Starhill Global Real Estate Investment Trust : Formation Of Nominating And Remuneration Committee

SGX-ST Announcement

FORMATION OF NOMINATING AND REMUNERATION COMMITTEE

YTL Starhill Global REIT Management Limited (the "Manager"), the manager of Starhill Global Real Estate Investment Trust ("Starhill Global REIT"), wishes to announce the formation of a nominating and remuneration committee (the "NRC").

With effect from 1 August 2021, the new composition of the Company's board committees is as follows:

NRC (New)	Audit Committee (No Change)
Mr Tan Woon Hum (Chairman) *	Mr Tan Bong Lin (Chairman & Lead Independent
	Director) *
Tan Sri Dato' (Sir) Francis Yeoh Sock Ping	Mr Ching Yew Chye *
Dato' Yeoh Seok Kian	Mr Tan Woon Hum *
Mr Tan Bong Lin (Lead Independent Director) *
Mr Ching Yew Chye *
* Independent Director

The NRC will review and make recommendations to the Board in, inter alia, matters relating to: (a) all board appointments (including alternate directors); and (b) the framework of remuneration for the Board, Chief Executive Officer and key executives, including the Company's remuneration policy. Prior to the formation of the NRC, the Board undertook the functions of the NRC.

YTL Starhill Global REIT Management Limited (Company registration no. 200502123C)

(as manager of Starhill Global Real Estate Investment Trust)

Lim Wai Pun / Lam Chee Kin

Joint Company Secretaries

Singapore

29 July 2021

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About Starhill Global REIT

Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 10 properties in Singapore, Australia, Malaysia, China and Japan, valued at about S$3.0 billion.

These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia, The Starhill and Lot 10 in Kuala Lumpur, Malaysia, a retail property in Chengdu, China and two properties in Tokyo, Japan. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements.

Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited, of which all of its shares are indirectly held by YTL Corporation Berhad.

Important Notice

The value of units in Starhill Global REIT ("Units") and the income derived from them may fall or rise. The Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including possible delays in repayment, loss of income or principal invested. The Manager and its affiliates do not guarantee the performance of Starhill Global REIT or the repayment of capital from Starhill Global REIT or any particular rate of return. Investors have no right to request the Manager to redeem their Units while the Units are listed.

It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of Starhill Global REIT is not necessarily indicative of the future performance of Starhill Global REIT.

This document may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward- looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, outbreak of contagious diseases or pandemic, interest rate and foreign exchange trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's view of future events.

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