PARAGON REIT

Straits Retail Property Management Services Pte. Ltd. has been appointed as property manager of the Properties. The Property Manager is an indirect wholly-owned subsidiary of the Sponsor, and was incorporated in Singapore on 6 August 2010. Its registered office is located at 30 Cecil Street, 19-08 Prudential Tower, Singapore 049712.

The Property Manager will be providing property management services for the commercial properties that are owned or to be acquired by the Sponsor outside of the Initial Portfolio. It is run by an experienced pool of staff. The Initial Portfolio will be managed by a separate leasing team which will have in place appropriate chinese wall policies.

The Property Manager will work with the Manager to formulate strategic plans for PARAGON REIT in accordance with the Manager’s stated investment strategy. The Property Manager will be responsible for implementing best practices in the portfolio management aspects across the Initial Portfolio.