Starhill Global Real Estate Investment Trust : Strata Area Of Wisma Atria Owned By Isetan (Singapore) Limited

SGX-ST Announcement

STRATA AREA OF WISMA ATRIA OWNED BY

ISETAN (SINGAPORE) LIMITED

YTL Starhill Global REIT Management Limited, as manager (the "Manager") of Starhill Global Real Estate Investment Trust ("Starhill Global REIT"), refers to the announcement released on SGXNet by Isetan (Singapore) Limited ("Isetan") dated 15 December 2021 titled "Assessment of Market Interest in the Possible Purchase of the Company's Property at Wisma Atria". Isetan had announced that their expression of interest exercise for their property in Wisma Atria ("Property") has run its course without yielding a positive outcome for the matter to proceed at this juncture and Isetan will continue to explore all other options that may lead to a better yield for their Property, including any possible future sale.

The Manager would like to inform that it remains open to continue working with Isetan on improving Wisma Atria and explore acquisition opportunities when the macro environment stabilises, on terms that are in line with the Manager's acquisition criteria.

Unitholders of Starhill Global REIT are advised to exercise caution when dealing in the units of Starhill Global REIT. If there are material developments, the Manager will make the appropriate announcement on SGXNet in compliance with the Listing Manual of Singapore Exchange Securities Trading Limited.

By Order of the Board

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

(as Manager of Starhill Global Real Estate Investment Trust)

Lam Chee Kin

Joint Company Secretary

16 December 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 as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager, HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Starhill Global REIT), or any of their 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. Unitholders have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SGX-ST.

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 indicative of the future performance of Starhill Global REIT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager.

This document may contain forward-looking statements that involve assumptions, 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 other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view on future events.

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