FIRST REAL ESTATE INV TRUST

First REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes including but not limited to regional healthcare and/or healthcare-related markets with high growth potential such as Indonesia, Singapore, China, Malaysia, Thailand and Hong Kong. In addition, as one of its objectives, First REIT seeks to invest in healthcare and healthcare-related assets that are positioned to capitalise on the growing demand for healthcare services in Asia. The Manager of First REIT is Bowsprit Capital Corporation Limited. The Manager’ s key financial objective is to provide unitholders of First REIT (“Unitholders”) with a competitive rate of return for their investment by ensuring regular and stable distributions to Unitholders and to achieve long-term growth in the net asset value (“NAV”) of First REIT. First REIT’s initial asset portfolio as at Listing Date consists of the following Properties which are all located in Indonesia: Siloam Hospitals Lippo Karawaci; Siloam Hospitals West Jakarta; Siloam Hospitals Surabaya; and Imperial Aryaduta Hotel & Country Club.