(1) Based on OUB Centre Limited's 81.54% interest in One Raffles Place. OUE C-REIT has an indirect 83.33% interest in OUB Centre Limited held via its own wholly-owned subsidiaries(2) Valuation without income support(3) Based on 91.2% strata ownership of Lippo Plaza(4) Based on SGD: CNY exchange rate of 1:4.958 as at 31 March 2019

OUE Commercial Real Estate Investment Trust (“OUE C-REIT”) was established with the principal investment strategy of investing in a portfolio of income-producing real estate used primarily for commercial purposes in the financial and business hubs in key gateway cities.

OUE C-REIT is managed by OUE Commercial REIT Management Pte. Ltd. (the “Manager”). The Manager’s objective is to provide unitholders of OUE C-REIT with regular and stable distributions, and to achieve long-term sustainable growth in DPU and NAV per unit, while maintaining an appropriate capital structure.

OUE C-REIT’s portfolio comprises four strategically located office properties in Singapore and Shanghai with a total assets-under-management of S$4.5 billion and net lettable area of more than 2.0 million square feet:

• OUEBayfront,apremiumGradeAbuildinglocatedatCollyerQuaybetween the Marina Bay downtown and Raffles Place financial hub in Singapore's CBD;

• OneRafflesPlace,anintegratedcommercialdevelopmentcomprising two Grade A office towers with a retail mall located in the heart of Singapore's CBD at Raffles Place;

• OUEDowntownOffice,GradeAofficespaceatOUEDowntown,a recently refurbished mixed-use development with Grade A offices, a six-storey retail mall and serviced residences located at Shenton Way in Singapore; and

• LippoPlaza,aGradeAcommercialbuildinglocatedinthebusiness district of Huangpu, one of Shanghai's established core CBD locations

OUE BAYFROnT OnE RAFFLEs PLACE OUE DOWnTOWn LIPPO PLAZA

PORTFOLIOOVERVIEW

Property Description

Landmark premium Grade A commercial property located between Marina Bay downtown and Raffles Place.

Prominent, iconic integrated development strategically located at Raffles Place.

Newly refurbished mixed-use development located in Shenton Way, at the financial corridor between Raffles Place and Tanjong Pagar.

Located in Huaihai Road precinct, Shanghai's prime commercial area in the established Huangpu district.

net Lettable Area (sq m)

Office : 35,298.3 Office : 57,043.1 Office : 49,239.0 Office : 33,538.6Retail : 1,830.1 Retail : 9,227.4 Retail : 5,685.9Overall : 37,128.4 Overall : 66,270.5 Overall : 39,224.5

Committed Occupancy (31 mar 2019)

96.0% 96.6% 93.9% 87.6%

Valuation(31 Dec 2018) S$1,173.1m S$1,813.5m (1) S$920.0m (2) S$595.0m (3)(4)

Completion Year 2011 Office (Tower 1) : 1986 Downtown 1 : 1974 Office : 1999Office (Tower 2) : 2012 Downtown 2 : 1994 Refurbishment : 2010Retail Refurbishment : 2014 Major Refurbishment : 2017

PORTFOLIO COmPOsITIOn

DIsTRIBUTIOn sInCE IPO(S$ Million)

CAPITAL mAnAGEmEnT(S$ Million)

(5) Including share of OUB Centre Limited's loan(6) Including amortisation of debt establishment costs

The information in this fact sheet is based on OUE C-REIT's financial results announcement for the period ended 31 March 2019, unless otherwise stated.

Important notice:This fact sheet is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in OUE C-REIT (“Units”). The value of Units and the income from them, if any, may fall or rise. The Units are not obligations of, deposits in, or guaranteed by, OUE Commercial REIT Management Pte. Ltd. as the Manager of OUE C-REIT, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. The past performance of OUE C-REIT is not necessarily indicative of the future performance of OUE C-REIT.

OUE COmmERCIAL REIT mAnAGEmEnT PTE. LTD.50 Collyer Quay, #04-08 OUE Bayfront, Singapore 049321 T: (65) 6809 8700 F: (65) 6809 8701 E: enquiry@ouect.com

Capital management (AS At 31 MAr 2019)

aggregate leverage 39.4%

total Debt S$1,685m(5)

% Unsecured Debt 62.2%

Weighted average Cost of Debt (6) 3.5% p.a.

average term of Debt 3.3 years

% Fixed Rate Debt 71.6%

average term of Fixed Rate Debt 2.1 years

interest Cover Ratio 3.3x

(1) Based on independent valuations as at 31 December 2018 and OUE C-REIT's proportionate interest in One Raffles Place(2) For 1Q 2019 and based on OUE C-REIT's attributable interest in One Raffles Place

BY aSSet ValUe (1)

One Raffles Place 36.0%OUE Bayfront 27.9%OUE Downtown 21.9%Lippo Plaza 14.2%

BY ReVenUe (2)

One Raffles Place 34.7%OUE Bayfront 32.2%OUE Downtown 19.2%Lippo Plaza 13.9%

BY Segment (2)

Office 88.8%Retail 11.2%

2019 2020 2021 2022 2023 2024

Unsecured SGD Loan Share of OUB Centre Limited’s Unsecured SGD Loan Secured RMB Loan Secured SGD Loan Medium-Term Note

DeBt matURitY pRoFile

(3) Period commencing from OUE C-REIT’s listing date of 27 January 2014 to 31 December 2014(4) Growth rate from FY2014 to FY2015 is calculated based on annualised amount available for distribution for the period from OUE C-REIT’s listing date of 27 January 2014 to 31 December 2014

FY2014 (3) FY2015 FY2016 FY2017 FY2018 1Q 2019

45.9

56.1

+13.5% (4)

+20.1% +3.8% +1.9%

67.4 70.0 71.3

26.0

5

150

328

612

150 157

26

258