First Real Estate Investment Trust ("First REIT")

FIRST REAL ESTATE INVESTMENT TRUST

(a real estate investment trust constituted on 19 October 2006 under the laws of the Republic of Singapore)

First Real Estate Investment Trust ("First REIT") is a Singapore-based real estate investment trust 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, whether wholly- or partially-owned, and whether directly or indirectly held through the ownership of special purpose vehicles whose primary purpose is to hold or own real estate.

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.

First REIT's initial asset portfolio, as at the listing date, comprises 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.