Frasers Logistics & Commercial Asset Management Pte. Ltd., the manager of Frasers Logistics & Commercial
Trust (“FLCT” and the manager of FLCT, the “REIT Manager”), is pleased to announce that FLCT, through its
indirectly wholly-owned sub-trust Collins Street Landholding Trust (the “Vendor”), has entered into a sale and
purchase agreement with, among others, an unrelated third-party purchaser for the sale of the commercial
property at 357 Collins Street, Melbourne, Victoria, Australia ("357 Collins Street") for a sale price of A$195.3
million (approximately S$164.1 million).