Frasers Hospitality Trust : Divestment Of Sofitel Sydney Wentworth- Oct 2021

Divestment of

Sofitel Sydney Wentworth

29 October 2021

This presentation should be read in conjunction with the announcement released by Frasers Hospitality Trust (FHT) on 29 October 2021, titled "Divestment of Sofitel Sydney Wentworth".

Certain statements in this presentation constitute "forward-looking statements", including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of FHT, Frasers Hospitality Asset Management Pte. Ltd. (as the manager of Frasers Hospitality Real Estate Investment Trust (FH-REIT) or Frasers Hospitality Trust Management Pte. Ltd. (as trustee-manager of Frasers Hospitality Business Trust) (FH-BT)(collectively, the Managers), or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding the Managers' present and future business strategies and the environment in which FHT or the Managers will operate in the future. Because these statements and financial information reflect the Managers' current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information. Investors are cautioned not to place undue reliance on these forward-looking statements. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither the Managers nor any of their affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The Managers expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in the Managers' expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the Singapore Exchange Securities Trading Limited (SGX-ST) and/or any other regulatory or supervisory body or agency. The value of stapled securities in FHT (Stapled Securities) and the income derived from them, if any, may fall or rise. Stapled Securities are not obligations of, deposits in, or guaranteed by, the Managers, Perpetual (Asia) Limited (the Trustee of FH-REIT), or any of their affiliates. An investment in Stapled Securities is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they have no right to request the Managers to redeem or purchase their Stapled Securities while the Stapled Securities are listed. It is intended that holders of Stapled Securities may only deal in their Stapled Securities through trading on the SGX-ST. Listing of the Stapled Securities on the SGX-ST does not guarantee a liquid market for the Stapled Securities.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Stapled Securities. The past performance of FHT and the Managers is not necessarily indicative of the future performance of FHT and the Managers.

This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys and forecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. While the Managers have taken reasonable steps to ensure that the information is extracted accurately and in its proper context, the Managers have not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein.

This advertisement has not been reviewed by the Monetary Authority of Singapore (MAS).

Any discrepancies in the figures included herein between the listed amounts and total thereof are due to rounding.

2

• Divestment of Sofitel Sydney Wentworth (SSW) on a freehold basis for AUD 315.0m (~SGD 309.1m1) to an unrelated third- party acquirer (Acquirer)
• Deal Structure
• • FH-REIT,through its wholly-ownedsub-trust, enters into a put and call option agreement with a wholly-owned subsidiary of Frasers Property Limited (FPL) to acquire the freehold reversionary interest of the land ("Reversionary Interest Acquisition") for AUD 10.55m (~SGD 10.4m) ("Acquisition Purchase Price")
  • The freehold reversionary interest will be amalgamated with FHT's existing 75-year leasehold interest, creating a new freehold title for SSW to onsell to the Acquirer
  • This title re-structuring of amalgamating the freehold reversionary interest and 75-year leasehold interest, enables the unlocking of a value greater than if it had been sold as a leasehold property
• Sold at 34.3% premium over total combined purchase price of AUD 234.55m, comprising the purchase consideration of AUD 224m for the acquisition of the 75-year leasehold interest in 2015 and the Acquisition Purchase Price

1. Unlock value at optimal stage of life cycle to enhance value for Stapled Securityholders
2. Active portfolio management strategy
3. Opportunity to optimise capital structure and increase financial flexibility

5