ARA Trust Management (Suntec) Limited, as manager of Suntec Real Estate Investment Trust (Suntec REIT, and manager of Suntec REIT, the Manager), announced that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Suntec REIT (the Trustee), has entered into a SGD 180,000,000 facility agreement (the Sustainability-Linked Loan Facility) with DBS Bank Ltd. to refinance part of its outstanding borrowings and/or for general working capital purposes (including payment of fees in relation to the facility granted under the Sustainability-Linked Loan Facility). Pursuant to Rule 704(31) of Singapore Exchange Securities Trading Limited (the SGX-ST) Listing Manual, the Sustainability-Linked Loan Facility includes a condition (the Relevant Condition) that stipulates that it would be an event of default if: The Manager ceases to be an Affiliate (as defined in the Facility Agreement) of ARA Asset Management Limited (ARA); or The Manager ceases to be the manager of Suntec REIT and the replacement or substitute manager is (i) not appointed in accordance with the terms of the Trust Deed or (ii) otherwise not approved by the Majority Lenders (as defined in the Facility Agreement) but so that such approval is not required if the replacement or substitute manager is an Affiliate of ARA Asset Management Limited. The aggregate level of facilities which may be affected by a breach (including facilities which will be affected as a result of cross defaults) of the Relevant Condition is approximately SGD 3,925,700,000 (excluding interest) as at the date of this announcement.