First REIT Management Limited, as manager (the “Manager”) of First Real Estate Investment Trust (“First REIT” or the “Trust”), today announced that Primerich Investments Pte. Ltd. and Surabaya Hospitals Investment Pte. Ltd., each of which is a direct wholly-owned subsidiary of Perpetual (Asia) Limited, as trustee of First REIT (the “Trustee”), have entered into a conditional sale and purchase agreement with PT Siloam International Hospitals Tbk (“Siloam”) and PT Megapratama Karya Bersama (which is a company in which Siloam directly holds a 99.99% interest and PT. Lippo Karawaci Tbk (“LPKR”) indirectly holds a 0.01% interest) for the proposed divestment of 100.0% of the issued and paid-up share capital of PT Tata Prima Indah (“PT TPI”) for a divestment consideration of Rp.430.0 billion (approximately S$40.9 million) (subject to post-completion adjustments) (the “Divestment Consideration”) (the “Proposed Divestment”). PT TPI owns a 100.0% interest in Siloam Hospitals Surabaya
(“SHS”).