Submission of Questions Form provided by the Manager on First REIT's website at the URLhttps://www.first-reit.com/ir_egm.htmland on the SGX website at the URL https://www.sgx.com/securities/company-announcementsand sending the same to First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte.
   Ltd. at [e-mail].

Printed copies of the Submission of Questions Form will also be sent to Unitholders in due course.

The Manager will address all substantial and relevant 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 12:00 noon (Singapore Time) on Sunday, 16 January 2022, by 11:00 a.m. (Singapore Time) on Saturday, 22 January 2022, being 72 hours prior to the closing date and time for the lodgement of Proxy Forms. The Manager will publish the responses to the substantial and relevant questions on First REIT's website and on SGXNET.

The Manager will publish the minutes of the EGM on First REIT's website and on SGXNET within one month from the date of the EGM.

Please note that Unitholders will not be able to ask questions at the EGM "live" during the audio-visual webcast and the "live" audio-only stream, and therefore it is important for Unitholders to pre-register their participation in order to be able to submit their questions in advance of the EGM. Unitholders are encouraged to submit their questions promptly for such questions to be addressed.

5.3 Proxy voting

Unitholders will not be able to vote "live" on the resolutions to be tabled for approval at the EGM. Instead, if a Unitholder (whether individual or corporate) wishes to exercise his/her/its voting rights at the EGM, he/she/it must submit a Proxy Form to appoint the Chairman of the EGM as his/her/its proxy to attend, speak and vote on his/her/its behalf at the EGM.

Where a Unitholder (whether individual or corporate) appoints the Chairman of the EGM as his/her/its proxy, he/she/it must give specific instructions as to voting, or abstentions from voting,

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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.

The Proxy Form is available on First REIT's website at the URL https://www.first-

reit.com/ir_egm.html, and on the SGX website at the URL https://www.sgx.com/securities/company-announcements.

Printed copies of the Proxy Form will also be sent to Unitholders in due course.

The Proxy Form must be submitted electronically via email or in hard copy form:

1. if submitted electronically, be submitted via email to First REIT's Unit Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at [e-mail]; or
2. if in hard copy submitted by post, be lodged at First REIT's Unit Registrar's office at Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623,

in either case not later than 11:00 a.m. (Singapore Time) on Tuesday, 25 January 2022.

Unitholders who wish to submit the Proxy Form must 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.

In view of the current COVID-19 situation and the related safe distancing measures which may make it difficult for Unitholders to submit completed Proxy Forms by post, Unitholders are strongly encouraged to submit completed Proxy Forms electronically via email.

The Chairman of the EGM, as proxy, need not be a Unitholder.

5.4 Unitholders who hold Units through relevant intermediaries

Unitholders who hold their Units through relevant intermediaries as defined in Section 181 of the Companies Act, Chapter 50 of Singapore, 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 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 the EGM should refer to paragraphs 5.1 and 5.2 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, 18 January 2022, being seven (7) working days before the date of the EGM.

6. KEY DATES/DEADLINES

In summary, the key dates/deadlines which Unitholders should take note of are set out in the table below:

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KEY DATES	ACTIONS
12:00 noon (Singapore Time) on	Deadline for Unitholders to submit questions in advance.
Sunday, 16 January 2022
Tuesday, 18 January 2022	Deadline for CPF or SRS investors who wish to exercise
	their votes by appointing the Chairman of the EGM as proxy
	to approach their respective CPF Agent Banks or SRS
	Operators to submit their voting instructions.
11:00 a.m. (Singapore Time) on	Deadline for Unitholders to pre-register at https://www.first-
Tuesday, 25 January 2022	reit.com/ir_egm.htmlfor "live" audio-visual webcast or "live"
	audio-only stream of the EGM proceedings.
11:00 a.m. (Singapore Time) on	Deadline for submission of Proxy Form for appointing
Tuesday, 25 January 2022	Chairman of the EGM as proxy to cast the votes at EGM.
11:00 a.m. (Singapore Time) on	Authenticated Unitholders will receive the Confirmation
Thursday, 27 January 2022	Email which will contain user ID and password details, as
	well as the link to access the "live" audio-visual webcast and
	a toll-free telephone number to access the "live" audio-only
	stream of the EGM proceedings.
	Unitholders who do not receive the Confirmation Email by
	11:00 a.m. (Singapore Time) on Thursday, 27 January 2022
	but have registered by the 11:00 a.m. (Singapore Time) on
	Tuesday, 25 January 2022 deadline, should contact First
	REIT's Unit Registrar, Boardroom Corporate & Advisory
	Services Pte. Ltd., at [phone] from 10:00 a.m. to 4:00
	p.m. (Singapore Time) on Thursday, 27 January 2022.
Date and time of "live" audio-	• Click on the link in the Confirmation Email and enter the
visual webcast or "live" audio-	user ID and password to access the "live" audio-visual
only stream of the EGM	webcast of the EGM proceedings; or
11:00 a.m. (Singapore Time) on	• Call the toll-free telephone number in the Confirmation
Friday, 28 January 2022	Email to access the "live" audio-only stream of the EGM
	proceedings.

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