Frasers Centrepoint Asset Management Ltd. (“FCAM”), as the manager of Frasers Centrepoint Trust (“FCT”) (the “Manager”), is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as the trustee of FCT, has entered into a conditional sale and purchase agreement with Sekisui House, Ltd. (the “Vendor”) to acquire 10.0% of the total issued units of Sapphire Star Trust (“SST”, and the issued units of SST, the “SST Units”) from the Vendor (the “Units Acquisition”) and another conditional sale and purchase agreement with the Vendor to acquire 10.0% of the issued share capital of FC Retail Trustee Pte. Ltd., which is the trustee-manager of SST (the “FCRT Acquisition”, and together with the Units Acquisition, the “Acquisition”) (the two conditional sale and purchase agreements collectively, the
“SPAs”).

SST currently holds the retail units in the retail mall known as “Waterway Point” located at 83 Punggol Central, Singapore 828761 (the “Property”).