SPH REIT

Remarks
Vesting of share awards Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$29,794.57 Immediately after the transaction

No. of ordinary voting shares/units held: 381403 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.01500000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Transferred a total of 50,627 units in SPH REIT held by SPH REIT Management Pte. Ltd. (the "Company") for the purpose of the Performance Unit Award to the staff of the Company and SPH Retail Property Management Services Pte. Ltd. ("Property Manager"). Immediately after the transaction

No. of ordinary voting shares/units held: 34605359 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.34800000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,567,660,386 Units as at 1 February 2018. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 34655986 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.35000000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,565,652,516 as at 27 October 2017. The percentage of unitholdings after the change was computed based on 2,567,660,386 units in issue as at 26 January 2018. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 32648116 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.27300000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,556,106,012 as at 28 July 2017. The percentage of unitholdings after the change was computed based on 2,565,652,516 units in issue as at 27 October 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
The sale of 20 million SPH REIT Units by SPH REIT Management Pte Ltd. Times Properties Private Limited is deemed to be interested in the units held by SPH REIT Management Pte Ltd as SPH REIT Management Pte Ltd is a wholly-owned subsidiary of Times Properties Private Limited. Immediately after the transaction

No. of ordinary voting shares/units held: 1264679500 (Direct Interest); 509119112 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 49.47700000 (Direct Interest); 19.91800000 (Deemed Interest)

The percentage figures shown above are calculated on the basis of 2,556,106,012 issued Units as at 25 October 2017.

Remarks
The sale of 20 million SPH REIT Units by SPH REIT Management Pte Ltd. Singapore Press Holdings Limited is deemed to be interested in the Units held by SPH REIT Management Pte Ltd. as SPH REIT Management Pte Ltd. is a wholly-owned subsidiary of Times Properties Private Limited, which is in turn a wholly-owned subsidiary of Singapore Press Holdings Limited. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1773798612 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 69.39500000 (Deemed Interest)

The percentage figures shown above are calculated on the basis of 2,556,106, 012 issued Units as at 25 October 2017.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$19,753,965.00 Immediately after the transaction

No. of ordinary voting shares/units held: 23101612 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.90400000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,556,106,012 Units as at 25 October 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 43101612 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.68600000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,555,207,357 as at 28 April 2017. The percentage of unitholdings after the change was computed based on 2,556,106,012 units in issue as at 28 July 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 42202957 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.65200000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,553,099,102 as at 26 January 2017. The percentage of unitholdings after the change was computed based on 2,555,207,357 units in issue as at 28 April 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$1,528,653.33 Immediately after the transaction

No. of ordinary voting shares/units held: 40094702 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.57000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,553,099,102 Units as at 6 March 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): S$5,993,070.20 Immediately after the transaction

No. of ordinary voting shares/units held: 41684702 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.63300000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,553,099,102 Units as at 13 February 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Transferred a total of 122,900 units in SPH REIT held by SPH REIT Management Pte. Ltd. (the "Company") for the purpose of the Performance Unit Award to the staff of the Company and SPH Retail Property Management Services Pte. Ltd. ("Property Manager"). Immediately after the transaction

No. of ordinary voting shares/units held: 48000302 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.88000000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,553,099,102 Units as at 8 February 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Type of securities which are subject of the transaction Award of 90,500 units (based on 100% of grant) in SPH REIT granted under the Performance Unit Award on 31 January 2017, subject to certain performance conditions being met and other terms and and conditions. Acceptance of employee share options/share awards Immediately after the transaction

Details of securities held: 353100 (Direct Interest); 0 (Deemed Interest)

Remarks
Vesting of share awards Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$51,278.67 Immediately after the transaction

No. of ordinary voting shares/units held: 353100 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.01400000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 48123202 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.88500000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,550,918,917 as at 28 October 2016. The percentage of unitholdings after the change was computed based on 2,553,099,102 units in issue as at 26 January 2017. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 45943017 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.80100000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,546,703,310 as at 28 July 2016. The percentage of unitholdings after the change was computed based on 2,550,918,917 units in issue as at 28 October 2016. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 41727410 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.63800000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,542,310,127 as at 28 April 2016. The percentage of unitholdings after the change was computed based on 2,546,703,310 units in issue as at 28 July 2016. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Disposal of Securities via market transaction Amount of consideration paid or received by Trustee-Manager/Responsible Person (excluding brokerage and stamp duties): $143,400.32 Immediately after the transaction

No. of ordinary voting shares/units held: 37334227 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.46900000 (Direct Interest); 0.00000000 (Deemed Interest)

Percentage of total number of units "Immediately before the transaction" and "Immediately after the transaction" is based on 2,542,310,127 Units as at 13 July 2016. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 37486327 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.47400000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,537,912,896 as at 28 January 2016. The percentage of unitholdings after the change was computed based on 2,542,310,127 units in issue as at 28 April 2016. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

Remarks
Acquisition of Securities as part of management, acquisition and/or divestment fees paid by the Listed Issuer Immediately after the transaction

No. of ordinary voting shares/units held: 33089096 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 1.30400000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of unitholdings before the change is computed based on 2,533,520,750 as at 28 October 2015. The percentage of unitholdings after the change was computed based on 2,537,912,896 units in issue as at 28 January 2016. IMPORTANT NOTICE: This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. The value of Units and the income derived from them, if any, may fall or rise. 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 the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.