Press Release: First REIT brings cheer to elderly at The Lentor Residence with Japanese Orizome Workshop

PRESS RELEASE

For Immediate Release

FIRST REIT BRINGS CHEER TO ELDERLY AT THE

LENTOR RESIDENCE WITH JAPANESE ORIZOME WORKSHOP

Japanese Orizome Workshop at Lentor Senior Care Centre, located within The Lentor Residence

SINGAPORE - 8 August 2023 - First REIT Management Limited, as manager (the "Manager") of First Real Estate Investment Trust ("First REIT" or the "Trust") is pleased to share that it organised a Japanese Orizome Workshop ("Workshop") on 7 August 2023, for over 25 seniors at the Lentor Senior Care Centre ("LSCC"). LSCC is located at The Lentor Residence, the Trust's largest nursing home in Singapore.

Orizome-Shi or Japanese paper dyeing combines origami paper folding and pigment dip-dyeing to form colourful and kaleidoscopic pattern on traditional washi paper. The Workshop is sponsored by First REIT Management Limited and is conducted by Slik Studios, a mobile art studio established in 2015 by Ms Karen Heng, a graduate of LASALLE College of the Arts. During the workshop, staff of First REIT Management Limited and staff of The Lentor Residence and LSCC, supported the elderly participants in flexing their creativity muscles to create personalised art and craft works.

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Mr Victor Tan, Executive Director and Chief Executive Officer of the Manager, said, "I would like to thank The Lentor Residence, Lentor Senior Care Centre, and Slik Studios for making today's event a success. First REIT is glad to support this fun workshop at The Lentor Residence as part of our corporate social responsibility programme this year to engage our stakeholders in meaningful ways. We believe in doing good and doing well through our business. With our portfolio of high-qualityhealthcare properties, we are able to contribute back to society."

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For further information and enquiries, please contact:

First REIT

Pearl LAM

Email: pearllam@first-reit.com/ir@first-reit.com

Tel: (65) 6435 0168

Citigate Dewe Rogerson Singapore

Ms CHIA Hui Kheng / Ms Dolores PHUA / Mr TEO Zheng Long

Email:FirstREIT@citigatedewerogerson.com

Tel: (65) 6534 5122

About First REIT

First Real Estate Investment Trust ("First REIT" or the "Trust"), is a healthcare real estate investment trust focused on investing in income producing real estate properties which are primarily used for healthcare and healthcare related purposes. First REIT is managed by First REIT Management Limited (the "Manager"), which is headquartered in Singapore. The Manager is 40% directly held by OUE Healthcare Limited and 60% directly held by OUE Limited, who together are its Sponsors.

As at 31 December 2022, the Trust has a portfolio of 32 properties across Asia, with a total asset value of S$1.15 billion. These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, an integrated hospital & hotel and a hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan. The Trust's healthcare properties in Indonesia are operated by PT Siloam International Hospitals Tbk while healthcare properties in Singapore and Japan are operated by well- established third-party operators.

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With a vision to become Asia's premier healthcare trust, First REIT is actively executing its '2.0 Growth Strategy' of four well-defined strategic pillars to drive sustainable long-term growth. The four pillars are to diversify into developed markets, reshape portfolio for capital efficient growth, strengthen capital structure to remain resilient, and continue to pivot to ride megatrends.

For the latest news from First REIT, visit www.first-reit.com

IMPORTANT NOTICE

The value of units in First REIT ("Units") and the income derived from them may fall as well as 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 the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of First REIT may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (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 First REIT is not necessarily indicative of the future performance of First 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, interest rate 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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